PYMNTS

SEPTEMBER 16, 2019

Congress — with an eye on documents that show the inner workings of Big Tech. On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. GDPR Compliance Lacking. Now the letters fly from the U.S. It is an investigation to determine the facts.

social media 122

social media Google Taxes Arkansas 122

Abrigo

FEBRUARY 23, 2023

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Check out our 1071 compliance resources. The result? The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Take the market’s VAT legislation, for example. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JUNE 8, 2016

Across the Northern Hemisphere, markets have taken a gradual approach to implementing digital invoicing and B2B billing tools. In these markets, paper invoices continue to reign. This slow-and-steady movement towards automated procure-to-pay processes may no longer suffice in today’s market. A Faster Way.

America 100

America Taxes Tools National 100

Independent Banker

OCTOBER 31, 2021

Demand for digital banking products and services is on the rise across different geographic markets and customer demographics. “In First State Bank & Trust now automatically issues compliance disclosures within its Consumerbot and Mortgagebot platforms. Now, its system automatically moves and sorts those documents. “So,

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 107

Taxes Compliance Tools System 107

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 101

Taxes Compliance Tools System 101

Abrigo

JANUARY 14, 2015

Valuation work lacks as much repeat business (unless it’s tied to a recurring engagement like employee stock ownership plans) as tax preparation and other traditional accounting services, according to the Journal of Accountancy ’s review of the study. The emphasis on business development is understandable.

Study 150

Study Compliance Report Data 150

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. There also exists, in some cases, a lack of identity documentation and a general lack of financial services overall.

Mobile 212

Mobile social media Taxes Technology 212

PYMNTS

AUGUST 3, 2016

Instra, based in Melbourne, Australia, provides an extensive domain name service to a global market. Think GoDaddy where GoDaddy might also be a customer in the domain resell market. The business of cross-border domain name trading can be beset with compliance issues and confusing billing systems. Compliance.

Compliance 100

Compliance System Online Regulation 100

PYMNTS

MARCH 16, 2018

Add to the equation the growing burdens of regulatory compliance stretching across anti-money laundering and know your customer efforts … and record-keeping can become daunting even with the best of efforts. The problem in traditional accounting systems and document management is one “in how the data is distributed,” he said.

blockchain 123

blockchain Bitcoin Course Examples 123

Insights on Business

JULY 20, 2017

Open banking is often mentioned in relationship to compliance with regulatory standards, but in reality, the regulators are only catching up with what is happening in the market. This business can now serve a large network of distributors and has captured an even bigger market, particularly by expanding in other countries.

Fintech 181

Fintech Mobile Examples Data 181

CFPB Monitor

MARCH 14, 2019

The information contained in Supervisory Highlights is disseminated to help institutions and better understand how the Bureau examines institutions for compliance with those requirements. However, the servicer charged late fees based on a percentage of the full periodic payment of principal, interest, taxes, and insurance.

Taxes 68

Taxes Leadership Policies Exercises 68

PYMNTS

DECEMBER 2, 2016

According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

NOVEMBER 2, 2020

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. The Digital Markets Act is a second set of regulations. They will have two pillars, which Vestager described as a do’s and don’ts for large digital gatekeepers and a “harmonised” market probe blueprint “across the single market.”. Regulation.

Taxes 212

Taxes National Regulation Google 212

Gonzobanker

MAY 14, 2018

Financial Brand Forum , an exponentially growing event now in its fifth year – targeted at the morphing worlds of financial marketing, sales and service – is a well-oiled machine with several coats of highly buffed wax. Even safe deposit boxes might go away with digital documents,” he said. What could possibly go wrong?

Branding 127

Branding Industry Apple Marketing 127

PYMNTS

MARCH 2, 2018

Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K., The company offers small businesses an easier way to navigate “red tape” and maintain regulatory compliance. billion, growing at a compound annual growth rate (CAGR) of 47 percent.

Fintech 118

Fintech Capital blockchain Lending 118

Independent Banker

AUGUST 26, 2015

We get the disclosure back faster” when borrowers digitally sign documents exchanged by email, Webster notes. Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Sending documents to a consumer’s personal email is the first safeguard. Fewer errors.

San Francisco 70

San Francisco Lending System Atlanta 70

Fintech Labs Insights

JANUARY 3, 2017

Starting in 2017 former Microsoft executive Jeremy Korst will be the man driving the message at tax compliance innovator and FinDEVr alum , Avalara. The Seattle-based company announced this week that Korst will join Avalara as its new chief marketing officer and executive vice president.

Marketing 15

Marketing Seattle Taxes Pennsylvania 15

FICO

MARCH 17, 2021

The GAO Study goes on to say that “In addition to TBML, criminal organizations may also be involved in other trade-facilitated criminal activity, such as customs fraud, trafficking in counterfeit goods, or tax evasion.”. The over- or under-valuation of goods on the invoice and other documentation.

Study 98

Study United States Groups Trends 98

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. After all, commerce is increasingly done across state lines, and remote sellers have the lure of selling into new and far-flung markets. States have been defining their parameters for economic nexuses.

