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

JANUARY 7, 2021

(FDIC) and the Treasury Department are looking to see if American Express Co. The paper reported that the Office of the Comptroller of the Currency (OCC) is looking into business card sales tactics at the company as well, citing unnamed sources. 7), citing unnamed sources.

Sales 97

Sales Treasury Auditing Risk Management 97

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

FEBRUARY 21, 2020

Mosier succeeds Jamal El-Hindi, who will serve as the interim chief data officer (CDO) for the Department of the Treasury. In that role, El-Hindi will apply his FinCEN experience to “help lead the vision, design and development of the Treasury’s agency-wide data and information management strategies,” per an announcement.

Treasury 100

Treasury Leadership Compliance Securities 100

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Commercial clients using SWIFT gpi for corporates can also get alerts about inbound and outbound payment status directly to their treasury management system.

Foreign Exchange 104

Foreign Exchange Banking Treasury Compliance 104

PYMNTS

JANUARY 16, 2017

The relationship between bank and corporate customer is one that, for treasury managers, is a crucial one. In a world of cross-border transactions, geopolitical upheaval and currency volatility, corporates traditionally forge relationships with several banks. And visibility is crucial for centralized decision-making,” he said.

Treasury 41

Treasury Compliance Auditing Currencies 41

PYMNTS

JANUARY 25, 2018

Treasury management firm BELLIN is expanding its offerings through a new partnership with Kantox , reports in bobsguide said this week. By teaming up with Kantox, we can now complement our TaaS [Treasury-as-a-Service] offering with FX management and hedging ,” said BELLIN Founder and CEO Martin Bellin in a statement.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

PYMNTS

JULY 13, 2016

The advent of the cloud — with its ability to be flexible and changeable at a moment’s notice, helping enterprises track the cash flow cycle as they branch out into new locales — means that tracking currencies has become a much more intuitive process.

Currencies 40

Currencies B2B Treasury Invoicing 40

PYMNTS

SEPTEMBER 24, 2020

Between the Office of the Comptroller of the Currency clearing the way for financial institutions (FIs) to embrace stablecoin, and The Clearing House's latest real-time payments (RTP) push, new payment rails continue to gain traction. According to Acting Comptroller of the Currency Brian P. BELLIN Secures SWIFT gpi Label.

B2B 75

B2B Banking Currencies Treasury 75

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. Many of our clients are migrating off their core banks’ treasury service and leveraging Payment Rails’ payout platform because we offer automation and REST API connectivity.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

CFO News Room

JANUARY 18, 2023

The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. WSJ | Risk and Compliance Journal. Deputy Treasury Secretary. Concurrent with the U.S. Wally Adeyemo.

Treasury 100

Treasury Compliance Financial Systems Finance 100

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Some may lack the appropriate treasury management solutions or may not know how to maximize liquidity process efficiency.” Throughout 2023, JPMorgan Chase raised $2.3

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Future CFO

MAY 26, 2022

There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. He suggested that the settlement procedure be automated, and integrated into the treasury management system.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

FEBRUARY 28, 2020

“The banking platforms — in particular, treasury or supply chain finance-related ones — find value in adding a [procure-to-pay] solution into the mix of other products they offer clients.” ” There is also the growing risk of tax compliance, as markets like Europe and Latin America move to capture greater tax revenues.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

The Finance Weekly

APRIL 25, 2022

Any company with a global supply chain is inherently vulnerable to the fluctuations in currency and input prices that this crisis is intensifying. That puts the onus on the CFO to manage treasury risks and closely monitor the company’s international contracts. Treasury sanctions across the globe.

Finance 107

Finance Forecasting Treasury Concentration 107

PYMNTS

FEBRUARY 19, 2020

The summit, according to BloombergTax, will include four 90-minute panels on technology updates, problems with cryptocurrency exchanges, tax return preparation and regulatory guidance and compliance. Officials speaking will include those from the IRS as well as some from the Department of Treasury’s other offices and bureaus.

Currencies 67

Currencies Treasury Compliance Accounting 67

PYMNTS

OCTOBER 1, 2018

After all, it stands to reason that the more links there are in the supply chain (spread out, and even global in nature), the harder it is to deliver absolute confidence in production methods, quality of products, transparency of payments and regulatory compliance. We are expanding the traditional buying base for gold,” he told PYMNTS.

Currencies 73

Currencies B2B Manufacturing Compliance 73

PYMNTS

JULY 21, 2020

Speaking with PYMNTS, Fides Treasury Services Head Client Relations Simon Kaufmann explored how some of the biggest opportunities to modernize the treasury function are adding new pressures to finance teams as they navigate the pandemic. ” Challenge Turned Opportunity. ”

Treasury 64

Treasury Cash Management Data Analysis Banking 64

CS Lucas

NOVEMBER 29, 2023

There are rollover dates, renewal terms, mandatory pre-payments, covenant compliance, reporting deadlines, administration fees, and much more to orchestrate. This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics.

