Fintech News

APRIL 7, 2024

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This regulatory compliance extends to the new stablecoin, ensuring it meets global standards. added Monica Long, Ripple’s President.

Stablecoins 120

Stablecoins Use Case Blockchain Regulatory Compliance 120

The Finance Weekly

JULY 19, 2022

These cutting-edge tools aid teams in streamlining, automating, and improving the accuracy and efficacy of tactical and strategic initiatives. Ensuring that the company's accounts and finances are audit-ready at closing. Customized and automated workflows. Proactive budgeting with an expert understanding of company finances.

CRM 240

CRM Finance Database Automation 240

FloQast

JANUARY 22, 2024

You can and should: Maximize performance Minimize workload Accounting and finance functions are crucial to your organizational performance and increasing enterprise value is possible by leveraging things like workflow automation, reporting, and audit readiness. Workflow automation can help.

Automation 52

Automation Technology Audit Compliance 52

Fintech Review

JUNE 18, 2024

The gold standard is an all-in-one platform that leverages advanced automation for trade captures and reconciliations, integrates with accounting systems, and communicates seamlessly with current and prospective investors through data rooms and portals. Foster a culture of compliance. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

DECEMBER 13, 2023

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. This automation significantly diminishes reliance on manual data entry, a source of potential errors during transcription and input.

AI 102

AI Process Fraud Detection Compliance 102

CB Insights

JANUARY 4, 2018

Per The State of Automation Report , there are 4.6M A growing wave of AI-infused Expert Automation & Augmentation Software (EAAS, pronounced /?z/) STATE OF AUTOMATION REPORT. Download a deep dive on AI, robotics, and the fear of job displacement from automation. such jobs at risk in the USA due to AI. What is EAAS?

Automation 75

Automation AI Audit Consulting 75

Nanonets

MAY 22, 2023

In this article, we will walk through the necessary steps to set up effective financial controls at a startup and how automation and technology can help. In the process, they help prevent fraud and ensure regulatory compliance. Identifying discrepancies at this stage can help prevent regulatory action and ensure compliance.

Automation 98

Automation Procedures Audit Process 98

Nanonets

APRIL 1, 2024

Failure to maintain this discipline can lead to financial pitfalls, including overdrafts, bounced checks, and inaccuracies in financial reporting and auditing practices. This inconsistency complicates financial record-keeping, potentially leading to audit issues and challenges in reconciling finances.

Reconciliation 52

Reconciliation Checks Automation Process 52

The Fintech Times

FEBRUARY 11, 2024

Napier , the London-based global financial crime compliance regtech, has served up new solutions with advanced analytics and intelligent automation embedded into their configuration. also added.

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

Fintech News

APRIL 28, 2024

Technologies such as cloud computing, AI/ML and automation allow banks to do that, enabling them to better understand customer needs, preferences, and behaviors to offer tailored services and solutions. In today’s digital age, customers are demanding seamless and personalized experiences when interacting with their banks, the report says.

AI 111

AI Innovation Financial Crimes Crime 111

EBizCharge

MAY 14, 2024

Automated billing transforms how businesses handle their finances, offering a seamless and error-free approach to invoicing and payments. With its foundations in digital efficiency, automated billing could be the financial game-changer your company needs. What is automated billing? How does automated billing work?

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

AUGUST 31, 2023

Contact center automation tools can enable your team to swiftly tackle mundane tasks that often consume their time. This is where contact center automation comes into play. By automating repetitive tasks, your team can concentrate more on problem-solving and enhancing customer experience. What is contact center automation?

Automation 52

Automation CRM Compliance Process 52

Stax

FEBRUARY 19, 2025

A prime example is an accounting software company partnering with a tax compliance ISV to offer automated tax calculations, attracting businesses seeking regulatory compliance. API-based integrations allow companies to automate workflows, enhance data accuracy, and improve overall efficiency.

ISVS 88

ISVS Payment APIs and Integration API Best Practices 88

FICO

JUNE 5, 2017

Facilitating engineering, deployment, management and regulatory compliance: While text and the process of analyzing it can be quite complex, the results need to be simple to understand and use. It’s easy to manage, including tracking performance, automating updates and measuring the impact of change.

XML 108

XML Origination Regulatory Compliance CRM 108

The Fintech Times

JANUARY 25, 2024

The majority of banking institutions feel they are not well enough equipped to accommodate any further regulatory change from an internal processes perspective; according to AutoRek , a fintech looking to set new standards in financial data automation.

Process 64

Process Audit Regulatory Compliance Consulting 64

PYMNTS

NOVEMBER 29, 2018

The use of smart contracts and tokens can automate processes and provide greater visibility when funds are moving between these parties to support processes like collections, payments and investment tracking.

Cryptocurrency 54

Cryptocurrency Audit Blockchain B2B 54

FICO

MAY 24, 2021

The report’s findings point to an urgent need to elevate the the importance of AI governance and Responsible AI to the boardroom level ; organizations are increasingly leveraging AI to automate key processes that, in some cases, are making life-altering decisions for their customers.

AI 98

AI Regulatory Compliance Governance Government 98

The Fintech Times

SEPTEMBER 13, 2024

.” Data security platforms Iwona Rajca , solution engineer EMEA at Protegrity “Regtech offers the opportunity to lower cost and risk at the same time by outsourcing to specialists and benefiting from best-in-class compliance,” explains Iwona Rajca , solution engineer EMEA at data protection firm Protegrity.

