Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

Audit 52

Audit Compliance Automation Verification 52

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

Audit 40

Audit Automation Risk Assessment Assessments 40

The Fintech Times

MARCH 18, 2024

Calvin Ayre, venture capitalist and founder of Ayre Group, a global enterprise supporting real estate projects, businesses, and technologies, shares insights centred on the BSV Blockchain’s Teranode scaling solution. However, Teranode is not some whiteboard mirage that teases a technological paradise that never gets any closer.

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

Audit 75

Audit Continuity Automation Risk 75

FloQast

JANUARY 22, 2024

How CFOs and Business Leaders Can Leverage Technology to Prepare for the Market Shift CFOs and business leaders must be ready to strike when the market shifts. Technology solutions improve workflow and free team members up from: Low-level, mundane tasks Repetitive tasks Companies are facing challenges that can impact their IPO readiness.

Automation 52

Automation Technology Audit Compliance 52

FloQast

MAY 13, 2024

Accounting is the backbone of financial transparency and corporate governance, and the profession is undergoing a transformation driven by technological advancements and shifting market dynamics. Continuous Learning with Digital Transformation As digital technologies evolve, continuous learning is essential for accounting teams.

Accounts 52

Accounts Technology Cybersecurity Audit 52

VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Establish processes for ongoing monitoring, vulnerability scanning, and penetration testing to identify and address security vulnerabilities promptly. of PCI DSS. of PCI DSS.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

VISTA InfoSec

FEBRUARY 13, 2024

The proliferation of technology in the present age, while undeniably a win for innovation and modern convenience, has unfortunately been paralleled by an upsurge in cyber threats that present a multifaceted challenge to both businesses and individuals. Implementing a structured patch management process is key to overcoming this challenge.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

APRIL 25, 2019

A new report has revealed that an Amazon team auditing Alexa commands might be able to find a customer’s home address in a matter of minutes. It seems that some of these employees can take that info to find a user’s geographic coordinates and easily find their home address.

Addressing 40

Addressing Audit Correspondent Technology 40

FloQast

APRIL 8, 2024

Addressing material weaknesses is not just a legal requirement but a cornerstone of corporate governance and ensuring investor confidence, no matter the company size. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Enhance information and communication systems.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Changes Core Requirement Systems must be time-synchronized using a reliable technology. introduces a new rule for the utilization of automated tools to conduct audit log reviews. 10.5.1 – 10.5.5)

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act of 2002 , commonly referred to as SOX, reflected a bipartisan congressional effort to address the root causes of those financial scandals. The 4 Steps of SOX Testing Most companies use four stages of SOX testing as part of a SOX compliance audit. What Is the Purpose of the SOX Testing Process?

Audit 52

Audit Compliance Assessments Procedures 52

Fintech Finance

JULY 30, 2024

The Mastercard Ghana Fintech Forum aimed to address these issues, fostering engagement and innovation to drive financial inclusion. “At Today’s discussion highlighted the transformative potential of these technologies, and I am excited about the future we are building together.”

Contactless Payments 98

Contactless Payments Cybersecurity Visa FinTech 98

The Fintech Times

MAY 14, 2024

The solution addresses the main challenges banks face in deploying and integrating this type of technology with their existing data infrastructure, while also addressing their data security and privacy concerns. Temenos generative AI also enables users and regulators to verify the results produced.

AI 122

AI Financial Crimes Audit Crime 122

Fintech News

MAY 13, 2024

The AI technology is designed to be seamlessly integrated with banks’ existing data infrastructures and addresses common challenges related to data security and privacy. The Generative AI technology by Temenos is versatile, applicable across customer service, middle office operations, and product development.

AI 102

AI Financial Crimes Crime Mitigation 102

Innovative Payments Association

AUGUST 15, 2024

Artificial Intelligence (AI) has been making waves in the financial technology (FinTech) industry, revolutionizing the way financial institutions operate and provide services to customers. However, the rapid advancement of AI technology has also raised concerns about data privacy, security, and potential bias in decision-making processes.

Boot Camp 52

Boot Camp Regulations AI FinTech 52

PYMNTS

NOVEMBER 29, 2018

The allure of blockchain was its potential to be a catch-all solution, but as innovators take a more practical approach to introducing the technology to the real world, its true opportunity may lie in addressing highly specialized, unique points of friction. trillion by 2025.

Cryptocurrency 54

Cryptocurrency Audit Blockchain B2B 54

The Fintech Times

FEBRUARY 14, 2024

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. Easier monitoring: Automated systems maintain an audit trail for all transactions, facilitating process monitoring and compliance with audits.

Automation 103

Automation Process Duplicate Compliance 103

Nanonets

SEPTEMBER 18, 2024

In this article, you’ll learn how to set up efficient document workflows that save time and reduce error, ways to address common challenges, and automated tools for different use cases across industries. However, as companies grow, the volume of documents increases exponentially, making manual processing inefficient and error-prone.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Finovate

MAY 13, 2024

Banking technology provider Temenos launched Responsible Generative AI Solutions for financial services this week. “Temenos Explainable AI offers transparent, auditable insights while our Generative AI infused platform delivers these insights instantly in an intelligent and personalized way.

AI 105

AI Financial Crimes Audit Crime 105

PYMNTS

FEBRUARY 19, 2018

As a result of the relative lag in technology adoption, organizations are less adept at getting all the information they need to streamline those supplier relationships, such as tax information or other crucial items that he said “cry for information … it’s a very risky process to pay the wrong people.”.

