PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

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Regulation Company cryptocurrency Taxes 143

PYMNTS

JANUARY 16, 2020

crypto firm Gemini has debuted an in-house insurer to cover its assets, according to a report Thursday (Jan. In order for there to be mass adoption, the path forward is a regulated, compliant exchange system that clients have become accustomed to in traditional finance.”. This tax is often deducted or withheld. 16) by Reuters.

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Taxes Bitcoin cryptocurrency National 131

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. The moratorium would be aimed at reducing fraud , Reuters reported.

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Taxes Fraud Data Regional 101

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. The AFP’s newest Corporate Cash Indicators report , released this week, found trade dispute concerns to be among the largest factors hampering U.S. The AFP again highlighted these tensions in its Q3 2017 report.

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Taxes Analysis Washington Report 100

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

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Capital Lending US Data 78

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. . ”

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Bitcoin blockchain Taxes Austin 132

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. Easy come, easy go, in crypto-driven enrichment.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. The 225-page report discussed how artificial intelligence could cut costs for mortgage processing by 10 percent to 20 percent. In separate news, U.S.

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PYMNTS

MAY 3, 2016

The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said on Monday (May 2). Capital One did uncover good news, however. The economy may be in recovery, but small businesses in the U.S.

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Capital social media Leadership Millennials 100

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.

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Risk Management Management Lending Capital 221

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. ” .”

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PYMNTS

MARCH 12, 2020

The founder of IOTA is repaying victims of a wallet hack earlier this year to “preserve” the runway of his endeavor, CoinDesk reported. Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax. That person will reportedly have to pay a fine exceeding $192,000.)

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Security Bitcoin Taxes United States 130

Abrigo

SEPTEMBER 1, 2021

Takeaway 1 Identifying and reporting drug trafficking organizations (DTOs) are a staple of the Bank Secrecy Act. Takeaway 3 There are several red flags to help identify and report potential trade-based money laundering schemes. . Would you like others articles like this in your inbox? FinCEN has listed DTOs as one of its priorities.

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PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. The 225-page report discussed how artificial intelligence could cut costs for mortgage processing by 10 percent to 20 percent. In separate news, U.S.

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Technology FDIC US Big Data 217

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.

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Taxes Survey Capital America 105

PYMNTS

SEPTEMBER 25, 2018

According to reports citing Turo Chief Executive Andre Haddad, the U.K. According to the report, some of Turo’s “power users” own fleets of vehicles that they list on the website. The company has raised more than $205 million from Kleiner Perkins, August Capital, Shasta Ventures and Google Ventures.

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San Francisco Maryland Illinois Taxes 122

PYMNTS

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. The shortcomings were pointed out by Prudential Regulation Authority regulators. Combined, the assets make up one-third of the bank’s capital, according to Stevenson.

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Compliance Fraud Taxes Regulation 101

PYMNTS

DECEMBER 4, 2020

SellersFunding Expands Working Capital Services To Canada, UK, EU. It offers services via a combination of access to working capital, daily advances and global cross-border payment features, allowing for an end-to-end picture of how a company is doing. Intuit Closes $8.1 Billion Dollar Deal For Credit Karma.

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Taxes Capital Company Regulation 153

PYMNTS

JULY 21, 2017

According to recent reports in the Wall Street Journal , some of the U.S.’s to push forward regulations that will promote growth. Bancorp and Morgan Stanley have echoed similar sentiments, stating government regulations will be key for further growth. Reports noted during U.S. CEOs at major banks including U.S.

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Washington Taxes Regulation Analytics 100

PYMNTS

OCTOBER 28, 2019

Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019, compared to the same period last year, reports said. billion in pre-tax profits, below analyst expectations, with revenue at $13.36

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PYMNTS

OCTOBER 31, 2019

billion for a stake in the bank, according to a report in the Financial Times. 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.

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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 potential scandal at Nordea initially sent shares down although they were able to recover.

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PYMNTS

JUNE 16, 2019

Capital spending plans increased along with actual outlays, while expectations for sales, business conditions, and expansion all saw a boost. The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole.”.

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Capital Taxes National Data 102

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. Wholesalebox.

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Fintech Capital Lending Taxes 100

PYMNTS

DECEMBER 20, 2017

19) reports by The New York Post , the U.S. The SEC reported concerns about how the company releases information in public filings, including potential insider tips regarding selling shares of its common stock. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital.”.

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Bitcoin Company cryptocurrency Regulation 101

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. Reports Friday (Oct. 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.

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Taxes Capital Policies Regulation 100

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.

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Community Bank Community Industry Texas 239

PYMNTS

JULY 20, 2018

According to Financial Times reporting, Tilray’s shares sold for a listing price of $17, higher than the original indicated range of $14 to $16 a share. Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. exchange, closed up 32 percent.

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Company Capital Taxes Industry 144

PYMNTS

NOVEMBER 19, 2019

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. In addition, there will be another three available for wholesale banks, which foreign firms can run and the capital threshold is S$100 million. billion ($1.1

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Digital Banking Capital Taxes Groups 101

PYMNTS

NOVEMBER 5, 2018

So too, for that matter, has the crypto space at large, where hundreds of billions of dollars in market capitalization have been lopped off by investors, as evidenced by nadirs seen over the summer. As has been seen before and will be seen again, the specter of regulation is likely to set off a stampede for the proverbial (crypto) door.

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Bitcoin Regulation cryptocurrency Marketing 187

PYMNTS

NOVEMBER 12, 2019

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. I think you will see it very soon, in the next maybe two to three months,” Lee told CNBC at the FinTech Festival on Monday (Nov 11).

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Bitcoin cryptocurrency blockchain Conference 101

PYMNTS

MAY 18, 2018

Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below. India’s small business bank alternative, Open, announced pre-Series A funding from Unicorn India Ventures and Recruit via its RSP India fund, reports in Inc42 said. Endeavour Catalyst and Satya Capital also participated.

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Fintech blockchain Analytics Capital 134

Abrigo

MARCH 22, 2023

Still, law enforcement has reported the use of everything from air filters to gold bars. Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. One aspect of TBML that makes it challenging to identify is that it can involve virtually any value item, not just high-end or rare goods.

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Training Fraud New Jersey Regulation 195

PYMNTS

APRIL 30, 2018

Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels.

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Taxes America National Community 144

PYMNTS

JUNE 15, 2018

In addition, corporate clients will be able to apply for working capital loans and make vendor and salary payments. In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds. The tech is licensed by a U.S.

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Fintech Compliance Software Taxes 115

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.

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Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. They need a marketing person to title their reports. See the chart below from the OCC report for net charge-offs during the Great Recession.

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Lending Regulation Community Community Bank 60