PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. Crossing borders and crossing the Rubicon.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

Taxes 100

Taxes Bitcoin blockchain Seattle 100

PYMNTS

JULY 18, 2017

India’s Goods and Services Tax (GST) reform has inspired several FinTechs to help SMEs handle the shift, with the latest being Vayana Network, a trade finance company. Reports said Vayana will use the capital to bolster its platform both within India and in new markets globally. Iyer in a statement. Iyer in a statement.

Taxes 100

Taxes Leadership Capital Industry 100

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

South State Correspondent

JUNE 30, 2023

The Issue with Relationship Pricing and Profitability The US banking industry has been unable to consistently earn a return on capital equal to its average cost (approximately 11% over the last few decades). The graph below shows the industry ROE and ROA from 1984 to 2021.

Resources 195

Resources Community Bank Capital Community 195

PYMNTS

SEPTEMBER 8, 2020

The financial services industry saw 21,000 positions added in July. In an interview with Karen Webster, Patrick Luther who is the industry principal of financial services at Ceridian , illustrated how on-demand pay can help improve the overall financial situation for those working in the sector.

Taxes 170

Taxes Los Angeles New York City New York 170

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., They can advocate for their industry while getting the inside scoop from pundits and other insiders. By Aaron Stetter, ICBA.

Community 180

Community Washington Community Bank Capital 180

PYMNTS

APRIL 9, 2018

This may be the first sign of tax reform seeping into the small business labor market,” the executive said in a statement. “As As small business owners begin to realize the benefits of tax reform, they will likely translate to better wages and more jobs. percent increase in hiring activity in March.

Taxes 141

Taxes Analytics Regional Survey 141

PYMNTS

MAY 21, 2018

We’ve got 17 months’ worth of cash without further raises of capital,” the executive said. Balances of the industry surpassed $1.03 The paper noted that American Express, Capital One, Citigroup, Discover Financial and Synchrony Financial had a median return on their assets of 2.1 trillion in January 2018, setting a new record.

Seattle 100

Seattle Taxes Cards Data 100

PYMNTS

MAY 23, 2016

Bohlke said it is not especially useful to lump online lenders together or paint them with a broad brush, especially in the wake of the clouds gathering over Lending Club and other firms in the industry at large. Among the biggest sureties to guarantee failure: lack of timely access to capital.

Capital 103

Capital Lending Online Taxes 103

PYMNTS

OCTOBER 25, 2019

Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. Keeping up with the ever-intensifying competition with industry rival Tide, U.K.

Capital 101

Capital Fintech blockchain Management 101

PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

Fintech 154

Fintech Taxes Capital Analysis 154

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

OCTOBER 22, 2018

22) that it will buy Pennsylvania-based JetPay , “a provider of end-to-end payment processing and human capital management solutions,” according to a statement. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and other financial transactions.

Payments 136

Payments Pennsylvania Capital Strategy 136

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

PYMNTS

SEPTEMBER 15, 2020

As a result, he said, in the past no one got debit cards except large businesses — and even as the financial services industry moved to chip and pin, banks never caught up. And governments have an incentive to foster growth in debit payments because they want to collect tax revenue on cash transactions.

System 258

System Operations Fintech Taxes 258

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101

Taxes Mobile Management blockchain 101

FirstInternet

DECEMBER 10, 2019

Managing working capital on a day-to-day basis is vital for any business. Utilize excess capital efficiently. Utilize excess capital efficiently. Streamlining cash management and return on excess capital can give businesses a competitive edge. Businesses with multiple tax IDs. Pay funds in a timely fashion.

Capital 79

Capital Taxes Management Operations 79

PYMNTS

JULY 31, 2020

In a venture capital slowdown, any investment round is a win. million in fresh investment for the industry. The company’s Series B investment round was led by Viola Ventures and Rabo Frontier Ventures, while existing backers Lightspeed Venture Partners, Point Nine Capital, Speedinvest, 42CAP and others also participated.

Security 166

Security Data Capital Utah 166

Abrigo

NOVEMBER 28, 2014

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 ? In other words, if your firm doesn’t offer help before it’s requested, you could be losing clients.

Taxes 191

Taxes Survey Technology Comparison 191

Accenture

APRIL 21, 2017

The roundtable, co-hosted with Cashfac (a leading cash management technology provider), was organized in Amsterdam on January 31st, 2017 and saw participation from industry leaders from European transaction banks, as well as a trade body and a fintech. Jeremy Light, Head of Accenture Payments, EALA, speaking at the breakfast roundtable.

