article thumbnail

Accounting Through the Ages: From Accountant to NHL Goaltender

FloQast

On March 29, 2018, Scott Foster, then a senior financial accountant from suburban Chicago, found himself achieving a childhood dream in perhaps the most unlikely way possible. in the Spring of 2018, Scott Foster was about to become the most famous accountant in the universe. A Legendary Performance “I’m an accountant by day.

Accounts 111
article thumbnail

Alchemy Pay Partners with Mastercard to Streamline Account Opening & Reduce Fraud

Fintech Finance

By leveraging Mastercard’s account opening solution, Alchemy Pay ensures a seamless registration experience while efficiently detecting fraud, thereby strengthening risk control measures and enhancing platform security. Mastercard’s identity solutions enable organizations to verify and authenticate genuine consumers.

Visa 93
article thumbnail

6 Best Accounting Apps for Small Businesses

Stax

Finding the best accounting apps can be overwhelming and difficult, as there are so many options to choose from. Here’s a list of the ten best accounting apps for your business. TL;DR Bookkeeping is essential for business profitability, and finding the right accounting apps can simplify this task.

article thumbnail

CIMB Singapore Users Report Account Balance Errors, Bank Assures System Safety

Fintech News

CIMB Singapore encountered a technical issue on 29 June 2024, affecting the reflection of certain transactions in the bank account balances of a group of customers. The bank released a statement saying to confirm that its core banking systems and customer accounts remain secure.

Accounts 107
article thumbnail

Study: Accountants Understand Financial Transformation’s Importance, but Lack Cohesive Adoption Plans

FloQast

Learn why 96% of CFOs are familiar with financial transformation, compared to fewer accountants, and how this affects organizational strategies. Explore the top priorities driving financial transformation for 39% of CFOs and 42% of accountants, and the challenges they face in implementation. CFOs are 2.2x

Accounts 105
article thumbnail

How Transaction Data Analysis Promotes Trust and Accountability in Lending

Finezza

As the lending industry becomes more competitive, transparency and accountability in decision-making are critical for a productive and long-term relationship between stakeholders. Customers want to make informed decisions and feel empowered when making a choice.

article thumbnail

Is Accounts Receivable an Asset or a Liability?

EBizCharge

Accounts receivable serve as a critical financial function that helps simplify and streamline collection efforts. In short, accounts receivable is considered an asset, not a liability. This invoice amount contributes to the company’s accounts receivable. Assets vs. Liabilities: What’s the difference?