Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Regulatory Compliance The insurance industry is heavily regulated, and new technologies must comply with existing regulations. Insurers need to navigate complex regulatory landscapes while implementing innovative solutions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech Finance

JANUARY 11, 2024

It explores the challenges faced by financial institutions in correspondent banking relationships, shedding light on regulatory compliance, security concerns, foreign exchange rate risks, and the impact of fintech players entering the field. The post U.S.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech Finance

JUNE 24, 2024

This makes it much easier than traditional banks that often require proof of address to get a bank card. By embracing cutting-edge technology, the partnership has allowed Mama Money to fast-track innovation in the market while maintaining the highest levels of regulatory compliance.

Bank Card 77

Bank Card Regulatory Compliance Cross-Border Financial Inclusion 77

Fintech Review

JANUARY 9, 2024

Prioritize Regulatory Compliance Photo by Sora Shimazaki on Pexels.com For fintech founders, one of the primary areas of focus should be regulatory compliance. Navigating this regulatory landscape can be challenging, but it’s paramount for success.

FinTech 64

FinTech Regulatory Compliance Compliance Regulations 64

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. While entities can choose their methods for HIPAA disaster recovery planning, HIPAA mandates basic requirements in section 164.308(a)(7)(ii) , requiring organizations to address certain aspects.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech News

MARCH 26, 2024

The initiative enhances Sumsub’s Travel Rule compliance services for the cryptocurrency sector by addressing the sunrise issue, a significant challenge where counterparties may not be reachable due to varying adherence to Travel Rule requirements across VASPs.

Travel Rule 96

Travel Rule Rules Compliance Transactions 96

Fintech Review

JUNE 25, 2024

Traditionally, such transactions are marred by high fees, lengthy processing times, and inherent complexities due to different regulatory frameworks and currencies. Blockchain technology addresses these challenges by enabling direct peer-to-peer transactions across borders.

Blockchain 95

Blockchain Technology Cross-Border Innovation 95

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. A Compliance Monitoring Plan helps you stay on top of regulatory requirements by systematically assessing your entire business operations.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. Factors like regulatory compliance obligations and the potential financial or reputational repercussions are also considered during this assessment.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

The Fintech Times

MARCH 25, 2024

This movement isn’t simply about the adoption of cutting-edge technologies; it signifies a profound reimagining of financial services provision aimed at cultivating innovation, driving efficiencies and addressing the evolving needs of consumers.

Finance 115

Finance Regulatory Compliance Compliance On-Demand 115

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Fintech News

MARCH 3, 2024

In her new role at FOMO Group , Cindy will be essential in advancing the company’s compliance infrastructure, ensuring adherence to the diverse regulatory landscapes of the jurisdictions in which the company operates. She has previously served as the Chief Control Officer at Bank J.

Compliance 86

Compliance AML Regulatory Compliance Money Laundering 86

The Fintech Times

FEBRUARY 25, 2024

Financial institutions orchestrate their offerings based on these events to ensure customer satisfaction and regulatory compliance. is the most comprehensive ‘first principles’ technology addressing the current and future needs of any financial institution. “We have conducted over 150 eMACH.ai ” The eMACH.ai

Payment APIs and Integration 105

Payment APIs and Integration Regulatory Compliance API Compliance 105

Seon

JUNE 20, 2024

As industry players brace for implementing these regulations, the focus remains on balancing regulatory compliance with operational efficiency. With this maturation comes new challenges, particularly in regulatory compliance and licensing across various markets.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Misra , who sits at the forefront of this arena, is a pioneer in using LLMs to do the heavy lifting when it comes to compliance. Compliance platforms of the past are not able to cope with these new kind of reporting requirements.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

The Fintech Times

JUNE 25, 2024

Simplifying access to finance The new card makes it much easier than traditional banks that often require proof of address to get a bank card. By catering to the specific needs of a diverse customer base, Mama Money continues to dismantle financial barriers and promote inclusivity.”

