VISTA InfoSec

JULY 17, 2024

The significance of multilingual cybersecurity compliance Making sure cybersecurity talks to everyone in their language is more than smart; it’s a must. Here are two aspects where multilingual cybersecurity compliance helps the most: 1. Outline regular audit processes to check compliance with these policies.

Cybersecurity 186

Cybersecurity Compliance Encryption Best Practices 186

FloQast

APRIL 30, 2024

Today, perhaps more than ever before, compliance programs stand as crucial pillars for organizations, offering a roadmap to navigate through an ever-evolving landscape of regulations and risks. One common pitfall is the reliance on manual processes or fragmented technology solutions for managing compliance efforts.

Compliance 96

Compliance Addressing Audit Risk 96

FloQast

SEPTEMBER 4, 2024

In the fast-paced world of healthcare, operational efficiency and robust compliance are non-negotiable. But the real game-changer came when Vice President, Corporate Controller, Kelly Vargas , discovered FloQast’s new compliance module, Compliance Management.

Compliance 92

Compliance Automation Accounts Audit 92

Fintech News

AUGUST 21, 2024

Binance Holdings is set to expand its workforce by 1,000 employees in 2024, with a key emphasis on bolstering compliance teams, according to Bloomberg. The company plans to increase its compliance staff from 500 to 700 as part of this growth. To ensure compliance, U.S.-appointed plea agreement.

Compliance 127

Compliance Law Enforcement Money Laundering Agreements 127

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

FloQast

SEPTEMBER 18, 2024

As businesses strive for agility and resilience, the role of compliance has transcended its traditional boundaries, becoming a strategic force that can drive organizational success. The Strategic Shift: From Compliance to Risk Orchestration FloQast’s survey uncovered a pretty notable opportunity in the compliance landscape.

Compliance 82

Compliance Risk Risk Management On-Demand 82

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

JANUARY 1, 2024

In this blog, we'll delve into what invoice audits entail and why they are crucial for the financial integrity of businesses. What is an Accounts Payable Audit?    An Account Payable Audit is a process by which the financial records of the accounts payable department are examined by an auditor.

Audit 52

Audit Compliance Automation Verification 52

Nanonets

JUNE 19, 2023

Accounts payable audits play a crucial role in the financial health of businesses. They ensure compliance in financial reporting and can cut discrepancies and inefficiencies. This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process.

Audit 52

Audit Accounts Procedures Compliance 52

VISTA InfoSec

SEPTEMBER 14, 2023

In this article, I will discuss the requirements for GDPR compliance in the U.S., Requirements for US Businesses to Ensure GDPR Compliance If your U.S. Conducting a Privacy Audit to Assess Data Processing When it comes to GDPR compliance, performing a privacy audit is a crucial first step (Article 47 and 58 of GDPR).

Compliance 130

Compliance Privacy Processors Legal 130

Innovative Payments Association

AUGUST 29, 2024

However, one major challenge that cannabis businesses face is banking compliance. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program. These should outline the company's compliance obligations, reporting requirements, and internal controls.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Risk Assessment Bots 52

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. They should be equipped to challenge and assess new data, policies, or frameworks for compliance.

Compliance 52

Compliance Procedures Audit Risk Management 52

FloQast

FEBRUARY 14, 2024

Brands jumped at the opportunity to try out FloQast Compliance Management. Let’s take a look at how FloQast helped the Director of SOX Compliance and Head of Internal Audit at a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. With its Close operating smoothly, a.k.a

Compliance 93

Compliance Reconciliation Close Processes Automation 93

The Paypers

OCTOBER 14, 2024

Orbital has achieved SOC 2 Type 2 compliance, a process which was verified through a rigorous audit by the CPA firm A-LIGN.

Compliance 36

Compliance Audit Process 36

VISTA InfoSec

JULY 5, 2023

In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. The Payment Card Industry Data Security Standard (PCI DSS) is a vital compliance scheme that aims to protect credit and debit card transactions against fraud and data theft.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

FloQast

MARCH 21, 2024

While compliance is non-negotiable for public companies, SOX compliance costs can be substantial. However, cutting costs in Sarbanes-Oxley Act compliance doesn’t have to mean cutting corners. The shortages drive up internal labor costs and external audit costs each fiscal year. However, there is a silver lining.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. This involves reviewing existing plans or assisting in creating a new compliance monitoring plan (CMP).

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Stax

DECEMBER 4, 2023

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. What is PCI Compliance? Why Is PCI Compliance So Important? PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. That’s where Stax comes in.

