PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

Regulation 101

Regulation Data America Payments 101

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. 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. with an $18 million investment. B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

PYMNTS

JULY 15, 2020

“As a reputable law firm, they would have investigated EMIF’s position and been satisfied as to matters such as EMIF’s beneficial ownership, compliance with money-laundering and terrorist financing laws, and the absence of tax and other fraud,” Cranston wrote, FT reported. Still, this is not the end of troubles for Wirecard.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

OCTOBER 8, 2019

In a recent interview with PYMNTS, Henry explored the FinServ compliance conundrum for the cannabis industry, noting that the struggle to get banked has ramifications that spread from the POS up the supply chain — impacting dispensaries, manufacturers, logistics providers, subcontractors, growers and beyond. A Shifting Regulatory Landscape.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

APRIL 19, 2019

FinTech solutions — including those that have disrupted the payroll sphere — have automated key financial functions for small businesses, and, in many cases, have taken away the traditional workload of a small business accountant. That’s particularly true when it comes to compliance and data security. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

AUGUST 20, 2019

In an interview with Webster, Amit weighed in on the tailwinds that have helped the FinTech surpass $8 billion in annual transactions across its global payables platform, which, among other features, helps firms manage payments across units located in other countries.

Management 127

Management Payments Taxes Software 127

PYMNTS

SEPTEMBER 20, 2017

and not just because FinTech is reshaping the way employees get paid. Regulators, especially at the state level, are forcing companies to change their payroll software and strategies. Ensuring accurate paychecks — which includes accurate tax withholdings — is critical to meeting worker demands for getting paid as much as possible.

Taxes 100

Taxes Survey Compliance Regulation 100

PYMNTS

NOVEMBER 2, 2018

The pairing allows businesses and their accountants to accelerate supplier payments while maintaining compliance with tax mandates and other regulations across borders.

Taxes 156

Taxes Resources Compliance Data 156

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. ” Deleval noted that MobileXpense is working to collaborate with other FinTechs and payments companies, with a focus on capturing payment data from electronic transactions in real time.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Compliance is still a major challenge. Technological Innovation.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches.

Compliance 154

Compliance Data Trends Payments 154

PYMNTS

JUNE 25, 2018

In advance of the upcoming webinar titled “RegTech: Transforming Compliance Through Enabling Technology,” Clayton Mitchell, principal of Crowe Horwath , stated that RegTech’s effectiveness can be limited by internal factors. At the same time, risk and compliance professionals still are inundated with manual tasks. Taking on more risk?

Risk Management 167

Risk Management Strategy Management Compliance 167

PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports.

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that.

Payments 151

Payments Innovation Security Guidelines 151

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. in a manner that the Secretary determines appropriate to assess compliance” with the amendment. Requirements.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

MARCH 12, 2018

And yet: How and why to regulate? And where – and just who should do the regulating? federal agencies that are trying to figure out if something is under their purview and should they [even] be regulating this.”. Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. Asked by PYMNTS where U.S.

Regulation 117

Regulation Security Course blockchain 117

Insights on Business

MARCH 25, 2019

Without regular updates and feedback from regulators as well as other leading financial institutions, banks may be unknowingly opening themselves up to heightened risk. Understanding that having the right information readily available is the first step in managing compliance risk. Old risk ratings also mean missed opportunities.

Compliance 98

Compliance Taxes United States Data 98

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

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. . If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. Learn More.

Resources 195

Resources Texas Analysis System 195

PYMNTS

SEPTEMBER 13, 2017

PingPong Global’s niche is not only being the first, and only, FinTech company created solely to focus on sellers and merchants based in China. Additionally, cross-border payments mean that firms have to work with banks, regulators, compliance and even cultural nuances that can all add up to friction that hinders smooth eCommerce.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Fintech Labs Insights

JUNE 29, 2016

Client Lifecycle Management solution provider Fenergo is boosting the capabilities of its Tax Compliance suite. The enhanced version of the company’s CRS Compliance Solution is geared toward improving tax regulation compliance through improvements to the Three Rs: Rules, Remediation, and Reporting.