Management 204

Management Innovation Taxes Marketing 204

TheGuardian

MARCH 3, 2021

Chancellor’s eye-catching policy could end up rewarding investment that would have happened anyway Rishi Sunak flags tax rises in budget as total Covid spending tops £400bn Budget 2021: key points at a glance One can usually take a mental break when the budget speech turns to capital allowances. It’s the tinkering bit.

Taxes 76

Taxes Policies Capital Company 76

PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Brussels is the second most diverse city in the world and is known for being a multinational, multilingual and multi-industry region. ­­­­. Belgium is on the path toward a digital revolution.

Capital 100

Capital Regional Innovation Fintech 100

Abrigo

OCTOBER 9, 2014

Everyone in the banking industry seems to be asking the same question these days: How can we facilitate growth? Additionally, 57 percent indicated commercial and industrial (C&I) lending as an area of opportunity for growth. This article is the second in a two-part series on top concerns and growth strategies of community banks.

Community Bank 236

Community Bank Strategy Community Survey 236

PYMNTS

JULY 20, 2018

It is a big deal for the cannabis industry’s expansion plans,” said Matthew Kennedy, an IPO market strategist at Renaissance Capital, which runs exchange trade funds that buy newly listed shares. This is a step forward for the cannabis industry, which is still struggling to reach the financial mainstream. And at $22.39

Company 144

Company Capital Taxes Industry 144

PYMNTS

SEPTEMBER 29, 2016

According to a new confidential industry report, the consumer side of British banking could soon find itself hard hit by Brexit. Fifty-eight percent of 132 chief financial officers said they anticipate that Brexit will reduce their capital spending over the next few years. Manufacturing and trade aren’t the only areas taking a hit.

Industry 100

Industry Examples Survey Report 100

South State Correspondent

APRIL 4, 2024

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. These changes associated with higher government budgetary spending will have direct and consequential effects on the banking industry.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

JANUARY 5, 2020

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. Though proposed by SBI, it has to be a collective decision by the industry,” one source told the news outlet. Assets don’t help companies to repay loans.

Lending 130

Lending Capital National Taxes 130

Abrigo

JANUARY 7, 2021

300 or fewer The borrower must have 300 or fewer employees (with a few exceptions for businesses in the accommodation and food services industries – NAICS 72, and certain eligible news organizations) 2/15/20 The entity must have been in business on Feb. 2019 tax returns or 2019 year-end financial statements 2. March 31 deadline.

Taxes 195

Taxes Lending Connecticut Capital 195

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

DECEMBER 11, 2019

The company has worked to legitimize itself by remaining compliant with California’s strict cannabis laws, a move that will let companies in the industry worry less about capital requirements and more about managing compliance. WAYV is partnering with Hypur, a Scottsdale-based payment and banking company, on the initiative.

California 135

California Compliance Capital Taxes 135

South State Correspondent

MARCH 30, 2022

Research by various consultants shows that 80% of companies across industries rate themselves as providing superior service, but only 8% of these companies genuinely deliver such service. Banks can then calculate SVA, which requires banks to subtract their cost of capital from net operating profit after tax for each client.

Community Bank 195

Community Bank Resources Community Regional 195

Accenture

MAY 30, 2019

Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. Industry statistics (based on non-retail card issuers in scorecard section). Key themes. Click/tap to view larger.

Cards 177

Cards US Taxes Apple 177

BankUnderground

JANUARY 18, 2021

Effectively, Britain was forced into a ‘Battle for Capital’ simultaneous with its military efforts — with the efficacy of the latter dependent on the success of the former. New information about those changes comes from some of the hundreds of ledgers of War Loan investors who provided capital for war in the years 1914-1932.

Capital 145

Capital Retail Taxes Industry 145

Bank Innovation

MAY 9, 2017

Open finance is a story about innovation through interoperability and interoperability has become a major industrial force in modern economics. Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model.

Data 191

Data Trends Industry Examples 191

PYMNTS

NOVEMBER 23, 2020

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. SEEDS Capital , the investment arm of Enterprise Singapore , led the funding round, which also included MI8 Ltd.,

Fintech 151

Fintech Taxes Compliance Capital 151