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

SEPTEMBER 13, 2017

The company has also established the first secure and trusted compliance, vetting, KYC (Know Your Customer) and regulatory approval process for 75,000 China-based sellers (and growing) so that global marketplaces can have access to this massive eCommerce engine without operational, logistical, technological, payment or ERP fears.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Jeff For Banks

NOVEMBER 24, 2019

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. The government guarantee allowed for a secondary market in these loans. They had been likely sold in the secondary market, and never removed from their books. Clearly, blue-suit regulators stood out. They kept some.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

DECEMBER 9, 2020

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). There will be rising market concentration among large platforms that are often known internationally and have much control over underlying service providers.

Taxes 160

Taxes Analysis Compliance Regulation 160

Lex Sokolin

DECEMBER 25, 2019

This makes me realize how much I miss being able to get into a meaty, quantitative analysis in a well-formatted PowerPoint document. you get paid some market-clearing interest rate to loan out assets like Bitcoin, which someone is borrowing for a trading or hedging purpose. I’d be remiss not to mention the broader concept of “staking”.

blockchain 52

blockchain Bitcoin Software Lending 52

Tomorrow's Transactions

NOVEMBER 5, 2014

I’m hoping somebody can send me a plausible and documented cost-benefit analysis for anti-money laundering legislation but it’s proving difficult to find one. According to a KPMG survey, the cost of compliance with anti-money laundering (AML) regulations grew “beyond expectations” for banks last year.

Las Vegas 55

Las Vegas Regulation Analysis Exercises 55

PYMNTS

MAY 22, 2017

One of the most prominent conversations at the table is eInvoicing compliance. For instance, there’s the business compliance issue, in which both buyer and supplier must insure that the eInvoice was sent out with accurate information, matched against the correct purchase order, for the right price.

Compliance 104

Compliance Regulation Strategy Regional 104

MyBankTracker

JULY 21, 2020

stock market is the premier destination for investing opportunities. Meanwhile, some American investment firms market to international clients (and then again, some investment firms won’t work with people who aren’t American citizens). If it does, you might end up paying higher taxes. stock market.

Taxes 52

Taxes United States America Course 52

Fintech Labs Insights

JANUARY 11, 2017

Kensho ( FEU14 ) introduced Warren to helps advisors perform quantitative analyses on market data. Regulatory compliance. Fintech example : Banks can use AI to quickly scan legal and regulatory text for compliance issues, and do so at scale. Current AI application : 4 stars. Potential AI application : 5 stars.

Fintech 12

Fintech Compliance Examples San Francisco 12

PYMNTS

JANUARY 10, 2019

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. Top markets include Japan, the United States and Korea. trillion) in 2018 alone, and growing at double digits into the current year.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

JUNE 12, 2018

Construction is inherently complex, considering how many players can be involved in a single project — and how much money is involved (the market is estimated to see a $10.3 These two processes may be straightforward in other markets, but, Sundukovskiy explained, the construction space has stumbled over them for years.

Fraud 131

Fraud Industry Innovation Technology 131

Fintech Labs Insights

OCTOBER 30, 2016

My Virtual Strongbox ( F14 ) introduced the kind of secure document storage technology that can help FIs better manage customer documentation. Global Debt Registry , another F14 presenter, provides compliance and risk management solutions to the account management industry.

blockchain 12

blockchain Trends Fintech social media 12

Abrigo

DECEMBER 17, 2014

Demand for valuation services is growing, according to a recent AICPA survey , with increased opportunities expected in shareholder/partner disputes, contractual disputes, family law, and gift and estate taxes, among other areas. This improves consistency and quality control as you perform valuations in compliance with AICPA guidelines.

Analysis 207

Analysis Compliance Survey Guidelines 207

PYMNTS

SEPTEMBER 16, 2019

However, according to Dawn Brolin, CPA, CPE and executive vice president of business development and compliance at Out Of The Box Technology , there is another, perhaps more ironic factor behind small businesses’ struggle to embrace innovative tech: a lack of human services and face-to-face interactions.

Fintech 134

Fintech Fraud Tools Technology 134

CFPB Monitor

NOVEMBER 21, 2014

Many of the issues covered were in response to questions received by the CFPB from mortgage industry stakeholders and technology vendors who need additional information in order to facilitate the development of compliance and quality control procedures and software. Creditors must disclose the name of the entity assessing the transfer tax.

Taxes 120

Taxes Examples Maine Industry 120

PYMNTS

FEBRUARY 22, 2019

Compliance impacts friction — likely increasing it. But, said the executive, the creation of a “trust anchor” can be accomplished by establishing the authenticity of a government-issued identity document. If you think about process overall, it’s all revolving around … [a] balance between risk and friction,” he said.

Data 130

Data Illinois Taxes Customer Experience 130

PYMNTS

JANUARY 30, 2018

Chief Operating Officer at document process automation company Esker , identified the mandate as a key moment for the country. faces unique hurdles in boosting eInvoice adoption compared to other markets, the report noted. government and governments in other markets. In a statement to PYMNTS, Steve Smith, U.S. Further, the U.S.

US 106

US Minneapolis Regional America 106