PYMNTS

DECEMBER 13, 2018

13) that it has launched Robinhood Checking & Savings, a new feature aimed at expanding its mission to overhaul the financial system in America. Robinhood, the mobile investment app company, announced Thursday (Dec.

Accounting 58

Accounting Financial Systems Startups Banking 58

https://trustedcfosolutions.com/feed/

DECEMBER 14, 2021

How do you dramatically improve reporting and gain visibility into your financial data while reducing your General Ledger accounts by more than 90%? In this one-hour webinar, you’ll learn about the benefits of a modern financial management system and its game-changing multi-entity, multi-dimensional, General Ledger?starting

Accounting 52

Accounting General Ledger Financial Systems Financial Data 52

CFO Plans

AUGUST 9, 2024

In the rapidly evolving landscape of business accounting, staying ahead requires more than traditional bookkeeping. Modern businesses need comprehensive financial strategies that ensure compliance, drive growth, and improve efficiency. Get specialized financial consulting for real estate.

Accounting 52

Accounting Tax Planning CFO Startups 52

The Charity CFO

MAY 6, 2022

Your financial system must be in good working order before you even consider applying for federal funding. In fact, the government places very rigorous financial reporting requirements on organizations that receive federal funding. Don't hire the wrong accountant for your nonprofit! Reach out for a free consultation.

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

PYMNTS

DECEMBER 21, 2020

With UPI, money transfers can be set up without having to share bank details or source, using a virtual payment address instead of the usual bank account numbers or Indian Financial System Code (IFSC). residents send money directly to the bank account of a recipient.

Financial Systems 112

Financial Systems Banking Accounting Numbers 112

CFO Plans

SEPTEMBER 24, 2024

Did you know that businesses can reduce their financial management costs by up to 40% with the right accounting solutions? However, with the advent of scalable accounting solutions, businesses of all sizes can streamline their financial operations and focus on growth.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

PYMNTS

JANUARY 6, 2021

If the high-level concept is that merchants will accept and banks will issue, in terms of mechanics, the CoDi platform lets users with savings accounts at participating financial institutions to make wire transfers through their phones by scanning merchants’ QR codes or wielding devices at on-site NFC terminals.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

FEBRUARY 27, 2019

26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform. Kyriba noted that its global connectivity hub, which connects treasurers to those financial systems, currently processes 30 million payments and 83 million bank transactions on behalf of treasurers.

Accounting 40

Accounting Treasury Financial Systems Cash Management 40

PYMNTS

MARCH 19, 2020

The bank will extend small business loans and deposit accounts, Square said in a statement. “We It will be a Square subsidiary and will work independently.

Banking 110

Banking Financial Systems Finance Sales 110

PYMNTS

NOVEMBER 14, 2019

MoneyGram has announced a partnership with Cambodian bank Wing on a digital wallet venture that will allow funds to be deposited directly into customers’ accounts. Cambodian migrant workers sent about $1.4

Financial Systems 101

Financial Systems Banking Numbers Accounting 101

Future CFO

DECEMBER 31, 2021

What does this mean to the finance and accounting team of 2022? Increasingly more Finance & Accounting (F&A) functions will adopt a hybrid work model in which CFOs provide the tools to finance staff to productively work from anywhere. CFOs are the logical candidate to lead the ESG initiative.

Leadership 98

Leadership Finance GAAP Forecasting 98

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Banking 107

Banking Compliance Currencies Financial Systems 107

CFO Talks

OCTOBER 16, 2024

Define Clear Goals and Objectives Before diving into any financial project, it’s crucial to define what success looks like. Whether it’s improving cash flow, reducing costs, or upgrading financial systems, each project must have clear, measurable goals. How will we measure success?

CFO 95

CFO Risk Management Communication Financial Systems 95

Global Finance

SEPTEMBER 9, 2024

Labrugnas: Today, the financial system is very focused on the topic of corporate social responsibility, or CSR. Labrugnas: Being listed requires much more effort on our part, to close our accounts with the auditors. My job is to adapt to ever-changing environments. GF: Groupe Berkem operates as a bio-based chemical group.

CFO 111

CFO Finance Construction Valuation 111

Global Finance

OCTOBER 8, 2024

Of this loan portfolio, non-performing loans account for 3.58%, which is very manageable. At the same time, we recognize that climate change poses challenges to our mandates of promoting price and financial stability. Firstly, monetary policy decisions will need to take increasing account of the physical risks of weather events.

Banking 111

Banking Economics Construction Finance 111

PYMNTS

APRIL 22, 2020

The traditional process of setting up bank accounts in multiple jurisdictions is a headache and too resource-intensive for many small businesses, like B2B exporters. Neat aims to ease this friction by offering SMBs an alternative to the traditional bank account. ” Exploring Alternatives. ”

Currencies 96

Currencies Advertising B2B Finance 96

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

Education 70

Education Data Analysis Financial Systems Banking 70

Global Finance

AUGUST 13, 2024

Islamic banks are by far the biggest players in the Islamic finance industry and account for $2,7 trillion or 70% of total assets. Avoiding Interest Pays Off This ethically-driven approach to business partly explains the success of Islamic banks at a time when many customers lack trust in the financial system.

