Fintech Finance

SEPTEMBER 18, 2024

This will empower AutoRek to be at the forefront of regulatory changes and reporting requirements for clients. Through combined industry expertise, Capgemini will enrich its portfolio with a new go-to-market proposition alongside AutoRek to address the increasing market need for real-time cash management and transaction reconciliation.

Reconciliation

PYMNTS

DECEMBER 3, 2020

Australia’s largest cryptocurrency exchange, BTC Markets , revealed in a series of tweets that it had mistakenly revealed its client names and email addresses in an announcement from the company. We take comfort in this when correlating address clusters with forward-looking price action.”.

Bitcoin

The Fintech Times

APRIL 25, 2024

Although CTCs were initially focused on addressing inaccuracies in domestic transactions, their scope is expanding to better combat fraud and monitor compliance in a range of other areas, including international transactions, to address the thorny issue of the ‘VAT gap’. This in itself is a major hurdle for businesses.

Continuity

Fintech Finance

MAY 21, 2024

The partnership will combine accounts payable (AP) expertise to accelerate automation and finance transformation. E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities.

Automation

Fintech Finance

JUNE 6, 2024

Q1 saw revenue growth of 86% YoY, largely driven by the fintech’s focus on customisation to meet the complex and increasingly global challenges of finance teams at major enterprises. Moreover, different payment norms, currencies and systems exist in different jurisdictions as well as different accounting and reporting requirements.

Accounts

Fintech Review

OCTOBER 22, 2024

This article explores the current taxation challenges, regulatory developments, and how different countries are addressing cryptocurrency taxation. The United States, as mentioned earlier, has implemented stricter reporting requirements for cryptocurrency exchanges.

Cryptocurrency

PYMNTS

NOVEMBER 26, 2019

FinTechs, too, face growing scrutiny among regulators and struggle with data sharing requirements that, if unmet, can shut a company down. The central bank’s decision, Barybin explained, had everything to do with strict data sharing and reporting requirements with which SatchelPay could not keep up.

Compliance

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules

The Fintech Times

DECEMBER 23, 2023

Our fintech leaders today provide insights into the growing importance of sustainability in business, the rise of ESG financing, and the need for greater transparency and innovation in environmental reporting. He also discusses the rise of sustainable finance.

Finance

PYMNTS

SEPTEMBER 25, 2019

An explosion of FinTechs looking to fill the gaps left across under-banked and under-financed populations, including, in many markets, small businesses, has watchdogs exploring how to promote financial inclusion and access to capital while maintaining borrower protection. In the U.S., In June, the U.K.’s

Compliance

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. “Compliance with AML and combating the financing of terrorism regulations is also critical.

Compliance

Neopay

SEPTEMBER 2, 2024

A Compliance Monitoring Plan helps you stay on top of regulatory requirements by systematically assessing your entire business operations. It’s essential for identifying areas where you may be falling short and taking action to address those gaps. This is crucial for demonstrating transparency and a commitment to compliance.

Compliance

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The FCA has stressed that these reforms are critical to addressing widespread weaknesses in safeguarding practices, which have led to significant consumer harm.

Due Diligence

Global Fintech & Digital Assets

NOVEMBER 2, 2023

The NPRM would impose enhanced reporting and recordkeeping requirements for any financial transactions involving international mixers, intended to mitigate the risks of money laundering and terrorist financing. However, the NPRM states that “no CVC mixers are currently registered with FinCEN.”

Fincen

FloQast

JANUARY 22, 2025

By focusing on a comprehensive blueprint for complete transformation, accounting departments can address the root causes of inefficiency, tackle the challenges of today, and best prepare their accounting departments for future challenges. These are two areas where AI and automation really shine.

Accounts

FloQast

MARCH 12, 2024

However, larger capital requirements don’t necessarily mean a private company is ready to become a public company. Your IPO team can take on the bulk of pre-IPO work, ensuring your accounting, finance, and operations teams can continue focusing on their everyday responsibilities. Growth drivers.

Advisors

PYMNTS

FEBRUARY 14, 2019

The new standards address a range of reporting requirements, including how companies record credit losses and revenue recognition, and analysts warn that disruption is ahead. Some of the biggest changes are in the ways organizations record finances related to their leases. “In many ways, they are.”

Agreements

FICO

OCTOBER 7, 2022

Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. BNPL financing is most common among people ages 18-24 and 35-44. Buy Now, Pay Later: BNPL Fraud and Regulatory Update. by TJ Horan. expand_less Back To Top.