Compliance 72

Compliance FinTech Reconciliation Audit 72

PYMNTS

JANUARY 17, 2018

Over the past few years, demand has increased for system integrators, ERP (enterprise resource planning) resellers, procure-to-pay implementers, business process outsourcing companies and banks to work together as their clients strive to enable complex capabilities like cross-border payments and invoice automation.

Automation 40

Automation Cross-Border Cross-Border Payments Audit 40

Nanonets

FEBRUARY 26, 2024

Today, you can automate these processes using accounts payable automation solutions and optimise accounts payable for your finance teams. Our blog cuts through the complexity of AP processes, presenting a clear pathway to automation in 7 steps. What is Accounts Payable Automation? What is Accounts Payable Automation?

Automation 52

Automation Accounts Payment APIs and Integration Process 52

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software, also known as accounts reconciliation software, is a specialized tool designed to streamline and automate the process of reconciling balance sheet accounts within an organization's financial system.   Why Do We Need Balance Sheet Reconciliation Software?

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Fintech Review

FEBRUARY 11, 2025

AIs Strengths in Fintech AI revolutionises financial services by automating complex tasks. Regulatory compliance also poses challenges. AI can assist by automating repetitive tasks, allowing humans to focus on higher-level decision-making. They should conduct regular audits to detect bias and ensure compliance.

AI 66

AI FinTech Risk Assessment Assessments 66

Nanonets

AUGUST 14, 2023

The rapid evolution of artificial intelligence (AI) and machine learning (ML) is pushing the boundaries of what's possible in business automation. From automating data extraction to identifying invoice discrepancies, AI-based invoice processing is making operations smoother, faster, and more reliable. Enter AI invoice processing.

AI 52

AI Process Automation Interoperability 52

Nanonets

JUNE 15, 2023

The advantages of efficient document workflows are numerous: Improved Productivity : Automating repetitive tasks allows employees to focus on more critical, strategic tasks. Increased Accuracy : Automated processes reduce human error, ensuring the accuracy of documents. decided to automate its accounts payable process.

Automation 40

Automation Payment APIs and Integration Audit Process 40

Nanonets

JANUARY 16, 2024

Spoiler alert: They probably have, and it's called workflow automation software. Workflow automation is like having a personal assistant who never sleeps, never forgets, and never makes a mistake.    This guide will delve into the top 5 workflow automation software, explore their features and their pricing strategies.

Automation 52

Automation Payment APIs and Integration Process CRM 52

PYMNTS

FEBRUARY 7, 2019

The burden of regulatory compliance came to a head in the U.S. Randy Fields, chairman and CEO of ReposiTrak parent company Park City Group , said this legislation exemplifies the difficulties of supply chain compliance in the food sector, and demonstrates the limitations of technology in automating compliance and due diligence.

Compliance 65

Compliance Due Diligence Audit Blockchain 65

CB Insights

NOVEMBER 2, 2017

Companies in this space help customers meet compliance standards, ensure risk management protocols are in place, and put in place controls that actively mitigate risk. In the years following the financial crisis, the quickest solution was to increase headcount in audit, risk, and compliance, the critical control functions at a firm.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

FICO

MARCH 6, 2020

As a one-stop supplier for anti-financial crime, we cover all compliance-related requirements in a truly integrated solution that breaks down financial crime risk management silos. We help customers speed up time to compliance by 50%, with lower implementation and maintenance costs and fewer IT and project resources.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FloQast

MAY 13, 2024

9 Evolving Trends in Accounting The accounting industry is changing rapidly, influenced by technology like automation and artificial intelligence (AI), new regulatory demands, and evolving client and employee expectations. economy could be automated. economy could be automated.

Accounts 52

Accounts Technology Cybersecurity Audit 52

M2P Fintech

JANUARY 28, 2025

The platform ensures seamless operations, 100% regulatory compliance, and reduced errors, helping lenders accelerate product launches, enhance operational efficiency, and scale with ease. Integrated Reports Repository : Automates financial reporting and enables co-lending for risk-sharing and improved credit access.

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

Nanonets

JUNE 23, 2023

This documentation serves as an audit trail and provides a reference for future reconciliations or audits. Regulatory Compliance Balance sheet reconciliation is a crucial element of regulatory compliance. Documenting the process ensures transparency and provides a reference for future audits or inquiries.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

FICO

MARCH 24, 2021

Evolution of traditional trade finance models from paper and process-intensive models to a data-driven, automated decisioning mode. Designation of qualified compliance officer along with a compliance oversight committee (or governance committee). Conducting internal monitoring and auditing. Other Risk Considerations.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

PYMNTS

AUGUST 18, 2017

Israch said that tasks as far ranging as supplier management, invoice processing and regulatory compliance can be managed through Tiaplti’s AP Hub. CMO Rob Israch describes the AP Hub as a central place where every aspect of payments is brought into one central cloud-based location. and overseas.”.

Cross-Border Payments 46

Cross-Border Payments Cross-Border Multi-Currency Regulatory Compliance 46

Fi911

NOVEMBER 7, 2023

Furthermore, as money laundering techniques evolve with technological advancements, modern AML compliance increasingly leans on automation. Decoding AML Compliance for Financial Institutions At its core, AML compliance embodies strict adherence to laws designed to curb money laundering.

AML 52

AML Compliance Money Laundering OFAC 52

Nanonets

APRIL 3, 2024

Compliance and Audit Readiness: Vendor reconciliation plays a crucial role in ensuring compliance with regulatory requirements and audit standards. Internal controls, such as using automation tools and segregating responsibilities, should be implemented to prevent errors and fraud in the accounts payable process.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation 52

Reconciliation Automation Adjustments Regulatory Compliance 52