PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping.

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

OCTOBER 9, 2019

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. percent rate. percent rate.

Bitcoin 116

Bitcoin San Francisco Taxes Compliance 116

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. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Abrigo Compliance & Engagement Director Terri Luttrell, CAMS-Audit, says that fines against individual BSA professionals are rare. The recent $450,000 fine of U.S. Ensure good documentation.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

SEPTEMBER 4, 2018

Payroll is a popular target for FinTech innovators looking to add automation, data analytics and other technologies into the process for more accurate, faster, digital payroll. One of the largest points of friction, he said, is tax compliance. “A

Tools 100

Tools Taxes Software Management 100

PYMNTS

JANUARY 15, 2021

But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. He pointed to Circle’s own advocacy of an open standard for digital dollars as an example (the company also has a consortium that brings stakeholders together to spur financial innovation). Still In Learning Mode . “A

Regulation 253

Regulation US Payments Compliance 253

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. More attention is also turning to gaining competitive advantage from under-used customer data collected via conventional operations. Customer Value.

Big Data 143

Big Data Data Analytics Examples 143

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. As corporates of all sizes continue on their digital transformation journey, Deleval noted that payments innovation has become an instrumental piece of the puzzle in addressing mid-market expense management.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

OCTOBER 7, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. What that might be remains unclear, but the fate of the SAFE Banking Act and larger political concerns will help dictate that, as will the success of various states to innovate new ways of cannabis payments.

Payments 213

Payments Ohio Cards Industry 213

PYMNTS

NOVEMBER 22, 2016

Financial solutions company Comdata has a long history of innovating payments and assisting businesses with their finances. If we could do that for the small fleet operator, we would help them be more competitive in the marketplace.”. We are the largest filer of International Fuel Tax Agreement taxes in the U.S.,”

Taxes 100

Taxes Capital Compliance Operations 100

PYMNTS

MARCH 27, 2019

“We’re excited to be partnering with innovative organizations such as Big Bang ERP, Procurify and Tesorio to bring highly scalable payables operations to a wider audience,” said Tipalti CEO Chen Amit in a statement.

Taxes 115

Taxes Compliance Management Payments 115

PYMNTS

MAY 14, 2018

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

Compliance 130

Compliance Guidelines Industry Taxes 130

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. Unfortunately, the report found, recent tax reform in the U.S.

Fraud 115

Fraud Survey Taxes Regulation 115

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

PYMNTS

JULY 23, 2018

We’re partnering with Gusto because we have a shared vision for building innovative new solutions that help small businesses and accountants thrive in the new economy,” Xero Americas President Keri Gohman said in a press release. The partnership will allow Xero to deliver full-service payroll in all 50 U.S. states for the first time.

San Francisco 101

San Francisco Denver Software Taxes 101

PYMNTS

MARCH 27, 2020

While open banking FinTech innovation has initially focused on opening up bank account data to third party platforms, there is another component to the initiative with major implications for the payments landscape. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

DECEMBER 12, 2018

The American Bankers Association has stated that “we believe the time has come for Congress and the regulatory agencies to provide greater legal clarity to banks operating in states where cannabis has been legalized for medical or adult use.”. There will be some attention, of course, on how cannabis firms can access banks.

Company 170

Company Taxes Compliance Industry 170

FICO

MARCH 5, 2019

I agree with Mike Cutter at Equifax, that innovation holds the key to the path beyond the Royal Commission. I will revisit each of these themes in more detail in future posts and what innovations exist to address them. The post Banking Royal Commission An Opportunity For Digital Innovation appeared first on FICO.

Innovation 58

Innovation Lending Regulation Industry 58

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. On another front, you have digital disruption and fintech innovation, forcing bankers to step up their investments in transformation and more aggressively attack their existing business models.

Leadership 97

Leadership Compliance Strategy Branding 97

Bank Innovation

MAY 9, 2017

Open finance is a story about innovation through interoperability and interoperability has become a major industrial force in modern economics. There is a need to provide the premium utilities (Data, Capital, Security, Compliance, Identity) and the platforms aggregate, assemble and deliver them. To a degree.

