Abrigo

SEPTEMBER 26, 2017

All of these efficiency gains stemming from communication can help the practice operate more efficiently and grow. For example, automated solutions can handle more of the general ledger accounting so accountants have time to identify rising accounts receivable and then make suggestions to the business owner on how to reduce receivables.

Technology 150

Technology eBook Taxes Meeting 150

PYMNTS

OCTOBER 7, 2020

A drug dealer might open up a nail salon, for example, then put his drug money into the salon’s cash flow and report it to the Internal Revenue Service as revenue from salon customers. This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps.

Payments 171

Payments Analytics Online Retail 171

PYMNTS

DECEMBER 18, 2018

The tax man cometh, logging miles — in a manner of speaking. The mileage rate increase should spur businesses to consider how they reimburse the drivers who are part of everyday business operations, especially in the age of the mobile (literally) worker. On Friday (Dec. Beginning Jan. 1, 2019, the rates go to $.58

Compliance 148

Compliance San Francisco Operations Taxes 148

PYMNTS

DECEMBER 19, 2019

Those concerns have eased somewhat, however, as FinTech firms assure accountants that technology can operate in harmony with human professionals — and as analysts urge the CPA community to take on a more strategic role with their clients. “Why? ” The Real-Time Demand. ” An Open Banking Opportunity. ”

Data 133

Data Analysis Industry Technology 133

Abrigo

FEBRUARY 23, 2023

In such an environment, community banks should focus on the power of their relationships with customers, according to Kent Kirby, a retired banker with 39 years of experience in all aspects of commercial banking; lending, loan review, back-room operations, portfolio management, portfolio analytics, and credit policy. The result?

Community Bank 195

Community Bank Kansas City Community Lending 195

PYMNTS

SEPTEMBER 18, 2019

CB Insights found Goldman and Citigroup are the most active of the top banks to invest in FinTechs via their venture capital units, with top financial institutions using these funding strategies as a way to “future proof” their own operations. On the friend side of that, they have the ability to help banks with technology.”.

Fintech 144

Fintech Payments Meeting Capital 144

PYMNTS

MAY 25, 2016

in the 1950s, for example, to today, only about 12 percent of Fortune 500 companies from the decade remain in 2016, the executive said to demonstrate her point. InvoiceSmash, for example, was introduced this month with an emphasis on accelerating invoice processing times. ” When one compares the economic landscape of the U.S.

Big Data 117

Big Data Data Operations Analytics 117

FICO

MARCH 25, 2022

To kick off the topic, Sid and I considered the essential questions of any fraud and risk management operation: Which technologies, techniques and methods will best work for the business? For example, real-time card transaction monitoring requires one set of capabilities; application fraud detection and prevention requires another.

Fraud 52

Fraud Management System Course 52

PYMNTS

SEPTEMBER 6, 2017

FX volatility is top risk challenge for treasurers today, with 52 percent citing this issue, followed by the challenge of gaining visibility into global operations, cash and financial risk exposures (cited by 43 percent). dollar, yen, euro and others that “were fairly stable and predictable.”. “But

Risk Management 108

Risk Management Survey Management System 108

FICO

JANUARY 6, 2022

For example, in a digital originations process, streaming data can tell you if applicants are abandoning the application at specific points, are struggling with meeting certain criteria, or are cruising through the customer experience rapidly. The Pillars of Experimentation. Learn and Adapt.

Management 52

Management social media Customer Experience Strategy 52

FICO

SEPTEMBER 14, 2017

Let’s look at just one application of automated communication for governments, the collections of taxes: Example: Tax Collection. This cleans up tax rolls and reduces non-filer and compliance activities. Many tax agencies are inundated with phone calls from taxpayers asking about the status of their refund.

Taxes 61

Taxes Compliance US Analytics 61

PYMNTS

MAY 17, 2017

Beyond the changes in the economy at large, or the revenues or operating expenses generated in tax returns, or discrete data points that form the basis of a conversation between applicant and financial institution, tracking the risk status can be a challenge.

Lending 101

Lending Data Taxes Tools 101

Jeff For Banks

DECEMBER 23, 2016

Most readers are accustomed to me being analytical. For example, in my firm's profitability measurement service for community financial institutions, credit unions make 80-90 basis points pre-tax profit on consumer loans, while banks make an anemic 5-10 basis points. But the tax thing. Bankers' can't get over it.

Taxes 60

Taxes Meeting Resources FDIC 60

NCR

SEPTEMBER 13, 2017

Mobile beacons and GPS data, for example, can help banks to improve their understanding of consumer behavior and provide relevant product recommendations or messages when a customer enters a branch. According to EY, one important tool in the process of turning raw data into customer value is agile, targeted analytics.

Customer Experience 80

Customer Experience Data Branding social media 80

FICO

JANUARY 23, 2018

Over the last decade, state and federal tax agencies have increasingly adopted predictive analytics. By deploying mathematically-derived predictive models across historical data and current tax filings, they can segment taxpayers into different collection strategies and select some for audit. So what's the next step?

Taxes 51

Taxes Compliance Resources Examples 51

South State Correspondent

SEPTEMBER 13, 2023

Maybe the payer needs a breakout of taxes, or perhaps the payee was only able to ship a partial order. Doesn’t every business want to reduce the operating cost of reconciling their AP and AR positions? Being able to build operating balances is the main driver for most banks.

Payments 221

Payments Fraud Data Taxes 221

South State Correspondent

OCTOBER 4, 2023

Don’t Cut Your Marketing Budget Next Year There will also be a tendency to believe that because your margins will be less next year, you need to save operating expenses, which means budget cuts across the board. Look for news events such as government shutdowns, tax law changes, or disaster preparedness to amplify your marketing.