Finance 116

Finance Prioritization Economics Banking 116

CFO Talks

NOVEMBER 20, 2024

For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.

IFRS 87

IFRS GAAP Currencies CFO 87

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. The technology aims to mix payment rails, with companies paying their invoices via card on the Billhop platform, and Billhop paying those vendors via direct deposit to their bank account.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

PYMNTS

NOVEMBER 12, 2020

Keeping these consumers engaged in the broader financial system is essential to the collective good. It is important for FIs to note that most unbanked individuals have smartphones, even though they may still be wary of traditional bank accounts,” per the Tracker. Mobile Wallets Get Their Moment. Eighty-one percent of U.S.

Banking 81

Banking Accounting Communication Financial Systems 81

PYMNTS

SEPTEMBER 24, 2019

One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.

Compliance 71

Compliance Financial Systems Accounting Securities 71

https://trustedcfosolutions.com/feed/

DECEMBER 26, 2021

Cloud Financial Management Software That’s Built for the Needs of Finance. Sage Intacct has freed me up to look holistically at the business rather than just focusing on getting accounting tasks done.” –Kim Watch this short demo on how Sage Intacct automates your financials. Kim Wegener, Director of Finance, Powell’s Books.

CFO 70

CFO Finance Financial Systems Accounting 70

PYMNTS

JANUARY 27, 2021

Financial services and payments in particular have seen progress in the last 10 years, the release stated. “By Many are now embracing automated accounts payable (AP) processes, which are instrumental to a remote work environment. These platforms made it easy to facilitate payments to businesses.”.

Accounts Payable 71

Accounts Payable Financial Systems Startups Accounting 71

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said.

Treasury 74

Treasury B2C Financial Systems Banking 74

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

Global Finance

OCTOBER 10, 2024

Bangladesh has suffered years of financial system dysfunctionality. Still, the full extent of the malfeasance of Hasina’s Awami League regime is set to emerge, as Mansur described the “designed robbery of the financial system” in a BBC interview given shortly after his appointment. in 2023 and is forecast to hit 5.8%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

NOVEMBER 12, 2018

The Q2 2018 Financial Invisibles Report, a PYMNTS and Unifund collaboration, examines survey data from more than 2,000 American consumers who gave a glimpse into their personal finances. For a deeper look into what is driving consumer financial behavior in Q2 2018, download the report.

Economics 61

Economics Financial Systems Accounting Finance 61

PYMNTS

DECEMBER 3, 2020

Plus, Basware enhances its accounts payable (AP) offering, CardUp eases commercial card adoption, Kofax adds new AP features and the Federal Reserve eyes bank lending. Kofax Adds New AI Features for Accounts Payable. Today in B2B payments, Visa embraces the USDC digital currency for corporate payments. 2) announcement.

Currencies 60

Currencies B2B Accounts Payable Invoicing 60

PYMNTS

JUNE 21, 2019

While Facebook is aiming to have its Libra crypto power transactions and provide access to financial services to those without bank accounts, European central bankers are claiming oversight over the digital currency. Bank of England Governor Mark Carney told the BBC, “It has to be safe, or it’s not going to happen.”

Banking 59

Banking Currencies Financial Systems Accounting 59

PYMNTS

JUNE 22, 2020

The news Monday clouded an already darkening picture: Wirecard said in a statement Monday that “further examination” has revealed a “prevailing likelihood” that the missing $2 billion has never been in its accounts and in fact does not exist. That means roughly a quarter of the company’s balance sheet was possibly fictitious. .

Auditing 77

Auditing Banking Financial Systems Financial Data 77

PYMNTS

MARCH 21, 2019

Many lawmakers say cashless stores are discriminatory toward lower-income individuals, as well as those without bank accounts or credit cards. In Go stores, customers can walk in and grab items as cameras record everything, and then a corresponding Amazon account is charged as the shopper leaves.

Financial Systems 59

Financial Systems Accounting Banking Planning 59

Global Finance

OCTOBER 11, 2024

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

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JULY 1, 2019

Hacks and data breaches have become all too common, with fraudsters turning to “brute force” attacks and plugging in commonly used passcodes to gain access to users’ accounts. Facial recognition has several banking applications, including allowing customers to log into their accounts by providing simple scans.

Banking 75

Banking Securities Compliance Communication 75

Future CFO

SEPTEMBER 3, 2023

Editor’s note: A certified public accountant herself, Tammy Coley (pictured), Chief Transformation Officer at BlackLine , shared with FutureCFO audiences how she transitioned from accounting and FP&A roles to a transformation one as well as advice on how to upskill oneself to become a transformation leader.

Leadership 52

Leadership Finance Problem Solving Communication 52