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Technology Enabled Data Analytics: Friend or Foe?

Abrigo

In fact a report by Cornerstone Research entitled, “Accounting Class Action Filings and Settlements - 2014 Review and Analysis " , shows allegations that accounting fraud surged 47 percent in securities class-action lawsuits over 2013. In the end, technology can make the work of a CPA more interesting. About the Author.

Analytics 150
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Fake ID Docs Sold on Websites Targeted by Feds

PYMNTS

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134
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Uber Makes Last-Ditch Effort To Stay In Colombia

PYMNTS

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. Uber has come across strong resistance from taxi drivers after selecting Bogota as its inaugural South American operation in 2013. Colombia stayed behind.”.

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FinTech Partnerships With FI Marked By Global Scope

PYMNTS

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. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115
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Deep Dive: Digital ID Developments From Around The World

PYMNTS

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

Security 159
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Small banks: Big challenges and big opportunities

Abrigo

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. I don’t want my veteran bankers writing a credit memo,” he said. The result?

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India’s Call Centers Are Becoming Avenues To Scam Americans

PYMNTS

government and has been looked into since 2013. The paper noted that, since 2013, Americans — many of which are recent immigrants — have been scammed out of $100 million as a result. What’s more, there is a huge call center culture in India, as well as efficient technology and ingenuity on the part of the citizens of India.

Fraud 124