Marketing 195

Marketing Taxes Training Management 195

Lex Sokolin

DECEMBER 25, 2019

For example, if you have a payments app and need to trade in and out of an asset, integrating Uniswap is a quick solution. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. What if, for example, one of the core protocols like Maker (pick your favorite one) blows up.

blockchain 52

blockchain Bitcoin Software Lending 52

Independent Banker

MARCH 31, 2022

Staffers with a hybrid schedule include some commercial lenders as well as those working in the credit unit, finance and accounting, various support operations, insurance and securities departments. Many IT, marketing and finance profitability analytics employees are remote. “We WesBanco, Inc.

Missouri 142

Missouri Community Bank Community Management 142

FICO

JULY 6, 2020

Whilst that peak did not appear — due to the combination of protected incomes, use of saving and a reduced spend on travel, luxury and social related discretionary expenses — financial vulnerability will become widespread in all markets as a consequence of inflation, increased tax and interest rates and skyrocketing energy costs.

Analytics 52

Analytics Strategy Data Management 52

FICO

MARCH 6, 2020

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. What does FICO offer and how does it distinguish from other AFC solutions?

Compliance 81

Compliance Technology Fraud Analytics 81

Alex Jimenez

FEBRUARY 27, 2019

As Russian banks don’t have a mandate for Open Banking yet, their main driver was improving operations. She gave the example of tax auditing and dating apps sharing the same solution. Gerard Dubois, DGM Science to Solutions, spoke about using big data analytics to ensure food safety.

blockchain 40

blockchain Conference Security Innovation 40

PYMNTS

NOVEMBER 8, 2017

“It’s more of a ‘cross-border payables operation,’ with multiple process steps along the way. Or, maybe their accounts payable process for the online marketplace entity pays employees based on analytics of services rendered (think Uber, which pays drivers based on how many miles they drive) — no invoices there.

Branding 100

Branding Taxes Analytics Payments 100

FICO

SEPTEMBER 27, 2017

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Centralizing collections in government is therefore a significant opportunity when we focus on the area of non-tax receivables. So Why Centralize?

Taxes 49

Taxes Operations System Tools 49

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape.

Trends 259

Trends Video Retail Payments 259

PYMNTS

JANUARY 10, 2019

Platform operators and merchants must conduct due diligence related to everything from intellectual property and tariffs to tax laws and FX rates. In one example, if the seller logs onto the platform from a “very different” IP address, that action is going to “immediately trigger an alarm” that can be used to block further activity.

United States 158

United States Regulation Compliance Strategy 158

CB Insights

MAY 10, 2018

They were not, however, thinking analytically and rigorously at a high level about the three C’s: their customers, their costs, and their competitors. Expertise: An experienced operator’s perspective on a problem and the different ways that it can be solved. There were great, successful companies. ” —Walter Kiechel.

Strategy 78

Strategy Management Analytics Tools 78

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even as the regulation pendulum swings back toward more limited oversight, how investment banks operate is fundamentally changing. Table of contents. The disruption of the IPO.

Management 78

Management Capital Company Marketing 78

FICO

DECEMBER 9, 2019

Drastic changes in creditor’s operating models will help debtors — in some places. The pressure on the CSM to drive value from the placed or purchased portfolios will simply increase, and those working with minimal analytics or technology will find it hard to compete. Brexit will hold back British investment in collections.

Analytics 52

Analytics Regional Strategy Regulation 52

Banking 2020

JUNE 2, 2015

2014 also saw a convergence of many regulations, including Basel III, the Foreign Account Tax Compliance Act and the Dodd-Frank Act, which all impact this area. For example, if the cost of regulatory compliance is high in a specific country then banks could be selective about where in world they will do the business.

Analytics 40

Analytics Compliance Boston Strategy 40

FICO

JANUARY 19, 2022

This extends to an operational level, at which account-based operations are segmented from transaction-based monitoring; if first-party fraud is suspected, it must be addressed separately from standard third-party suspicious fraud transaction verification queues. Example from FedEx Recognize & Report Fraud page.

Fraud 52

Fraud Cards Report Analytics 52

PYMNTS

FEBRUARY 17, 2017

Every single partnership, every single business operation today is, at scale, a question of systems integration. Strategy depends on IT, and before analytics or process transformation or machine learning can add value, everything depends on getting the transactional data right.

blockchain 156

blockchain Study Technology Case Study 156

CB Insights

SEPTEMBER 17, 2018

Kroger leverages customer analytics. Its acquisitions of smaller grocers like Roundy’s (2015) and Harris Teeter (2014) have bolstered Kroger’s supply chain further by integrating their warehouses and distribution centers into the company’s larger operations. This data underpins other improvements to Kroger’s operations.

Industry 67

Industry Branding Retail US 67

William Mills

SEPTEMBER 7, 2016

Data and Analytics are a profit center rather than something that just needs to be managed. Demo: A Wealth Management Company (ACME)– GoodData can embed analytics directly in ACME’s dashboard. Built a workflow for the bank so the bank can approve payment and see all compliance and tax information. I’ll have to learn more.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

JUNE 14, 2018

Now, startups and tech giants are getting in the mix, trying to fix the ways the real estate industry designs, builds, and operates. Several startups are already operating in this space; however, so far they’ve had only fledging success. Starcity is an example of a growing co-living company. Construction industry trends.

Seattle 56

Seattle Capital Industry New York 56

CB Insights

NOVEMBER 16, 2017

Earn-outs (such as those that apply to, for example, Stemcentrx) and lockups are not factored into those calculations. For example, pretty early in the company’s history, they wrote a manifesto against advertising and vowed they would never make money from placing ads in the service and mucking up users’ experience with the app.

Lending 78

Lending Capital Company Google 78