PYMNTS

JANUARY 1, 2021

The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers. Preventing Financial Crimes.

Trends 259

Trends Video Retail Payments 259

PYMNTS

DECEMBER 27, 2020

As 2020 sunsets, we’ve seen all manner of listings, including previously less-prevalent ones that, in a year like no other, outperformed traditional initial public offerings in terms of dollars raised. As estimated by SPAC Research , 248 SPACs went public in 2020, raising $81 billion. There’s nothing new under the sun, goes the saying.

New York 270

New York US Examples Training 270

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Payments Flash-Forward: Why December 2020 Will Be One To Remember. The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

OCTOBER 23, 2020

The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says. The release says almost 10,000 people have started using Lili since it launched, but average spending per customer has more than doubled in 2020, the release says.

Capital 170

Capital Leadership Taxes Google 170

MyBankTracker

AUGUST 12, 2020

Personal Capital is an online wealth management concept that started in 2009. Today, Personal Capital offers two sets of tools depending on whether you pay for their services or not. Personal Capital provides a paid wealth management service for those with $100,000 or more in investable assets. This is done securely.

Tools 52

Tools Capital Management Taxes 52

PYMNTS

JUNE 12, 2019

Consumer tax solutions provider H&R Block is ramping up its position in the small business financial services market with the takeover of Wave. H&R Block expects the takeover to generate as much as $45 million in revenue for the fiscal 2020 year. The deal was reached for $405 million in cash.

Taxes 161

Taxes User Experience National Strategy 161

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The country’s “Digital Belgium” initiative is an ongoing effort to bring Belgium into the digital top three of the European Digital Economy and Society Index by the year 2020.

Capital 100

Capital Regional Innovation Fintech 100

BankBazaar

AUGUST 28, 2020

In effect, you will be earning or losing off the gold market wave in relation to price. While interest received on gold bonds are subject to tax, the capital gains tax on redemption of SGBs (if held till maturity) are tax exempt; a clear benefit over physical gold. Secondary Market Scope. Tax Implications.

Taxes 78

Taxes Capital Comparison Examples 78

PYMNTS

DECEMBER 11, 2020

They're also tasked with choosing the best route to obtaining working capital as the number of options grows. From traditional bank loans to alternative financing to other sources of capital like PPP loans , there are many options today, said Puskar. Right now, we've been taking a look at 2018 and 2019 tax returns.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

SEPTEMBER 4, 2018

One of the largest points of friction, he said, is tax compliance. “A A lot of people — particularly in the one-to-100 market segment — are doing this stuff using pen and paper,” he said, “and, as a result, racking up fines and penalties for calculating their payroll taxes wrong.”.

Tools 100

Tools Taxes Software Management 100

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Less than $300 million.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

AUGUST 14, 2019

An additional $10 million was also raised from Nigerian commercial banks, earmarked for working capital. Those new countries will be decided by the first quarter of 2020, Kobo360’s CEO and Co-founder Obi Ozor told the news outlet. The funding will be used for platform improvements and expansion efforts to an additional 10 countries.

Capital 108

Capital Taxes Policies System 108

PYMNTS

JANUARY 22, 2020

With India’s tech startup community already off to a promising 2020, investors appear eager to build upon a new track record of high-value, high-volume funding. Similarly, small business credit cards can offer convenient access to capital but often at a high price, said Gupta. Funding Dead-Ends. Mixing the Right Funding Combination.

Capital 169

Capital Strategy Community Taxes 169

PYMNTS

NOVEMBER 5, 2020

In international markets, according to the data, regional recoveries meant that seller GPV grew 46 percent year over year and represented 11 percent of total seller GPV up from six percent two years ago. “In In the third quarter, we sold more than 70% of our NFC hardware in international markets to sellers new to Square,” said the firm.

