PYMNTS

JANUARY 24, 2019

That’s the idea behind Dun & Bradstreet’s D&B Compass solution, launched this week to automate third-party risk management for procurement and compliance professionals. However, D&B data identified areas in which technology is not meeting procurement professionals’ compliance needs.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

The Finance Weekly

OCTOBER 15, 2023

CFO Uncertainties Using AI in financial operations comes with certain risks, which include: Data Security and Privacy: , Protect financial data through strong security measures to maintain trust and comply with regulations. Algorithmic Bias: Mitigate biases in AI algorithms to ensure fair decision-making in financial processes.

AI 52

AI Risk Automation Data Security 52

Nanonets

MAY 31, 2023

This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Organizations need to assess the financial feasibility and scalability of AI implementations, evaluating the costs and ensuring the benefits outweigh them.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

JULY 11, 2023

In today's business landscape, organizations face a myriad of challenges related to financial integrity, regulatory compliance, and operational efficiency. Effective purchases controls ensure compliance with regulations, mitigate risks and promote operational efficiency.

Procedures 40

Procedures Audit Mitigation Assessments 40

FICO

FEBRUARY 14, 2017

I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. RBA follows a multi-step approach: After initially assessing any risks (money laundering, tax fraud, etc.), customers are automatically categorized into a risk bucket.

AML 40

AML Compliance AI Money Laundering 40

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “Automated workflows facilitate real-time risk management, ensuring a coordinated response to evolving threats.

Risk 59

Risk Financial Crimes AML Risk Management 59

Nanonets

MARCH 12, 2024

For Internal Stakeholders: Performance Evaluation: Enables leaders to assess financial health and operational efficiency against predefined goals and benchmarks. Standardized Reporting Framework: Offers a consistent method for capturing and validating financial data, crucial for meeting diverse regulatory requirements.

Process 52

Process Finance Reconciliation Compliance 52