PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

CFO Share

APRIL 11, 2024

A more nefarious version occurs when your vendor’s email gets hacked and the fraudster (using the vendor’s actual email address) claims they changed bank accounts. By entrusting financial operations to experts, small business owners can concentrate on areas that directly contribute to growth and customer satisfaction.

Securities 52

Securities CFO Invoicing Education 52

Global Finance

SEPTEMBER 5, 2024

In Brazil, the Pix payment system lets people, corporations, and governments transfer and accept funds instantly, 24 hours a day—even when banks are closed. BTG Pactual created boostLAB in 2018 to help the bank become a destination for tech companies banking in Latin America.

Startups 52

Startups Finance Banking Technology 52

PYMNTS

JANUARY 12, 2020

million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

Concentration 40

Concentration Startups Valuation Financial Systems 40

PYMNTS

APRIL 15, 2019

Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share? Call it a double-barreled threat pointed toward financial institutions (FIs) that have set down roots over decades, indeed, hundreds of years. financial system amid the rise of alternative lenders.

Financial Systems 70

Financial Systems Leverage Banking Concentration 70

Simply Treasury

JULY 12, 2021

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

Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

SEPTEMBER 16, 2016

Also, high capital costs of the latest mining facilities and systems are creating a barrier to entry for new miners. The concentration of bitcoin mining increases the likelihood miners will collude to attack the blockchain, and as profitability goes down, fewer miners will operate and existing incumbents will consolidate.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

APRIL 30, 2018

Digital banks. Most of that spend will be concentrated in the U.S., with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. Marketplace lending models were about using tech to lend money while sidestepping the regulatory burdens of being a bank.

Banking 73

Banking Investments Accounting Concentration 73

PYMNTS

OCTOBER 16, 2017

In those pieces, I acknowledged bitcoin was an interesting, even fascinating, innovation, but not the salvation of our global financial system — not even close. Bitcoin’s core principle of anonymity is anathema to operating a safe and secure global financial system. At least I hope so.

Currencies 71

Currencies Concentration Financial Systems Investments 71

PYMNTS

APRIL 1, 2019

Merchants, lenders and banks never see the person on the other side of the transaction, and proving that someone is, well, legitimate is becoming more difficult. The price tag is enormous, as estimated by SentiLink and some of its partners, reaching as much as $2 billion annually — and that’s just for banks. Flavors Of Fraud.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

MAY 15, 2017

Headlines hyping its threat to existing financial systems abound, including one recently that somewhat distorts the threat that bankers feel about all FinTech startups that suggests that nearly 90 percent of bankers say they fear losing money to bitcoin startups. Back here in the U.S. —

Currencies 62

Currencies Math Startups Technology 62

PYMNTS

OCTOBER 1, 2018

Ten years after Visa and Mastercard launched, they had each licensed their tech to thousands of banks that had cards in the hands of millions of consumers, who were using them to buy things at millions of merchants. But as the salvation of our global financial system, not even close. It isn’t because it won’t.

Currencies 85

Currencies Concentration Financial Systems Leverage 85

PYMNTS

JULY 15, 2019

billion people around the world without access to a bank account to the world of digital payments at low or no cost. That tour will start with the Senate’s Banking Committee. When you look at these places with a high concentration of the unbanked, there are things we can do, but it is beyond any one player.”.

Currencies 40

Currencies Banking Finance Concentration 40