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What is TRACE Reporting? (Part 1 of 6)

Perficient

debt market, the Financial Industry Regulatory Authority (FINRA) developed the Trade Reporting and Compliance Engine (TRACE) in 2002 to facilitate the mandatory reporting of OTC bond transactions in eligible fixed-income securities. Treasury Securities to TRACE. To promote transparency in the large U.S.

Report 294
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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

Digital identification technology continues to advance, bringing both benefits and drawbacks. The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. Blockchain-Based Security Methods.

Security 129
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PayU Taps Feedzai To Protect Its LATAM Payment Networks

PYMNTS

The move comes after a successful initial launch of the new system in Europe, the Middle East and Africa by PayU, which was founded in the Netherlands in 2002. PayU’s various online platforms currently process over 6 million transactions “and generate billions of data points” daily, Tomso said in the press release announcing the move.

Payments 131
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Wirecard’s Former CEO Markus Braun Arrested

PYMNTS

The 50-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers, the Financial Times reported. billion euros ($2.1 billion), prosecutors confirmed on Tuesday. billion euros ($2.1

Fraud 318
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Accounting Background No Longer Needed For CFO Jobs

PYMNTS

After the 2002 Sarbanes-Oxley Act, companies would pick chief accounting officers as finance chiefs. That work is also changing as technology takes accountants from number-crunchers to strategic advisors. He has a background in debt and equity securities, but he isn’t an accountant.

Strategy 144
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simPRO Taps Square To Power Field Service Payments

PYMNTS

“Processing payments and managing transactions is an important part of the field service workflow,” Jonathan Eastgate, simPRO chief technology officer, said in the release. “By Founded in 2002, simPRO secured $31 million in growth capital in 2016 as part of an aggressive product innovation and expansion strategy.

Payments 100
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)