https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

At its core, SOX compliance helps to ensure the accuracy of a company’s financial statements and protects the business from fraud, cyber-attacks, lawsuits, and more. ” Sage Intacct has your internal cybersecurity controls covered with a secure login process that features: Periodic password expiration. .”

Compliance 109

Compliance Reconciliations Securities Auditing 109

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.

Banking 52

Banking Compliance Finance Securities 52

PYMNTS

SEPTEMBER 22, 2020

Consumers moved to digital banking in droves during the early months of the COVID-19 pandemic — it appears they are not moving back. Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 76

Compliance Banking Securities Technology 76

Bramasol

MAY 13, 2024

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Inspections: It conducts regular inspections of registered public accounting firms to assess compliance with PCAOB standards and applicable laws and regulations.

Auditing 86

Auditing Compliance SAP Accounting Standards 86

PYMNTS

SEPTEMBER 23, 2020

Banks in the EU have been racing to comply with the General Data Protection Regulation ( GDPR ) and the revised Payment Services Directive ( PSD2 ) since both measures were enacted in 2018. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic.

Compliance 90

Compliance Banking Securities Technology 90

CFO News Room

NOVEMBER 2, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one (or more) state securities regulatory agencies. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. The Brochure Supplement – Form ADV Part 2B.

Compliance 130

Compliance GAAP Investments Advertising 130

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

PYMNTS

JULY 1, 2020

The Office of the Comptroller of the Currency (OCC) said in a report this week that it will examine how the coronavirus is impacting compliance by financial institutions (FIs). Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy.

Compliance 66

Compliance Banking Currencies Financial Systems 66

PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena.

Securities 101

Securities Compliance Financial Data Banking 101

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 89

Compliance Banking Economics Securities 89

PYMNTS

JULY 2, 2020

And it’s a double-whammy for firms, including small and medium-sized businesses (SMBs), as they are very much on the hook for data security. Solving for data compliance while reinventing with new digital tools is just one of the key themes found in the June 2020 Merchants Guide To Navigating Global Payments Regulations. and the U.S.,

Compliance 89

Compliance eCommerce Securities Banking 89

PYMNTS

DECEMBER 16, 2019

one of the largest FinTech hubs of the world today, initiatives like Open Banking demonstrate the opportunity for regulatory mandates to encourage innovation and competition — even in markets where such regulatory mandates don’t exist. Open banking today isn’t isolated to Europe and the U.K., Mixing Innovation With Compliance.

Compliance 81

Compliance B2B B2C Prioritization 81

Global Finance

OCTOBER 10, 2024

The governor of the Central Bank of Iraq, Ali Muhsen al-Allaq, speaks to Global Finance about the main challenges and top priorities for the bank. How did that impact the Iraqi banking sector? That created a major challenge for banks in settling deposits and loans, ultimately undermining public confidence in the banking system.

Banking 52

Banking Economics Compliance Construction 52

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. Adapting To Open Banking . Adapting To Open Banking . Protecting APIs.

Securities 76

Securities Banking Compliance Accounting 76

PYMNTS

NOVEMBER 27, 2020

Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust. In other words, banks and financial institutions (FIs) have an obligation to make sure you are who you claim to be. Open Banking Lessons For The U.S.

Compliance 79

Compliance Banking Securities Marketing 79

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. SatchelPay announced last week that the central bank has given the company the green light to resume operations.)

Compliance 73

Compliance Concentration Restructuring Banking 73

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 71

Compliance Auditing Securities Education 71

PYMNTS

MARCH 27, 2019

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.

Compliance 46

Compliance Banking Analyzing Data Prioritization 46

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . The State Bank of Pakistan (SBP) recently fined four banks for failing to fully comply with KYC obligations and advised several of those financial institutions (FIs) to revise their AML and KYC procedures.

Securities 74

Securities Compliance Startups Budgeting 74

PYMNTS

FEBRUARY 22, 2019

MUFG Bank, a Japan-based institution, announced on Friday (Feb. Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago.

Compliance 43

Compliance Banking Currencies Securities 43

PYMNTS

JANUARY 22, 2020

The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks. The authentication solution lets consumers approve eCommerce payments by using their mobile bank apps.

