PYMNTS

SEPTEMBER 16, 2020

Below, PYMNTS rounds up the latest in bank-FinTech collaborations and open banking efforts from challenger bank Countingup, eMoney institution Eedenbull and others. Eedenbul Secures PSD2 License. Via the Salt Edge API, Deskera can aggregate data from more than 5,000 FIs to automate invoicing, taxes and other workflows for its SMBs.

Taxes 141

Taxes Fintech Payments Security 141

PYMNTS

DECEMBER 18, 2018

” Kepczyk described this market as the “wild west,” as more technologies and FinTech innovators enter the small business financial services space, not only to automate, but to provide deeper insights into company finances and enable predictive analytics involving too much data for one (human) accountant to manage.

Management 134

Management Fintech Tools Technology 134

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. Earlier this month Ireland-based Immedis secured $28.2 while Gusto , another U.S.

Taxes 115

Taxes Resources Security Technology 115

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

NOVEMBER 23, 2020

Being resourceful entrepreneurs, more SMBs began exploring the universe of FinTech payment offerings last spring and adding app-driven, platform-based solutions to solve imminent cash flow problems. And there's a security … that sits with a check. The security that comes with a paper check is huge … especially around paying taxes.”

Data 143

Data User Experience Fintech Lending 143

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. QR codes [are] an excellent example of the innovation we will see on the back of Payments Initiation. Opening The Door To QR Codes.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. And one that should be every innovator’s anthem: “ Well done is better than well said.”. Three things that today seem more like talk than truly transformative innovations. Then, there are the claims being made by innovators about its potential. Benjamin Franklin.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MARCH 9, 2020

By teaming up with ezbob, we’ll be able to help our customers secure the finance they need in a matter of minutes, giving them the edge in today’s competitive market.”. The bank had to rework its strategy after results in Q4 showed a pre-tax loss of £130.8 The bank no longer plans to open 15 new locations in northern England.

Metro 142

Metro Lending Strategy Capital 142

PYMNTS

SEPTEMBER 17, 2019

Square Launches SMB Tax ID Tool. Its purpose is to simplify the challenging EIN acquisition process to create a separate tax infrastructure for the business. One firm’s use of virtual and purchasing cards, however, enables it to make secure as well as efficient payments across a network of thousands of subcontractors and suppliers.

Payments 100

Payments Taxes Regulation Tools 100

PYMNTS

APRIL 2, 2018

Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” International Innovation, With a UK Focus.

United States 110

United States social media Arizona cryptocurrency 110

Cisco

APRIL 26, 2022

Their goal is to move beyond tax-related services to deliver a holistic financial services platform to small businesses and their employees, inclusive of banking services. This momentum is also being fueled by growing adoption of cloud-native fintech solutions that are built on these capabilities.

Big Data 148

Big Data Data Analytics Examples 148

Independent Banker

MARCH 31, 2022

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. It’s an honor to work with them as we focus on advocacy, education and innovation for the community banking industry.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 6, 2019

At a high level, FIs have been concerned about how data is used, accessed and monetized by these aggregators, as FinTech firms have made headway in providing apps and services. FIs, in turn, must also protect the security and integrity of that data, all while giving consumers a sense of control over how and where it’s being used.

Data 132

Data Fintech Meeting Taxes 132

PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports.

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

JANUARY 22, 2018

There is another market segment, however, that similarly struggles to secure this Goldilocks effect, with products that aren’t too small and aren’t too large: the middle market. ” Enhanced technology is far from the only factor innovators must keep in mind when targeting the middle market, however. .

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. counterparts are not available.

Fraud 116

Fraud Compliance Innovation Payments 116

PYMNTS

DECEMBER 12, 2019

requirements that FinTechs must obtain a bank charter to access payment rails directly. that aim to lower barriers for FinTechs to participate, she said. This is an opportunity for collaboration, Killam said, particularly between FinTechs, traditional FinServ providers and the public sector. From Implementation to Integration .

