PYMNTS

JUNE 4, 2019

The GAO released a report today (June 4) saying the bureau is not complying with five of six recommendations it made, which involve assessing the accuracy of the database of drivers’ licenses, mugshots and other identifying photos supplied to the FBI by at least 20 states. GAO made six recommendations to address these issues.

FBI 43

FBI Law Enforcement Database Audit 43

VISTA InfoSec

JULY 31, 2023

It is then up to the business to engage a consultant or take other appropriate measures to address the areas of non-compliance. Regularly Generate Audit Logs : Antivirus software should be active, updated, and generate audit logs regularly. Access to Audit Logs : This includes tracking access to audit logs.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Exact Payments

JANUARY 4, 2024

Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance. PCI requirements are a comprehensive set of standards with additional protocols you will need to investigate and address.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. Regularly test and assess network vulnerabilities to identify and address any weaknesses.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Nanonets

AUGUST 6, 2024

For instance, in a sports league scenario, while an LLM could provide generic information about the sport or teams, RAG empowers the AI to deliver real-time updates about recent games or player injuries by accessing external data sources like databases, news feeds, or even the league's own data repositories.

AI 52

AI Database Payment APIs and Integration Automation 52

PYMNTS

JANUARY 26, 2018

The solution can also safeguard information linked to compliance, auditing and regulatory review, the company noted. While Ripple and other decentralized technologies are addressing payments, the transfer of funds is only a small part of a B2B transaction.

Blockchain 62

Blockchain Transactions B2B API 62

PYMNTS

NOVEMBER 25, 2020

In the case of recognition, an individual’s picture might be compared to millions of other faces in a database, one by one. He said the person would examine a slew of facial images to determine authenticity, and in effect audit the data. Facial recognition is about exposing one’s identity. Platforms also offer flexibility.

AI 141

AI Verification Disaster Recovery Authentication 141

PYMNTS

APRIL 28, 2019

Gathering the views of the artificial intelligence and machine learning research community, PAI has outlined ten largely unfulfilled requirements that jurisdictions should weigh heavily and address before further use of risk assessment tools in the criminal justice system,” according to the researchers.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

Nanonets

MAY 11, 2023

This “t hree-way matching ” addresses questions such as: o   Are the payment terms matching? The invoice and payment details are archived in the GL for future audits. Missed invoices lead to delayed payments and associated penalties, strained vendor relationships, delays in operation, and audit issues.

Process 52

Process Automation Audit Checks 52

Nanonets

AUGUST 23, 2023

It could be exporting the data to your ERP or CRM system or updating your databases. Lastly, this workflow makes it easier to create an audit trail, ensuring that your business remains compliant and maintains a clean record of all data processing activities. How does AI document processing address common workflow challenges?

AI 97

AI Process Payment APIs and Integration Compliance 97

Nanonets

JUNE 13, 2023

Similarly, an accounting department could utilize OCR to digitize receipts and invoices stored in SharePoint, making it easier to extract important financial data for analysis and auditing. For instance, extracting dates, names, amounts, addresses, or specific clauses from contracts, invoices, or forms.

Database 52

Database Automation Process Fed 52

Nanonets

APRIL 15, 2024

These may include outstanding checks, deposits in transit, bank errors, timing differences, and any other discrepancies that need to be addressed. Fraudulent activities, such as unauthorized withdrawals or forged checks, can lead to discrepancies and must be promptly addressed.  

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

VISTA InfoSec

FEBRUARY 16, 2024

addressed common coding vulnerabilities in software-development processes. - Use database safeguards (parameterized queries) to stop injections. The primary objective is to address common software vulnerabilities throughout the development process. focused on addressing new threats and vulnerabilities. - PCI DSS v3.2.1

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Nanonets

JUNE 12, 2024

Any discrepancies are immediately addressed and once everything is confirmed to be in order, the purchase order is marked as fulfilled. Record Keeping: Maintaining accurate records of all purchases and documenting every process in the procurement cycle is very important for reconciliation, auditing and fraud detection.

Best Practices 52

Best Practices Automation Small Business Process 52

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

SEPTEMBER 21, 2023

Moreover, including the purchase order number on the invoice provides a transparent audit trail, allowing for easier tracking and reconciliation of financial records. Invoices also serve as important documentation for legal and auditing purposes.

Disputes 52

Disputes Legal Procedures Facilitators 52

Nanonets

JANUARY 17, 2024

The expense report enables more thorough auditing throughout the permitting process than just showing the total expenditures incurred. Here’s what an automated expense reports and expense reimbursements process looks like with Nanonets: Your employees are to forward all the invoices, receipts, and bills to a specific email address.

Automation 52

Automation Reconciliation Accounts Audit 52

Nanonets

JUNE 21, 2023

This report serves as evidence of the thoroughness of the reconciliation process and provides documentation for auditing purposes. This should be done to track transactions and records to identify and address discrepancies on time. Nanonets' document annotation feature enhances collaboration among reviewers.

Reconciliation 52

Reconciliation Process Adjustments Automation 52

PYMNTS

JANUARY 16, 2020

That, Caselli noted, is simply unfeasible — she has worked with companies that have not audited their lists in years because of the time and labor costs involved. Addresses change, phone numbers change, even email addresses change in that much time. Ten years is a long time,” she said.

