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

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

FEBRUARY 1, 2021

Automatically looping information across various financial platforms — including accounts payable (AP), accounts receivable (AR) and expenses — is critical to achieving a real-time view of cash positions and developing more accurate forecasts. Data integration is climbing to the top of chief financial officers' priority lists.

Strategy 247

Strategy Taxes Management Trends 247

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.

Analysis 45

Analysis Taxes Fraud Compliance 45

Abrigo

FEBRUARY 5, 2021

3 asked the Small Business Administration (SBA) to address quickly “significant operational, system and communication challenges,” including applications being erroneously denied due to validation checks in place this round. It also said it was providing more information to local and district SBA staff on the review and resolution processes.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. “Each bank has a different way of presenting information back to you,” he explained.

Taxes 131

Taxes Compliance Payments Data 131

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Modernizing the ERP. Disruption Ahead.

Data 260

Data Taxes Analytics Resources 260

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Electronic Tax Return Reader (ETRR). Stress Testing By automating business loan operations with the products listed, banks and credit unions are able to make good loans faster and minimize risk. Loan Decisioning.

Software 150

Software Report United States Compliance 150

PYMNTS

SEPTEMBER 17, 2020

Bad habits of saving important documents any old place, and assuming you and coworkers can easily find them later, rarely flies in industries where compliance is key.". I would say this metadata inside the document is all you need," but getting access to that information requires manual input," he explained. "So,

Compliance 157

Compliance Taxes Industry Data 157

PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

PYMNTS

DECEMBER 2, 2019

million tax-exempt groups active in the U.S., These organizations need to demonstrate to donors and community members that donations were spent appropriately to retain tax-exempt statuses and encourage future donations. . There are approximately 1.56 The agency found these nonprofits generated $2.5 trillion in revenues and $2.4

Management 141

Management Taxes Groups Regulation 141

PYMNTS

NOVEMBER 13, 2020

Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. Lugard Road Capital led a $32 million funding round for product information management company inRiver , reports recently revealed. and Hong Kong.

Capital 229

Capital Cards Fintech Payments 229

Abrigo

JANUARY 14, 2021

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Additional Compliance Checks Required.

Fraud 195

Fraud Compliance Community Trends 195

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

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

PYMNTS

NOVEMBER 16, 2017

And the team got another crash course in tax compliance after the first year, when a lack of planning left them scrambling at tax season to hunt down information and vendors — some of whom had since gone out of business. It was a nice crash course early on,” Wu said. It just took a while to find the right one.

Taxes 115

Taxes Compliance Course Payments 115

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Screen scraping data quickly becomes passe, and the state-of-the-art is leveraging APIs to better integrate.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. BitRail doesn’t yet operate in the B2B payments space. ”

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

Abrigo

SEPTEMBER 1, 2021

financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . Financial Institutions should continue to monitor advisories and other communications from FinCEN for additional information regarding DTOs, including how to meet regulatory obligations. .

Training 195

Training Regulation Community Austin 195

CFPB Monitor

APRIL 28, 2022

In 2005, the federal prudential regulators—including the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC)—issued Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice.

Report 147

Report FDIC Regulation Security 147

Abrigo

MARCH 3, 2015

Offering advisory services like valuation engagements or calculations of value can also provide new options for tax accounting firms to spread work and revenue throughout the year so they can address challenges related to workload compression. How many business owners do you know who wouldn’t want this type of information?

Taxes 150

Taxes Compliance Strategy Report 150

Abrigo

JULY 17, 2017

Shimamoto is leading a Sageworks webinar on July 20, “ Expanding Your Firm’s Advisory Services ,” to share information about commonly used professional frameworks for providing advisory services. He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession.

Honolulu 150

Honolulu Taxes eBook Leadership 150

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

JANUARY 14, 2019

Part of that disparity has to do with the bifurcation between formal and informal economies. As Nazir told Webster, “Many people do not realize how big the informal sector is in our part of the world. He also cautioned that those who participate in the informal economy may not necessarily be poor.

Mobile 212

Mobile social media Taxes Technology 212

PYMNTS

MAY 26, 2016

The invoice processing solutions are integrated with Tipalti’s supplier onboarding and management tools, as well as payments, tax compliance and financial reporting capabilities, the company added. The new AP platform uses that information to provide real-time payment and financial reporting.

Compliance 103

Compliance Tools Taxes Management 103

PYMNTS

FEBRUARY 5, 2020

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. Typically, McGuire stated, a firm operating only in the U.S. might take an Excel file out of a performance measurement system and upload the file to its bank. That starts to get expensive quickly,” he said.

Capital 152

Capital Taxes Compliance Payments 152

PYMNTS

SEPTEMBER 6, 2019

Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week. This information is aggregated over time, allowing business users to obtain trend analysis data on customer payment habits.

Fintech 155

Fintech Capital Lending Operations 155

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). What’s Changing. ” Lease Versus Buy. .

Management 115

Management Compliance Company Data 115

PYMNTS

APRIL 1, 2019

Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . Onboarding typically requires new employees to provide various kinds of personal information, such as names, addresses, work histories, education and certifications, among other details.

Payments 183

Payments Survey Online Company 183

PYMNTS

AUGUST 5, 2019

In a new PYMNTS discussion, Karen Webster and Zac Cohen, general manager at Trulioo , used that lawsuit as a stepping off point to talk about how criminals get past anti-money laundering and other laws designed to keep payments honest, and what above-the-board firms and operations can do to stop it. Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

Jeff For Banks

MARCH 27, 2022

Few have access to information at the line of business, product, or relationship level. Imagine, holding lenders accountable for the continuous pre-tax profit and ROE improvement of their loan book, like the table below. His top quartile branches in pre-tax profit should receive a greater bonus pool than his bottom quartile.

Montana 78

Montana Taxes Strategy Leadership 78

Bank Innovation

MAY 9, 2017

There is a need to provide the premium utilities (Data, Capital, Security, Compliance, Identity) and the platforms aggregate, assemble and deliver them. Fintechs and smaller players are creating the component parts of these solutions in the form of conventional products. To a degree.

Data 191

Data Trends Industry Examples 191

PYMNTS

MARCH 22, 2017

Coley, Regulatory & Compliance Principal and Former Fed Bank Examiner Dante Tosetti and Green Bits CEO Ben Curren. All panel members agreed that forcing a multi-billion-dollar-a-year vertical to operate in a cash-dominated, semi-black market when it comes to financial services is not sustainable — or smart.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

JULY 31, 2019

Many of the smaller firms contributing content or artwork – if able to receive payments 40 days earlier (while accepting a small discount on net amounts paid out) than might be seen with, say, 45-day terms – could take that accelerated funding and re-invest it into their operations to fund growth.

Payments 174

Payments Capital Data Examples 174

PYMNTS

MARCH 16, 2018

Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. One customer is on SAP, for example, and perhaps another firm is operating with QuickBooks.

blockchain 123

blockchain Bitcoin Course Examples 123

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131