Bank Card 64

Bank Card Finance Cross-Border Regulatory Compliance 64

VISTA InfoSec

FEBRUARY 13, 2024

In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework. Developers typically release updates to address any new threats they identify, which makes it crucial for organizations to apply these updates promptly.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Compliance Legal Best Practices 130

Innovative Payments Association

AUGUST 29, 2024

Businesses should conduct internal audits, risk assessments, and compliance reviews to identify any weaknesses or areas for improvement. By regularly monitoring compliance activities, businesses can proactively address any issues before they escalate.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Fintech Times

JULY 31, 2024

As natural catastrophes, including wildfires and convective storms, become more frequent and severe, insurers are looking for new ways to accurately predict and proactively address the growing threat of climate risk. Recognising this, ZestyAI provides property-specific data to help insurers determine the true risk for each property.

Risk 59

Risk AI Risk Assessment Assessments 59

Seon

JULY 10, 2024

In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions. However, the two often overlap, as both contribute to an organization’s overall risk management and compliance efforts.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

FICO

FEBRUARY 15, 2021

Our roadmap for regulatory compliance with the FICO Siron solution meets existing regulatory requirements and will enable us to rapidly adapt to new regulations,” said Marina Skalistiri, head of compliance risk assessment planning and reporting at Eurobank Greece. It is easy to see how things can become very complex.”.

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

Fintech News

FEBRUARY 21, 2024

This alignment of powers across various financial regulations underscores MAS’s strategic approach to navigating the intricacies of modern financial crimes, ensuring that the regulatory framework is equipped to address challenges posed by technological advancements and global financial operations.

Financial Crimes 89

Financial Crimes Crime Authorization Consulting 89

Neopay

MARCH 7, 2024

In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1 firms. It is imperative for these firms to promptly address any identified shortcomings to align with regulatory expectations. These must be addressed.”

AML 52

AML Financial Crimes Crime Risk Assessment 52

Fintech Finance

AUGUST 22, 2024

As a result, customers can bring enterprise workloads to the cloud quickly and efficiently while addressing the strictest regulatory compliance requirements.

Void 74

Void Payment Service Provider (PSP) Alternative Payment Methods Payments 74

Nanonets

NOVEMBER 15, 2023

The two differ in terms of regulatory compliance and maintaining cash flow. Regarding compliance, various industries and organizations are subject to specific rules and regulations governing how funds are distributed and repaid. only reimbursements are subject to VAT treatment and tax regulatory compliance.

Regulatory Compliance 52

Regulatory Compliance Compliance Correspondent Government 52

Fintech Finance

JUNE 3, 2024

We’re extending our platform to address this problem, meeting the needs of global marketplaces so they can build more flexible, dynamic, and efficient payment ecosystems whilst maintaining collaborative relationships with their sellers around the world, ” said Ramana Satyavarapu, Chief Technology Officer at Nium.

Cross-Border 52

Cross-Border Cross-Border Payments Multi-Currency Payment Service Provider (PSP) 52

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 87

Risk Management AI Risk Use Case 87

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. In this pursuit, businesses like SEON can help companies to bolster their defences against sophisticated fraud schemes.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Stax

FEBRUARY 5, 2024

Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Regulatory Compliance.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

Cryptocurrency 139

Cryptocurrency Stablecoins Regulatory Compliance Money Laundering 139

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Neopay

MARCH 4, 2024

How Neopay can help By partnering with Neopay, firms can access comprehensive compliance solutions tailored to their specific needs, helping them navigate regulatory requirements, mitigate risks, and uphold the highest standards of integrity and professionalism.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. The partnership addresses key needs as more commerce moves online and fraudsters find new and sophisticated ways to exploit legacy identity verification and fraud prevention approaches.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

The Fintech Times

SEPTEMBER 4, 2024

Tons of fraud and scams have come about due to these technologies, of which compliance teams need to prepare and be aware of to protect the integrity of the company. The biggest issue, though, is that new scams crop up faster than older ones are addressed. ” The post What are the Biggest Challenges Facing Compliance Teams?

Compliance 64

Compliance Rules Regulations Cybersecurity 64

M2P Fintech

JANUARY 3, 2024

Addressing these concerns requires investment in the right technology and resources. Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

Neopay

FEBRUARY 29, 2024

However, it’s crucial for firms to sustain momentum and ensure not only the execution but also the documentation of compliance activities to uphold consumer interests. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59