The Charity CFO

MAY 6, 2022

You could even find yourself in worse shape than if you’d never secured the funding. It also takes time to build-out software and technology capabilities. Your financial system must be in good working order before you even consider applying for federal funding. Do I need an audit to secure federal grant funds?

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

PYMNTS

JUNE 9, 2019

International Monetary Fund Managing Director Christine Lagarde issued a warning over the weekend about the impact artificial intelligence may have on the financial system across the globe.

Financial Systems 76

Financial Systems Finance Technology Securities 76

PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

Currencies 78

Currencies Financial Systems Securities Technology 78

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. Grupo Santander expressed its desire to utilize partnerships with technology companies across various financial services markets to help accelerate its own digital transformation.

Investments 42

Investments Securities Compliance Financial Systems 42

PYMNTS

JUNE 9, 2017

With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. The study, one of many on the blockchain topic, also showed that the technology could potentially assist businesses and governments manage the incoming influx of IoT data.

Financial Systems 68

Financial Systems Healthcare Technology Banking 68

Simply Treasury

JULY 12, 2021

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. These companies are often managing finance and treasury on separate financial systems which are poorly integrated, if integrated at all.

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

PYMNTS

JUNE 10, 2016

The impact of being underbanked extends beyond being left out of the financial system. What the health care industry and the payments industry have overlooked so far is that all of this — data and payments — is subject to Homeland Security and cybersecurity breaches, which are far more sophisticated than anybody has thought through.

Technology 40

Technology Healthcare Financial Systems Leverage 40

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

Startups 76

Startups Banking Currencies Financial Systems 76

PYMNTS

APRIL 13, 2020

Telecommuting, online education and moving to a cashless and virtual financial system will likely become the norm,” he told PYMNTS. This most recent black swan is proving that online financial services are a lifeline service.”. This most recent black swan is proving that online financial services are a lifeline.

Education 103

Education Financial Systems Entertainment eCommerce 103

PYMNTS

JULY 1, 2019

Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than weak password and PIN systems. Biometrics and the Benefits for Security .

Banking 75

Banking Securities Compliance Communication 75

PYMNTS

OCTOBER 12, 2016

Enriching the ecosystem of decentralized technology is key in the fight, however. The basis for blockchain technology is something that works well in practice, but not in theory,” said Luther Martin at HPE Security-Data Security. Those that want in on the competition have until Halloween to apply.

Startups 77

Startups Securities Financial Systems Technology 77

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. The lack of security cooperation between bankers and regulators also comes up for blame. Fraud is a Top Worry. Growing Awareness.

Securities 40

Securities Banking Compliance Financial Systems 40

PYMNTS

OCTOBER 22, 2018

“At PayPal, we believe that everyone should have access to transparent, convenient and secure financial services,” said Mark Britto, senior vice president and general manager of global credit for PayPal , in the press release announcing the investment.

Investments 77

Investments Marketing Financial Systems Leverage 77

PYMNTS

SEPTEMBER 21, 2020

The reality of the global financial system is that there will always be attempts to launder money and evade sanctions; the responsibility of banks is to build effective screening and monitoring systems, and we work closely with regulators and law enforcement to bring perpetrators to justice.”.

Banking 139

Banking Leverage Technology Compliance 139

PYMNTS

MARCH 12, 2020

Mastercard is partnering with Samsung to bring digital technology to emerging markets and accelerate connectivity and smart devices, Mastercard said on Thursday (March 12). The Pay on Demand platform enables us to deliver on that vision and foster financial inclusion, giving consumers an opportunity to participate in digital commerce.

B2B 72

B2B Financial Systems Securities Economics 72

PYMNTS

AUGUST 7, 2019

Based on the flurry of consumers scrambling to get their $125 settlement from Equifax , data security is an issue with far-reaching consequences. The benefits of digital IDs might seem apparent – especially among financial institutions – but consumers aren’t fully on board yet. PYMNTS’ Digital Identity Lifestyle Capsule found that 45.2

Securities 74

Securities Healthcare Accounting Financial Systems 74

Global Finance

JULY 29, 2024

Banks’ long histories and diverse business lines leave them lagging behind newer, more-focused rivals, as competition increasingly revolves around technology, adds Steven Breeden, American financial services technology lead at Bain & Company. of financial assets, the FSB reports. Another hurdle is technological.

Banking 88

Banking Profit and Loss Financial Systems Technology 88

Global Finance

NOVEMBER 7, 2024

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. This process should be digitally enabled and serve the needs of all generations.

Banking 93

Banking Communication Investments Education 93

PYMNTS

SEPTEMBER 28, 2016

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. can continue to secure its stance as the global leader of ingenuity.”. Jared Polis (D-CO) and Rep.

