VISTA InfoSec

FEBRUARY 25, 2024

Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections. Vet Third Parties Review details like security practices, past breaches, employee screening, and compliance levels before partnering with outside vendors who may get access to internal systems/data.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

FloQast

MARCH 27, 2024

Reconciliations Then vs. Now If you haven’t had a chance to take a look at last week’s post, I’ll do you a solid. This allows teams to capture best practices to ensure consistency and change processes as their organization scales. Audit Readiness Remember this? Who doesn’t love a smooth audit!? Let’s take a look.

Reconciliation 89

Reconciliation Audit Accounts Best Practices 89

VISTA InfoSec

JUNE 26, 2024

These incidents often lead to increased operational costs as companies must invest heavily in repairing their systems and implementing stronger security measures post-breach. This preparedness includes implementing advanced security technologies, conducting regular security audits, and training employees on cybersecurity best practices.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. Those processes we employ are also best practices for merchants to apply to their business partners.

Best Practices 105

Best Practices Push-to-Card Processors Due Diligence 105

Neopay

OCTOBER 3, 2024

Companies must regularly audit and stress-test their systems to ensure they function as intended, particularly as regulatory requirements change. Comprehensive audits and reviews : Our team conducts regular audits of your financial crime prevention systems, including AML, sanctions screening, and customer due diligence processes.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

PYMNTS

JANUARY 26, 2021

Clearly, things have changed a lot in terms of workplace rules and best practices since the early lockdown days last March, and the task of keeping up with it all — especially for large companies with multiple dispersed locations to manage — can be quite formidable. They're looking to figure out when, and how they can safely do so.”.

Posting 116

Posting Automation Best Practices Compliance 116

Fintech Finance

JUNE 13, 2024

This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. ” The post EBANX Obtains ISO/IEC 27701:2019 Certification and Reinforces Its Commitment to Data Privacy appeared first on Fintech Finance.

ISOs 80

ISOs Privacy Best Practices Compliance 80

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. 💡 Best practices:  1.

AI 52

AI Process Best Practices Reconciliation 52

Fintech News

JANUARY 25, 2024

The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing. It includes a user-friendly platform and AI-powered features to improve customer service and agent investigations, as well as adapting to changes in dispute rules and industry best practices.

AI 108

AI Disputes Risk Management Risk Assessment 108

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. This can impact the company’s stock price and ability to secure financing and increase external audit costs. Regular internal audits. Collaboration with audit firms and external auditors.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Neopay

AUGUST 5, 2024

Detailed records of all safeguarding training should be maintained for audit purposes. It also ensures that staff are prepared for audits, demonstrating the firm’s commitment to safeguarding. The FCA expects firms to stay up-to-date with best practices and evolving regulatory expectations.

Compliance 52

Compliance Procedures Audit Risk Management 52

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. Plus, it captures audit evidence at the source, eliminating duplicate audit activities and complexity.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

EBizCharge

AUGUST 5, 2024

This article will explain what billbacks are, how they work, and best practices for managing them. These challenges make staying informed on best practices for managing billbacks imperative. It’s also beneficial to regularly audit the billback invoices to identify any discrepancies or inefficiencies.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6

Compliance 52

Compliance Audit Automation Risk Assessment 52

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act addressed several themes, including increasing oversight of the accounting profession with the Public Company Accounting Oversight Board (PCAOB), establishing new standards to preserve auditor independence, reconfiguring audit committees, and requiring enhanced financial statement disclosures.

Audit 52

Audit Compliance Assessments Procedures 52

Fi911

MAY 7, 2024

Best practices for merchants include addressing concerns from processors or acquiring banks promptly, strengthening their data security measures, devising strategies for chargeback prevention, and managing chargeback risk effectively. The post What is the Terminated Merchant File? appeared first on fi911blog.

PCI DSS 84

PCI DSS Processors Compromise Identity Theft 84

Neopay

JULY 29, 2024

From comprehensive compliance audits and workshops to specialised training sessions, we ensure your reports cover all essential components, reflect best practices, and align with the FCA’s expectations. The post Navigating Consumer Duty board reports: key issues and practical tips appeared first on Neopay.

