CFO Dive

DECEMBER 14, 2023

Lawmakers pressed FASB and PCAOB leaders to explain how they’re approaching regulations in the wake of the recent bank and crypto crises.

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Accounting Banking 293

CFO News Room

FEBRUARY 2, 2023

Investing in a guaranteed interest account is a great way to secure your money, as there is very little risk. Guaranteed interest accounts provide reliable, consistent returns and can be used for short-term savings or to supplement other investments in your portfolio. Guaranteed interest accounts offer a stable rate of return.

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PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. In addition, Buonomo said digital currencies, especially central bank digital currencies (CBDC) may eventually be able to replace all bank accounts.

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Accounting Banking Currencies Securities 135

Strategic Treasurer

MARCH 20, 2023

Bank Fee Management Webinar Series: Bank Account Management and Structures May 16 and 17 Register Now Dates / Times Tuesday, May 16, 2023 11:00 AM – 11:30 AM EDT Wednesday, May 17, 2023 2:00 PM – 2:30 PM EDT Where This is an online event Speakers Jason Campbell, Strategic Treasurer Craig Jeffery, Strategic Treasurer Hosted By 0.6

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Accounting Banking Cash Management Risk Management 52

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 107

Banking Foreign Exchange Profit and Loss Finance 107

CFO News

OCTOBER 19, 2023

India's state-owned 'bad bank,' National Asset Reconstruction Company Ltd (NARCL), has acquired three more accounts in the past two weeks, including Dharani Sugars and Chemicals, SPML Infra, and Parenteral Drugs. The finance ministry has urged NARCL to expedite the acquisition process.

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Accounting Banking Finance 52

Global Finance

SEPTEMBER 25, 2024

Susanne Prager, head of cash management at Raiffeisen Bank International (RBI), discusses the challenges affecting global banking services and the need for the latest tech tools to help companies succeed in CEE and around the world. Global Finance: What are the overall trends impacting international banking transactions?

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Banking Cash Management Compliance Currencies 98

CFO News Room

DECEMBER 10, 2022

What Types of Accounts are Best for Compounding? Banks Savings Accounts. Most savings accounts, money market accounts, and certificates of deposit earn compound interest. You can buy just about any investment through an online broker, including bank products like CDs. Most banks offer CDs.

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Investments Accounting Treasury Construction 130

CFO News

FEBRUARY 13, 2024

Bandhan Bank managing director Chandra Shekhar Ghosh has denied about any irregularity in those accounts and evergreening of loans.

Accounting 59

Accounting Auditing Banking 59

CFO Simplified

OCTOBER 24, 2022

As a business owner, you must understand the importance of reconciling your accounts—and no, not just your checking accounts! Do you know what accounts you need to be reconciling regularly? Do You Know What Business Accounts You Must Reconcile? Your Checking Account Isn’t the Only Important Account!

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Accounting General Ledger CFO Accounts Payable 98

Global Finance

NOVEMBER 12, 2024

We’re reimagining the banking experience by investing in a range of cutting-edge customer-facing and backend tools, including our mobile app, voice biometrics, and artificial intelligence (AI) and machine learning (ML) to personalize services.

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Banking Compliance Finance Securities 52

CFO News

DECEMBER 28, 2023

Two British banks, a Swiss lender, and an Emirates institution severed ties with over two dozen Indians in the last two months. These individuals had initially opened accounts under the RBI's Liberalised Remittance Scheme (LRS), allowing up to $250,000 annual investment.

Accounting 52

Accounting Banking Investments 52

Global Finance

MAY 3, 2023

After disrupting most of the tech and digital world over the past few decades, Apple is now turning to the banking sector. The Cupertino, California-based iPhone maker recently teamed up with Goldman Sachs to launch a high-yield savings account, promising.

Accounting 119

Accounting Banking 119

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. bank sets its data sharing rules for FinTech firms. Simply Completes First Open Banking Funding. Plus, a major U.S. JPMorgan Sets FinTech Data Deadline. As the U.S. As the U.S.

Accounting 87

Accounting Banking Invoicing Sales 87

PYMNTS

JULY 16, 2020

digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and abide by — budgets. But when you use your virtual card to make a payment, you’ll see the spending in your Monzo account as normal. Monzo placed No.

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Accounting Banking Valuation Budgeting 67

PYMNTS

MARCH 17, 2020

challenger bank Monzo has launched business bank accounts this week after a year-long trial period in which 2,500 customers got early access, according to a TechCrunch report. There will also be invoicing tools within the app and the ability to have multiple user accounts on the same app. 1 brand in the U.K.

Accounting 74

Accounting Banking Invoicing Education 74

FISPAN

JUNE 23, 2023

Bank feeds are a game-changer in financial workflows, offering seamless integration between accounting software and bank accounts.

