Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017.

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

MARCH 4, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize. The investment firm rates Nordea at underperform.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 20, 2018

European regulators this week continued to show their love, respect and admiration for U.S.-based Assuming that caught your attention, here’s the real story: It’s shaping up as a busy week for regulators in Europe (including Turkey, which for purposes of this article, qualifies as Europe). based tech firms operating there.

Google 124

Google social media Regulation Course 124

PYMNTS

JULY 20, 2018

million in 2017 and $5.2 Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. “It is a validation for us and the entire sector that [cannabis] is a global opportunity,” Kennedy said. “It It signifies a global shift in perception.”.

Company 144

Company Capital Taxes Industry 144

PYMNTS

JANUARY 19, 2017

We are delighted to receive the FCA approval for our operations in the United Kingdom. We hold a positive outlook for the B2B cross-border potential between Europe and China in 2017 and look forward to establishing deeper partnerships with the FCA license,” he said.

Payments 100

Payments Meeting Taxes Security 100

PYMNTS

SEPTEMBER 18, 2019

In a market without Open Banking regulations, FinTechs continue to enter in to the market, collaborating with bank partners to offer their own financial services — which often compete directly with other financial institutions. The delicate balance between bank-FinTech competition and collaboration continues to teeter in the U.S.

Fintech 144

Fintech Payments Meeting Capital 144

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

FEBRUARY 13, 2017

With old rules evolving into new ones, geographic boundaries and their own set of regulations are just some of the many complexities that add friction to the process of international business. Bullock discussed the compliance challenges of various payment scheme regulations that cross-border merchants often need to confront.

Compliance 100

Compliance Taxes Regulation Operations 100

Jeff For Banks

FEBRUARY 4, 2023

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.

United States 78

United States US Cyber Security Taxes 78

PYMNTS

JANUARY 10, 2018

Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. The blockchain hype certainly hasn’t risen without catching the attention of regulators. But it’s not all smooth sailing. Regulatory Moves.

blockchain 101

blockchain Nebraska Bitcoin cryptocurrency 101

PYMNTS

FEBRUARY 8, 2017

Small businesses continue struggling to access the capital required to effectively operate and grow — particularly businesses located in low-income communities,” said Greenline Ventures President Patrick Vahey in a statement. Expect 2017 to be a strong year for loan originations for big banks.”. The company revealed Tuesday (Feb.

Denver 100

Denver Community Lending Taxes 100

PYMNTS

SEPTEMBER 26, 2018

Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 Genesis plans to offer a “full suite of treasury management services,” including audit and tax reporting, investment management, and custody and liquidity services for the industry.

Management 164

Management cryptocurrency blockchain Regulation 164

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. 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

OCTOBER 22, 2018

In all, losses to this emerging and increasingly occurring form of fraud reached $40 million in 2017, doubling the $20 million in losses reported 2015. They may pretend to be the IRS and tell people they cannot use other payment methods because of their delinquent tax status,” according to the FTC. Some major U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

JANUARY 22, 2018

According to recent data from travel and expense management software firm Certify, analysis of 2017 data showed a 4 percent decline in the number of corporates using a manual expense management system compared to the year before. .” What is clear, though, is that demand for T&E technologies is on the rise.

Management 116

Management Compliance Taxes Marketing 116

BankUnderground

OCTOBER 26, 2021

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This is done by ensuring money is produced according to the strictest standards and avoiding manipulating it to the king’s benefit ( inflation tax ). Medieval monetary policy operated without a central bank.

Policies 111

Policies Taxes Maine National 111

PYMNTS

MARCH 15, 2019

billion) fine last year for using its Android operating system to block competitors. billion euro fine in 2017 for the blocking of competition on shopping comparison sites. European Competition Commissioner Margrethe Vestager has said she was putting the final touches on the case. . Google was hit with a 4.34 billion euro ($4.91

Google 116

Google Exercises Apple Comparison 116

PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. Youbit’s operating company, Yapian Corp., Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S.

Bitcoin 124

Bitcoin cryptocurrency Marketing Taxes 124

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . The bank has been in recovery mode in recent months, as federal regulators launched a series of investigations into consumer and commercial practices at the lender. .