PCI DSS 88

PCI DSS Credit Cards Compliance Process 88

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

Audit 40

Audit Automation Risk Assessment Assessments 40

FICO

JUNE 21, 2021

In today’s litigious environment , AI-powered business decisions must be more than explainable, ethical and responsible; we need Auditable AI. Why Auditability Matters. Auditable AI makes Responsible AI real by creating an audit trail of a company’s documented development governance standard during the production of the model.

Audit 116

Audit AI Government Governance 116

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. We asked industry experts to find out. Keeping up with this can be a true headache.”

Compliance 64

Compliance Rules Regulations Cybersecurity 64

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

Fintech News

JANUARY 15, 2024

The company has faced scrutiny over its compliance and anti-money laundering controls, with audits in 2020 and 2022 indicating lapses in staff probity checks. The post Airwallex Plans for IPO in 2026, Tackles Compliance and Culture Challenges appeared first on Fintech Singapore. Among its major investors, Tencent holds a 12.5%

Compliance 112

Compliance Money Laundering Cross-Border Legal 112

FloQast

APRIL 8, 2024

Sarbanes-Oxley Act compliance can protect investors by improving internal controls over financial reporting and the accuracy and reliability of corporate disclosures. Identifying deficiencies and material weaknesses in internal controls is an important aspect of SOX compliance. Foster a culture of compliance.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Stax

JULY 16, 2024

This is why PCI DSS compliance is critical. Compliance with PCI Data Security Standard regulations prevents shortcomings and vulnerabilities in payment processing, thereby reducing the risk of fraud, identity theft, and cyberattacks. Apart from monitoring, your business must also track user activity and maintain audit logs.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

CB Insights

NOVEMBER 9, 2021

Laika , a compliance and security audit platform for software companies, has raised $35M in a Series B. New York-based Laika helps businesses obtain audits and security certifications as well as remain compliant with regulations. The round drew participation from Bain Capital Ventures, Canapi Ventures, JPMorgan & Co.,

Audit 61

Audit Compliance Security PayPal 61

The Paypers

SEPTEMBER 1, 2023

Global fintech services company TrueNorth has announced a partnership with RADD LLC , a compliance consulting and internal audit firm.

Regulatory Compliance 74

Regulatory Compliance Compliance Audit Consulting 74

VISTA InfoSec

OCTOBER 26, 2023

Let’s explore the critical differences between SOC and SOX compliance. In the realm of information security and financial reporting, compliance enables organizations to build trust and transparency with stakeholders. Now let’s look at SOC compliance. The SOC framework includes multiple internal control audit reports.

Audit 130

Audit Compliance Laws Governance 130

Innovative Payments Association

JULY 8, 2024

Monitor and Review Compliance Practices: Regularly review and update compliance practices to ensure that they are in line with Regulation E requirements. This may involve conducting internal audits, monitoring consumer complaints, and staying informed about regulatory updates.

CFPB 52

CFPB Reg E Error Resolution Boot Camp 52

VISTA InfoSec

MARCH 28, 2024

Regulatory Compliance Compliance not only helps protect your customers’ data but also shields your business from potential fines and legal challenges. Hence, understanding GDPR compliance and other data protection laws is essential in keeping you abreast of regulatory trends. 5/5 - (1 vote)

Data Breach 249

Data Breach Regulatory Compliance Breach Encryption 249

Finextra

OCTOBER 16, 2024

a leading provider of enterprise data, compliance, integration, and audit solutions, has expanded its Know Your Customer (KYC) technology offerings as part of its FinScan® anti-money laundering (AML) compliance solution. Innovative Systems, Inc.,

Innovation 52

Innovation Money Laundering AML Audit 52

VISTA InfoSec

MAY 24, 2024

In this blog, we’ll explore what PCI DSS compliance is, its benefits, and how small businesses can achieve it. Benefits of PCI DSS compliance for a small business: Enhanced Security reduces the risk of data breaches, fraud, and unauthorized access to sensitive cardholder data. of PCI DSS. of PCI DSS.

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PCI DSS Small Business Assessments Compliance 202

Payments Source

OCTOBER 13, 2020

Compliance startup Shujinko is launching software designed to automate the cloud security compliance process for businesses, saying it makes the security audit far simpler and faster for businesses.

Compliance 65

Compliance Audit Automation Security 65

VISTA InfoSec

OCTOBER 11, 2023

In this process, you’ll come across key terms like PCI SAQ (Self-Assessment Questionnaire), AOC (Attestation of Compliance), and PCI ROC (Report on Compliance). It’s crucial to understand these requirements and the complexities of data storage and transmission for compliance. Let’s focus on the ROC for now.

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PCI DSS Audit Compliance Assessments 130