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Combating inconsistency in risk management

Abrigo

When it comes to the risk management process, there is no one-size-fits-all approach. “It is as much an art as a science,” says Tim McPeak, risk management consultant at Sageworks. Other common manual errors include double counting income and debt-service and excluding necessary tax forms.

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Hacker Tracker: The Evolving Threat Of Tax Fraud

PYMNTS

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total. But that’s not all.

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Canadian Fintech Market Map

CB Insights

Our definition of fintech includes (1) technology companies that provide services to the financial services industry, and/or (2) technology companies that create, distribute, and administer financial products themselves. We expect this cohort to evolve as new players emerge and others falter or exit. Data is as of 10/8/2019. Regulatory tech.

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Personal Finance: Lessons For Young Adults

BankBazaar

Financial literacy is a broad term, but in simple terms, it can be defined as understanding basic financial concepts such as income, expenses, budgeting, savings, insurance, investments, taxes, risk management, assets and liabilities. Just click the link below to explore. Explore BankBazaar. This is a republished article.

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Global cash flow analysis – common mistakes & helpful hints

Abrigo

Obtaining business and personal financials, but not combining them into a single cash flow It may seem obvious that the above isn’t even a GCF analysis by definition, but this mistake happens. This may involve integrating multiple partnership and corporate tax returns, business financial statements, K-1 forms, and individual tax filings.

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My top five Decentralized Finance predictions for 2020

Lex Sokolin

If you raised money from SoftBank, you have to take on large risk, while the banks will take another 5 years to touch real DeFi. (2) 2) Risk management and regulatory transparency is paramount in DeFi, as leverage and systemic correlation threatens the ecosystem A lot of this space is self-referential and recursive.

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When Artificial Intelligence Meets Human Intelligence In SMB Accounting

PYMNTS

In addition to the standard numbers-crunching and tax filing, accountants are expected to serve as strategic advisors to small business clients. At the end of the year, at tax time, it was just ridiculous. Artificial intelligence is definitely coming into this industry,” he said. “I

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