Data 191

Data Trends Industry Examples 191

BankBazaar

JANUARY 31, 2021

We await the operational details of the scheme now. However, in case of serious tax-evasion cases (Rs. Affordable housing projects to get a tax holiday for one year. Compliance burden of small trusts whose annual receipts does not exceed Rs. In urban areas, 83.7 percent of families paid out of their savings, with 8.5

Metro 122

Metro Taxes National Survey 122

PYMNTS

MARCH 22, 2017

That was one of the voices from the Innovation Project’s panel on “The State of Cannabis and Commerce in the U.S.,” 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.

Payments 123

Payments Taxes Colorado District of Columbia 123

PYMNTS

MAY 14, 2018

And as the ability to send payments electronically becomes faster and cheaper with innovation, it seems like doing business globally should no longer be a big deal. A lot of innovation has focused on accounts receivable for businesses on marketplace platforms with a global reach. Risk and Compliance. Methods Available Today.

ATM 101

ATM Compliance Regulation Cards 101

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Screen scraping data quickly becomes passe, and the state-of-the-art is leveraging APIs to better integrate.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

FEBRUARY 10, 2017

The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). This has the potential to setup Brussels a top destination for companies looking to escape the uncertainty of operating in a post-Brexit U.K. environment.

Capital 100

Capital Regional Innovation Fintech 100

Insights on Business

JANUARY 21, 2020

This makes sense, as two of the legitimate uses of shell companies are the ability to shield owners from litigation and as a vehicle for tax avoidance (not evasion). Besides reducing tax burdens, shell structures are a great mechanism for hiding money laundering and funds from organized crime activities as well.

Company 103

Company Taxes Data Management 103

Insights on Business

JANUARY 21, 2020

This makes sense, as two of the legitimate uses of shell companies are the ability to shield owners from litigation and as a vehicle for tax avoidance (not evasion). Besides reducing tax burdens, shell structures are a great mechanism for hiding money laundering and funds from organized crime activities as well.

Company 91

Company Taxes Data Management 91

PYMNTS

JANUARY 17, 2019

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. The evolution of payroll is all about pushing back against the notion of one-size-fits-all. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

PYMNTS

JANUARY 8, 2020

Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.

Mobile 141

Mobile Payments Data Technology 141

PYMNTS

FEBRUARY 13, 2018

A chief financial officer and his or her team can not only spend hours managing B2B payment operations, but employees can also introduce risk into every step along the way. It is quite clear that it’s time for the payables operation to take advantage of automation,” said Oren Zeev, founding partner of ?Zeev Early Payments.

Branding 103

Branding Payments Operations Resources 103

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. It’s an operational challenge we see across the board.”

Regulation 101

Regulation Data America Payments 101

PYMNTS

MARCH 2, 2018

This volume of investment reflects the soaring demand within financial services for new digital innovations as these technologies prove their value and applicability in the market,” said Accenture Financial Services Group Chief Executive Richard Lumb in another statement. billion, growing at a compound annual growth rate (CAGR) of 47 percent.

Fintech 118

Fintech Capital blockchain Lending 118

Independent Banker

DECEMBER 31, 2021

Badger Bank is having trouble finding staff “across the board,” from operations to tellers and trust officers. “We For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says. Planning for increased compliance costs. Click to enlarge. It’s a struggle.”.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

DECEMBER 18, 2018

. “The accounting profession is rapidly transitioning from compliance to trusted advisor ,” he said in a recent interview, “and these tools will allow them to develop foresight with the client, rather than reporting only on what has happened after the fact — hindsight.”

Management 134

Management Fintech Tools Technology 134

Insights on Business

JULY 20, 2017

It also creates its own products and has its own back-office operations. 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. Open banking is here, and it is far from being a compliance exercise.

Fintech 181

Fintech Mobile Examples Data 181

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Acronym of the Year. Has to be M-O-E. The most important aspect of this deal is Huntington.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

NOVEMBER 9, 2017

Where there’s friction, there’s also the creativity of an innovator devoted to reviving platforms that collapse those clunky and inefficient processes and embed payments into software that SMBs can onboard without the pain of protracted integrations.

Software 100

Software Payments Management Compliance 100