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How do banks navigate the trinity of costs, compliance, and innovation?

Global Finance

Efficiency remains at play, but compliance and innovation scores Globally, banks have been focused on reducing costs this past year. Regulatory compliance has become a top priority for banks as they navigate an increasingly complex regulatory landscape related to AI, resilience, and open banking.

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How Banks Can Turn Compliance Burden Into A Data Opportunity

PYMNTS

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. The Key To Compliance Is Data.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? In light of this accelerating development of Carbon Accounting compliance and reporting standards, what should companies be doing now? and also identified as one the Five Key Trends to Watch in 2022.

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How Data Guides A New Era For The ERP

PYMNTS

For example, he pointed to multinational corporates’ need for tax provisioning and transfer pricing solutions to promote efficiency and compliance across borders. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP. Disruption Ahead.

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How to put finance business partnering puzzle together?

Fpanda Club

Get the basics right Advancements in automation, data practices, and innovative systems make it much easier to generate financial and non-financial insights. This is supposed to enable finance professionals to devote more time to interpreting and analyzing data, offering meaningful insights that contribute to better decision-making.

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SAP Goes After Corporate Payments Fraud With New App

PYMNTS

The solution analyzes data to detect any anomalies in payments and to predict potential future fraud and compliance risks. SAP noted its mobile app also analyzes individuals and business partners against a database of blacklisted entities that are considered high risk. The cloud company said Tuesday (Feb.

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Bitcoin Daily: Bitcoin Price Passes $4K Post-JPM Coin; Bitmain Loses $500M In Q3 2018

PYMNTS

“By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks and identify bad actors. It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.”