PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

blockchain 206

blockchain Taxes Security Survey 206

PYMNTS

DECEMBER 10, 2020

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

MAY 28, 2020

Giant tech companies are seeking deals at their fastest pace in years, fueled by COVID-19 despite an increase in scrutiny by regulators. have made 19 deals so far this year, according to Refinitiv, the London-based global provider of financial market data. The Financial Times reported Google, Amazon.com, Apple Inc.

New York 132

New York social media Washington Regulation 132

Bank Innovation

MAY 11, 2017

rehabilitation and growth has lagged behind the rest of the world, youth unemployment in the region continues to grow, political unrest is destabilising the continent, the progressive socio-economic pledge of Europe is being challenged and vitally, Europe has failed to develop any new corporate global powers for the digital age.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

FICO

OCTOBER 26, 2017

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). CRS reporting is more of a regional topic (e.g., Managing FATCA/CRS Regulations with One Tax Compliance & Reporting System.

Taxes 53

Taxes Compliance Report US 53

Abrigo

DECEMBER 18, 2023

But Kirby recommended examining data and surveys used to support this idea. Certainly, one asset class, the regional mall, is quite dead,” Kirby said. Morgan data. CRE loan management tips Recent guidance on CRE loan modifications and workouts is evidence that regulators are concerned about managing CRE risk.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Amid a wave of new surveys released on small business sentiment, PYMNTS wades through the data to examine how entrepreneurs are handling the array of worries with which they must deal.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Bank Innovation

MAY 9, 2017

Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model. Banks have a tremendous amount of data that is not covered by the PSD2 mandate. It helps to contextualise purchasing decisions and distil the burden of opportunity cost. Premium APIs.

Data 191

Data Trends Industry Examples 191

PYMNTS

OCTOBER 7, 2020

This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps. Data analytics is another critical tool that eCommerce payment providers can leverage in their anti-money laundering (AML) efforts. How Payment Providers Stop Money Laundering.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The year-over-year increase in cross-border online sales was even more dramatic in other regions. Credit Union. Preventing Financial Crimes.

Trends 259

Trends Video Retail Payments 259

PYMNTS

DECEMBER 8, 2016

businesses are attracted to digital invoicing for a slew of financial benefits: faster, more efficient accounts payable and reconciliation processes, a reduction in the threat of errors due to manual data entry and ability to capture early payment discounts thanks to an accelerated invoice management process. In the U.S., Still, U.S.

Compliance 100

Compliance Regulation Taxes Fraud 100

BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Moreover, it asks for research on an appropriate time horizon over which the risks should be considered and how scenarios and forward-looking data should be used.

Capital 103

Capital Policies Tools Regulation 103

PYMNTS

MAY 22, 2017

They all hit different parts of the enterprise, too, he continued, touching accounts receivable and accounts payable, some on local and regional scales, some on a global scale. “I Sometimes, regulations vary across jurisdictions on matters as seemingly straightforward as what constitutes an eInvoice at all.

Compliance 104

Compliance Regulation Strategy Regional 104

BankUnderground

MAY 22, 2024

It is calculated by taking a household’s mortgage payments (including interest and principal) and dividing them by their pre-tax income. Some countries have regulations in place that restrict lenders’ ability to issue mortgages to borrowers that exceed certain DSR limits. Both samples are based on repeated cross-sectional data.

Survey 55

Survey Lending Policies Analysis 55

Insights on Business

JULY 20, 2017

Open banking is a term that is associated with a broad set of initiatives that align to one of these three principles: Banking customers are empowered as the owners of their financial data. . Customer data has been traditionally locked in banks’ IT systems, but this practice is changing. The data aggregator.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

MAY 22, 2019

Some of the difficulty is that alcohol is one of the most regulated retail goods – and those regulations aren’t always consistent state to state, or even town to town. That data feeds the artificial intelligence to generate suggestions for future boxes. where the sale of alcohol is still illegal. shipping fee.

System 108

System Retail Regulation Online 108

PYMNTS

OCTOBER 10, 2017

Regional Trends. percent through 2020, led by growing global trade as B2B payment volumes in the region rise. Multinational banks and corporations seek better industrywide standardization and harmony among regulations,” he said in a statement. “As percent between 2015 and 2020 — significantly lower than the 11.2

Payments 124

Payments Regional America Trends 124

Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

MAY 23, 2017

Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. For both executives, some of the data came as a surprise. And the one person you don’t want to annoy are the revenues and customs regulators.”.

