TheGuardian

FEBRUARY 22, 2021

More executive roles are expected to relocate to home base of Hong Kong as part of Asia shift, where most of its earnings come from HSBC, Britain’s biggest bank, has recorded a 34% drop in profit for 2020 as it prepares to double down on its operations in Hong Kong and China despite concern about the political crackdown in the former UK colony.

Taxes 69

Taxes Security Operations 69

PYMNTS

JULY 26, 2020

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. SPDIs may focus on traditional assets as well.”

Wyoming 153

Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

MARCH 15, 2019

The publication pointed to Goldman Sachs as the latest FI giant to grow operations in Mexico, after it provided a $100 million credit facility to Credijusto, a FinTech startup that makes three-year loans to small businesses. Bank credit most often goes to larger corporations or to consumers for home lending. .” ”

Lending 189

Lending Fintech National Taxes 189

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

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. Watch this space for more on financial crime compliance!

Compliance 40

Compliance Regulation Taxes Analytics 40

PYMNTS

JUNE 29, 2020

Wirecard said over the weekend it would continue to operate in all but one of its European locations as the court considers the company’s insolvency request. A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

JULY 22, 2020

PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers through U.S. billion adjusted pre-tax loss for the June quarter on a revenue drop exceeding $11 billion compared to 2019. It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears.

Taxes 130

Taxes Report Survey Trends 130

PYMNTS

SEPTEMBER 27, 2019

It also was “able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019” and “took immediate steps to block further access by the unauthorized third party and to enhance security across our platform,” per the post. Uber Turns App Into ‘Everyday Operating System’.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The company said partial credit card info “may have been browsed,” but that there is “no possibility of leakage” in credit card security codes.

Retail 218

Retail Online Cards Data 218

PYMNTS

MARCH 12, 2020

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government with covert operations involving hostages, The New York Times reported on Thursday (March 11). The victims were told that the operation was secret and time-sensitive. million fine.

New York 141

New York Video Fraud Taxes 141

Alex Jimenez

FEBRUARY 27, 2019

IBM Think 2019 Campus. As noted in a previous post, I attended IBM’s Think 2019 conference in San Francisco earlier this month. The drivers of their move consisted of predictability, security, and speed. A public cloud wasn’t a good solution due to security concerns. As expected, the announcement generated quite a buzz.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. Apply the local sales tax and the new total is $48.07.

California 227

California New York Taxes Illinois 227

PYMNTS

NOVEMBER 4, 2019

In its announcement of the new research, the ETA also called on the Canadian government to introduce a tax incentive for small businesses to obtain cyber insurance and boost their cyber resilience. consumers in the first half of 2019 , according to new analysis from Parliament’s Treasury Select Committee.

Fraud 101

Fraud Pennsylvania Data Cards 101

PYMNTS

MARCH 9, 2020

Reports said the accused reportedly were able to file tax refund claims with the fraudulent invoices to the tune of $1.5 The FBI shared the information at a recent security conference and warned that the figure does not include losses that individuals and businesses alike face in the aftermath of an attack. billion in 2019.

San Diego 141

San Diego Fraud New York Report 141

TrustBank

APRIL 10, 2020

The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, making it the largest fiscal stimulus bill ever passed in U.S. Foregoing a 2020 RMD allows tax-deferred dollars to remain in an investor’s retirement account. Please consult with your tax and financial advisors.

Taxes 52

Taxes Guidelines Washington Security 52

TrustBank

APRIL 26, 2021

This law passed in 2019 and flew under most people’s radar throughout 2020 because, well, we had a few other things going on in 2020… a pandemic with massive business closures and unemployment, social unrest, a presidential campaign, more social unrest, etc. percent payroll tax on all employee wages, beginning January 1, 2022.

Washington 64

Washington Taxes Idaho Oregon 64

PYMNTS

SEPTEMBER 12, 2019

A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly. Nearly all (96 percent) had plans to use cloud-based KYC in the next five years.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

MARCH 2, 2020

Forty percent of small businesses that secured a loan used the funding for day-to-day spending , a report from the U.K. For the small businesses that obtained a loan in the last quarter of 2019, less than one-quarter used the money to invest in new equipment, while even fewer used the loan to expand their business or recruit new talent.