BNPL

Nanonets

MAY 7, 2024

Expense reconciliation is a process within finance and accounting that ensures that a company's financial records accurately reflect its spending activities. Many industries are subject to regulatory requirements regarding financial reporting and transparency. What is Expense Reconciliation?

Reconciliation

Finovate

JUNE 20, 2024

Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals. The newer regulations are more complex and reporting on them is more frequent. Compliance platforms of the past are not able to cope with these new kind of reporting requirements.

Compliance

Nanonets

APRIL 2, 2024

Importance of bank reconciliation in internal control In the world of finance and accounting, accuracy is key. Whether you're managing personal finances or running a business, keeping precise records is crucial for financial health.

Reconciliation

Nanonets

SEPTEMBER 21, 2023

Businesses must stay updated with the latest regulations and ensure adherence to reporting requirements, tax laws, and industry-specific guidelines. When it comes to accounting, businesses must navigate a complex web of regulations and reporting requirements.

Accounts

FloQast

MAY 7, 2024

The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. The good news is, Year-End doesn’t have to be difficult. The Year End Close: Why Does It Matter? It demonstrates the business’ 12 month financial performance, and provides transparency for shareholders and the public.

Reconciliation

Nanonets

FEBRUARY 9, 2024

They may also include internal or third-party audit findings that detail problem areas and how management plans to address them from that point forward. Example  Companies may put together an internal control report that includes: An executive summary detailing findings and planned future action. What is the COSO Framework?

Audit

Nanonets

FEBRUARY 15, 2024

However, finance is changing, and artificial intelligence's transformative power marks a new era. Regulatory compliance becomes a challenge, as the manual handling of invoices hinders meeting accuracy and reporting requirements. The need for modernization in invoice processing becomes evident in light of these challenges.

AI

Nanonets

SEPTEMBER 25, 2024

  Essentially, it breaks down a complex legal document into a digestible format that can be easily understood and utilized by various departments within an organization, including finance, operations, and facilities management. Property Address 2. Landlord name and Address 4. Tenant name 3. Billing cycle 6.

Indemnification

Nanonets

JANUARY 17, 2024

They move from playing defense with their finances to playing offense. InnovateX implemented a cloud-based expense management system that provided real-time reporting. This allowed their finance team to spot a sudden, unexplained increase in marketing expenses and quickly address the issue, preventing budget overrun.

Payment APIs and Integration

Nanonets

JUNE 29, 2023

Overall, it simplifies the entire expense management cycle, from capturing receipts to generating reports, saving time and effort for finance teams and employees alike. Divvy Divvy is an all-in-one expense management platform with seamless experience for requesting, spending, and tracking your business finances.

Payment APIs and Integration

Nanonets

NOVEMBER 29, 2023

Process: This often involves a final meeting with HR to ensure all paperwork is completed and any outstanding issues are addressed. In a manual onboarding process, each step requires significant human intervention, from preparing and handling physical documents to scheduling and conducting in-person meetings.

Automation

Nanonets

SEPTEMBER 23, 2023

Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements. They also enable better collaboration among finance teams, budget managers, and purchasing departments, ensuring timely and accurate encumbrance data.

Accounts

Nanonets

AUGUST 1, 2023

Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.

Automation

Finovate

FEBRUARY 7, 2025

The company announced that it has raised $4 million in equity and debt financing to develop its superannuation data platform. He praised Nuj’s “powerful data platform that addresses an expensive challenge across the super industry one of staying ahead in compliance with regulations.”

Payment APIs and Integration

Finovate

MARCH 31, 2025

How can banks, fintechs, and financial services companies navigate this emerging landscape to bring new products and services to customers while ensuring that their data and finances are safe? This requires real-time visibility into where these extended third parties operate and the regional risks that may affect them.

Risk

The Payments Association

APRIL 14, 2025

Meanwhile, broader systemic reformsfrom ISO 20022 and open finance to the long horizon of a digital poundrequire coordinated internal response and sustained regulatory engagement. Legal issue/risk Next steps/action required Related links Legal issue/risk: The substantial increase in cross-border interchange feesrising from 0.2%

Regulations

FloQast

DECEMBER 18, 2024

To unlock the potential of software automation, youll first need to understand what is causing your close pain points, and which technology integration strategies are going to help you address them. The finance team should evaluate whether NetSuite should automatically set up Intercompany Adjustment Journals.

Close Processes