According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting fraud at South African retailer Steinhoff. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. In a Friday (March 15) letter to the committee, addressed to...
Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Get the Full Story Complete the form to...
In the UK, invoice scams are still gaining traction, and significantly so among smaller firms, according to Barclays. Elsewhere, in North America, finds another study, complacent thinking seems to leave smaller firms vulnerable to online fraudsters.
The Hong Kong Securities and Futures Commission has issued its largest-ever fine, which landed on international investment banks for what the watchdog found to be failings in their initial public offering sponsorship roles. Get the Full Story Complete the form to unlock this article and...
Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). Get...
Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright....
The U.S. Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to explore innovation in and access to trade finance. Get the Full Story Complete the form to unlock this article and...
The more than $69 million raised by B2B startups this week came from across the globe, including Israel, the Netherlands and Singapore, to name a few. Investors targeted the alternative small business lending market, particularly in the trade finance arena, but it was the human...
