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A too-busy-to-change mentality can cost accounting firms new business

Abrigo

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ? “So they hope the clients will come back after they pass them off to a valuation firm.”

Taxes 192
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Deep Dive: How eCommerce Payments Providers Sniff Out Money Launderers

PYMNTS

This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps. Data analytics is another critical tool that eCommerce payment providers can leverage in their anti-money laundering (AML) efforts. How Payment Providers Stop Money Laundering.

Payments 171
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CRE risk management: Navigating hazards and opportunities

Abrigo

Certainly, one asset class, the regional mall, is quite dead,” Kirby said. Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor. Benchmark industry analytics help identify how borrowers are doing compared to the industry. The impact is not consistent.”

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. BSA teams began hiring for skill sets that included analytical and investigative thinking.

Training 195
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Reaching The Apex Of Data Via Scrubbing

PYMNTS

The firm has said that SmartVM uses a variety of mechanisms through which to automate supplier information: robotic process automation, interfaces with a number of governmental agencies, including tax agencies, and vendor records that are tied to APEX Analytix’s several decades of work within supply chain management. ”

Data 100
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Small banks: Big challenges and big opportunities

Abrigo

The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. The result?

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Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

FICO

We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase. Banks will need to move beyond passwords and OTPs and add biometrics, device telemetry and customer behavior analytics to keep up with the changing payments landscape. by Dan McConaghy.

Survey 52