PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. .

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe. The meeting also resulted in the Group of 20 finance ministers announcing they will work together to create common rules to close corporate tax loopholes.

Industry 190

Industry Big Data Fintech Taxes 190

Jeff For Banks

JULY 8, 2018

Rather than searching reputable sources for how this bank or that bank innovates, I thought I would give it to you straight from the gut. Because experience tells me that bankers are struggling with innovation. At its core, innovation should solve problems. Make innovation a bank wide call to arms. What's a banker to do?

Innovation 60

Innovation Resources Taxes Leadership 60

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. It is likely that regulators will soon ask banks to come up with a plan.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

APRIL 2, 2019

“We are finally seeing funds being poured back into innovative tech that can help self-employed people and small business owners with their finances,” said Coconut CEO and Co-Founder Sam O’Connor in a statement. The funds aim to inject competition into the U.K. banking sector.

Taxes 129

Taxes Metro Tools Regulation 129

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Countingup Teams Up On SMB Solutions. Faster Payments and BACS schemes.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

AUGUST 2, 2019

In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ). Those who do not comply will face penalties ranging from 100 to 500 Brazilian reais or from $25 to $130, according to Cointelegraph.

blockchain 148

blockchain Fraud Data Report 148

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. understand that 1) massive amounts of European capital flow to the U.S.

Regulation 252

Regulation Regional Apple America 252

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. Get adequate resources. Focus BSA/AML resources on risk.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

APRIL 18, 2019

“Making public blockchains secure and scalable is a priority for EY,” said Paul Brody, EY global innovation leader, blockchain, in a statement. The solution aims to help enterprises and investors to conduct private, secure transactions on a public blockchain.

blockchain 167

blockchain Security Tools Taxes 167

Abrigo

MARCH 3, 2023

Fraudsters will steal personal checks, business checks, tax refund checks, and checks related to government assistance programs. Introduction Check fraud is alive and well As we think about the evolution of banking and the innovative ways to move money, writing checks does not come to mind as a frequent transfer method.

Fraud 195

Fraud United States Trends Software 195

PYMNTS

OCTOBER 17, 2018

Blockchain company DMG Blockchain Solutions is rolling out a new supply chain management solution designed for the legal cannabis market. “The emerging cannabis industry demands product management solutions and blockchain is the most logical choice,” said DMG CEO Dan Reitzik in a statement.

blockchain 156

blockchain Compliance Management Bitcoin 156

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices.

Risk Management 195

Risk Management Examples social media Management 195

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. Many banks will park this liquidity in cash or short-term securities in an attempt to get ahead of higher required capital ratios that are likely forthcoming from regulators.

social media 195

social media FDIC Branding Management 195

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. Because APIs facilitate integration between two services, the technology allows FinTechs to innovate in their niche markets, rather than attempting to be a jack of all trades. “I

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

DECEMBER 12, 2019

The market’s early-stage growing pains, she said, reflect the unique struggles of a market driven by competition, not regulation. “My regulation is both a help and a hinderance. Competition, Not Regulation. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S.

Payments 181

Payments Regulation Marketing National 181

PYMNTS

FEBRUARY 1, 2021

Use cases are also developing among small- to mid-sized businesses seeking to improve their cash management practices, moving money between accounts within those firms. As Camporeale said, “smaller enterprises are quite interested also in instant payments for their own internal cash management.”.

Payments 250

Payments Cards Taxes System 250

PYMNTS

JUNE 4, 2019

“The fact that you have an employee on a two-week payment cycle is really the consequence of an employer wanting to manage cash flow.” Of all of the back-office financial operations of a small business, payroll is one that is evolving perhaps the most dramatically, and quickly. ”

Payments 143

Payments Data Taxes Industry 143

PYMNTS

NOVEMBER 29, 2018

According to Accenture analysis, corporate bank customers said they are seeking enhanced customer services and more innovative solutions — similar to the demands among consumers. There’s an influx of nimble, non-bank digital newcomers using Open Banking innovation to woo commercial firms from their traditional banks,” he said.

Survey 140

Survey Data Taxes Innovation 140

PYMNTS

FEBRUARY 19, 2018

In the B2B realm, the movement to get suppliers paid on time may become a struggle, mired as AP management is in the paper chase of manual effort. In the latest Topic TBD, Chen Amit, CEO of payables automation company Tipalti , told PYMNTS’ Karen Webster that automating the AP process lets management focus on, well, managing.

Management 129

Management Taxes Resources Payments 129

PYMNTS

OCTOBER 19, 2016

A new report by Deutsche Bank and the Economist Intelligence Unit (EIU) explored how financial managers are handling the changing winds of the economy and found that macroeconomic conditions are now top of mind as treasurers fight to grow their businesses.

Survey 100

Survey Regulation Strategy Management 100

PYMNTS

JANUARY 23, 2017

Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. And we’re not just talking about cyberattacks. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100

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 aggregators have duties as fiduciaries to manage consent. That’s no easy task, but the rewards – among them financial inclusion and innovation – will be considerable.

Data 141

Data Payments Regulation System 141

Abrigo

JULY 12, 2021

The review concluded that the revised FATF standards have fostered growth and innovation, while better protecting the international financial system. The report shines a light on corruption, tax fraud, drug trafficking, and labor trafficking as being linked to environmental crime. BSA Rules and Regulation. keep me informed.

Training 195

Training Policies United States Report 195

PYMNTS

MARCH 12, 2019

and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms? and Canada may nevertheless promote many of the same goals as intended by regulators in markets that have adopted open banking. But in jurisdictions like the U.S. ”

Data 184

Data Fintech Strategy Regulation 184

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 aggregators have duties as fiduciaries to manage consent. That’s no easy task, but the rewards – among them financial inclusion and innovation – will be considerable.

Data 132

Data Regulation System Taxes 132

PYMNTS

OCTOBER 23, 2019

The financial industry is stagnant, and there is no digital financial architecture to support the innovation we need. dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes. That means, as Zuckerberg said, “all” regulators.

cryptocurrency 100

cryptocurrency Payments Regulation Taxes 100

PYMNTS

OCTOBER 23, 2019

The financial industry is stagnant, and there is no digital financial architecture to support the innovation we need. dollar is an excellent currency as a means of accounts, and it serves all needs — except it’s really bad for tax evasion,” and a host of other crimes. That means, as Zuckerberg said, “all” regulators.

cryptocurrency 100

cryptocurrency Regulation Taxes Data 100

PYMNTS

MAY 9, 2017

To be sure, the directive, which allows banking customers across the consumer and corporate spectrum to choose third parties to assist with and manage financial activity, does not take effect until January 2018. Short for the Revised Payment Service Directive, PSD2 lifts banks’ total claim on customer account data and payment activities.

Data 135

Data Security social media Innovation 135

FICO

NOVEMBER 15, 2022

FICO has worked with them extensively, and their commitment to quality, innovation and customer service makes them an ideal home for Siron and the Siron team. TJ Horan is vice president of Product Management at FICO, leading the Solution Product Management team for Lifecycle Products. Read the news announcement. TJ Horan.

South Carolina 52

South Carolina Compliance Analytics Software 52