Technology 52

Technology Treasury IFRS Compliance 52

PYMNTS

MAY 15, 2019

The combination of Visa and Earthport, he said, promotes “the ability to move money globally and efficiently, and at scale, making it simple for originators, [treasury banks and service providers] to do all this through a single connection. If you are a treasury bank, you have to operate in both of those spaces,” he explained. “T

Treasury 74

Treasury B2C Financial Systems Banking 74

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

OCTOBER 19, 2016

Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern. Low and negative interest rates have especially motivated these money managers to renew their investment strategies, the report noted.

Treasury 70

Treasury Prioritization Economics Leadership 70

PYMNTS

MARCH 2, 2016

To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions. It’s an error-prone process, the report added, with banks still handling the cost of compliance, payment processing and FX. “For Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

DECEMBER 26, 2018

As money launderers and other illicit actors constantly evolve their tactics, we want the compliance community to likewise adapt their efforts to counter these threats,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker. Next-Generation Compliance and AML Solution.

Compliance 76

Compliance Risk Analysis Finance Accounting 76

PYMNTS

NOVEMBER 15, 2019

It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said. Treasury-led Financial Action Task Force (FATF) recently released new guidelines concerning crypto as well. That’s what our expectation is. You will comply. I don’t know what the shock is. This is nothing new.”.

Treasury 55

Treasury Compliance Currencies 55

Bramasol

FEBRUARY 28, 2023

An EMS is effectively a bridge between sales and provisioning, with linkage to backend accounting and revenue compliance systems. They don't want to worry about or deal with the inherent complexity required in the backend to assure provisioning, delivery and associated revenue compliance issues.

SAP 70

SAP Compliance Transportation Entertainment 70

PYMNTS

FEBRUARY 8, 2019

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reportedly knows about the emails. The news comes as five federal agencies spoke in October on how credit unions, as well as community banks, can share resources to make BSA compliance streamlined and bolster AML efforts.

Treasury 53

Treasury Compliance Currencies Banking 53

PYMNTS

SEPTEMBER 30, 2020

The executive will supervise the company’s Clearance and Collateral Management, Treasury Services, Markets and Pershing businesses in the new role. Jumio said it intends to integrate the AML screening and transaction monitoring offerings of Beam into its KYX platform to assist in flagging financial crime and simplifying regulatory compliance.

Banking 52

Banking Marketing Treasury Compliance 52

PYMNTS

NOVEMBER 15, 2019

It [travel rule] applies to CVCs [convertible virtual currencies], and we expect that you will comply, period,” Blanco said. Treasury-led Financial Action Task Force (FATF) recently released new guidelines concerning crypto as well. That’s what our expectation is. You will comply. I don’t know what the shock is. This is nothing new.”.

Treasury 50

Treasury Compliance Currencies 50

PYMNTS

FEBRUARY 15, 2019

Department of the Treasury ’s Financial Crimes Enforcement Network (FinCEN) has known about the BEC, and has cautioned against opening such phishing emails. Wirecard CEO Markus Braun said there has been no evidence uncovered that points to misconduct from Wirecard’s compliance team, or separately by the firm Rajah & Tann.

Compliance 49

Compliance Auditing Treasury Banking 49

PYMNTS

MAY 11, 2020

The bill encourages digital currencies use, meaning that the funds could be disbursed using a central bank-backed digital currency,” the report states, adding, “It is unlikely that the Fed may embrace a digital currency during the pandemic, yet the idea of disbursing funds to digital wallets is more palatable.”.

Currencies 52

Currencies Treasury Compliance Banking 52

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. Noreika, acting Comptroller of the Currency, in a statement. Compliance. Amid these fluctuations, the U.S.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

APRIL 22, 2016

On the heels of the announcement of their partnership, Beeks’ McArthur discussed the forex trading space today and what makes it a challenging, never-before-seen ecosystem for corporate treasuries. People have to move currency, have to change currency, so forex transacting is changing very quickly because of globalization.”.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

Future CFO

AUGUST 27, 2023

Participants noted that this could increase material costs and impact currencies, leading to price fluctuations. One such risk is increased regulatory scrutiny and more stringent compliance requirements backed by expensive fines, added other participants. Ultimately, it comes down to the data and information you have at hand.

Risk Management 98

Risk Management Credit Risk Finance Risk Analysis 98

PYMNTS

AUGUST 13, 2018

The Internal Revenue Service (IRS) said last month that it would train its sights on virtual currencies, with a focus on larger firms and international companies. A currency? No agreement is in the offing yet, and the IRS stance may be in keeping with a 2014 ruling that treats virtual currency as property.

Currencies 40

Currencies Treasury Compliance Investments 40

PYMNTS

AUGUST 13, 2018

The Internal Revenue Service said last month that It would train its sights on virtual currencies, with a focus on larger firms and international companies. A currency? No agreement is in the offing yet, and the IRS stance may be in keeping with a 2014 ruling, which treats virtual currency as property.

Currencies 40

Currencies Treasury Compliance Securities 40

PYMNTS

APRIL 7, 2016

The Office of the Comptroller of the Currency said last week it was seeking comments on a whitepaper on “responsible innovation” in marketplace lending. The FDIC warned mainstream banks about buying marketplace debt, and the CFPB has set up a special desk for marketplace lending-based complaints.

Nonprofit 40

Nonprofit Treasury Compliance Currencies 40