FICO

MARCH 16, 2018

Social Network Analysis (SNA) tools hold the potential to help tax and revenue agencies identify non-compliance and tax fraud. These tools have been proven to be effective in fraud detection¹, but to date haven’t been utilized to any large degree at tax agencies. Opportunities for Tax Agencies. Conclusion.

Analysis 45

Analysis Taxes Fraud Compliance 45

PYMNTS

MARCH 4, 2020

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders.

Data 260

Data Taxes Analytics Resources 260

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. Data analytics plays a role here, termed by Zalewski as “the often-forgotten side of [insurance] payments.”.

Taxes 101

Taxes Payments social media Policies 101

Abrigo

SEPTEMBER 19, 2016

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150

Taxes Compliance eBook Resources 150

Cisco

APRIL 26, 2022

Those opportunities will rely on data and analytics for real-time decision making. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services. trillion by 2025, growing at a CAGR of 16.9%. Customer Value.

Big Data 143

Big Data Data Analytics Examples 143

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Analytics will be the new black. Analytics will be the new black. Of course, as an analytics provider, we would say that. Analytics clearly provide a better quality of outcome, but that’s not their only advantage. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

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. Detection and Alert Handling.

Compliance 40

Compliance Regulation Taxes Analytics 40

Abrigo

JANUARY 18, 2016

How an electronic tax return reader provides more time for advisory services As accountants and their staff scramble to complete client W-2s and 1099s to meet other deadlines related to the start of tax season, it’s hard to see an end to the crazy schedules.

Taxes 150

Taxes Meeting Analysis Data 150

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. For where there are reimbursement considerations, compliance issues are close at hand. Lackey related to PYMNTS that a number of inputs go into calculating the standard rate, including fixed costs such as insurance, registration fees and taxes. Compliance Concerns.

Compliance 148

Compliance San Francisco Operations Taxes 148

FICO

NOVEMBER 15, 2022

FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance. FICO Admin.

South Carolina 52

South Carolina Compliance Analytics Software 52

PYMNTS

FEBRUARY 5, 2018

Analysts at CBIZ noted that SMBs will have to wait to feel any meaningful impact from tax reform, and with the economy growing, the nation is close to full employment. But a more holistic look at analysis of small business hiring finds cause for optimism, especially as SMBs prepare to benefit from tax reform.

Taxes 101

Taxes Analytics Data Analysis 101

PYMNTS

SEPTEMBER 4, 2018

Payroll is a popular target for FinTech innovators looking to add automation, data analytics and other technologies into the process for more accurate, faster, digital payroll. One of the largest points of friction, he said, is tax compliance. “A

Tools 100

Tools Taxes Software Management 100

PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). “In retrospect, it was a big mistake.

Capital 154

Capital Taxes Software Data 154

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Data analytics : Machine learning can discern patterns often overlooked by human oversight. Establish a consumer risk assessment procedure that factors in the likelihood of first-party fraud in consumer accounts.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

SEPTEMBER 20, 2017

ctrl is a cloud-based platform providing accounting, payroll and analytics solutions for Canadian SMBs. Compliance and accounting are commonly viewed as obligations that businesses prefer to complete in the most efficient and smooth way possible,” said Deloitte private audit partner Mark Wayland in another statement. “By

Compliance 108

Compliance Taxes Analytics Management 108

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator. Reg & Risk: Still Showing Up For Surprise Quizzes.

Fintech 184

Fintech Lending Software Compliance 184

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. The role of BSA staff was typical compliance and very task-oriented. BSA teams began hiring for skill sets that included analytical and investigative thinking. soil. .

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ?

Taxes 191

Taxes Survey Technology Comparison 191

FICO

DECEMBER 12, 2017

A holistic approach would have one customer risk classification used that would consider any available information, whether that comes from a fraud system, the CISO’s system or a compliance system. Today’s detection seems to be too static, with fairly basic analytics and an over-reliance on rules. Automate the Search for Tax Evasion.

Compliance 55

Compliance Taxes Fraud Trends 55

PYMNTS

OCTOBER 17, 2016

From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. The first is to reduce costs; the second is to gain great analytics capabilities. Technology has the power to help a business rise up from the competition.

