PYMNTS

APRIL 13, 2020

Traffic on Russia’s digital currency exchanges jumped more than 5.5 Qrator Labs, for its part, connected the rising figures with heightened interest in the currency markets. The organization also noted large growth in denial-of-service attacks (DDoS) events on digital currency exchanges.

Currencies 77

Currencies Foreign Exchange Healthcare Compliance 77

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). As noted in this space last month, Brian Brooks, acting Comptroller of the Currency, said in letters to the National League of Cities, U.S.

Compliance 66

Compliance Banking Currencies Financial Systems 66

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financial models.

SAP 81

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 81

PYMNTS

MARCH 24, 2017

The tricks of the trade may have been limited to cash once upon a time, but now there is an ecosystem in place that allows things to happen beyond the realms of physical currency and transactions. Compliance is also becoming an enterprise-wide endeavor, and compliance officers must adopt a global mindset.

Compliance 62

Compliance Currencies Technology Banking 62

PYMNTS

AUGUST 16, 2020

China’s Ministry of Commerce is moving forward with its plan for a digital currency, according to a report by The Wall Street Journal (WSJ).

Currencies 134

Currencies Compliance Securities Planning 134

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

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. In other news, more than 7,000 digital currency ATMs now exist throughout the world, Cointelegraph reported.

Currencies 67

Currencies Planning Compliance Securities 67

PYMNTS

DECEMBER 9, 2020

The accelerated growth of USDC over the course of this year is the result of our active work to establish an open standard for fiat digital currency on the internet,” Puth said in a statement. Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

Currencies 103

Currencies Treasury B2B Compliance 103

Future CFO

MARCH 11, 2025

The complexity of managing diverse invoices, with multi-currency, continental tax variations, and format differences, further strains operational capacity. These systems can integrate disparate data sources into a centralised platform, breaking down silos, providing a holistic view, and supporting compliance efforts.

Finance 52

Finance Compliance Performance Measuring CFO 52

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “It’s not only about understanding the compliance procedures of the business itself,” said Karalevi?ius,

Banking 113

Banking Compliance Currencies B2B 113

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

Currencies 139

Currencies Compliance Economics Investments 139

PYMNTS

NOVEMBER 9, 2018

MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued. Bill payment revenues were $17.4

Compliance 64

Compliance Restructuring Currencies CFO 64

PYMNTS

DECEMBER 29, 2020

The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Beyond solely collecting payment, she added, digital banking can be customized as firms pay their expenses, perhaps across a range of currencies. to name just a few.

Numbers 115

Numbers Accounting Banking Currencies 115

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

https://trustedcfosolutions.com/feed/

JULY 8, 2022

Many businesses are quick to learn that as your company grows and you develop more demanding and varied business requirements like multi-currency and multiple entity businesses, QuickBooks is limited and no longer meets your business needs. Multi-Currency. Suppose your business can identify with the following situations listed below.

Currencies 109

Currencies Compliance Financial Analysis Construction 109

PYMNTS

DECEMBER 26, 2018

Wall Street firm, was fined $10 million by the Financial Industry Regulatory Authority (FINRA) for compliance failures. According to a report in Reuters , citing FINRA and Morgan Stanley, the firm agreed to pay $10 million after FINRA contended it had lapses in compliance for more than five years from January of 2001 until April of 2016.

Compliance 53

Compliance Treasury Currencies Banking 53

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S. Establishing Trust And Confidence.

Treasury 129

Treasury Currencies Cash Management Benchmarking 129

https://trustedcfosolutions.com/feed/

JULY 22, 2022

Some of the most common issues these businesses face include manual entry errors, decentralized payables, different currencies, inter-entity transactions, and taxation by location and country. It simplifies financial management for multiple locations, entities, and currencies for businesses of all sizes and complexities.

Accounting 113

Accounting Currencies Construction Compliance 113

PYMNTS

JUNE 18, 2020

More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email. We are excited to facilitate borderless, frictionless instant transactions for free for users.”.

Nonprofit 98

Nonprofit Compliance Currencies Finance 98

CFO News Room

FEBRUARY 3, 2022

Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. An expert committee to look into compliance & tax framework and thematic funds with government capital has been welcomed by investors.

Budgeting 130

Budgeting Startups Currencies Manufacturing 130

PYMNTS

JULY 5, 2020

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. The reminder is intended for banks with clients that include marijuana retailers or individuals that grow, process, or manufacture pot.

