PYMNTS

SEPTEMBER 17, 2020

Whether that's a lack of security if a piece of paper falls into the wrong hands, or simply the pain of having to manually store a document or capture its data, paper is far from the most efficient way to do business. "Bad Take the electronic invoice, for example. Organization is organization," said Wood.

Compliance 157

Compliance Taxes Industry Data 157

Abrigo

MAY 2, 2017

While it sounds great in theory and everyone agrees, just how is this to be accomplished when most of your efforts are currently focused on finding new clients for the seeming financial security of gaining a heap of tax and compliance work? For example, Welham considered the example of Toyota.

How To 150

How To Taxes Compliance System 150

PYMNTS

JUNE 18, 2019

The France-based company secured the funding from Eurazeo and Bpifrance , which are backing PayFit’s payroll and human resource management technology services designed for multiple European countries’ particular labor laws. Earlier this month Ireland-based Immedis secured $28.2 while Gusto , another U.S.

Taxes 115

Taxes Resources Security Technology 115

Cisco

APRIL 26, 2022

Some familiar examples are receiving banking fraud alerts on mobile devices, submitting photos for insurance adjustments, or using robo-advisors for investment decisions. Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services.

Big Data 148

Big Data Data Analytics Examples 148

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. The scam here is an inside job, making it inherently more elusive.

Fraud 195

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PYMNTS

MARCH 26, 2018

Take the market’s VAT legislation, for example. Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. Tax fraud is a massive threat of corporates. You must have secure ways to transfer data through encryption.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

JUNE 15, 2018

In the Middle East , RAK Bank has said it will offer Sage accounting software to business banking customers, in an agreement that helps those firms manage value-added tax (VAT) compliance mandates. The software firm, Sage, has had five of its accounting offerings focused on VAT, accredited by the UAE Federal Tax Authority.

Fintech 115

Fintech Compliance Software Taxes 115

Abrigo

FEBRUARY 23, 2023

At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

FEBRUARY 18, 2019

Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security. However, the company first rolled onto the scene as a partner of GunBroker , allowing the firearms retailer to offer its own digital coin as a more secure form of payment.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

PYMNTS

JANUARY 8, 2020

8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. Against that backdrop, we might see the continued evolution of tax policy tied to crypto, and perhaps more defined parameters of crypto as a distinct class of assets.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

MARCH 27, 2020

Payments Initiation, which is enabled by PSD2, is driving the adoption of Open Banking” in the business banking and payments space, she told PYMNTS, pointing to the benefits of lower transaction fees, speed and elevated security as key drivers of adoption. Each one of these factors provides tangible benefits to businesses.”.

Payments 151

Payments Innovation Security Guidelines 151

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. The LOS can also automatically generate annual loan reviews. Best-in-Class LOS Vendors.

System 195

System Lending Analysis Software 195

PYMNTS

MARCH 5, 2019

Compliance and regulatory issues remain top of mind, of course, but so does the overall experience of both buyers and sellers. Expectations can differ from region to region regarding timing of payments, taxes, currencies, regulatory differences – and we look at all of those variables.”.

Regional 148

Regional Mobile Security Fraud 148

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

MARCH 14, 2018

Better use of data by governments can also help free up resources for priority needs and reduce tax evasion, including evasion related to cross-border transactions.”. Also this week, Evident Proof announced the rollout of its blockchain- and token-powered compliance solution. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

OCTOBER 10, 2018

But just as it was a disruptive force when it emerged in the mid-19th century, today the wire has secured a bit of attention as players like SWIFT move to promote faster, more efficient cross-border transfers. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail.

Fraud 116

Fraud Compliance Innovation Payments 116

CFPB Monitor

JULY 6, 2021

The Priorities have been much-anticipated because, under the AML Act, regulators will review and examine financial institutions in part according to how their AML/CFT compliance programs incorporate and further the Priorities, “as appropriate.”. A prime example of this problem is the inclusion of “fraud” as a Priority.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

MARCH 12, 2018

Securities and Exchange Commission issued scores – the tallies varied depending on where you got the news, but The Wall Street Journal estimated “dozens” – of requests for information and subpoenas from companies who have dipped, or are dipping, corporate toes in the initial coin offerings pool. A velvet hammer? A helping hand?

Regulation 117

Regulation Security Course blockchain 117

Insights on Business

JULY 20, 2017

The first phase of the UK Open Banking initiative is an example of initiatives that are targeting this space. They are the mechanism that banks use to exchange customer data with other parties in a simple and secure way. Examples of open banking in practice. Open banking is here, and it is far from being a compliance exercise.

Fintech 181

Fintech Mobile Examples Data 181

Abrigo

DECEMBER 10, 2014

As you prepare for upcoming engagements with your “best” tax and audit clients, be thinking of how you will turn those meetings into opportunities for additional business advisory work once busy season ends. It costs 11 times more to acquire a new customer than to keep an existing one, according to industry research.