US 100

US Compliance Taxes Trends 100

Abrigo

FEBRUARY 23, 2023

The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. The result? Talk to a specialist to learn more.

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

MARCH 21, 2018

Globalization, while supporting business growth, places new pressures and challenges on the payroll department — particularly when it comes to compliance and the need to manage regulations that continue to evolve both within and across borders. But just as regulations are changing at “light speed,” technology is too.

Compliance 109

Compliance Survey Resources Regulation 109

PYMNTS

JULY 15, 2019

And regulators in the U.S. Tomorrow, July 16, Marcus will go to Washington for the first of what will likely be an ongoing series of meetings with global regulators and legislators. But will regulators want to come to the table – or is it more likely they will want to shut it down? Regulators in first-world places like the U.S.,

Regulation 100

Regulation cryptocurrency Policies blockchain 100

South State Correspondent

MARCH 15, 2023

Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. Many banks will park this liquidity in cash or short-term securities in an attempt to get ahead of higher required capital ratios that are likely forthcoming from regulators.

social media 195

social media FDIC Branding Management 195

PYMNTS

JANUARY 30, 2018

But it’s a significant milestone nonetheless that federal regulators will be required to pay suppliers via eInvoice by the end of fiscal year (FY) 2018, meaning 19 million invoices government agencies pay every year will have to be electronic. Of all the regulatory changes occurring in the U.S. This is a significant mandate because the U.S.

US 106

US Minneapolis Regional America 106

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Payments 2016: The Year Of The Emergence Of The Global Citizen.

Payments 113

Payments eBook Regional Study 113

FICO

FEBRUARY 27, 2019

Recent Asian money laundering scandals continue to shake up the financial world, and the ripple effect is still keenly felt across the region. To add to the concern, new types of transactions outside of banking are emerging as money laundering risks in the region. Tax Evasion: Have We Learned the Panama Papers Lesson?

Compliance 45

Compliance Regional Survey Analytics 45

PYMNTS

JUNE 27, 2019

.” That lack of awareness can be damaging to the economy: An entrepreneur who fails to obtain a bank loan may give up on the business venture altogether, losing out on an opportunity to generate revenue, create jobs and contribute to the broader economy through tax payments. Localizing Capital. Bureau of Labor Statistics.

Capital 145

Capital Community Oklahoma Maine 145

FICO

DECEMBER 9, 2019

In highly regulated countries, like the UK, these changes should be a positive experience for people in debt. Where financial services is not so regulated, these changes will be a challenge. The UK is one of the highest leveraged regions in Europe, which leads people more vulnerable to an economic downturn. They keep borrowing.

Analytics 52

Analytics Regional Strategy Regulation 52

PYMNTS

JULY 29, 2016

With a lower cost of living and one of the lowest corporate tax rates in Europe, Ireland is an attractive prospect for multinationals. eyes are falling on tech centers across Europe to see who will step up as the next great tech hub in the region. The latest data seems to back up Bushnell’s point. s decision to exit the E.U.,

Fintech 100

Fintech Innovation Taxes Regional 100

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. Has to be M-O-E. Bank Merger of the Year. So which merger was the best in 2021?

Fintech 143

Fintech Strategy Leadership Lending 143

Jeff For Banks

JUNE 30, 2017

Professor of city and regional planning at the University of Pennsylvania. Dodd-Frank, the CFPB, and regulators "disparate impact" doctrine are pushing community financial institutions out of consumer banking. They pay no Federal income taxes. These disclosures are required by law and bank regulators. Even in spite of it.

America 60

America Report Pennsylvania Regulation 60

FICO

MARCH 6, 2020

Our high-performance analytic reporting solution built with latest technology offers a portfolio of data visualization dashboards and processes massive data volumes in no time. Finally, the suite includes comprehensive Tax Compliance & Reporting capabilities to support FATCA and CRS requirements. In the U.S.

Compliance 81

Compliance Technology Fraud Analytics 81

FICO

DECEMBER 21, 2016

To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Firms should be investing in new sources of data and data aggregation tools to help improve KYC compliance, onboarding, and customer risk profile monitoring.". We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40