Banking 98

Banking Accounting Treasury CFO 98

Global Finance

OCTOBER 31, 2024

A weak economy hasn’t stopped Chinese banks from expanding their balance sheets; once again, they dominate our rankings. China continues to search for antidotes to an ailing economy and the deterioration of its real estate market, and the banking sector continues to expand. The remaining four Indian banks in our ranking averaged 7.5%

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Banking Marketing Construction Forecasting 52

PYMNTS

SEPTEMBER 17, 2020

Cloud-based clearing bank ClearBank has begun offering multi-currency bank accounts using an API, according to a press release. Beginning in the fourth quarter this year, the bank will allow users to access over 30 multi-currency accounts. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based

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Currencies Accounting Banking Foreign Exchange 64

Global Finance

JULY 16, 2024

Throughout its 30-year history, Converse Bank has been a trendsetter in Armenia. This began with it as the first bank since the country became independent to be set up with foreign investment – led by principal shareholder Eduardo Eurnekian, an Argentine-Armenian businessman. Being a pioneer seems to be in Converse Bank’s DNA.

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Banking Currencies Leverage Accounting 98

PYMNTS

JULY 3, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. Collaborating with FinTechs is a valuable strategy for banks, noted Sigovitch. ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

CFO Plans

SEPTEMBER 24, 2024

Comprehensive accounting solutions are the lifeboat, offering the essential tools and expertise to streamline financial operations. This post delves into how end-to-end accounting solutions can significantly enhance efficiency and drive growth for small businesses. This flexibility ensures that businesses only pay for what they need.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

PYMNTS

APRIL 21, 2020

The Royal Bank of Canada (RBC) is one such FI that recently rolled out digital government identity verification capabilities, allowing customers to verify their identities using its RBC mobile app. The technology is available at bank branches and remotely via mobile and its website. and 34 other countries. and 34 other countries.

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Accounting Banking Securities Communication 121

CFO News

AUGUST 7, 2023

Indian banks have refrained from declaring overdue loan accounts as fraud as the Supreme Court’s decisions make it obligatory for lenders to provide borrowers an opportunity to represent themselves before naming accounts as fraud. The lenders have made provisions instead of declaring accounts as wilful defaults.

Accounting 52

Accounting Banking 52

Global Finance

OCTOBER 8, 2024

Global Finance magazine interviewed Philippines Central Bank Governor Eli Remolona, who earned an “A–” grade in the magazine’s 2024 Central Banker Report Cards. GF : The Philippines Central Bank (BSP) was the first major central bank in Asia to cut rates following the widespread regional post Covid-19 monetary tightening.

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Banking Economics Construction Finance 111

CFO News

MAY 8, 2023

The J&K Bank’s auditors said its employees availed loans from the bank to purchase the shares, but that was in violation of the Reserve Bank of India’s directions.

Banking 111

Banking Accounting 111

CFO News

MAY 10, 2023

Experts said since NPAs are low and further accretion of NPA is also declining so not declaring some accounts as fraud would not significantly impact banks' numbers.

Accounting 52

Accounting Banking Numbers 52

CFO Talks

APRIL 5, 2023

Written by Leigh Schaler In a recent interview on the CFOTalks podcast, Zebediah Marewangepo a Senior Business Consultant at Taxdirect, shared his insights on the accounting profession in Zimbabwe and South Africa. but somewhere along the line I ended up doing accountancy and I then finished college in 1994.

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Accounting Problem Solving Compliance Currencies 94

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Changes from manual record-keeping to sophisticated software solutions has undeniably shifted the accounting landscape, bringing in an era of heightened efficiency and accuracy.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

PYMNTS

MARCH 10, 2020

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

Accounting 67

Accounting Banking Sales Currencies 67

CFO News

OCTOBER 5, 2023

Banks in India will not provide a personal hearing to companies before classifying them as 'fraud' accounts, but will re-evaluate the decision if legally challenged.

Accounting 52

Accounting Banking 52

Global Finance

NOVEMBER 14, 2024

With over 100 active AI applications in production, the bank achieved an explosive 150% increase in AI usage year-over-year. CTBC aims to leverage both GenAI and traditional AI to enhance its personalized banking experience and seamlessly deliver next-gen banking services.

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Banking Leverage Risk Management Technology 52

CFO News

SEPTEMBER 14, 2023

The revised accounting norms for investment portfolio, which are effective from April 1, 2024, and are in line with the global financial reporting standards, are expected to enhance the quality of banks' financial reporting, as well as improve disclosures, say experts.

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Investments Banking Financial Reporting Accounting 112

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

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Nonprofit Accounting GAAP Auditing 98

PYMNTS

JUNE 15, 2020

Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. The move comes in the wake of Receipt Bank’s Series C funding round, which raised $73 million in January.

Accounting 56

Accounting Banking Financial Data Planning 56

PYMNTS

JANUARY 5, 2021

The problems from last spring's rollout are likely to reoccur in some ways, including households that have changed bank accounts, payments going to former spouses by mistake and some simply not getting the full amount of the payments, according to WSJ. 5), according to WSJ.

Accounting 94

Accounting Banking Treasury Economics 94

PYMNTS

JANUARY 26, 2021

marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. where there is no open banking regulatory mandate. HashCash Brings Blockchain Tech To Unnamed Bank.

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Banking Reconciliations Financial Data B2B 142