Treasury 140

Treasury Banking Concentration Manufacturing 140

CFO News

NOVEMBER 25, 2024

MakeMyTrip introduces multi-currency payment options for flights and hotels, simplifying bookings for international travelers and the Indian diaspora. The platform now supports payments in over 19 global currencies, enhancing accessibility for inbound travelers and expanding its reach to more than 150 countries through GDPR compliance.

Currencies 40

Currencies Compliance 40

PYMNTS

OCTOBER 18, 2018

In July, reports in the Financial Times said Switzerland is working to open the nation’s traditional corporate banking market to cryptocurrency companies finding it difficult to get banked, thanks to fears over anti-money laundering (AML) violations and other compliance issues. “Time is pressing,” he said.

Banking 85

Banking Planning Currencies Startups 85

The Finance Weekly

DECEMBER 1, 2024

Regulatory Compliance - Accurate records are essential for meeting legal and regulatory requirements, especially for publicly traded companies. Compliance - Stay informed about regulatory requirements to avoid costly mistakes. Data Accuracy - Ensure that all your source data is accurate and up-to-date. What Causes Discrepancies?

Reconciliations 52

Reconciliations Accounting General Ledger Invoicing 52

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. million in 2019 to US$5.1 Meanwhile, penalties have totalled US$10.4 Global finding highlights.

Compliance 52

Compliance Banking Currencies Accounting 52

PYMNTS

FEBRUARY 26, 2020

Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country. Since the launch of ISO 20022, adoption has gained incredible momentum with financial institutions worldwide.

Compliance 104

Compliance Currencies Banking Construction 104

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. .

B2B 98

B2B Currencies eCommerce Compliance 98

PYMNTS

JULY 30, 2019

Blockchain-based payment system PumaPay has announced the launch of a new cryptobilling solution which has secured PCI (payment card industry) compliance. And Australia’s government has decided to exclude digital currencies from new restrictions on cash payments. Digital currency is a new and developing area in the Australian economy.

Compliance 49

Compliance Currencies Communication Securities 49

PYMNTS

MAY 19, 2020

has been named general counsel to the Libra Association , a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization announced Tuesday (May 19). He also headed financial crime compliance for Merrill Lynch. Previously, Werner worked at the U.S.

Treasury 90

Treasury Nonprofit Compliance Currencies 90

Future CFO

SEPTEMBER 2, 2024

AI-powered ERP systems can help address regional challenges such as complex regulatory environments, diverse currencies, and rapidly changing market conditions by providing more agile and responsive financial tools. Wahi suggests that organisations prioritise the alignment with local compliance requirements.

Compliance 116

Compliance Leverage Forecasting Risk Management 116

CFO Talks

APRIL 5, 2023

He notes, “During the time when Zimbabwe dollarised, we were actually using a lot of currencies. South African firms’ focus on compliance, but only a little else. I remember, I was working at a mine, we had a US dollar account, a Zimbabwean dollar account and a Japanese yen account.

Accounting 94

Accounting Problem Solving Compliance Currencies 94

CFO News Room

JANUARY 2, 2023

job market remains tight and the demand for the kind of talent the crypto industry seeks is still high , including for professionals that handle the legal and compliance business at firms. I worked with plenty of compliance folks who came from Lehman Brothers…Is it gonna be career-ending for some people? Sam Bankman-Fried.

Compliance 130

Compliance Communication Accounting Currencies 130

Global Finance

OCTOBER 16, 2024

Lim Soon Chong , Group Head of Global Transaction Services, DBS As financial institutions seek to expand their cross-border payment capabilities, the challenge lies not only in scaling to new corridors but also in managing the complexity of currency volatility and compliance.

Currencies 105

Currencies Economics Leadership Banking 105

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov. The Value Of CBDC .

Currencies 92

Currencies Banking Economics Compliance 92

https://trustedcfosolutions.com/feed/

JUNE 14, 2022

Cloud-based Accounting Solutions deliver the deepest and broadest accounting capabilities across the board, from payroll and HR to inventory tracking, tax filings, and currency conversions across multiple industries, designed to scale your organization and accelerate your business success. The answer is in the level of sophistication.

Accounting 98

Accounting Compliance Currencies Securities 98

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes. PaaS could be worth as much as $16.7 billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments.

B2B 104

B2B Compliance Currencies Technology 104

PYMNTS

NOVEMBER 10, 2020

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

Currencies 129

Currencies Leverage Securities Banking 129