Compliance 15

Compliance Taxes Management Regulation 15

PYMNTS

FEBRUARY 10, 2017

Patrick Lastennet , director of business development and financial services for Interxion, which specializes in colocation services for companies that want to establish a physical presence in the EU, also noted that the Belgian government is intent on promoting FinTech innovation. environment.

Capital 100

Capital Regional Innovation Fintech 100

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

American Banker

JUNE 27, 2022

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Taxes 68

Taxes Compliance Regulation Fintech 68

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147

Fintech Strategy Leadership Lending 147

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says. will continue to work with fintechs, says president and CEO Steve Dehnert. Planning for increased compliance costs.

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

MARCH 24, 2020

The proposal is a significant development for fintech companies and other commercial companies seeking to establish ILCs. Compliance with the commitments would be a condition of the FDIC’s grant of deposit insurance, issuance of a nonobjection to a change in control, and approval of a merger.

FDIC 60

FDIC Taxes Industry Policies 60

Fintech Labs Insights

FEBRUARY 14, 2017

What happens when you give fintech nerds a healthy dose of wine and cocktails over the course of 4 hours? You get honest opinions about what is new and next in fintech. At the fintech cocktail club, we played a scientific game of Hot or Not (if you’re younger than 30, think of it as Fintech Tinder ). Rank: red hot.

Fintech 17

Fintech Trends Lending blockchain 17

PYMNTS

FEBRUARY 25, 2020

Business-facing FinTechs have trailed behind innovation-targeting consumers – so looking back a decade ago, at the mere early rumbles of an eventual FinTech boom, it’s perhaps unsurprising that B2B FinTech was hardly a blip on the radar. Finding the Sweet Spots.

Compliance 184

Compliance Taxes Fintech Resources 184

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. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. .

Compliance 81

Compliance Technology Fraud Analytics 81

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” Compared to “insurtech” – regtech firms have been prominent players in the fintech firmament for years. ” Indeed.

blockchain 12

blockchain Trends Fintech social media 12

Lex Sokolin

DECEMBER 25, 2019

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. all Fintech unicorns?—?that It’s like watching Mint.com emerge in 2007.

blockchain 52

blockchain Bitcoin Software Lending 52

Lex Sokolin

MAY 13, 2019

The public markets are full of compliance costs, cash-flow oriented hedge fund managers, and passive index manufacturers?—?not The barrier to entry into the private markets is not just existing regulation?—?which not an environment for an Elon Musk-type to do their best work. which can change with legislation like the JOBS Act.

San Francisco 40

San Francisco Software Trends Google 40

Lex Sokolin

MAY 13, 2019

The public markets are full of compliance costs, cash-flow oriented hedge fund managers, and passive index manufacturers?—?not The barrier to entry into the private markets is not just existing regulation?—?which not an environment for an Elon Musk-type to do their best work. which can change with legislation like the JOBS Act.

San Francisco 40

San Francisco Software Trends Google 40

PYMNTS

SEPTEMBER 13, 2017

. “Because of that complexity, taxes are more complex – it’s a snowball effect. The way taxes are done in the construction industry is different than in other industries.” ” Indeed, the construction industry has dizzying tax rules that don’t apply to other verticals. .”

Management 129

Management Taxes Industry Trends 129

Gonzobanker

DECEMBER 19, 2017

FinTech threats and distractions. Heavy-handed regulators. While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. Oh, by the way, that Fintech darling of two years ago Lending Club?

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

MAY 22, 2017

Sure, digital invoices aren’t the most riveting of topics — but don’t be fooled: they’re at the center of B2B FinTech innovation, critical to a company’s bottom line. One of the most prominent conversations at the table is eInvoicing compliance. The discussion on eInvoicing is changing.

Compliance 104

Compliance Regulation Strategy Regional 104