Database 54

Database Payments Request for Information Process 54

Nanonets

JUNE 13, 2024

To address this issue, organizations prefer using reconciliation software, which can automate the heavy lifting and monotonous tasks while ensuring accuracy and timeliness during the monthly book-closing period. Maintaining an accurate audit trail is crucial for your company to avoid potential penalties which auditors may flag.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

MARCH 14, 2024

Vendor Relationship: Effective implementation fosters transparency and trust in vendor relationships, as discrepancies are promptly addressed and resolved. Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

CB Insights

NOVEMBER 2, 2017

We define regtech broadly to include any technology and/or software created to address regulatory challenges and help companies understand regulatory requirements and stay compliant. Below, here are a few of the most important drivers fueling regtech growth and adoption, as well as select startups addressing the gaps.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

PYMNTS

AUGUST 15, 2019

This type of data, Eleveld said, consists of email addresses, IP addresses and physical addresses — many of which are fluid and may change frequently. population moves every year, and knowledge of new addresses can be used to stay one step ahead of fraudsters. In one example, he said, 20 percent of the U.S.

Authentication 53

Authentication Compromise Addressing Regulations 53

Nanonets

JUNE 15, 2023

It also made auditing a daunting task, as tracking document flow was challenging. Automated Approach: Digital Invoice Receipt : Invoices are now received digitally via a dedicated email address or vendor portal. This has expedited the approval process and provided a clear audit trail. This completes your workflow.

Automation 52

Automation Payment APIs and Integration Audit Process 52

Nanonets

JULY 25, 2023

Complete and accurate financial accounting simplifies tax obligations, auditing, and valuation processes. Challenges of financial data analytics Despite the increasing importance of financial analytics and the availability of vast amounts of data, there are persistent challenges that need to be addressed.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

PYMNTS

MARCH 12, 2018

When auditing giant KPMG assessed corporate compliance of government requirements to report supplier payment habits, the company made a concerning discovery : Just 17 enterprises in Scotland were adhering to the rules. The findings highlight the limits of government intervention in the challenge of late payments. The EU, U.K.

B2B 43

B2B Small Business Payments Regulations 43

PYMNTS

JUNE 23, 2016

InMobi managed to short circuit users attempts at blocking location information gathering by collecting basic service ID addresses, which are essentially unique serial numbers for wireless access nodes.

FTC 41

FTC Federal Trade Commission Privacy Fed 41

PYMNTS

NOVEMBER 3, 2017

Based in Finland and with offices in California, MariaDB offers enterprises an open source database solution. California’s AppZen deploys AI and machine learning to automate back-office functions, with a focus on expense report auditing, fraud detection and employee spend compliance. Expense Management.

B2B 75

B2B Automation AI Fraud Detection 75

CB Insights

MARCH 27, 2019

What Facebook is Doing to Address the Gaps. In a recent call, Zuckerberg addressed the challenges that Facebook, in particular, faces when it comes to a constant barrage of attacks: “Security, it’s an arms race. Amazon addressed the concern in a statement, saying that a series of accidentally issued Alexa commands caused the issue.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

Nanonets

MARCH 21, 2023

The payment processing analyst is in charge of paying invoices on the date in which they are due The exceptions analyst addresses discrepancies in invoices and handles payment failure issues. The vendor management personnel create and manage the supplier database and correlate it with various procurement operations.

Accounts 52

Accounts Automation Process Correspondent 52

EBizCharge

MAY 14, 2024

Automated billing systems work by integrating with a company’s existing financial and customer databases and their accounting software. Support channels such as hotlines, live chat, email assistance, and comprehensive online resources can help promptly address customer questions or issues with the new system.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

DECEMBER 4, 2023

AI-driven tools can quickly compare the order information against your database to confirm the accuracy and check for discrepancies. Implement end-to-end automation While partial automation may address specific bottlenecks, it's the end-to-end automation that truly transforms operations.

Automation 52

Automation Process Payment APIs and Integration Returns 52

Nanonets

SEPTEMBER 22, 2023

By recording each order in the sales order database, companies can generate reports and gain insights into their sales trends, customer preferences, and inventory turnover. Failure to record invoices can lead to discrepancies in revenue recognition, inaccurate financial reporting, and difficulties in auditing.

Accounts 52

Accounts Facilitators Transactions Process 52

Nanonets

FEBRUARY 15, 2024

Needs Assessment Report for XYZ Corp Executive Summary This report identifies the need for new manufacturing machinery at XYZ Corp to address a decline in production efficiency and to meet increasing customer demand. Delivery Schedule The Supplier agrees to deliver the Products to [Delivery Address] on or before [Delivery Date].

Finance 52

Finance RFP Agreements Automation 52

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Significant shift in approach. New framework for unavoidable exceptions.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Nanonets

DECEMBER 11, 2023

Utilize natural language to effortlessly create and manage workflows that seamlessly integrate with all your documents, apps, and databases. Utilize natural language to effortlessly create and manage workflows that seamlessly integrate with all your documents, apps, and databases.

CRM 52

CRM Automation AI Authorization 52