Cards 158

Cards Conference Bitcoin Taxes 158

PYMNTS

JANUARY 13, 2021

At the start of 2020, chief financial officers and their finance teams were going about business as normal, developing forecasts on a yearly or periodic basis. According to Prophix CEO Alok Ajmera , it wasn't just those 2020 forecasts that were abandoned by finance leaders. Such was the status quo headed into 2020.

Strategy 141

Strategy Data Tools Examples 141

Abrigo

SEPTEMBER 1, 2021

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . With this in mind, Financial Institutions should be aware of transactions involving China that are at or near the Capital Flight Restriction (50,000.00

Training 195

Training Regulation Community Austin 195

Independent Banker

JANUARY 31, 2022

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank.

Texas 182

Texas San Antonio Community Bank Community 182

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. you get paid some market-clearing interest rate to loan out assets like Bitcoin, which someone is borrowing for a trading or hedging purpose. Nothing like some good old financial engineering to lever up a small market! Happy holidays, good people!

blockchain 52

blockchain Bitcoin Software Lending 52

BankBazaar

JUNE 18, 2020

If your tax slab is 30%, your FD returns will be taxed to that extent, unless you’re a senior citizen eligible for certain income tax bene?ts after income tax and that is your e?ective ective post-tax return (refer to Table 2). higher per annum post tax than ?xed ts on this front.

Management 78

Management Taxes Examples Capital 78

Abrigo

JUNE 29, 2022

Both payments and higher prices had helped ag producers in 2020 and 2021 generate their highest levels of net farm income since 2013. billion in 2020, according to the USDA farm sector outlook. were more than one-tenth of gross cash farm income in 2020. Property taxes/fees: 1.4% Estimated net farm income was $119.1

Kansas City 195

Kansas City Kansas Lending Oklahoma 195

PYMNTS

JULY 15, 2020

It points out that the mall sector has lost around 48 percent in market capitalization since January 2020. After an okay 2018 fueled by tax reform… the sector continued to grapple with secular sales challenges, including weak mall traffic and channel shifts to off-price and pure-play online retailers.

Groups 153

Groups Branding Retail Taxes 153

Jeff For Banks

NOVEMBER 4, 2022

Source: S&P Capital IQ for Banks-Savings Banks and Credit Unions between $1B-$10B in total assets. Credit Unions held an edge in the Cost of Interest-Bearing Liabilities until 2020 when their cost eclipsed that of Banks-SBs. Even though they pay no federal corporate income taxes? In some cases, their only form of capital.

Operations 78

Operations Analysis Capital Community 78

BankUnderground

JULY 29, 2020

Guerrieri, Lorenzoni, Straub and Werning (2020) argue that while the lockdown is originally an (inflationary) negative supply shock because it keeps certain types of business from operating, the balance of the effects can resemble a (deflationary) demand shock under two conditions. Real Flow Variables (Goods Demand and Supply).

Policies 106

Policies Lending System Tools 106

BankUnderground

AUGUST 30, 2023

Some broad measures suggest increasing profits, but conflate market and non-market sector dynamics and omit important corporate costs. This decline has not been uniform across firms, however: firms with higher market power have been better able to increase their margins; others have experienced large declines.

Capital 57

Capital Comparison Maine Industry 57

PYMNTS

JANUARY 30, 2020

Credit growth was better than last year and debit growth slowed slightly due to lapping tax reform, which had a positive impact on debit growth through all of last year. Visa Direct, said Kelly, has served B2B and small business transactions with over 700 million transactions in the fiscal first quarter of 2020. “We

Payments 229

Payments Conference Cards United States 229

PYMNTS

APRIL 12, 2019

The eCommerce company further announced it has expanded its grocery pickup to Whole Foods Market to Columbus, Ohio — bringing the total number of pickup markets to 30. billion on 500 remodels in 2018 — more than a fifth of the retailer’s total capital expenditure of $10.3 2: People in Glass Houses Should Pay Taxes.

