A malware attack at accounting software company Wolters Kluwer wreaked havoc on the firm this week, as reports stated the cyber event has spread “quiet panic” throughout the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital to stop fake documentation. Elsewhere, Kraft Heinz finds several varieties of procurement fraud.
The U.S. Securities and Exchange Commission voted Thursday (May 9) to ease requirements for smaller public companies to be audited by external firms, reports in The Wall Street Journal said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers, Deloitte, EY and KPMG – experts have raised concerns over why these players were unable to detect and prevent several high-profile corporate collapses...
Human capital management solution provider ADP is deepening its integration with Intuit’s small business accounting platform, QuickBooks, to streamline data connectivity between the two platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
JPMorgan is collaborating with Bora Payment Systems in an initiative that will support the adoption of virtual cards in the B2B payments landscape. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In China, digital financial services gain ground among collaborative efforts between tech-savvy upstarts and traditional players. Elsewhere, Monetary Authority of Singapore is eyeing digital-only banking licenses.
So far, one of the largest use cases for tokenization has emerged as the Initial Coin Offering (ICO) — a lucrative, if not controversial, fundraising strategy that has already led to billions of dollars in investments. Yet, ICOs have been marred by fraud, regulatory scrutiny...
The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Get the Full Story Complete the form to...