Payments 181

Payments Regulation Marketing National 181

PYMNTS

FEBRUARY 10, 2017

The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). Just last month, Belgium and London formed a “FinTech bridge” to help enable a supportive link between startups in both jurisdictions. environment.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

JANUARY 31, 2019

In addition, Grab plans to start offering solutions and privileges from United Overseas Bank Limited (UOB) in Singapore , Fintech firm BPP has unveiled a digital wallet dubbed BPP Pay for the Brazilian market and passengers from China can now make payments with WeChat Pay at an airport in Italy.

Cards 108

Cards Operations Payments Taxes 108

PYMNTS

DECEMBER 28, 2018

Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” The Small Business Banking Impact.

Compliance 186

Compliance Regulation blockchain Taxes 186

Insights on Business

JULY 20, 2017

The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. They are the mechanism that banks use to exchange customer data with other parties in a simple and secure way. The fintech hub. The mobile payments hub. Open banking for all.

Fintech 181

Fintech Mobile Examples Data 181

PYMNTS

SEPTEMBER 27, 2019

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35 Everledger.

Payments 149

Payments Capital Taxes Lending 149

PYMNTS

JANUARY 9, 2019

It’s perhaps unsurprising, then, that small business accounting remains a top target of automation technologies, particularly as innovations like AI and robotics process automation (RPA) seep deeper into the field. These technologies have also heightened anxieties about the potential for technology to replace human talent outright. .

Taxes 179

Taxes Technology Tools Industry 179

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so. In Spain, regulators are reportedly exploring how to support blockchain developers.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. Technological Innovation. Compliance is still a major challenge.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

JULY 7, 2017

has taken the week to celebrate its Independence Day, but the rest of the global FinTech scene was busy funneling cash into B2B startups. investors placed nearly $50 million into B2B FinTechs, with particular attention on startups disrupting the supply chain management and corporate banking spheres. The company said it secured $8.5

Capital 100

Capital Fraud Management Fintech 100

Insights on Business

MARCH 18, 2019

Not just a limited scheme, between 2006 and 2013 it facilitated fake trade deals, reinsurance fraud, tax evasion, hidden investments, a fuel pricing fraud scheme at Sheremetyevo Airport—and much more. AML involves multiple types of fraud, tax evasion, illegal trades and other crimes. The recently revealed $8.8

Taxes 156

Taxes Compliance Fraud Maine 156

PYMNTS

JANUARY 23, 2017

Dabbling in FinTech innovation, expanding internationally, integrating digital systems — businesses must make progress, but they’re facing unfamiliar threats as they make these moves. And we’re not just talking about cyberattacks. The report found that more than half of these breaches (55.5

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna Security. Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts.

US 116

US Capital California San Francisco 116

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. That’s a big claim. as of January 2019. Not exactly.

Payments 201

Payments Cards Operations System 201

Bussman Advisory

OCTOBER 4, 2017

We think banks must focus on putting the infrastructure in place to build such value chains in financial services too – for example, by taking advantage of the burgeoning third-party Fintech offering. This can be within financial services, for example by providing insurance, accounting and tax services, or data analytics. Image Source.

Google 67

Google Examples Innovation Analytics 67

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. On another front, you have digital disruption and fintech innovation, forcing bankers to step up their investments in transformation and more aggressively attack their existing business models.

Leadership 97

Leadership Compliance Strategy Branding 97

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” Compared to “insurtech” – regtech firms have been prominent players in the fintech firmament for years. ” Indeed.

blockchain 12

blockchain Trends Fintech social media 12

PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., The point: to ensure laws and regulation would not negatively impact innovation. Operators will also be responsible for security measures and the computer systems required to protect their users’ information.

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

Fintech Labs Insights

JANUARY 8, 2017

“In the longer term, it can be applied to enhance the security, speed, cost, and efficiency of a massive range of transaction-based banking functions which currently rely on traditional legacy process.” FI/fintech partnerships and investments such as the above notwithstanding, the U.S. Wealth Management and Investing.

Fintech 12

Fintech blockchain Technology Lending 12

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. take for example the fact that we still do not have Donald Trump’s tax returns.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. take for example the fact that we still do not have Donald Trump’s tax returns.

Data 40

Data Security System US 40