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Fave: Inside Southeast Asia’s Merchant Super App

PYMNTS

Mobile payments penetration has historically faced a gap in Southeast Asia , Joel Neoh , founder of leading regional online-to-offline company Fave , told Karen Webster. For example, many merchants worry about the costs associated with card payments, although such fears are diminishing rapidly as interchange fees across the region fall.

Taxes 311
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. If your definition of a top performer is based on ROA, then the two primary reasons for our level of performance is our leverage and LTD (loan to deposit) ratios. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Less than $300 million.

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Foreign Tax Compliance Reporting — FATCA vs. CRS

FICO

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). FATCA requires many more classification types than CRS and the definitions vary for some categories (e.g., financial institutions).

Taxes 53
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Your next accounting client wants paperless, mobile services

Abrigo

Since these technologies enable accounting services with only a device (laptop, tablet, smartphone) and an internet connection, the need to have an accounting firm nearby or in the same region diminishes.”

Mobile 150
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Open banking APIs are open for business

Insights on Business

I wasn’t particularly inspired by the Wikipedia definition , so I’ll give you mine. This solution became an overnight success and turned into a form of payment that is now accepted by the most merchants in the bank’s region. Other banks in the region tried to build alternative solutions. What is “open banking”?

Fintech 181
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Governments Fuel Blockchain’s Global Proliferation

PYMNTS

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. In Spain, regulators are reportedly exploring how to support blockchain developers.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Others are offering standard fare such as tax credits — although even that can’t be viewed as “standard” in this race. New Jersey, for instance, is offering more than the price of Amazon’s investment in tax credits, to the tune of $7 billion, if the company puts HQ2 in Newark. The submission phase concluded last Thursday, Oct.