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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. financial services firms is $26.4

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BIS Warns About Corporate Borrowing

PYMNTS

In fact, BIS said the boost in borrowing in recent years by businesses with low credit scores could cause a crisis like the one that led to the 2008 banking crash. While firms in the U.S. — and, to a lesser extent, the U.K. have accounted for the bulk of the issuance, holdings are spread out more widely.

Taxes 128
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The Gig Economy Gets Its Props

PYMNTS

“Gig workers cannot function and will leave marketplace platforms if they are not being appropriately compensated,” Todd McGuire, general manager of supplier success for Tipalti told PYMNTS. It may sound like 2008 all over again, but this is different. You cannot expect to pay them net 30 as you would a traditional supply chain.

Taxes 143
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Cash Flow A Tough Lesson To Learn For SMBs

PYMNTS

According to Intuit General Manager Alex Chriss, cash flow is a life-or-death factor for a company. ” In another statement, Euler Hermes Americas CEO and President James Daly said uncertainties and market risks have their own impact on organizations’ ability to manage cash flow, too. Fifty-two percent of U.S.

Survey 158
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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Vendor management due diligence, such as "Where can I find third-party reviews on the nCino loan operating system?"; The tool is still new and evolving.

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Cash Flow A Tough Lesson To Learn For SMBs

PYMNTS

According to Intuit general manager Alex Chriss, cash flow is a life-or-death factor for a company. ” In another statement, Euler Hermes Americas CEO and President James Daly said uncertainties and market risks have their own impact on organizations’ ability to manage cash flow, too. 52 percent of U.S.

Survey 123
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Collections Predictions 2021: After the Debt Tsunami, the Flood

FICO

Regulators will want more tolerance, but many credit grantors will be unable to afford it. When you have loans that are not profitable, and the regulator wants you to take the loss, you will push those loans to the debt resolution space. It’s not just regulators who will push for tolerance, the government will as well.

Taxes 76