PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

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. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

FEBRUARY 1, 2021

While payroll may appear to be among the least volatile areas of capital outflows, there are plenty of factors that cause fluctuations in how much money is issued to employees — and when and how they get paid. That whole process is time-consuming and difficult, and ripe for a bunch of errors," he said. Cash Flow Implications.

Strategy 247

Strategy Taxes Management Trends 247

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. This is a really seismic shift.”. We've gone from [trade + 5 days to settle, to trade + 2 days].

blockchain 193

blockchain Bitcoin Regulation System 193

PYMNTS

JUNE 15, 2018

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”.

Report 100

Report FDIC US Big Data 100

PYMNTS

NOVEMBER 11, 2019

Hong Kong’s new regulations and supervision on digital assets transactions validates the importance of blockchain technology and digital assets, which is good news for the whole industry,” Cai said in a speech at the World Blockchain Summit in Wuzhen, China.

blockchain 109

blockchain Bitcoin Capital Taxes 109

PYMNTS

DECEMBER 2, 2016

We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. The company announced a $650,000 funding round led by Kae Capital and Khosla Impact.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. ” What is clear, though, is that demand for T&E technologies is on the rise.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

NOVEMBER 12, 2019

The blueprint for the proposed digital currency seems to offer Beijing extraordinary supervision over the flow of money, giving regulators economic control that most central banks do not have. “We I think you will see it very soon, in the next maybe two to three months,” Lee told CNBC at the FinTech Festival on Monday (Nov 11).

Bitcoin 101

Bitcoin cryptocurrency blockchain Conference 101

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 20, 2017

Malibu, California-based Crypto calls itself “one of the first publicly traded technology companies” providing investors with “responsible access” to digital currencies and blockchain. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital.”. The company has a valuation of $11.9

Bitcoin 101

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PYMNTS

NOVEMBER 19, 2019

Ant Financial produced a pre-tax profit in the neighborhood of around $200 million, according to Alibaba’s yearly report. billion) in capital and local control. In addition, there will be another three available for wholesale banks, which foreign firms can run and the capital threshold is S$100 million. billion ($1.1

Digital Banking 101

Digital Banking Capital Taxes Groups 101

Bank Innovation

MAY 11, 2017

understand that 1) massive amounts of European capital flow to the U.S. every year in the form of digital and technological consumer goods and services, 2) huge amounts of European citizens’ data now sits on U.S. understand that 1) massive amounts of European capital flow to the U.S. So is PSD2 about payments or a U.S. — E.U.

Regulation 252

Regulation Regional Apple America 252

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. The challenge for community bankers is to match the experience of the challenger banks and fintechs that are utilizing technology to differentiate. No two markets are created equal.

Lending 78

Lending Community Bank Community Strategy 78

PYMNTS

JUNE 25, 2018

However, for many financial services firms, RegTech’s (Regulatory Technology) potential is limited by any number of causes. Among those factors: the cultural hallmarks of the organizations adopting such technologies. But without the marriage of technology and talent, he said, such efforts amount to a farce.

Risk Management 167

Risk Management Strategy Management Compliance 167

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. Look at technology companies. It shows the pre-tax profit as a percent of the loan portfolios measured. Anxiety, anxiety, anxiety.

Lending 60

Lending Regulation Community Community Bank 60

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. Even after redoing this certification, borrowers may then still be declined on the same application due to another incorrect validation rule (for instance, an Applicant Tax ID issue),” the letter said.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227

US Cyber Security Security National 227

PYMNTS

JANUARY 10, 2018

Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. The publication said recent financial reports from the firm say it has $429,000 in available cash; bitcoin mining technology could cost millions.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 141

Data Payments Regulation System 141

PYMNTS

MAY 18, 2018

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. Endeavour Catalyst and Satya Capital also participated. This week, the firm revealed $27 million raised by Atlas Venture, Khosla Ventures and Top Tier Capital Partners. Small Business Banking. The company raised $47.5

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

JANUARY 22, 2020

As for the mechanics: An “account aggregator” system is being created by banks, and will be regulated and licensed by the central bank. The business of an account aggregator will be entirely information technology (IT)-driven,” notes the document, which also states that no other business can be conducted by the aggregator.

Data 132

Data Regulation System Taxes 132

PYMNTS

SEPTEMBER 18, 2019

In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions. On the friend side of that, they have the ability to help banks with technology.”.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

JANUARY 4, 2019

Part of the problem is a law in India stating that about a third of the money raised from angel investors must be paid as tax. Innovative startups working on emerging technologies, such as AI, require patient capital,” he said. Kolla said this basically took the wind out of the early startup game.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

JULY 9, 2018

It’s been just a few weeks since the General Data Protection Regulation (GDPR) took effect — and speed bumps remain. On a country-specific basis, Thailand last week said it debuted regulations on digital tokens, slated to take effect a week from now on July 16. Thailand And The Digital Token Debate.

cryptocurrency 101

cryptocurrency Regulation blockchain Data 101

PYMNTS

JUNE 27, 2019

At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.

Capital 145

Capital Community Oklahoma Maine 145

PYMNTS

JULY 18, 2017

Because while the technology available to the self-employed is more sophisticated than it’s ever been, there’s still one massive hurdle the industry needs to overcome. “I And while SMEs are awaiting tax reform, this area also makes the U.S. I think most people still aren’t using a product like FreshBooks,” he recently told PYMNTS. “One,

Software 109

Software Taxes Capital Policies 109

PYMNTS

APRIL 16, 2019

It also introduces updated requirements, in line with post ‘07-’09 financial crisis levels, for liquidity and capital. Parliament also passed protection for whistleblowers who bring crimes like tax evasion to light. The TIPS system, which was launched in 2018, is a challenge to payment companies and technology players such as PayPal.

System 116

System Taxes Regional Google 116

PYMNTS

OCTOBER 19, 2016

According to EIU and Deutsche, these professionals also cite heightened financial regulations as having a significant impact on their professional lives, with 40 percent expecting their workload to increase as a result. Low interest rates aren’t the only factor when it comes to how treasurers and CFOs prioritize their time.

Survey 100

Survey Regulation Strategy Management 100

PYMNTS

FEBRUARY 19, 2018

As a result of the relative lag in technology adoption, organizations are less adept at getting all the information they need to streamline those supplier relationships, such as tax information or other crucial items that he said “cry for information … it’s a very risky process to pay the wrong people.”.

Management 129

Management Taxes Resources Payments 129

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. Requirements. Here, the amendment does provide the Secretary and FinCEN with its typical discretion.

United States 78

United States Taxes Regulation Compliance 78

Jeff For Banks

MARCH 5, 2021

According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points. Another challenge is imposed by the very government that tries to assist LMI households: regulation. Since a bank can't cut regulation, they trim their branch network to lower those costs.

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Regulation Indiana Charlotte Community Bank 78

PYMNTS

JUNE 8, 2016

That includes disruptive technologies. Those bodies can then issue mandates for corporations to submit and exchange invoices electronically, for tax purposes. “The time is right to critically question the use of traditional models and shift to disruptive technologies,” Koch declared. A Faster Way.

America 100

America Taxes Tools National 100

PYMNTS

SEPTEMBER 23, 2016

The service, which exists in 34,000 cities world-wide, it has faced opposition from hoteliers, local governments and neighborhood associations over taxes and safety regulations. At $30 billion, Airbnb is the fourth-most valuable venture-backed tech company in the world, after ride-hailing services Uber Technologies Inc.

Google 100

Google Taxes Strategy Capital 100

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA.

Risk Management 134

Risk Management Survey Management Fintech 134