PYMNTS

JANUARY 7, 2020

OneConnect used Guangdong’s “digital government” tech resources, as well as its own blockchain tech, AI and Big Data, to create the platform — which has access to data in 213 categories from 26 departments of government, and has connected with 129 financial institutions in the China province.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

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. resources. Financial Companies’ Security And Regulatory Obligations .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Disruption Ahead.

Data 260

Data Taxes Analytics Resources 260

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., There are approximately 1.56 Spend Control Challenges And Solutions.

Management 141

Management Taxes Groups Regulation 141

Abrigo

JUNE 30, 2017

The recent Accounting Firm Operations and Technology Survey (AFOT), available as a PDF eBook at CPA Trendlines , produced by Randolph P. percent provide tax preparation services. percent provide tax preparation services. The difference in consulting and compliance services can be vast when regarding price and staff requirements.

eBook 220

eBook Compliance Taxes United States 220

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

JULY 23, 2020

By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated. “GEP’s AP Automation solution is not an upgrade of a legacy system.

User Experience 140

User Experience Fraud Taxes Resources 140

Abrigo

JANUARY 14, 2021

payroll, tax forms) Employee/employer collusion Newly created and/or multiple bank accounts with abnormal transaction activity Consumer accounts rather than business accounts Rapid movement of money in and out of accounts Withdrawals made via cash or apps (i.e., Additional Compliance Checks Required.

Fraud 195

Fraud Compliance Community Trends 195

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

Abrigo

APRIL 13, 2017

Business owners don’t have to imagine the stress that this kind of tight situation can add to operating a business. The Definitive Guide to Improving Cash Flow explains how to identify areas where poor cash flow impacts the operations and growth of the business so the benefits of improving cash flow are clear and can inspire change.

eBook 170

eBook Analysis Resources Taxes 170

PYMNTS

APRIL 19, 2019

payroll processing company Payescape , said this area of the back office may have a larger influence on how accountants operate than some may believe. That’s particularly true when it comes to compliance and data security. However, Steven Jones, business development manager of U.K. In the U.K., In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

PYMNTS

AUGUST 20, 2019

That’s especially important as businesses gain scale, as they expand reach into new geographic areas — and as they grapple with AP operations. 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

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

Abrigo

JULY 17, 2017

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them.

Honolulu 150

Honolulu Taxes eBook Leadership 150

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. “Just think about a standardizing and cutting-edge IT system, and the resources needed to run it.” “Some observers will define the market as $10 million in the top line to $1 billion. .”

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

JULY 23, 2018

subscribers can now organize payroll entirely online, with all federal, state and local payroll taxes automatically paid and filed. Gusto also integrates with workers’ compensation, benefits — like health insurance or 401(k) retirement plans — and human resources. Xero’s U.S. Xero has 1.4

San Francisco 101

San Francisco Denver Software Taxes 101

PYMNTS

FEBRUARY 5, 2020

Typically, McGuire stated, a firm operating only in the U.S. 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.

Capital 152

Capital Taxes Compliance Payments 152

PYMNTS

OCTOBER 17, 2018

This forces many operations to continue using cash. Marijuana retailers] want to think about growing their businesses, enhancing operations and taking care of their employees,” she said. 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

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

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). What’s Changing. ” Lease Versus Buy. .”

Management 115

Management Compliance Company Data 115

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

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

FICO

FEBRUARY 27, 2019

Most respondents (62%) said that a lack of resources was the biggest reason APAC banks remained exposed; 25 percent cited a lack of expertise while 13 percent indicated it was political constraints imposed by government. Respondents had a difference of opinion on the most effective way to increase money laundering compliance.

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

DECEMBER 14, 2017

For cross-border merchants, expanding operations globally comes with a strain on their accounts payable divisions. Taxes, customs, language barriers and global payments are just some of the many factors that cripple their supply chain. This is especially true for companies in the manufacturing space. About The Report.

Trends 115

Trends Payments blockchain Report 115

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

JULY 3, 2018

Everyone thinks of win rates differently, and people use their metrics differently,” said Pallavi Kuppa-Apte, Head of Business Operations, Chargehound. It also saves the company from allocating resources to batch data entry at the end of the day or consolidating deposits from remote accounts. DadeSystems.

National 101

National Charlotte Regional Operations 101

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." All comments are my own, as his firm is a broker-dealer which would require a monumental amount of compliance review and disclosures. Such as having a real estate taxes savings account.

Taxes 60

Taxes Compliance Survey National 60

CFPB Monitor

MARCH 24, 2020

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. Enter into any contract for services material to the ILC’s operations (e.g., loan servicing function) with the Covered Company or any of its subsidiaries.

FDIC 60

FDIC Taxes Industry Policies 60

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

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

PYMNTS

JANUARY 19, 2021

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. As the seller of record, we manage the filing, the collection and the remittance of taxes in every jurisdiction.”.

Branding 322

Branding Taxes Fraud Regulation 322

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

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

FICO

JANUARY 23, 2018

Over the last decade, state and federal tax agencies have increasingly adopted predictive analytics. By deploying mathematically-derived predictive models across historical data and current tax filings, they can segment taxpayers into different collection strategies and select some for audit. So what's the next step?

Taxes 51

Taxes Compliance Resources Examples 51

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

NCR

MARCH 1, 2016

Operational Risk – Operational risk includes anything that could potentially affect a financial institution’s service and/or product delivery. This is a very broad category in terms of risk factors, ranging from breakdown of operations to employee neglect, to IT risks. Operational risks transcend all departments of a bank.

Risk Management 40

Risk Management Management Operations Meeting 40

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 64

Policies Regulation Taxes Compliance 64