Consumer 52

Consumer Assessments Compliance Best Practices 52

Neopay

FEBRUARY 29, 2024

We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence. We help you establish effective review processes, implement best practices, and ensure your firm delivers value to customers while remaining compliant.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

Neopay

JULY 4, 2024

From comprehensive compliance audits and workshops to specialised training sessions, we ensure your reports cover all essential components, reflect best practices, and align with the FCA’s expectations. The post Reminder: Consumer Duty board reports due 31 July 2024 appeared first on Neopay.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

Core

MARCH 19, 2024

Manual payment processing typically lacks sufficient controls when it comes to documentation or audit trails, making it challenging to detect fraudulent transactions. The post Strengthening Payment Security: Government Fraud Detection for Compliance Managers and Auditors appeared first on Core Business Technologies.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

FloQast

JANUARY 8, 2024

State-Specific CPE Requirements Below are the CPE requirements by state per NASBA : Alabama Credit requirements: minimum of 40 hours of CPE annually Other requirements: At least 8 hours must be in Accounting and Auditing Completion of at least 2 hours of Ethics More information: Alabama State Board of Public Accountancy Alaska Credit requirements: (..)

Audit 52

Audit Accounts Regulations Accreditation 52

FICO

NOVEMBER 21, 2022

Our predictive analytic solutions empower clients to audit and utilize their data from across the enterprise to make real-time decisions for optimal risk and compliance protection and control. See all Posts. Related posts. Darryl Knopp. chevron_left Blog Home. expand_less Back To Top.

Risk Management 52

Risk Management Compliance Audit Risk 52

Nanonets

AUGUST 6, 2024

In this ultimate guide, we'll explore what a data annotation tool is, exploring its key features, benefits, and best practices. Data annotation platforms will need to provide detailed audit trails, version control, and data lineage capabilities to ensure the traceability and reproducibility of annotated datasets.

Best Practices 52

Best Practices AI Automation Process 52

Neopay

JULY 2, 2024

We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence. We help you establish effective review processes, implement best practices, and ensure your firm delivers value to customers while remaining compliant.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

EBizCharge

JULY 12, 2024

Enforcing explicit procedures for approval and reimbursement creates a standard for audits. Clear documentation rules support transparency and ease auditing, reinforcing the company’s commitment to financial accountability. Additionally, it simplifies the expense reporting process, aiding in seamless bookkeeping and budgeting.

Compliance 52

Compliance Best Practices Procedures Process 52

Fi911

JULY 8, 2024

Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy. Additionally, businesses should conduct continuous monitoring of transactions and audits to detect potential fraud early. The post What is eCommerce Fraud? appeared first on fi911blog.

Account Takeovers 87

Account Takeovers Fraud Detection Phishing Fraud Prevention 87

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. Regular Audits and Reconciliation: Routine audits and reconciliations can detect discrepancies to ensure financial records align with actual transactions.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

Exact Payments

JANUARY 4, 2024

In this post, we’ll summarize the twelve overarching PCI DSS requirements while emphasizing the importance of complying with these standards. Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

The Fintech Times

MAY 15, 2024

This approach helps not only in avoiding legal pitfalls but also in maintaining consumer trust by upholding ethical AI practices and ensuring data integrity. ” The post UK Government Unveils New AI Cybersecurity Measures as ICO Details Importance of Data Protection appeared first on The Fintech Times.

Cybersecurity 72

Cybersecurity AI Governance Government 72

Nanonets

OCTOBER 1, 2024

That’s what we’ll explore in this post. We'll walk you through the invoice validation process, explore common challenges faced by AP teams, and provide practical strategies to streamline your workflow. The invoice is then filed for future reference or audits, completing the validation process.

Best Practices 52

Best Practices Automation Multi-Currency Process 52

EBizCharge

JUNE 6, 2024

Now that you know how to get started with processing payments in Microsoft Dynamics 365, you should familiarize yourself with some best practices to ensure your system is running smoothly. Best practices for payment processing in Dynamics 365 Having the right best practices in place for payment processing is crucial.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

Fi911

NOVEMBER 7, 2023

These may align with industry best practices or other regulatory frameworks. The post Understanding AML Compliance in the Banking Sector appeared first on fi911blog. In addition to these federal directives, banks and financial institutions often institute their own internal compliance guidelines.

AML 52

AML Compliance Money Laundering OFAC 52

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Due Diligence Procedures 59

Center for Payments

SEPTEMBER 1, 2023

National Preparedness Month serves as an opportunity to reinforce cybersecurity practices, such as implementing strong authentication protocols, regularly updating software and systems, and conducting security audits. This collaboration encourages the sharing of best practices, emerging threats, and mitigation strategies.

Payment Security 40

Payment Security Security Cybersecurity Identity Theft 40

Nanonets

NOVEMBER 15, 2023

Capture information and digitize documents You might receive purchase orders, receipts, and invoices from various channels — email, Dropbox, Google Drive, post, or even fax. Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

JULY 13, 2023

In this blog post, we will delve into the world of duplicate receipt detection with OCR software, exploring its benefits and best practices. Audit and Record-Keeping Duplicate receipts can create challenges during internal audits or financial reviews. What are Duplicate Receipts?

Duplicate 52

Duplicate Audit Process Rules 52