Meeting 191

Meeting Taxes Industry Strategy 191

PYMNTS

JANUARY 9, 2019

” Today, he added, technology is “better than humans” at accurately and securely managing and categorizing financial data. “Margins slipping 2 percent will result in one month less of runway,” he offered as an example. Those areas probably won’t be first in line to see robots replacing human talent.

Taxes 179

Taxes Technology Tools Industry 179

PYMNTS

JANUARY 8, 2020

This is about being able to recognize their revenue and accounts receivable faster and more securely,” he said, “and give them the opportunity to not have a legacy system in place for accounts receivable, where you send out a bill.”.

Mobile 141

Mobile Payments Data Technology 141

PYMNTS

DECEMBER 11, 2019

It is clear that as an industry we could do more to assure businesses of the security measures in place and demonstrate the tangible benefits of open banking and connected technology,” he added. Cash flow remains the No. 1 reason for small business failure, and with half of businesses that start in the U.K. Penta Integrates SumUp’s POS.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

MARCH 5, 2018

Securities and Exchange Commission issued scores of subpoenas and Requests for Information (RFIs) focused on initial coin offerings (ICOs). ICOs have been pegged for everything from tax evasion to a long list of incidents where hackers have lured the unwitting into lost funds (not to mention technical glitches that have had the same impact).

Bitcoin 123

Bitcoin cryptocurrency Regulation Course 123

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . An example cited in the consent order found that a customer with a previous SAR alerted on new activity.

Resources 195

Resources Texas Analysis System 195

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to accounting and tax, bookkeeping, and expense management players, or (2) leverage technology to provide these services directly to end-users. For example, KNØX Custody (disclosed equity funding of US $6.2M) provides insured cryptoasset and cryptocurrency custody solutions.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

DECEMBER 12, 2019

Securities and Exchange Commission is turning its attention to a lack of transparency within corporates’ investor disclosures as more businesses use supply chain financing. Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec.

Tools 145

Tools Report Washington Strategy 145

PYMNTS

AUGUST 5, 2019

Whether those allegations are proven true or not, the case at least provides an example of some of the risks and problems that can occur, and challenges faced by legitimate companies determined to stay firmly on the right side of the law. The good news? Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

Perficient

OCTOBER 20, 2020

An example of an image is provided using the Account Reconciliations solution which is classified as a Reconciliation Suite solution. The current classifications for MarketPlace solutions are Compliance, Planning, Builders, Reconciliation Suite, Reporting, Security, Templates, Training, and Tools.

Training 294

Training Compliance Security Examples 294

FICO

JANUARY 22, 2020

Criminals are trying to fool banks into thinking they are new customers or stealing account access by tricking people into making security mistakes or giving away sensitive information. Why try to crack a safe when you can walk in the front door? Real-time Payments Fraud: Time For Convergence.

Survey 52

Survey Fraud Payments Regional 52

CFPB Monitor

OCTOBER 20, 2021

The approval order, which was issued through the Bureau’s Compliance Assistance Sandbox Policy, confirmed that Payactiv’s EWA program described in the order did not involve the offering or extension of “credit” as defined by section 1026.2(a)(14) That is a loan.

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

SEPTEMBER 20, 2016

For example, nearly a third of professionals in the U.K. These professionals, Tucker added, can provide expertise in fraud detection, compliance, data analytics, technology strategy and line-of-business advice. As part of its research, BlackLine also surveyed professionals across the U.K., the company said. Manual To Blame.

Survey 100

Survey Fraud Strategy Examples 100

FICO

MARCH 29, 2020

Social engineering and attempts to get you to disclose personal information that will facilitate financial fraud are rampant and even include creative attempts at COVID-19 tax refund schemes. Don’t trust a website simply because it begins with “[link] The s” merely means the data in transit is encrypted, that the site is legitimate or secure.

Fraud 92

Fraud Google Taxes Cards 92

Independent Banker

OCTOBER 31, 2021

Online applications help to improve the customer experience by offering convenience, secure communications and the ability to easily track the progress of loan applications. First State Bank & Trust now automatically issues compliance disclosures within its Consumerbot and Mortgagebot platforms.

Lending 91

Lending Community Bank Community North Dakota 91

Bankelele

DECEMBER 3, 2014

They handle more than just tax and payroll. A good reason for hiring an accountant however is to create a business plan, form a company, apply for loan, during tax audit or simply in order to delegate some duties. For example, it is a fact that you will have business liabilities. This should provide some answers.

Taxes 34

Taxes Software Report Analysis 34

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

Lex Sokolin

DECEMBER 25, 2019

For example, if you have a payments app and need to trade in and out of an asset, integrating Uniswap is a quick solution. Other things like Compound are essentially a securities lending marketplace?—?you See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service.

blockchain 52

blockchain Bitcoin Software Lending 52