Global Banking & Finance

MAY 22, 2024

Why Online Fraud Prevention Is Getting Harder Than Ever Online fraud prevention is often likened to a game of cat and mouse, where determined cybercriminals are constantly innovating with new techniques to [1]bypass security systems, infiltrate networks and perform illegitimate financial transactions.

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Peak Frameworks

SEPTEMBER 19, 2023

SWIFT stands for Society for Worldwide Interbank Financial Telecommunications and is an integral part of global finance. To address these inefficiencies, 239 banks from 15 countries collaborated in 1973 to form SWIFT , aiming for a standardized global transaction protocol.

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Razorpay

JULY 25, 2023

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

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Peak Frameworks

SEPTEMBER 12, 2023

White-collar crime , a term popularized in the last century, remains one of the most pressing concerns in the world of finance. White-collar crime refers to financially motivated, non-violent crimes committed by individuals, typically in business and government. One of the most infamous examples of this is the Enron scandal.

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Razorpay

MARCH 11, 2024

This fascinating fusion of finance, logistics, and global connectivity forms the bedrock of international trade, and it’s a world brimming with intricacies and nuances that demand careful understanding. So, buckle up, because we’re about to embark on an expedition to explore the essentials of import payments. What are Import payments?

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Razorpay

NOVEMBER 30, 2023

Besides, electronic payment systems have revolutionized the way we handle our finances, making transactions quicker, more efficient, and accessible to anyone with a bank account. NEFT is typically used for smaller transactions, while RTGS is reserved for larger, time-sensitive transfers.

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Razorpay

MARCH 28, 2025

Verify Vendors Always confirm any changes in payment details directly with vendors through secure communication channels like phone calls or official emails. Dual Approvals Require multiple levels of authorization for high-value transactions to ensure legitimacy. Frequently Asked Questions (FAQs) 1. How common is invoice fraud?

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Wall Street Mojo

JANUARY 15, 2024

What Is A Transaction Motive? Transaction motive refers to the desire to hold cash to facilitate everyday cash-based financial transactions such as business and personal needs, covering payroll, purchases, and bill payments. Two major factors drive its functioning: the level and frequency of transactions.

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Razorpay

DECEMBER 20, 2023

They offer various features and security measures to suit individual preferences and situations. Payment methods can take various forms, from traditional cash transactions to the latest digital innovations. PCI DSS sets guidelines and security measures to protect cardholder data, thus ensuring safe and reliable payment processing.

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Razorpay

MAY 23, 2023

Businesses have financial needs, too. They need to store money, avail loans and manage finances just like individuals. Regular retail banks provide financial services to individuals but are not equipped to service businesses. These banks are not made to manage the finances of a rapidly growing business or big corporations.

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Razorpay

AUGUST 7, 2024

Last year’s theme, “Global Collaboration for a Responsible Financial Ecosystem,” emphasized the importance of responsible innovation, strong regulatory frameworks, and inclusive financial practices to benefit everyone. For higher amounts, your UPI PIN provides an additional layer of security.

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Lake Country Advisors

OCTOBER 17, 2024

Proper preparation involves organizing your finances, optimizing operations, and presenting your business in the best possible light to attract potential buyers. The size and complexity of the company, industry trends, and buyer financing are among the most significant.

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Razorpay

SEPTEMBER 12, 2024

AI in payments refers to using artificial intelligence and machine learning algorithms to streamline and enhance various aspects of financial transactions and payment processes. This active approach improves security, efficiency, and accuracy by adapting to new patterns and emerging threats in real-time.

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Razorpay

AUGUST 11, 2024

By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. These networks act as intermediaries, ensuring secure and efficient transfer of funds. EFT networks operate by using secure, computer-based systems. Benefits of Payment Networks 1.

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Wall Street Mojo

JANUARY 15, 2024

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

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The TRADE

MARCH 15, 2024

Leveraging smart contracts, or automating and simplifying complex financial transactions, coupled with the power of AI – spells big potential for making trading faster, transparent and more efficient. We already have deep experience in creating systems that are secure and that work at-scale.

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Razorpay

MARCH 27, 2024

The first step to managing your financing better is picking the right checking account or current account with the right provider. Record keeping : A checking account allows businesses to keep track of their financial transactions, which is essential for accounting and tax purposes. What is a checking account used for?

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Razorpay

JULY 11, 2023

Current accounts are just as liquid as regular savings deposit accounts but do not earn as much interest, since the main purpose of a current account is to facilitate convenient transactions, and not earn interest income. Current Account for Startups Startups have very specific financial needs that banks must anticipate.

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Razorpay

JULY 29, 2023

E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. Types of E-Banking The integration of the internet and computers into finance and banking has created several branches of e-banking. Is e-banking secure? Yes, e-banking is very secure.

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Razorpay

MARCH 18, 2024

A business owner must keep the funds intended for the business separate from their personal finances. It is used to facilitate transactions, receive income, and store funds. Corporate Account that supercharges your banking experience The RazorpayX-powered current account is backed by leading financial institutions.

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M&A Leadership Council

OCTOBER 30, 2023

Operations, Finance and other support functions like IT were fully integrated, while marketing, sales and customer service entities remained separate. This tactic not only made our leaders feel more confident about their job security, but it also positioned the company to have the human capital it needed for subsequent acquisition.

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Razorpay

SEPTEMBER 22, 2024

The finance team then records this in accounts payable and pays the vendor. AI-driven automated invoice processing systems identify and prevent fraudulent activities, securing financial transactions. Data Security Concerns Manual invoice processing increases the risk of unauthorized access to sensitive information.

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Razorpay

OCTOBER 8, 2024

It ensures adherence to internal policies and external regulations related to procurement and financial transactions. AvidXchange is a cloud-ready solution that allows users to archive their documents securely and access them anytime, anywhere. The platform provides you easy access to information from a centralised dashboard.

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Wall Street Mojo

JANUARY 17, 2024

In case of claim, the amount can be adjusted by payment of cash, or physical payment of the security. CDS helps the buyer to eliminate the possibility of loss or risk in the financial transactions, thus providing them encouragement to invest further. However, cash is always a preferred method of payment.

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The TRADE

APRIL 30, 2024

A key aspect of Mifid II, is the expansion of transparency requirements, namely in the trading of financial instruments. It mandates increased pre- and post-trade transparency for a wide range of asset classes, including equities, fixed income, derivatives, and structured finance products.

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Razorpay

DECEMBER 27, 2024

In 2020, investors were faced with a stark choice: secure but low-yield fixed deposits (FDs) or riskier equity markets with the promise of higher returns. In a field like this, where seamless financial transactions are critical for investor trust and business growth, the role of a reliable payment aggregator becomes pivotal.

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