PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

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. "A Physical documents introduce a trove of friction points for the enterprise. Take the electronic invoice, for example.

Compliance 157

Compliance Taxes Industry Data 157

Abrigo

JULY 20, 2017

AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. Electronic Tax Return Reader (ETRR). The annual report features Sageworks as a credit risk software vendor alongside global technology and financial leaders SAS and UBS Delta. ALLL – Allowance for loan and lease losses.

Software 150

Software Report United States Compliance 150

Gonzobanker

AUGUST 17, 2022

Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here. Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space. Core is Still Core (Curriculum).

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. said an industry shift to digital makes sense, as there is “a brutal combination for insurance carriers right now,” where brand loyalty is on the decline.

Taxes 101

Taxes Payments social media Policies 101

PYMNTS

OCTOBER 8, 2019

Yet, the continued struggle for industry players to be adequately banked and have access to the right financial services impacts operations far beyond the POS, explained Dan Henry, chief executive officer of Dama Financial. Dama Financial recently announced an integration into Helix’s Amercanex platform to fill that gap.

Compliance 114

Compliance Guidelines Industry Taxes 114

PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

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

Funding Managing through many issues Executive leaders of small community financial institutions face complex issues, considering the economic environment and ongoing industry and regulatory changes. For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. ” From Onboarding to Compliance. A Payments Balancing Act. “We started out with spreadsheets just like everybody else,” he said.

Taxes 131

Taxes Compliance Payments Data 131

PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. And Former U.S. Privacy Advocates Fear Google Will Mine Fitbit’s Health Data. Google’s $2.1

South Dakota 101

South Dakota Apple Taxes Cards 101

PYMNTS

MARCH 26, 2018

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. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

OCTOBER 14, 2020

To address this discomfort and knowledge deficit, especially among the large multinational corporations, cash management and other treasury investors it is now pursuing, Ehrlich stresses the fact that Voyager’s top priority is security.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

JANUARY 22, 2018

There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance.

Management 116

Management Compliance Taxes Marketing 116

Cisco

APRIL 26, 2022

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. The financial services industry is looking to the promise of artificial intelligence (AI) and the elastic scalability of the cloud. What Lies Ahead.

Big Data 148

Big Data Data Analytics Examples 148

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

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

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. Introduction The seriousness of 1st-party fraud In the financial services industry, fraud has stood as a grim monument to the enduring nature of financial deception. The scam here is an inside job, making it inherently more elusive.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. ” The Small Business Banking Impact.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

APRIL 19, 2019

Jones noted that this is part of a broader shift in accounting: While FinTech may be seen as a force that takes work away from accountants, the industry is beginning to see this as a way to free up valuable time for accountants to step up to the role of advisor. That’s particularly true when it comes to compliance and data security.

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

JANUARY 2, 2020

The fine for non-compliance is going to be ?5,000 5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp.

Cards 130

Cards blockchain Cyber Security Retail 130

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

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ? Image credit : [link]. Blog Accountant'

Taxes 191

Taxes Survey Technology Comparison 191

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. There are industries that are still cash-based, among them: the medical marijuana trade. The cash versus cashless debate is complicated.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. Indeed, the last two weeks were dominated by small, early-stage investments staggered across a variety of industries, from T&E to alternative lending to B2B eCommerce. 1) that it secured $32.2 with an $18 million investment. Numberz.in.

Fintech 100

Fintech Capital Lending Taxes 100

Gonzobanker

OCTOBER 26, 2021

Cornerstone Advisors estimates $145 billion of pre-tax revenue has disappeared for bankers via margin compression in only the past two years. Whatever the good intentions of these new mandates, any new compliance orders require resources, change management, and an understanding of the unintended risks that could arise.

Leadership 97

Leadership Compliance Strategy Branding 97

PYMNTS

JANUARY 9, 2019

Enrico Palmerino, CEO of automated bookkeeping company botkeeper , explained in a recent PYMNTS interview that behind this change is the industry’s effort to tackle long-standing points of friction in the small business bookkeeping market — and to replace that friction with technology driven efficiencies.

Taxes 179

Taxes Technology Tools Industry 179

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

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

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 22, 2017

I think that is just a very cynical mixed messages to send out to the industry.”. Coley, Regulatory & Compliance Principal and Former Fed Bank Examiner Dante Tosetti and Green Bits CEO Ben Curren. They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes. No Silver Bullets.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

MARCH 2, 2018

where slower economic growth and industry uncertainties due to Brexit have been an issue, it is an encouraging sign.”. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. This week, ZenBusiness secured $4.5

Fintech 118

Fintech Capital blockchain Lending 118

Insights on Business

MARCH 25, 2019

Money laundering and terrorist financing continue to cripple economies, distort international finances, erode trust in the financial industry and harm citizens around the globe. Understanding that having the right information readily available is the first step in managing compliance risk. Learn more at ibm.com/RegTech.

Compliance 98

Compliance Taxes United States Data 98

PYMNTS

APRIL 1, 2019

Gig work is now available in nearly every industry, and it is beginning to disrupt traditional ideas regarding career paths and earnings. . These platforms can transfer money securely with blockchain-enabled transactions, which keep the funds safe from cybercrime while adhering to global financial regulations.

Payments 183

Payments Survey Online Company 183

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.”. The evolution of technology is really changing the way business-to-business is done,” he said.

Mobile 141

Mobile Payments Data Technology 141

PYMNTS

AUGUST 5, 2019

That new industry is growing, and new services, including online ordering and delivery, are rising to meet consumer demands for legal pot. One of the toughest parts of Know Your Business (KYB) compliance is understanding that the bad guys mimic what the good guys already do. Onboarding Stage.

Company 163

Company Payments Fraud Meeting 163

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. in a manner that the Secretary determines appropriate to assess compliance” with the amendment. Requirements.

United States 78

United States Taxes Regulation Compliance 78