Payments 143

Payments Report Training Regulation 143

PYMNTS

FEBRUARY 27, 2020

27) that on-demand food delivery firm DoorDash has filed yet-to-be-made-public documents with the Securities and Exchange Commission – known as a confidential S-1 – to undertake an initial public offering (IPO) may prompt a bit of head-scratching. In this market? News that emerged on Thursday (Feb. In our mind, this is an interesting point.

Capital 151

Capital Millennials Marketing Taxes 151

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S.

Payments 201

Payments Cards Operations System 201

PYMNTS

MAY 16, 2019

The gig economy has operated — and thrived — in a gray area. This means these workers won’t qualify for the federal minimum wage or overtime, and will be responsible for their share of Social Security taxes. In the April 2019 Gig Economy Index , PYMNTS analyzed the current state of the gig economy.

Study 191

Study Payments Taxes Survey 191

PYMNTS

MARCH 12, 2019

Yet open banking also raises questions and concerns about the security and privacy of that customer data as it moves between platforms. Holistic services offer the ability to gain visibility into cash flows and identify upcoming gaps, or to forecast which customers are likely to pay their invoices late, or notify when payroll taxes are due.

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

NOVEMBER 19, 2018

According to reports from last week, it seems Western Union and FLEETCOR are rapidly approaching an agreement to sell WU’s business payments operations to the fleet payments firm. FLEETCOR, for its part, has affirmed its continuing interest in using M&A to grow its operations. “I The rollout will continue throughout 2019.

Data 122

Data Cards Taxes Payments 122

TrustBank

DECEMBER 8, 2022

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. From 1990-2019, US personal saving began to trend lower, averaging only 6.4% What’s left is an estimate of personal savings. over that 30-year period.

US 52

US Policies Taxes Washington 52

PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. The expenses include a pre-tax charge of approximately $2.4 Total expenses associated with the branch closures are anticipated to be approximately $24.5

Puerto Rico 52

Puerto Rico New York Metro Community 52

Abrigo

MAY 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. trillion between 2019 and 2022. At the same time, 59% pursued credit to meet operating expenses. Small business financing by merchant cash advance providers was as much as $19 billion in 2019, the CFPB figures.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. trillion between 2019 and 2022. At the same time, 59% pursued credit to meet operating expenses. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success. The market surged to as high as $2.4

Lending 244

Lending St. Louis Community Marketing 244

CB Insights

DECEMBER 15, 2020

Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. 2019 represented a record year for asset and wealth management M&A deals. 24 Industries & Technologies That Will Shape The Post-Virus World. First name. Company Name. Phone number. Source: Bloomberg.

Management 87

Management Fintech Industry Trends 87

Abrigo

JUNE 4, 2019

There are three different CECL effective dates, depending on an institution’s characteristics: PBE that is an SEC filer: December 15, 2019. The sum of these differences (net of applicable income taxes) is the “cumulative-effect adjustment” as of the effective date of the new credit losses standard. the incurred loss method).

Policies 188

Policies Capital Report FDIC 188

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

FICO

JUNE 16, 2022

Tue, 07/23/2019 - 04:13. Omnichannel two-way digital dialogue was largely unproven in collections’ operations. Increasing inflation, interest rates and income tax are also at 40-year highs. itelna Modernizes Operations With Debt Collection Optimization. by Bruce Curry. expand_less Back To Top. Thu, 06/16/2022 - 15:20.

Meeting 52

Meeting Analytics Strategy Data 52

Independent Banker

FEBRUARY 24, 2015

tax-equivalent yield, 2.) percent coupon, maturing June 20, 2019. Jim Reber ( jreber@icbasecurities.com ) is president and CEO of ICBA Securities, ICBA’s institutional fixed-income broker/dealer for community banks. General Industry Insight Institutional Investing Operations & Management Portfolio Management Viewpoints'

Management 70

Management Community Bank Community Comparison 70

PYMNTS

OCTOBER 14, 2019

Drivers who couldn’t afford to buy a medallion of their own drove for taxi operators as independent contractors, with the companies dictating the terms of their deal. They want tools to help track their expenses and manage tax payments for the work they perform. Workers like the security of working for those kinds of businesses, too.

San Francisco 178

San Francisco New York Study Industry 178

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

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

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