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

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. Last year, Justworks raised $40 million for its payroll and human resources offerings in the U.S.,

Taxes 115

Taxes Resources Security Technology 115

PYMNTS

AUGUST 1, 2019

Whether out of choice or out of necessity, gig work is on the rise, and with it comes a slew of new challenges for this growing population of professionals — most notably, a lack of time and resources available to larger, more traditional businesses. According to Billel Ridelle, founder and CEO of newly-launched U.K.

Taxes 151

Taxes Resources Management Analysis 151

PYMNTS

AUGUST 20, 2019

Middle market companies need help navigating the complexities of accounts payable management, especially when it comes to cross-border, cross-currency payments. One solution may address tax issues, another currencies, and so on — and that approach, he said, works well for larger firms, but decidedly less well for everyone else.

Management 127

Management Payments Taxes Software 127

CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map. Data is as of 10/8/2019.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JANUARY 22, 2018

Expense management technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “Some observers will define the market as $10 million in the top line to $1 billion.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. Flexibility is Key.

Payments 153

Payments Compliance Technology Taxes 153

PYMNTS

NOVEMBER 20, 2020

Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. The world is flattening for businesses of all sizes that now find it easier than ever to expand across borders.

Compliance 154

Compliance Data Trends Payments 154

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

FICO

DECEMBER 15, 2016

When it comes to anti-money laundering (AML) and financial crime, the right strategy, people resources and technology can transform the compliance function into a competitive advantage. This year, as in 2015, I was intrigued to meet compliance professionals from around the globe, talking about the challenges in their markets.

Compliance 40

Compliance Report Meeting Groups 40

PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). “In retrospect, it was a big mistake. .

Capital 154

Capital Taxes Software Data 154

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. “ GDPR is a big safety net for all customers and employees, so that’s one thing that a lot of accountants now have to adhere to, and make sure that they are using technology and data in compliance with GDPR,” he explained. . In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

Abrigo

JANUARY 11, 2017

You don’t have to be a tax or accounting expert, in other words, to run the firm. Blumer explained that government-required compliance work related to taxes, payroll and audits provides the least value since other firms can easily do that type of work. As an entrepreneur, your goal is knowing how to deliver value to people.

Taxes 150

Taxes Compliance How To Innovation 150

PYMNTS

FEBRUARY 5, 2020

AP automation tackles those (and other) back-end functions, such as streamlining the onboarding of gig personnel, automating tax compliance for their W-9s, paying global freelancers in local currencies, reconciling payments and integrating with ERP systems. “That starts to get expensive quickly,” he said. The Gig Economy.

Capital 152

Capital Taxes Compliance Payments 152

PYMNTS

OCTOBER 17, 2018

GFA joins a small, but steadily growing, group of CUs that are offering financial services to this emerging market. Its desire to work with the emerging marijuana market parallels why GFA was founded in the first place. GFA will also follow compliance guidelines and take steps to ensure it only engages with legitimate retailers. “We

Colorado 126

Colorado Massachusetts US Industry 126

Abrigo

OCTOBER 17, 2014

Business clients see their accountant as a trusted resource with the knowledge and expertise to help them improve their business and avoid pitfalls. Providing business valuations is a type 2 service, or a higher-level engagement beyond traditional accounting, auditing and tax services. 21 at 1 p.m. Here are four: 1.

Taxes 191

Taxes How To Training Resources 191

Abrigo

MAY 31, 2016

Designed so that each chapter can be read in 3 to 5 minutes, the book is an easy way to get small doses of advice and inspiration from top experts in firm strategy, compensation, marketing , client relations, client retention and technology.

Strategy 150

Strategy Taxes How To Resources 150

Abrigo

JANUARY 28, 2015

Much like tax forms were once frequently completed with just a calculator, pencil and paper, the same is true of a business valuation. Compliance. Each option has its own merits, and the decision maker has a few items to consider when building or buying. Human error. Microsoft Office’s Excel is a clear winner for usability.

Taxes 150

Taxes Compliance Course Software 150

PYMNTS

FEBRUARY 19, 2018

As a result of the relative lag in technology adoption, organizations are less adept at getting all the information they need to streamline those supplier relationships, such as tax information or other crucial items that he said “cry for information … it’s a very risky process to pay the wrong people.”.

