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Open Banking APIs Meet B2B Payments

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Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. It’s worth the effort, as the growing number of B2B payments use cases prove.

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UK’s FRC Triples Fines Against Big Four Accountants

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s Big Four corporate accountancy and auditing firms — Deloitte, PwC, KPMG and EY — saw nearly three times as many fines last year as they did in 2017, according to the Financial Times. million, respectively, once accounting for settlement discounts). million and $15.8

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UK Watchdog’s Tesco Accounting Fraud Case Collapses

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A previous legal effort from the SFO had been abandoned earlier this year just before a jury was slated to deliberate its verdict. corporate finances following a series of scandals. .” corporate finances following a series of scandals. Tesco acknowledged in the autumn of 2014 that it overstated profits, the BBC said.

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Samsung Unit Afoul Of Accounting Law, Regulator Says

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South Korean financial regulators said a unit of Samsung , Samsung BioLogics , intentionally breached corporate accounting rules, Reuters reported Thursday (July 12). “We have legally implemented all accounting procedures,” the company stated.

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Business Leaders Chosen To Scrutinize UK Accounting Watchdog

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have been chosen to lead the inquiry into the nation’s accounting watchdog and assess whether the body is effective at identifying and preventing accounting issues. This composition has not an ounce of radical reform in it,” said University of Suffolk professor of accounting Atul Shah in an interview with the publication.

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The Intersection Of FX Management And Open Banking

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HSBC announced Monday (July 8) the launch of its Next Generation Virtual Accounts, a solution that aims to provide corporate treasurers with greater control over how they group corporate accounts and enabling them to consolidate those accounts based on function.

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Artificial Intelligence Lands AR In Uncharted Territory

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Chatbots are another area the executives said will be disrupted by AI, as companies look to achieve this enhanced customer engagement and customer experience; indeed, several other corporate finance companies have already deployed AI-powered chatbots to facilitate processes in the corporate accounting space.