South Dakota 101

South Dakota San Francisco Indiana Wisconsin 101

Jeff For Banks

FEBRUARY 3, 2018

At September 30, 2017 there were 5,737, a 16% decline. There were 166 mergers, and four new charters in the first three quarters of 2017. And I have never heard a regulator say the phrase "over capitalized". In 2017, NIMs ranged from a high of 3.8% Positive operating leverage! Provision, and income taxes.

Taxes 60

Taxes Regional Industry Trends 60

PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

APRIL 1, 2019

Companies are also turning to digital marketplaces to tap into workers’ expertise while lowering operating costs. . Accenture’s Technology Vision 2017 report found 100 of the Fortune 500 companies already used digital marketplaces to hire freelancers. The gig economy isn’t only beneficial for workers, however.

Payments 183

Payments Survey Online Company 183

PYMNTS

APRIL 2, 2018

On the global stage, bitcoin fell below $7,000 to just above $6,800, and Ripple slipped to its lowest price since the end of 2017. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations.

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

JANUARY 20, 2017

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The past few days have seen bitcoin rising at a similar rate seen in late December and into early 2017.

Bitcoin 100

Bitcoin Taxes Security Operations 100

PYMNTS

MARCH 16, 2018

Certainly regulations like PSD2 and the U.K.’s Research released last year by Deloitte in its Global Corporate Treasury Survey 2017 found foreign exchange risk management remains a key function for treasurers. It’s also about having accurate, reliable rates trusted by global tax authorities.”.

Risk Management 134

Risk Management Survey Management Fintech 134

PYMNTS

MAY 4, 2017

There have been 52 new startups founded in 2017. Is there anything people may find surprising about operating a business there? Low sales tax and zero state income tax are huge incentives for new tech companies who have a plethora of some of the largest clients in Orlando such as Disney, Universal, Sea World and Florida Hospital.

Florida 110

Florida United States Taxes Community 110

PYMNTS

FEBRUARY 10, 2017

The World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. This has the potential to setup Brussels a top destination for companies looking to escape the uncertainty of operating in a post-Brexit U.K. It was also ranked in first place for trading across borders. environment.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

Payments 201

Payments Cards Operations System 201

PYMNTS

APRIL 26, 2019

There are also the challenges of supplier management, tax legislation, cross-border compliance, worker protection and more. Walmart enacted its On Time In Full program in 2017, for example, which introduced harsher penalties for delayed or incomplete deliveries.).

Compliance 147

Compliance Policies Guidelines Examples 147

PYMNTS

NOVEMBER 7, 2019

percent tax on foreign merchant transactions by using local payment methods. For this and other reasons, many favor making payments via a Brazilian Federation of Banks-regulated domestic system called Boleto Bancário. Brazilian consumers particularly benefit from domestic options, as they evade a 6.38

Online 100

Online Payments Cards Fraud 100

CB Insights

DECEMBER 15, 2020

Get the free 64-page download to learn how industries are using tech to reimagine nearly every facet of their operations. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. First name. Company Name. Phone number. Source: Bloomberg.

Management 87

Management Fintech Industry Trends 87

PYMNTS

FEBRUARY 12, 2018

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. billion at the start of the year — to $18 billion in September 2017.

Big Data 135

Big Data Data Retail Marketing 135

PYMNTS

SEPTEMBER 9, 2016

The brothers are aware of the security issues surrounding bitcoin and recommend that exchange operators and their regulators need to look closely at “multisig” security services, which require many people to sign off on a transaction. by the end of 2017, not to mention the uncertainty associated with the presidential election.

Bitcoin 100

Bitcoin cryptocurrency Security Taxes 100

PYMNTS

FEBRUARY 18, 2019

That’s the only way the business can ultimately continue to create value for its customers, create jobs for people, serve the ecosystem in which it operates and provide tax revenues. It has also spurred other businesses to follow its lead, irrespective of whether Amazon is even a relevant player in the ecosystem in which it operates.

Cards 169

Cards Course Study New York 169

PYMNTS

MARCH 9, 2018

According to Rick Bryant, vice president of sales operations at Volvo Car USA, the program makes vehicle leasing simpler for international students’ families by also offering bundled auto insurance and maintenance. because they’re state-by-state and they’re heavily regulated,” Bryant said. Insurance laws are very difficult in the U.S.

Study 102

Study Payments Taxes Report 102