FICO

JANUARY 18, 2019

Despite advances in customer due diligence, including the addition of advanced analytics to compliance officers’ toolkits, the scandals of 2018 confirmed that many banks are struggling to bring their operations up to regulators’ standards, to say nothing of best practices. Know Your Customer.

Compliance 40

Compliance Regulation Taxes Analytics 40

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Smooth B2B operations depend on robust data gathering, but many companies rely on manual methods to collect information and complete supplier enrollment.

Data 166

Data Management Taxes Meeting 166

PYMNTS

FEBRUARY 21, 2019

Steve Streit, Green Dot’s president and CEO , pointed to key partnerships as significant drivers of growth, including Walmart , with Green Dot issuing the Walmart MoneyCard, and which will see continued expansion through 2019.

Taxes 188

Taxes User Experience Cards Operations 188

PYMNTS

SEPTEMBER 12, 2019

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker. 1, 2019, the rates go to $.58 On Friday (Dec. Beginning Jan.

Compliance 148

Compliance San Francisco Operations Taxes 148

Abrigo

FEBRUARY 15, 2023

Develop your risk assessment with the AML/CFT priorities in mind Evaluating each FinCEN priority and addressing them in your financial institution's risk assessment is key to compliance. Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations.

Fraud 195

Fraud United States Training Policies 195

PYMNTS

SEPTEMBER 27, 2019

Even say in a dispensary that is legally operating under state law. It is also the only tool that they can use for paying their staff, contractors, bills and taxes because they can’t get banking service. Plus, though it is mentioned less frequently, cash industries are notoriously hard to tax. The Proponent’s Pitch .

Taxes 151

Taxes Compliance District of Columbia Industry 151

PYMNTS

AUGUST 20, 2019

That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations. In a release, Tipalti said earlier this month that it saw an increase of 250 percent in customer bookings in the first half of 2019 compared to the first half of 2018.

Management 127

Management Payments Taxes Software 127

PYMNTS

NOVEMBER 16, 2018

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Unfortunately, the report found, recent tax reform in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

FEBRUARY 14, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 21, 2019

The task traditionally involves the official IRS mileage reimbursement rate (which, for 2019, stands at $0.58 Beyond that, though, using the IRS rate can lead to unnecessary expenses, including tax-related ones, for employers. Yet, mileage reimbursement is changing — and in a way that can save companies money. Different Programs.

Taxes 128

Taxes San Francisco New York City Case Study 128

PYMNTS

JULY 23, 2018

subscribers can now organize payroll entirely online, with all federal, state and local payroll taxes automatically paid and filed. According to Gusto Chief Operations Officer Lexi Reese, “We first began our partnership with Xero five years ago and, since then, they have quickly become one of the most popular integrations on Gusto.

San Francisco 101

San Francisco Denver Software Taxes 101

PYMNTS

AUGUST 6, 2019

With government agencies working to combat tax evasion and fraud, eInvoice mandates mean a reduced risk of invoice fraud and greater visibility into trade and transactions. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. On Monday (Aug.

Regional 108

Regional Taxes System Guidelines 108

PYMNTS

DECEMBER 12, 2018

The American Bankers Association has stated that “we believe the time has come for Congress and the regulatory agencies to provide greater legal clarity to banks operating in states where cannabis has been legalized for medical or adult use.”. There will be some attention, of course, on how cannabis firms can access banks.

Company 170

Company Taxes Compliance Industry 170

PYMNTS

AUGUST 5, 2019

Consumers worldwide appear increasingly receptive to subscription offerings, with a recent survey of those in 12 countries finding the share of adult respondents who have subscription services rose from 53 percent in 2014 to 71 percent in 2019.

Payments 115

Payments Compliance Operations System 115

PYMNTS

DECEMBER 11, 2019

This law, while enormously beneficial to public and environmental health, meant that many independent truck drivers would have to cease operating if they could not afford to retrofit or replace their trucks,” Urrutia noted. is created in the economy in the form of new wages, new spending and additional tax revenue.

California 131

California District of Columbia Lending Taxes 131

PYMNTS

FEBRUARY 13, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. Cash Dangers.

Oregon 115

Oregon Colorado Operations Washington 115

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. This deal allows Emergent to extend operations of its digital payments operation, Emergent Payments, into 70 emerging markets.

Mobile 212

Mobile social media Taxes Technology 212

PYMNTS

JANUARY 10, 2019

And taking effect with the dawn of 2019, the Chinese government has put in place new initiatives tied to cross-border trade flows done by digital means into several markets. Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates.

United States 158

United States Regulation Compliance Strategy 158

FICO

FEBRUARY 27, 2019

“Asia’s reputation for financial probity may take a long time to recover fully and it seems that our region’s bankers agree that we are just at the start of a compliance technology and process overhaul that may take many years to complete,” said Dan McConaghy, president of FICO in Asia Pacific. How APC Will Fight Financial Crime in Panama.

Compliance 45

Compliance Regional Survey Analytics 45

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Source: Stripe.

Online 98

Online Company Retail Payments 98

Independent Banker

JANUARY 31, 2022

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. billion to the state’s GDP in 2019, according to state records. The Houston metro took the 10th spot with a 20.3%

Texas 182

Texas San Antonio Community Bank Community 182

FICO

JANUARY 19, 2022

This extends to an operational level, at which account-based operations are segmented from transaction-based monitoring; if first-party fraud is suspected, it must be addressed separately from standard third-party suspicious fraud transaction verification queues. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Report Analytics 52

FICO

DECEMBER 9, 2019

However this shows the relative position of NPL strategy execution risks now moving to the middle of the pack v 2019, due to emerging higher Impact or Probability risks of Economic, Political, Debt and Business Model sustainability challenges. Drastic changes in creditor’s operating models will help debtors — in some places.

Analytics 52

Analytics Regional Strategy Regulation 52

Jeff For Banks

NOVEMBER 24, 2019

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. She effectively ran the bank and its operations. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 The blue-suits were not well-received. You can't make this stuff up.

National 78

National West Virginia Virginia Pennsylvania 78

Lex Sokolin

DECEMBER 25, 2019

If you read anything but this newsletter, you’ve got to read: Blockchain Capital’s 2019 Year in Review Messari Research Crypto Theses for 2020 DappRadar 2019 dapp Industry Review Decentralized Finance Overview So let’s narrow our entire lens to decentralized finance. Two 2019 symptoms have caused this rush?—?Facebook’s

blockchain 52

blockchain Bitcoin Software Lending 52

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. Investment banking revenues hit a 13-year-low in 2019. Table of contents.

Management 78

Management Capital Company Marketing 78

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. Liberty pled not guilty to 10 separate federal fraud charges in March 2019, and could face up to 20 years in prison. Demonstrating sales is a necessity for retail startups, especially those operating in the intensely competitive food vertical.

Fraud 78

Fraud Las Vegas Company Video 78