Taxes 100

Taxes Retail Columbus Operations 100

PYMNTS

JANUARY 24, 2020

economy to slow down in 2020, although they continue to view the current state of the economy as “good.”. For SMBs in need of short-term labor for a marketing project or equipment installation, gig workers can be immensely beneficial, he said. Among the largest is the friction SMB owners face when seeking capital.

Survey 130

Survey System Capital Management 130

PYMNTS

OCTOBER 10, 2017

Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas. Developing markets are driving this growth, too. percent between 2015 and 2020 — significantly lower than the 11.2

Payments 124

Payments Regional America Trends 124

CB Insights

DECEMBER 15, 2020

Despite the pandemic, 2020 has been a record year for wealth tech companies. These companies differentiate themselves from traditional human advisors with lower fees, 24-hour automated support, portfolio rebalancing, and tax optimization, which can translate to higher returns for investors in the long run. First name. Company Name.

Management 87

Management Fintech Industry Trends 87

BankUnderground

NOVEMBER 16, 2023

Company accounts provide a window into how profits have evolved Large companies that are listed on the stock market publish company accounts at regular intervals, which give a summary of their operating performance. The profit measure we use is earnings before interest and taxes (EBIT), which is a standard accounting measure.

Company 108

Company Trends Policies Taxes 108

MyBankTracker

JULY 31, 2020

Money market funds and accounts. A money market is an investment by the issuer in a basket of short-term, interest-bearing securities. Most commonly, money markets are comprised of short-term U.S. The principal value of a money market investment is typically stable, though it isn’t guaranteed by the issuer.

Taxes 52

Taxes Security Marketing FDIC 52

PYMNTS

FEBRUARY 14, 2018

“As of year-end, we had over $1 billion of committed funding debt capacity, providing over $320 million of excess funding capacity with maturities on our credit facilities laddered through 2020.”. Although our market remains competitive, we believe steps we have taken will position us to win.”.

Taxes 101

Taxes Lending Risk Management Report 101

Gonzobanker

JUNE 16, 2022

In 2020, Aspiration initiated two new programs: Plant Your Change , which plants a tree for every purchase by rounding up to the nearest dollar, and Planet Protection , which makes Aspiration customers’ driving carbon neutral by calculating off their debit card gas purchases. It’s not an apples-to-apples comparison. That’s a one-way street.

Fintech 146

Fintech Apple Cards Data 146

PopularBank

DECEMBER 22, 2020

Throughout 2020, we saw erratic global market behavior as investors reacted to economic downturn and speculation. Consider your tax planning for 2021. Experts continue to anticipate the Biden administration to engage Congress to enact new tax legislation in 2021. Here are some thoughts for consideration.

Taxes 52

Taxes Policies Leadership Industry 52

Lex Sokolin

JANUARY 7, 2021

Bitcoin has never been more valuable, hitting $34,000 and $630 billion in market capitalization. Ethereum has never been more functional and economic, and flying 10x since its lows back to $1,000, over $100 billion in market cap. $15 a spike to 15% during the lockdown of 2020. Crypto feasts on this capital appreciation?—?as

Bitcoin 52

Bitcoin Capital US Marketing 52

Lex Sokolin

JANUARY 7, 2021

Bitcoin has never been more valuable, hitting $34,000 and $630 billion in market capitalization. Ethereum has never been more functional and economic, and flying 10x since its lows back to $1,000, over $100 billion in market cap. $15 a spike to 15% during the lockdown of 2020. Crypto feasts on this capital appreciation?—?as

Bitcoin 52

Bitcoin Capital US Marketing 52

PYMNTS

JANUARY 22, 2020

India is on the verge of passing a data protection law in 2020 that, in some respects, mirrors – and may help inform – other initiatives around the globe. And, as has been seen in other open banking efforts, end users who download and log into apps will see a broad swathe of financial data in one place, spanning bills, taxes and spending.

Data 141

Data Payments Regulation System 141