Startups 74

Startups Currencies Education Banking 74

Global Finance

JUNE 6, 2024

The Bank of Namibia (BoN) has signed an agreement with NPCI International Payments Limited (NIPL), an international arm of the National Payments Corporation of India (NPCI), to develop a secure national payment system, similar to India’s Unified Payment Interface (UPI) using the same technology.

Strategic Planning 62

Strategic Planning Financial Systems Banking Finance 62

PYMNTS

DECEMBER 14, 2018

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. financial services sector as consumers embrace digital technology for the banking and retail industry.

Advertising 72

Advertising Securities Banking Financial Systems 72

PYMNTS

JUNE 20, 2016

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.

Technology 40

Technology Investments Accounting Banking 40

PYMNTS

APRIL 9, 2020

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. Billhop Eases B2B Card Acceptance.

B2B 83

B2B Invoicing Banking Currencies 83

PYMNTS

MAY 26, 2017

From relying on physically walking into a bank to withdraw cash to snapping a photo of a check for deposits, technology has played a great part in the way financial transactions have evolved within the last thirty years. With the various advances in technology, many issues have come to light from the use of blockchain.

Financial Systems 46

Financial Systems Benchmarking Technology Finance 46

PYMNTS

MARCH 10, 2017

So it is perhaps no surprise that Retired Admiral James Stavridis recently said that a “cybersecurity Pearl Harbor” may one day be a reality — and one of the key targets would likely be the banking and financial system, with serious implications for payments activity and the FinTechs that can help safeguard that activity.

Financial Systems 58

Financial Systems Securities Communication Banking 58

PYMNTS

JUNE 8, 2020

The partnership will attempt to reduce costs for the numerous companies using SAP’s services for invoice processing and running financial systems in general, the release states. “Our partnership with Winshuttle will be instrumental to customers who are processing documents and need to post it securely into SAP.”.

SAP 60

SAP Invoicing Financial Systems Securities 60

PYMNTS

SEPTEMBER 24, 2019

financial system have had some information about themselves … compromised at some point.”. Blanco said vigilance is important for everyone and that his organization will work to secure regulatory gaps that allow for illicit activities to take place. .

Compliance 71

Compliance Financial Systems Accounting Securities 71

PYMNTS

SEPTEMBER 16, 2016

According to Chainside: “Unfortunately, it is not always easy for non-experts to integrate such an innovative technology in a secure and scalable way.”. Secure, scalabale integration … that old thing. Turning to investments for a moment, Ripple, the provider of financial settlement services, announced on Thursday (Sept.

Currencies 77

Currencies Concentration Securities Banking 77

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Two in particular, he said, are technology and payer habits. “It’s

B2B 64

B2B Securities Technology Financial Systems 64

PYMNTS

JUNE 30, 2017

Things that run the gamut from being more or less variations on existing database technologies to things that are really sci-fi and exciting but very different than anything that is out there right now,” he explained. Also important, he added, is resisting the tendency to attempt to boil the ocean in response to an emerging technology form.

B2B 77

B2B Currencies Banking Leverage 77

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

CFO Talks

JULY 4, 2024

Key Takeaway: Companies should consider candidates from diverse professional backgrounds for CFO roles to bring a holistic approach to financial leadership, encompassing not just accounting, but also operations, IT, HR, and strategic development. Key Takeaway: Embracing digital payment technologies can lead to substantial efficiency gains.

CFO 52

CFO Strategic Planning Currencies Prioritization 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 105

Banking Foreign Exchange Profit and Loss Finance 105

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Financial Systems 79

Financial Systems Banking Technology Finance 79

PYMNTS

SEPTEMBER 30, 2019

Beyond the lures of money, there are other nation-states that may want access to a financial system, but for different reasons. The Bretton Woods framework for commercial and financial relations still holds sway decades after that system of monetary management was established. The Corrosion Of Power. They make mistakes.

Currencies 65

Currencies Nonprofit Financial Systems Securities 65

PYMNTS

FEBRUARY 19, 2020

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a press release. . We will continue to bring the expertise of FIUs together to discuss emerging threats, to share effective techniques, and to join forces for our national security.” . The Sunday (Feb. FinCEN Director Kenneth A.

Treasury 60

Treasury Financial Systems Securities Finance 60

PYMNTS

MAY 13, 2020

Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position. The island’s study into a CBDC was reportedly first revealed by Yandraduth Googoolye, a prior governor. brought on Gemini Trust Co.

Currencies 61

Currencies Banking Forecasting Financial Systems 61