Audit 51

Audit Automation Cross-Border Cross-Border Payments 51

Nanonets

FEBRUARY 9, 2024

It also applies to accounting firms, audit agencies, and any third party that a publicly traded company uses in its accounting management process. The act requires companies to develop, publish, audit, and actively use their ICFR. A detailed look at specific findings and any issues arising from audit. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

FICO

AUGUST 8, 2022

In these blogs, I review the industry trends and developments in technology set to impact businesses. Overall, I predicted that in 2022 Auditable AI and Humble AI will join Explainable AI and Ethical AI under the umbrella of Responsible Artificial Intelligence. Prediction: We’ll See More Use of Auditable AI Techniques.

AI 96

AI Audit Risk Credit Risk 96

PYMNTS

SEPTEMBER 29, 2017

Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. But, these heightened pressures haven’t necessarily meant FIs are engaging in a technological overhaul of their treasuries. “In “Managing liquidity and credit risk are definitely of main concern to FIs.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Nanonets

SEPTEMBER 21, 2023

From  technology  adoption to  compliance  with  regulations , we will delve into various strategies that can help businesses overcome  accounting  hurdles and achieve financial success. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions.

Accounts 52

Accounts Audit Payroll Compliance 52

The Fintech Times

OCTOBER 12, 2024

The FinTech Scotland innovation call aims to tackle critical data and technology challenges to enhance the integration of Environmental, Social, and Governance (ESG) factors in the financial services sector. Scott Logic : A B Corp focused on addressing data quality and reliability in greenwashing.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

NFCW

JULY 17, 2024

“The commitments address the Commission’s competition concerns relating to Apple’s refusal to grant rivals access to a standard technology used for contactless payments with iPhones in stores (‘Near-Field-Communication (NFC)’ or ‘tap and go’).” To shorten deadlines for resolving disputes.

Payment Service Provider (PSP) 74

Payment Service Provider (PSP) Use Case Legal Agreements 74

Fintech Finance

OCTOBER 11, 2024

Plans are in place to address the requirements and limitations contained in the consent orders, including adjustments to the Bank’s U.S. The Board has and continues to take action to address these failures and hold those responsible accountable. balance sheet. “Money laundering is a serious global threat, and our U.S.

AML 97

AML BSA Money Laundering Financial Crimes 97

Neopay

FEBRUARY 27, 2024

In the fast-paced world of financial technology (fintech), adaptation and innovation are not merely buzzwords but necessities for staying competitive and compliant. The dynamic landscape of fintech The fintech industry has seen exponential growth in recent years, driven by advancements in technology and changing consumer preferences.

FinTech 59

FinTech Compliance Audit Risk Management 59

Open Banking Excellence

AUGUST 23, 2023

There is huge hype around generative AI apps like ChatGPT, with advocates arguing that this technology will increase productivity and improve efficiency for every type of company. The same survey found that 67% are not prepared to implement generative AI within their technology estate due to security concerns.

AI 130

AI Risk Online and Mobile Banking CRM 130

VISTA InfoSec

JULY 31, 2023

By following the steps outlined in the checklist, businesses can take a comprehensive approach to security measures and access controls, and respond to new threats posed by technological advancements. It is then up to the business to engage a consultant or take other appropriate measures to address the areas of non-compliance.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

OCTOBER 9, 2020

We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk,” Eclypsium CEO Yuriy Bulygin said in an announcement. “We Zira Technologies , a workplace management technology platform, has notched $3.1 Canada, India and Mexico can access Zira’s technologies.

Compliance 107

Compliance Automation Audit Cybersecurity 107

PYMNTS

APRIL 7, 2017

is currently set up, there is likely always going to be a need for a post-election audit via recounting votes. The finance industry currently uses blockchain technology as a way to securely keep track of money being transferred on multiple decentralized sources. that are using blockchain technology, there are countries outside the U.S.

Blockchain 40

Blockchain Technology Audit Posting 40

FloQast

AUGUST 14, 2024

Built-In Controls: Comprehensive auditing and reporting workflows. Jennifer LaGrandeur, Finance Technology Director Fanatics Evaluation and Selection of FloQast Fanatics chose FloQast for its: Tailored Solution: Features designed specifically to address their pain points. We just never knew if we were done.”

Reconciliation 52

Reconciliation Close Processes Compliance Audit 52

Fintech Finance

SEPTEMBER 20, 2024

The consultation which will be launched in the coming months, will also consider a range of further policy measures that could help address poor payment practices. The UK Government’s new measures are all positive and show a strong commitment to addressing this issue. We must also focus on technological solutions.

Small Business 97

Small Business Governance Government Payments 97

The Fintech Times

SEPTEMBER 30, 2024

Having explored the biggest compliance challenges, opportunities and future trends, we’re now looking at the role supervisory technology (suptech) tools can play in changing the regulatory landscape. “However, the implementation also presents a range of opportunities.

Risk 64

Risk Compliance Authorization Risk Assessment 64

FICO

DECEMBER 8, 2021

These include Auditable AI and Humble AI, and my AI predictions for 2022 are that we will see them formally join Explainable AI and Ethical AI under the umbrella of Responsible AI , the gold standard that should be used in developing artificial intelligence systems that are trustworthy and safe. Auditable AI and Humble AI.

AI 52

AI Audit Blockchain Addressing 52