Securities 85

Securities eCommerce Compliance Banking 85

Global Finance

JULY 29, 2024

Nonbanks have eaten into traditional banks’ marketplace. Can the older banks retake lost ground by simply becoming more agile? Once upon a time, banking was simple: Take deposits, use depositors’ money to make loans, and transfer payments between clients and earn a commission. All three pillars are now under assault.

Banking 59

Banking Profit and Loss Financial Systems Technology 59

CFO Thought Leader

OCTOBER 28, 2024

Networking is crucial—connect with professionals in finance across the entire spectrum, including banking, VCs, and other operating companies. We operate at the intersection of compliance and security in a space we pioneered, called trust management. Embrace challenges and take on diverse roles to expand your skill set.

Leadership 64

Leadership CFO Finance Compliance 64

Nerd's Eye View

MAY 15, 2024

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ".

Securities 97

Securities Investments Planning Banking 97

PYMNTS

SEPTEMBER 24, 2020

Most banks are familiar with how quickly regulatory requirements can change. Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. EU and U.K.

Compliance 60

Compliance Banking Securities Technology 60

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Banking 69

Banking Treasury Compliance Risk Management 69

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”. Compliance, too, could become a juicer in the near future.

Compliance 61

Compliance Education Securities Currencies 61

PYMNTS

DECEMBER 10, 2020

There was a notable gulf in opinion when it came to perceptions of cryptocurrencies’ risks, however: 63 percent of banks and 56 percent of governments felt cryptocurrencies pose a significant cybercrime risk, as opposed to only 9 percent of cryptocurrency industry professionals. Enforcing AML/KYC Compliance At Cryptocurrency Exchanges.

Compliance 88

Compliance Treasury Currencies Leverage 88

PYMNTS

JULY 5, 2018

With competition heating up from the FinTech firms themselves, banks seek efficient, affordable ways to improve their services without having to entirely scrap decades of legacy infrastructure already in place. The two-sided benefits of a bank-FinTech collaboration are certainly beneficial to FinTech firms like additiv.

Compliance 43

Compliance Banking Marketing Securities 43

Future CFO

DECEMBER 13, 2020

Asia Pacific has seen the single biggest rise in regional financial non-compliance fines from US$6.6 The average value of enforcement actions against financial institutions for AML related compliance breaches is 44% lower than in 2019. billion were issued by US regulators to foreign banks (UK and Italy) for sanctions violations.

Compliance 52

Compliance Banking Currencies Accounting 52

PYMNTS

JANUARY 28, 2020

In the latest PYMNTS AML/KYC Tracker®, we learn that crypto is increasingly being defined as a security, not a currency – but either way, it’s getting a lot more scrutiny. Customer security and rigorous AML/KYC compliance are shaping up to be an amalgam of better systems, stricter procedures and a multi-layered safety approach to payments.

Compliance 60

Compliance Securities Currencies Finance 60

PYMNTS

OCTOBER 16, 2019

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in financial institutions, many of which are scrambling to keep fraudsters out and bring customers back. The Cost of Compliance. Challenges and Solutions.

Compliance 49

Compliance Banking Risk Management Budgeting 49

PYMNTS

JANUARY 13, 2020

In order to enhance and ensure security and safety for all stakeholders — including, most critically, customers — the Reserve Bank of India ( RBI ) last Friday modified the penalties for payment system operators who do not follow regulatory requirements. Not all recent RBI moves have been punitive, however.

Compliance 52

Compliance Banking Securities Technology 52

CFO News Room

JANUARY 11, 2023

A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. About the Banking Industry.

Banking 130

Banking Financial Analyst Budgeting Investments 130

PYMNTS

DECEMBER 29, 2016

There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.

Securities 72

Securities Banking Restructuring Compliance 72

PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

MAY 18, 2020

The enhanced consumer protection program was designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud, Mastercard said. However, we also recognize and respect the complexities to upgrade to safer and more secure EMV transactions at fuel dispensers over the next few months.”

Securities 78

Securities Compliance Banking Planning 78