BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 97

Capital Policies Tools Regulation 97

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. As noted by Bloomberg last week, the December elections on deck for the U.K.

Taxes 101

Taxes Fraud Data Regional 101

PYMNTS

JULY 20, 2018

Tilray , the first cannabis company to conduct an initial public offering on a U.S. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It exchange, closed up 32 percent.

Company 144

Company Capital Taxes Industry 144

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “Together, these factors mean that companies could invest more funds, hire employees and generally spend on both their businesses and communities.” corporates, again attributing the trend to political gridlock and uncertainty.

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Crossing borders and crossing the Rubicon.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

DECEMBER 20, 2017

have suspended a bitcoin-focused company following questionable business practices, Singapore is advising “extreme caution” when investing in the potential bubble and neither Japan nor South Korea is recognizing cryptocurrencies as actual currencies. The company has a valuation of $11.9 The risk of a sharp reduction in prices is high.

Bitcoin 101

Bitcoin Company cryptocurrency Regulation 101

PYMNTS

FEBRUARY 1, 2021

Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date. The European Parliament had invited leaders of the companies to a hearing in Europe to help them come to an opinion in strict new rules the European Commission had put forward.

social media 236

social media Taxes Payments Apple 236

PYMNTS

DECEMBER 4, 2020

SellersFunding Expands Working Capital Services To Canada, UK, EU. SellersFunding works with a turnkey service for big companies, including Amazon , Shopify and Magento , the release stated. The company said on Thursday (Dec. Intuit Closes $8.1 Billion Dollar Deal For Credit Karma. 3) that it has completed its $8.1

Taxes 153

Taxes Capital Company Regulation 153

PYMNTS

AUGUST 5, 2020

Helium 10 has launched its new Alta program, which will let Amazon sellers access “robust digital wallet, rapid approval credit lines, daily advances on Amazon payments, international direct payment and tax management,” according to a press release. ” .”

Taxes 147

Taxes Capital Payments Management 147

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

SEPTEMBER 25, 2018

Turo, the peer-to-peer car sharing marketplace company in San Francisco, has set its sights overseas, reportedly expanding into the U.K. is the company’s most searched destination when it comes to traveling outside of North America, thus the expansion into the market. Turo has countersued and the outcome is pending.

San Francisco 122

San Francisco Maryland Illinois Taxes 122

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center. environment. “The

Capital 100

Capital Regional Innovation Fintech 100

Abrigo

SEPTEMBER 1, 2021

As the TBML trend is increasing, DTOs are still using more traditional money laundering methods such as shell companies, couriers, and currency exchangers. financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . BSA Rules and Regulation.

Training 195

Training Regulation Community Austin 195

Bobsguide

MAY 3, 2016

With ILS (insurance-linked securities) heading into the London market, every effort is being made to push the corporation tax legislation through in 2016. UK companies will then be able to make the most of the business opportunities on offer. So, what is this ILS regulation and what makes.

Marketing 60

Marketing Capital Taxes Regulation 60

PYMNTS

DECEMBER 10, 2020

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). the cloud payments and financial messaging company, is speeding up market convergence for the Santiago (Chile) Exchange (Bolsa de Santiago). “As Canada, Europe and U.K. Canada, U.K. Volante Technologies Inc.,

Payments 178

Payments Google Technology Taxes 178

PYMNTS

OCTOBER 31, 2019

Shares in the company went up 20 percent on the news. Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. On Thursday (Oct.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

FEBRUARY 1, 2021

While payroll may appear to be among the least volatile areas of capital outflows, there are plenty of factors that cause fluctuations in how much money is issued to employees — and when and how they get paid. But there are other shifts in the payroll space with significant implications for company cash flow.

Strategy 247

Strategy Taxes Management Trends 247

Abrigo

MARCH 22, 2023

In more complex systems, TBML sellers falsify invoices to undervalue or overvalue products’ price, quantity, or quality, repeatedly import and export the same commodity, or use shell companies and third-party intermediaries to facilitate transactions. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. Put another way, it's the company that made it possible for PayPal’s recent announcement that it would allow its users to buy, sell and hold cryptocurrency.

blockchain 193

blockchain Bitcoin Regulation System 193

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Today, it works with companies in over 120 countries spanning every industry, company size, and business model. Broadly enabling online commerce.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 4, 2019

In 2016, it was lower and companies only saw $4.3 The funding saw the creation of two new unicorns (companies with a $1 billion valuation or more). These were OYO Rooms, a hospitality company, which raised $1 billion in September, and food delivery company Swiggy , which also secured a cool billion.

Company 162

Company Taxes Innovation Capital 162

PYMNTS

DECEMBER 2, 2016

We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. The company announced a $650,000 funding round led by Kae Capital and Khosla Impact.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

OCTOBER 24, 2016

Hong Kong is again pushing for more multinational corporate treasurers to call the city home with a new initiative by local regulators. At the event, government officials promoted their initiative , launched earlier this year, that offers tax breaks for corporate treasurers that set up shop in Hong Kong. Reports Friday (Oct.

Taxes 100

Taxes Capital Policies Regulation 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.

Virgin Islands 116

Virgin Islands Taxes Regulation Regional 116

CB Insights

OCTOBER 18, 2018

As tech giants like Facebook explore blockchain as a means to reinvent themselves , startups are working on blockchain projects that could displace services like AWS (as with Filecoin ) or loosen tech companies’ hold on personal information. Could we soon see the creation of a completely ownerless company?

blockchain 75

blockchain Company Examples Trends 75

PYMNTS

NOVEMBER 11, 2019

The company’s blockchain chief Yige Cai revealed last week that the Hong Kong Securities and Futures Commission (SFC) has approved a new license, and that the company is setting up a team to support the platform.

blockchain 109

blockchain Bitcoin Capital Taxes 109

Bank Innovation

MAY 11, 2017

understand that 1) massive amounts of European capital flow to the U.S. 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.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

JANUARY 22, 2018

According to Xavier Deleval, managing director at expense management technology firm MobileXpense, addressing the mid-market is particularly challenging because these companies need a level of sophistication to their technologies, but don’t have the capacity to handle the development and deployment of proprietary systems.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

MAY 18, 2018

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. The company did not reveal how much it raised, but noted that ISME ACE and BetterCapital also participated. The company raised $47.5 The company raised $47.5 Endeavour Catalyst and Satya Capital also participated.

Fintech 134

Fintech blockchain Analytics Capital 134

PYMNTS

NOVEMBER 19, 2019

Ant Financial is worth around $150 billion, making it one of the most valuable private sector FinTech companies in the world. Ant Financial produced a pre-tax profit in the neighborhood of around $200 million, according to Alibaba’s yearly report. billion) in capital and local control. billion) in capital and local control.

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

JUNE 27, 2019

Companies are staying private longer, lengthening initial public offering (IPO) cycles and lowering benefits for the average investor, MainVest Co-founder Nick Mathews told PYMNTS in a recent interview. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.

Capital 145

Capital Community Oklahoma Maine 145

PYMNTS

JUNE 15, 2018

The aim is to boost “connected” banking for digital transactions, the companies said this past week. In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In reference to the partnership’s advantages, the firms said, is the elimination of manual data entry and accounting.

Fintech 115

Fintech Compliance Software Taxes 115

PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227

US Cyber Security Security National 227

PYMNTS

FEBRUARY 8, 2017

The company revealed Tuesday (Feb. 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. The fund will target minority- and women-owned businesses, Greenline added.

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Denver Community Lending Taxes 100