Remove Exercises Remove Innovation Remove Operations Remove Taxes
article thumbnail

Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Payments for goods between suppliers, wholesalers and retail distributors are in cash; payments to employees are in cash; tax payments are in cash; even paying the power company and water bill are contingent on cash. There have been some large-scale crashes that have effected the industry pretty dramatically,” Ralston said. “The

article thumbnail

Open banking APIs are open for business

Insights on Business

It also creates its own products and has its own back-office operations. It used our cloud platform to create a “developer hub” that is offered to fintech as a platform for innovation. By doing so, they can log in to an accounting platform and complete their tax return in a few minutes. Open banking for all. Next steps.

Fintech 181
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The operative question is: given online and mobile banking, what is the new role of the branch? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers. Branching is expensive – banks need to use the asset wisely.

Data 195
article thumbnail

The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

To combat this speed, banks must get innovative to offer greater protection for uninsured deposits. This should be a standard operating procedure at every bank. Every bank should train and conduct tabletops exercises on crisis management down to customer outreach. SVB showed what happens when this risk is realized.

article thumbnail

Financial Crime: Technology can Transform Compliance

FICO

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. Finally, the suite includes comprehensive Tax Compliance & Reporting capabilities to support FATCA and CRS requirements. How long have you been in the industry? Why is Anti Financial Crime so important?

article thumbnail

Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs

PYMNTS

In an interview, Jason Rader, national practice director for security at Insight’s Cloud and Data Transformation operation, said the European Union’s General Data Protection Regulation (GDPR) might be a point from which firms can begin preparing for new regulations. Privacy and Competition. On Taxation.

article thumbnail

2018: Another Growth Year for Blockchain

Bussman Advisory

Ripple became a fully operational platform with over 100 members and payment volumes in the billions, and industries began to form blockchain business networks, for example, the Digital Trade Chain consortium (DTC) in trade finance. We did see some notable successes in this regard. See disclosures below.).