Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Fintech News

JULY 24, 2024

Finally, the Evaluation stage ensures continuous assessment and improvement. By automating routine tasks and leveraging AI for complex decision-making, banks can significantly reduce the risk of human error while improving overall operational efficiency.

Finance 115

Finance Risk Mitigation Automation AI 115

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. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FloQast

DECEMBER 13, 2023

It also mandates internal control assessments to ensure companies have the necessary checks and balances in place. Inspection of Registered Public Accounting Firms : The PCAOB regularly inspects the registered firms to assess compliance with the SOX Act, PCAOB rules, professional standards, and federal securities laws.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52