Bank Regulators Outline Expectations for Crypto Custody
Three major federal bank regulatory agencies issued a joint statement warning banks about the risks associated with taking custody of cryptocurrency assets. While the statement does not impose new regulations on crypto custody, it signals a significant shift—indicating that the federal government is now fully engaged on this issue, a notable departure from the previous […]
Australia to Ban Surcharging on Card Payments
Many merchants have adopted card surcharging to reduce costs and drive customers to use alternative payment methods. However, Australian regulators consider the practice outdated. The Reserve Bank of Australia (RBA) has proposed eliminating card payment surcharges—a move the central bank estimates could save consumers roughly A$1.2 billion per year. “Australia seems to be in a […]
AI Is Turning Accounts Receivable Into a Strategic Powerhouse
For years, accounts receivable (AR) was a quiet, behind-the-scenes function in corporate finance. Necessary, sure, but not the kind of area that made headlines. But that’s starting to change—fast. With the rise of artificial intelligence (AI) and machine learning (ML), AR is being transformed from a manual, reactive process into a proactive engine for cash […]