Remove Accounting Remove Concentration Remove Financial Systems
article thumbnail

François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

For these larger categories they often have many different bank accounts with no aggregation and inconsistent user authentication, giving them no real-time knowledge of current cash position and FX risks, among others. Treasury system needs is a huge pound. An “everything-is-possible” green field.

Treasury 130
article thumbnail

Managing Economic Balance: Q&A With Hungary’s Central Bank Governor György Matolcsy

Global Finance

György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed. The crisis pointed out the vulnerability of the financial system; therefore, the merger of the central bank and financial supervision into one institution helped strengthen financial stability.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Navigating the Complexities of Tax Compliance for Financial Services

CFO Plans

These services offer the infrastructure needed to efficiently manage back-office financial management, ensuring tax compliance doesn’t hinder growth. Robust financial systems streamline operations, allowing companies to maintain compliance effortlessly and concentrate on expansion.

article thumbnail

Managing Security Risks with Virtual Bookkeeping

CFO Share

Counter-intuitively, an outsourced bookkeeping service reduces the risk of fraud by adding more oversight and best-practices to your accounting processes. Beyond security, there are other reasons “do it yourself accounting” hurts your business. The entry-point for hackers – your vendor’s email accounts – are beyond your control.

article thumbnail

World’s Best Banks 2024: Global Winners

Global Finance

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111
article thumbnail

Google Pay Co-founders’ Indian Neobank Has Raised $13.2M

PYMNTS

The startup was founded in May and will introduce a digital banking blueprint concentrated on serving millennials in India, Narayanan told TechCrunch. When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments. billion citizens outside the financial system. .

article thumbnail

Change Keeping Global Banks On Their Toes

PYMNTS

Demonetization in India has financial institutions operating at full speed to exchange out discontinued bank notes but with some unexpectedly pleasant consequences. banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail.

Banking 46