Technology 100

Technology Analytics Survey Data 100

FICO

AUGUST 6, 2018

Expenses Abuse Gets Media and Tax Payers In A Froth. Recent news articles out of Ohio ( $4 beer dings Butler County Visitors Bureau in state audit ) highlights the reputational risks that can impact an organization when it fails to monitor spending for non-compliance or expenses abuse. That is why automated analytics are needed.

Analytics 45

Analytics Guidelines Policies Taxes 45

Abrigo

DECEMBER 31, 2014

Distribute the list by email or in person to each client when you present their financials or tax returns. Compliance-related workloads keep many accountants busy enough that they find it difficult to focus on offering higher-value-added services to clients, such as business planning, business strategy and business analytics.

Meeting 207

Meeting Strategy Examples Industry 207

Abrigo

OCTOBER 13, 2016

For example, respondents in Xero’s recent survey mostly considered accountants as analytical, intelligent and having strong business skills. Hamilton believes businesses need accountants to go beyond traditional compliance-focused services and provide input that owners make better decisions based on their financial information.

Strategy 150

Strategy Survey Taxes Analytics 150

CB Insights

OCTOBER 21, 2018

Credit Score & Analytics. Regulatory & Compliance. Credit Score & Analytics. Credit Score & Analytics. Credit Score & Analytics. Credit Score & Analytics. Credit Score & Analytics. Credit Score & Analytics. Credit Score & Analytics. Canopy Tax.

Fintech 78

Fintech Lending Capital Analytics 78

FICO

FEBRUARY 27, 2019

Silicon Valley analytics firm FICO recently conducted a survey with regional banks and found that more than 90 percent of them fear they or their peers, may risk inadvertently facilitating the next money laundering scandal. Respondents had a difference of opinion on the most effective way to increase money laundering compliance.

Compliance 45

Compliance Regional Survey Analytics 45

FICO

SEPTEMBER 14, 2017

Reduced communication results in lower compliance and an increase in downstream problems. This results in increased compliance and a decrease in inbound phone calls. Let’s look at just one application of automated communication for governments, the collections of taxes: Example: Tax Collection. Customer Service.

Taxes 61

Taxes Compliance US Analytics 61

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. PingPong’s business model, he said, is to handle payments for them and also to help develop compliance and risk frameworks.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

OCTOBER 10, 2018

According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance. ” He added that financial institutions must explore more innovative ways to mitigate risk, ensure compliance and combat fraud, without compromising the customer experience.

Fraud 116

Fraud Compliance Innovation Payments 116

PYMNTS

NOVEMBER 11, 2016

Airport billboards and tourist brochures would seem to be a rather crude way to reach tourists in the age of smartphones and digital marketing analytics. When dealing with cross-border, you’re dealing with tax jurisdictions as well,” he said. It’s not just PCI compliance. Maybe the two [businesses] should get together.”.

Taxes 115

Taxes Cards Analytics Payments 115

Abrigo

NOVEMBER 13, 2014

Let’s face it: business owners need accountants for more than taxes alone. • Business analytics. But the reality is that many accountants’ compliance-related workloads keep them busy enough (or too busy) that they don’t make time to focus on higher-value-added services. • Business strategy.

Technology 220

Technology Strategy Data Report 220

FICO

JANUARY 22, 2020

Banks will need to move beyond passwords and OTPs and add biometrics, device telemetry and customer behavior analytics to keep up with the changing payments landscape. AI can’t slow down the clock, but it can help create systems that are radically quicker to recognize a transaction that smells likely to be fraudulent.

Survey 52

Survey Fraud Payments Regional 52

PYMNTS

DECEMBER 18, 2018

“The accounting profession is rapidly transitioning from compliance to trusted advisor ,” he said in a recent interview, “and these tools will allow them to develop foresight with the client, rather than reporting only on what has happened after the fact — hindsight.”

Management 134

Management Fintech Tools Technology 134

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. Companies here complement existing compliance, audit, and risk workflows, and/or leverage technology to automate workflows. Regulatory tech.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

SEPTEMBER 20, 2016

These professionals, Tucker added, can provide expertise in fraud detection, compliance, data analytics, technology strategy and line-of-business advice. One example of how accountants feel about how they spend their time is the finding that half of finance and accounting teams said their volume of work is “overly taxing.”

Survey 100

Survey Fraud Strategy Examples 100