Neopay

DECEMBER 6, 2023

The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. In this guide, we discuss the dynamics of skilled person reviews, providing insights into effectively navigating this intricate regulatory landscape.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

The Paypers

AUGUST 19, 2021

Professional services network PwC and UK-based regtech company CUBE have teamed up to launch a KYC utility for regulatory compliance.

Assessments 44

Assessments Regulatory Compliance Regulations Compliance 44

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” More than ever, verification throughout the customer lifecycle is necessary not only for fraud management and regulatory compliance, but also to stop legitimate customers from participating in fraud — whether intentional or not. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37.

Assessments 52

Assessments Scams Authentication Authorization 52

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Data Protection : Safeguards sensitive data, preventing legal and financial issues.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 67

Checks Risk Assessment Security Payment APIs and Integration 67

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

Paystand

MARCH 12, 2024

It offers a clear shot of its financial health, compiling statements to assess stability and growth. Your ability to ensure accuracy is crucial for regulatory compliance and building trust among investors, creditors, and other stakeholders. As a CFO, your role in financial reporting is pivotal.

Best Practices 52

Best Practices Finance Regulatory Compliance Cost Structure 52

The Fintech Times

JULY 31, 2024

” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment. “One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. .”

Risk 57

Risk AI Risk Assessment Assessments 57

Fintech News

APRIL 16, 2024

The report notes that several institutions have already started exploring the use of gen AI in risk management, citing regulatory compliance, financial crime, credit risk, modeling and data analytics, cyber risk and climate risk as emerging use cases.

Risk Management 100

Risk Management AI Risk Use Case 100

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. In today’s regulatory environment, compliance is not just about ticking boxes; it’s about ensuring your business operates within the law and meets all necessary standards.

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. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FloQast

MAY 9, 2024

They not only uphold regulatory standards but also inform strategic decisions and protect stakeholders’ interests. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 104

Compliance Audit Risk Assessment Assessments 104

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

Fintech Review

JUNE 18, 2024

Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Assess operational risk regularly. Maintain comprehensive records. Review fund operations to identify potential weaknesses, inefficiencies, or areas for growth.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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 98

Compliance AML Money Laundering Regulatory Compliance 98

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting requires a thorough assessment of a business’s potential financial risks to ensure safe and secure transactions. Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

The Fintech Times

MARCH 25, 2024

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 113

Finance Regulatory Compliance Compliance On-Demand 113

Neopay

FEBRUARY 29, 2024

The focus was on assessing how additional engagement had impacted firms’ readiness for compliance. Enhanced compliance activities : Firms demonstrated increased engagement in key elements of the Duty, such as identifying target markets and appointing oversight personnel.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

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

The Fintech Times

JUNE 19, 2024

Fenergo explained it plans to help First Abu Dhabi Bank to deliver end-to-end digital client onboarding and risk assessment for sanctions, AML and KYC. The bank plans to roll out the platform to support corporate and institutional clients in the near future.

AML 57

AML Compliance Money Laundering Regulatory Compliance 57

Fintech Finance

JULY 24, 2024

Security : Implementing new solutions to support staying ahead of evolving threats.

Risk 96

Risk Privacy Compliance Regulatory Compliance 96

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks. Furthermore, financial crime controls have failed to keep pace with the rapid growth of these businesses.

AML 52

AML Financial Crimes Crime Risk Assessment 52

The Fintech Times

SEPTEMBER 14, 2024

She explains while AI can streamline compliance processes and save compliance teams time to spend elsewhere, firms need to be careful about how they implement it. AI has already transformed compliance processes in the fintech industry by making them faster, more accurate and more efficient.

Compliance 67

Compliance AI Process Suspicious Activity Report (SAR) 67

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. Misra : The traditional methods of regulatory compliance work for traditional regulations.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. And finally, remember your risk assessment is fundamental. Thanks for taking time out to talk to us.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

The Payments Association

OCTOBER 3, 2024

Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently. Implementing advanced data management solutions enables seamless data integration and real-time analytics and ensures regulatory compliance.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

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. This is a first-class result of our project.”combined

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

VISTA InfoSec

FEBRUARY 13, 2024

Vulnerability assessments involve scanning systems for known weaknesses, while penetration testing (or pen testing) takes a more aggressive approach by simulating cyberattacks to evaluate the effectiveness of current security measures. They provide a structured approach to evaluate and enhance the effectiveness of cybersecurity measures.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Review

JANUARY 24, 2024

One might argue that the rigorous processes banks employ in assessing loan applications reflect a diligent risk management approach. Innovative strategies like peer-to-peer platforms and AI for risk assessment are revolutionizing the market, offering tailored loans and faster approvals, thereby boosting customer satisfaction.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

The Fintech Times

OCTOBER 12, 2024

Your winners are… Gaialens : A Greenwashing Analytics Solution enabling investors to assess the greenwashing risk of funds and companies. ESG 360 : An AI-Driven Platform using existing ESG Reports to produce a gap analysis for regulatory compliance that provides full audit capability.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

Neopay

MAY 8, 2024

Why high-quality financial information matters Submitting complete and accurate financial information demonstrates your firm’s readiness, organisation, and commitment to regulatory compliance. It enables the FCA to assess your application faster and identify any potential issues early on.

Regulatory Compliance 52

Regulatory Compliance Financial Analysis Compliance Best Practices 52

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

Nanonets

MARCH 27, 2023

Credit Checks: Credit checks are an essential part of the mortgage application process as they help to assess the borrower's creditworthiness. Underwriting : Underwriting is the process of assessing the borrower's creditworthiness, evaluating the risks and ensuring that the loan meets the lender's criteria.

Automation 52

Automation Regulatory Compliance Underwriting Origination 52

Fintech Finance

AUGUST 2, 2024

By evaluating daily transactional data, it assigns personalized scores and ranks clients based on their behavior, helping financial institutions prioritize risks and identify emerging trends, thereby enhancing the accuracy of risk assessment.

Instant Payments 82

Instant Payments Transactions Payment APIs and Integration Compliance 82

Neopay

AUGUST 5, 2024

Furthermore, procedures for reporting safeguarding issues and understanding the legal and regulatory implications of non-compliance should be part of the training. They should be equipped to challenge and assess new data, policies, or frameworks for compliance.

Compliance 52

Compliance Procedures Audit Risk Management 52

VISTA InfoSec

JUNE 3, 2024

Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations. These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security.

MFA 130

MFA Credential PCI DSS Compliance 130

Clearly Payments

FEBRUARY 23, 2024

They serve as the foundation for assessing the overall health and performance of a payments business. This metric is crucial for assessing the reliability and efficiency of the payment processing system. Ensuring robust security measures protect sensitive payment data and maintain regulatory compliance.

Processors 85

Processors PCI DSS Payments Assessments 85