Management 129

Management Taxes Resources Payments 129

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. who are already reaching that market and network with them to benefit from their knowledge and experience.

Meeting 191

Meeting Taxes Industry Strategy 191

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. This deal allows Emergent to extend operations of its digital payments operation, Emergent Payments, into 70 emerging markets.

Mobile 212

Mobile social media Taxes Technology 212

Abrigo

AUGUST 14, 2017

When business owners think of their accountant, some might immediately think of the money they pay for tax preparation, an audit or other compliance services – the type of service “a client doesn’t want but needs,” as accounting thought leader Allan Koltin has described “Level 1” or “Type 1” services.

social media 150

social media eBook Taxes Examples 150

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). ” Lease Versus Buy. .”

Management 115

Management Compliance Company Data 115

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

“It is interesting that we are seeing business analysts rise to the top of the list, as small businesses have traditionally relied on accountants in their growth phase,” said Indeed’s Senior Vice President of Human Resources Paul Wolfe in a statement at the time. “It’s manual-intensive, error-prone, and hard to hire and train for.”

Taxes 179

Taxes Technology Tools Industry 179

PYMNTS

MARCH 14, 2018

Cryptocurrencies expose the markets to financial instability and crime, like money laundering. Distributed ledger technology can be used to speed up information-sharing between market participants and regulators,” she wrote. Also this week, Evident Proof announced the rollout of its blockchain- and token-powered compliance solution.

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

OCTOBER 10, 2018

According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance. ” He added that financial institutions must explore more innovative ways to mitigate risk, ensure compliance and combat fraud, without compromising the customer experience.

Fraud 116

Fraud Compliance Innovation Payments 116

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations.

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

DECEMBER 14, 2017

Taxes, customs, language barriers and global payments are just some of the many factors that cripple their supply chain. The PYMNTS X-Border Receivables Report , a Flywire collaboration, is your go-to resource for staying up to date on a bimonthly basis about the notable changes and shifts in the cross-border receivables market.

Trends 115

Trends Payments blockchain Report 115

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

Jeff For Banks

JUNE 11, 2018

"The legacy [of build it and they will come] is an inefficient allocation of resources dedicated to supporting a less relevant delivery channel." With all of our hubris about how great community banking is compared to national banks, we are not winning market share from them. Such as having a real estate taxes savings account.

Taxes 60

Taxes Compliance Survey National 60

PYMNTS

JULY 3, 2018

It also saves the company from allocating resources to batch data entry at the end of the day or consolidating deposits from remote accounts. Obstacles such as regulatory challenges, compliance with standards like GDPR and trade concerns were among the top reasons that companies were unable — or chose not — to go global.

National 101

National Charlotte Regional Operations 101

PYMNTS

JANUARY 19, 2021

The shift to digital commerce has opened up new markets for companies across all verticals and sizes. But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

JANUARY 4, 2017

Peter Butterfield, chief compliance officer for Flywire, pointed out that the low-volume, high-value payments are being sent by people who are likely to be unfamiliar with the payments ecosystem of the country where their payment is being sent and unaware of the potential risk involved. Other markets, such as health care, may also be at risk.

Fraud 102

Fraud Training Payments Resources 102

Gonzobanker

JUNE 18, 2019

So a banker can finally see some due diligence, get a handle on what it would cost to move to these core systems, and pass muster on regulatory compliance. If we are lucky, technology costs will move from a tax on the organization to more of an investment in competitiveness to take on the big boys. Having new players in town is good.

System 87

System Strategy Technology Industry 87

PYMNTS

FEBRUARY 10, 2017

It’s an ambitious plan, but being at the center of Europe — where corporates, startup resources and policy makers all converge — and having a buzzing hub of entrepreneurship provide a strong foundation for the country’s digital revolution goals. However, there are some challenges that startups operating in Brussels do have to overcome.

Capital 100

Capital Regional Innovation Fintech 100

BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. These firms acquire capital by pooling their financial resources and taking loans from banks.

Policies 65

Policies Regulation Taxes Compliance 65