PYMNTS

MARCH 26, 2018

B2B payments startup Candex announced $3.5 Candex brings the speed and ease of consumer payment apps to large businesses, leveraging a private blockchain to ensure compliance and massively streamline financial system records.”. million in new funding late last week.

Accounts Payable 43

Accounts Payable Vendor Management B2B Startups 43

CFO Plans

SEPTEMBER 24, 2024

However, with the advent of scalable accounting solutions, businesses of all sizes can streamline their financial operations and focus on growth. Imagine having a seamless financial system that not only saves you time but also propels your business forward.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Usually, it is more of an all-out war story.

Banking 79

Banking Education Startups Risk Management 79

Global Finance

SEPTEMBER 5, 2024

Other technological innovations from these labs address everything from improving anti-money laundering (AML) compliance and easing underwriting processes to speeding up customer onboarding and improving cash management for small and midsize enterprise (SME) clients. Thus far, 64 startups have graduated from the lab.

Startups 52

Startups Banking Finance Technology 52

Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

SEPTEMBER 1, 2016

Of course, even the FinTechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits, but this may be changing. Having their own licenses gives FinTechs control of their own compliance. TransferWise, for example, had partnered with Raphaels Bank in the U.K.

Startups 40

Startups Compliance Financial Systems Banking 40

PYMNTS

NOVEMBER 21, 2018

There is significant room for improvement in the cross-border payments space,” said Scott Hendry, Bank of Canada’s senior special director of financial technology, in another statement. Major changes are being proposed by current service providers, as well as startups that regulators need to research to better understand.”.

Benchmarking 49

Benchmarking Banking Compliance Financial Systems 49

PYMNTS

SEPTEMBER 1, 2016

Of course, even the fintechs themselves rely on partner banks to perform certain functions, like providing access to financial systems or holding deposits — but this may be changing. Having their own licenses gives fintechs control of their own compliance.

Compliance 40

Compliance Financial Systems Banking Startups 40

PYMNTS

JUNE 23, 2016

The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards. But it can also be utilized in applications across fraud prevention and compliance to help businesses adhere to anti-money laundering (AML) regulations.

Investments 42

Investments Securities Compliance Financial Systems 42

Onplan

NOVEMBER 30, 2022

Because it’s from the same vendor, Adaptive works best with Workday Financial Management and Human Capital Management. While it’s an excellent modeling tool for users that already use Workday for all their financial systems, Adaptive can cause friction for those that don’t. Scalability.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

Global Finance

JULY 29, 2024

Higher interest rates have given banks some relief over the past few years, increasing their net interest income while hampering competitors—particularly fintech startups dependent on equity financing. Banks inject trust into the financial system,” says Sandeep Vishnu, a partner at industry consultant Capco.

Banking 104

Banking Profit and Loss Financial Systems Technology 104

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. tell a very interesting story.

Currencies 62

Currencies Math Startups Technology 62

PYMNTS

JULY 15, 2019

Exchanges must perform critical KYC, AML and other security and compliance measures to ensure they support only legitimate transactions and keep customers safe from fraud as the cryptocurrency space grows. Digital banking changed all that, and now consumers expect the onboarding process to be near-instant and with minimal friction.

Prioritization 51

Prioritization Compliance Financial Systems Startups 51

CFO News Room

DECEMBER 6, 2022

So just most technology has been a little bit more either the pipes and infrastructure of how the financial system runs or something that lets people buy the products that they want to buy because they can just go online and buy it. But there’s this new emergence of advice- and advisor-oriented technology firms.

Planning 130

Planning Budgeting Investments Communication 130