Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Payments Association

OCTOBER 11, 2024

These audits will assess whether the firm’s systems and controls are adequate to prevent safeguarding failures, which is essential for reducing risks to consumer funds and building trust within the payment sector. Firms should follow best practices, such as enhanced due diligence, to mitigate risks associated with third-party providers.”

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FloQast

OCTOBER 21, 2024

For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business. A proactive approach will ensure your business continues to benefit from everything your software offers. What are the pain points for you and your team?

Reconciliation 52

Reconciliation Automation Process Best Practices 52

EBizCharge

JUNE 4, 2024

Known for its adaptability, the platform allows businesses to tailor their functionalities to their specific industry needs and to scale up as they grow. Because it’s cloud-based, Acumatica provides real-time access to business data from any location, facilitating remote work and business continuity.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

FICO

NOVEMBER 30, 2022

This can be done through a combination of macroeconomic factors and transactional data serving as early warning indicators and delivering input into business continuity planning and credit risk strategies. Further complicating a fair assessment was government sponsored stimulus packages, which veiled factual customer affordability.

Risk 52

Risk Credit Cards Online and Mobile Banking Regs 52

FICO

MARCH 25, 2020

For example, BaFIN (the Federal Financial Supervisory Authority in Germany) is offering some freedom in their assessment of capital requirements. Business Continuity Planning. With government guidance across the world focussed on home working and ‘social distancing,’ working practices are already changing. We can help.

Risk 40

Risk Best Practices Data Security Governance 40

Nanonets

SEPTEMBER 29, 2023

Streamlining vendor payments is thus an important part of any business’ financial operations. This article will cover how vendor payments can be optimized, offering insights into the benefits and best practices, which can transform your organization's financial workflows.

Payments 52

Payments Reconciliation Automation ACH 52

Nanonets

FEBRUARY 28, 2024

General Data Quality Assessments : Regular checks across an organization's systems ensure ongoing data accuracy and consistency. Embracing best practices in data reconciliation not only enhances operational efficiency but also fortifies compliance, supports strategic decision-making, and ultimately drives business success.

Reconciliation 52

Reconciliation Process Audit Compliance 52

Nanonets

SEPTEMBER 21, 2023

When considering different ERP software options, it's essential to assess the scalability of the solution. Your business may experience growth in the future, so the ERP system should be able to accommodate increasing data volume and user load. Another crucial factor to consider is ease of use.

Small Business 40

Small Business Automation Risk Process 40