Remove topic fintech
article thumbnail

Strengthening Fintech Trust: The Comprehensive Benefits of a SOC 2 Report

Withum

In the dynamic environment of financial technology (Fintech), where the exchange of sensitive financial data is a daily occurrence, building and maintaining trust is paramount. As Fintech companies strive to establish themselves as reliable and secure entities, acquiring a System and Organization Controls (SOC) 2 report is pivotal.

audit 59
article thumbnail

How FinTech Can Help Firms Elevate, Expand and Enhance Services

CPA Practice

Fintech has become increasingly popular with consumers, so much so that it’s starting to have a noticeable impact on their relationship with financial professionals. Alarmingly, the data also reveals that 45% of fintech users think that these tools could make working with financial professionals obsolete in the future. By Max Lillard.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CECL – What Is It and How Does It Impact Fintech Companies?

Withum

Right now, there is probably no more frequently searched accounting topic by accounting and finance personnel in Fintech than CECL. This means that Fintech companies will need to use forward-looking models to estimate expected credit losses over the lifetime of a loan portfolio rather than relying on historical data.

article thumbnail

Bessemer Venture Partners’ Birnbaum On Why It’s Go-Time For FinTech

PYMNTS

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

article thumbnail

Accountex London welcomes record breaking number of visitors 

Accounting Insight

” “There was such vibrancy and energy throughout” There were also over 290 fintech and service suppliers offering software demos and catching up with clients old and new. Visitor Lisa Leeman, Director at Virtual Business Solutions Ltd.

article thumbnail

The Race To The Cloud: Will Digital Banks Win?

PYMNTS

Lloyds will look to both of these providers to help it create digital banking tools for its customers that will allow it to compete with the rising number of online-only FinTechs and challenger banks grasping at established FIs’ market share in the United Kingdom. FinTechs Curve, Neat On Why Infrastructure Is Key To Digital Transformations.

article thumbnail

B2B APIs Make More Connections

PYMNTS

The February 2020 B2B API Tracker , powered by Red Hat , provides an immersion in the topic, as application programming interfaces (APIs) are increasingly layered onto the legacy payments infrastructure, creating a new central nervous system for digital transactions worldwide. Nimbler FinTechs Hook Up. A change in perspective helped.

B2B 59