PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

Fintech 134

Fintech blockchain Analytics Capital 134

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. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 2, 2016

It’s certainly not the largest funding round the B2B FinTech industry has seen. According to its cofounder, Aditya Tulsian, incoming tax regulation changes, along with India’s recent demonetization, mean SMEs are going digital and will need to keep better track of funds. 1) that it secured $32.2 B2B eCommerce.

Fintech 100

Fintech Capital Lending Taxes 100

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

SEPTEMBER 17, 2019

And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. 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.

Payments 100

Payments Taxes Regulation Tools 100

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. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that. A B2B Opportunity.

Payments 151

Payments Innovation Security Guidelines 151

PYMNTS

MARCH 12, 2018

Securities and Exchange Commission issued scores – the tallies varied depending on where you got the news, but The Wall Street Journal estimated “dozens” – of requests for information and subpoenas from companies who have dipped, or are dipping, corporate toes in the initial coin offerings pool. And yet: How and why to regulate?

Regulation 117

Regulation Security Course blockchain 117

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4 Supporters say that’s not a bad thing, since investors tend to value ad platforms like Google over regulated banks. A penny saved is a penny earned.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JULY 15, 2020

“As a reputable law firm, they would have investigated EMIF’s position and been satisfied as to matters such as EMIF’s beneficial ownership, compliance with money-laundering and terrorist financing laws, and the absence of tax and other fraud,” Cranston wrote, FT reported. Still, this is not the end of troubles for Wirecard.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

DECEMBER 12, 2019

The market’s early-stage growing pains, she said, reflect the unique struggles of a market driven by competition, not regulation. “My regulation is both a help and a hinderance. Competition, Not Regulation. On the other are regulations in place that Killam noted could hinder real-time payments progress, most notably U.S.

Payments 181

Payments Regulation Marketing National 181

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

JUNE 29, 2020

A number of British FinTech firms have suspended services following the FCA’s restrictions on Wirecard, leaving hundreds of thousands of accounts blocked, the news service reported. We hope to be able to issue an update soon.”.

Taxes 223

Taxes Report Financial Technology Digital Banking 223

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). 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.

Compliance 186

Compliance Regulation blockchain Taxes 186

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.” The firms named include Mattervest, Inc.,

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

APRIL 19, 2019

FinTech solutions — including those that have disrupted the payroll sphere — have automated key financial functions for small businesses, and, in many cases, have taken away the traditional workload of a small business accountant. That’s particularly true when it comes to compliance and data security. In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

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

FEBRUARY 21, 2018

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin. On the federal level, the U.S.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

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. “Let me state upfront that those developments facilitate expense management and make it much more transparent for all businesses,” he said.

Management 116

Management Compliance Taxes Marketing 116

Insights on Business

JULY 20, 2017

Regulations, such as Payment Services Directive (PSD2), are forcing banks to “open up”, enabling customers to easily share data with third parties. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. The fintech hub.

Fintech 181

Fintech Mobile Examples Data 181

Jeff For Banks

FEBRUARY 4, 2023

Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Additionally, regulatory changes and increasing competition from fintech companies could also impact the outlook for banks in the future. The tool is still new and evolving.

United States 78

United States US Cyber Security Taxes 78

PYMNTS

OCTOBER 8, 2019

. “It illustrates how, in terms of efficient operations of business and commerce, nothing is going to happen efficiently unless you’ve got various players securely and properly banked so they can move funds, and transact quickly,” he said. A Shifting Regulatory Landscape. ”

Compliance 114

Compliance Guidelines Industry Taxes 114

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . If your CDD program is not intact, now is the time to tighten things up and watch for new regulations. Learn More.

Resources 195

Resources Texas Analysis System 195

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. 40% more cyberbreaches impacted U.S. businesses in 2016 than the year prior, found CyberScout.

Survey 100

Survey Taxes Groups Analysis 100

PYMNTS

FEBRUARY 19, 2018

This could be an area in which non-payment FinTechs play a vital role. Hansson highlighted the security of eInvoicing, which also contributes to faster payment times, “as customers are more likely to accept and pay an invoice from a trusted source.”.

Data 109

Data Security Payments Fintech 109

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. Requirements. Here, the amendment does provide the Secretary and FinCEN with its typical discretion.

United States 78

United States Taxes Regulation Compliance 78

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., Because he believes there should be proper protection and regulation over them. How Bill Clinton’s administration dealt with the Internet in order to ensure it was not over-regulated. Fair point.

Bitcoin 100

Bitcoin blockchain Regulation Operations 100

PYMNTS

FEBRUARY 10, 2017

The country has a long-term vision to put Belgium on the digital map, which involves a strategic focus on five priorities: digital infrastructure, digital confidence and digital security, digital skills and jobs, digital economy, and digital government. environment.

Capital 100

Capital Regional Innovation Fintech 100

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. But on the back end, said Eynat Guez, Papaya Global co-founder and CEO, complexities abound. Technological Innovation.

Payments 127

Payments Compliance Taxes Technology 127

CB Insights

DECEMBER 15, 2020

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Consolidation will continue, even between fintech startups. 24 Industries & Technologies That Will Shape The Post-Virus World. In turn, this is driving revenue for big banks. .

Management 87

Management Fintech Industry Trends 87

PYMNTS

OCTOBER 10, 2017

Emerging Asia is seeing ongoing traction for payment cards in the corporate sphere as companies turn to commercial cards for more secure supplier payments. Multinational banks and corporations seek better industrywide standardization and harmony among regulations,” he said in a statement. “As

Payments 124

Payments Regional America Trends 124

PYMNTS

SEPTEMBER 13, 2017

PingPong Global’s niche is not only being the first, and only, FinTech company created solely to focus on sellers and merchants based in China. Additionally, cross-border payments mean that firms have to work with banks, regulators, compliance and even cultural nuances that can all add up to friction that hinders smooth eCommerce.

San Francisco 101

San Francisco Compliance Regulation Branding 101

Insights on Business

MARCH 25, 2019

Without regular updates and feedback from regulators as well as other leading financial institutions, banks may be unknowingly opening themselves up to heightened risk. Risk is calculated from the compilation of more than 18 third-party data sources as well as guidance and feedback from regulators and leading financial institutions.

Compliance 98

Compliance Taxes United States Data 98

PYMNTS

MARCH 18, 2019

The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. That seems like music to the ears of FinTechs seeking new rails to connect them directly to and from the bank accounts of consumers and businesses. This delay was initiated by the Fed. Not exactly.

Payments 201

Payments Cards Operations System 201

PYMNTS

MAY 10, 2017

Némethi had never been a migrant, but he had been an immigrant — and he knew that something as simple as securing a bank account is not so simple for a stranger in a strange land. “It It was still three months before I could get a proper Norwegian bank account because I was temporary tax member. What’s Next.

blockchain 155

blockchain System social media Mobile 155

Lars Markull

JUNE 30, 2020

In contrast, “official” open banking flows can lead to a more secure end-user experience (official flow meaning something in which the bank is in the loop and offers built-for-purpose APIs, as opposed to an aggregator cutting out the bank by finding hacks to get the data off the bank’s user interface).

Data 52

Data Regulation Mobile Security 52

Lars Markull

JUNE 30, 2020

In contrast, “official” open banking flows can lead to a more secure end-user experience (official flow meaning something in which the bank is in the loop and offers built-for-purpose APIs, as opposed to an aggregator cutting out the bank by finding hacks to get the data off the bank’s user interface).

Data 52

Data Regulation Mobile Security 52