The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Under these rules, payment firms will need to appoint independent, qualified auditors to review and verify their compliance with safeguarding requirements.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FICO

MAY 18, 2020

Organisations are having to assess how much impaired debt they can afford to hold and how they manage out that which they need to release, since a substantial proportion of the held impairment will be on paying accounts. . Macro and micro economic data. Industry sector data. Regulator Help and Expectations.

Regulations 52

Regulations Credit Risk Push-to-Card Risk 52

Nanonets

FEBRUARY 28, 2024

This process not only supports informed decision-making but also enhances operational efficiency, regulatory compliance, and overall business performance. It fortifies data management frameworks, catalyzes informed decision-making, ensures regulatory compliance, and drives operational efficiencies.

Reconciliation 52

Reconciliation Process Audit Compliance 52

Segpay

MARCH 20, 2024

Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry. Regulatory Compliance Challenges Deploying generative AI in banking is subject to a complex regulatory landscape governed by stringent data protection, consumer privacy, and financial regulations.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

Resources will be able to more rapidly assess changes and provide impact analysis on regulatory or, more importantly, innovate changes. Companies should adopt zero-trust security models, continuous risk assessments, and real-time threat intelligence to ensure theyre staying one step ahead in this degree.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88

The Payments Association

JANUARY 27, 2025

The FCA has issued guidance setting out a non-exhaustive list of factors that a firm should consider in assessing whether a service is an important business service for these purposes. In May 2024, the FCA published its insights and observations on the preparation firms had made towards compliance with the new requirements.

Rules 88

Rules Assessments Procedures Compliance 88

EBizCharge

MARCH 21, 2025

Accountants are needed for strategic decision-making and assessing potential risks. Therefore, accounting will continue to require a human touch where personal judgement is involved. Automated auditing also streamlines the review process, making regulatory compliance easier and reducing the administrative burden of audits.

AI 52

AI Accounts Fraud Detection Audit 52