The Fintech Times

DECEMBER 19, 2023

Cryptocurrency exchange and infrastructure provider Binance has completed a comprehensive compliance audit, as part of its commitment to improving security standards within the crypto industry. The audit affirms that an organisation has well-designed controls, has implemented them effectively, and operates them efficiently.

Audit 49

Audit Compliance ISOs Privacy 49

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

VISTA InfoSec

OCTOBER 21, 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 130

Cybersecurity Compliance Encryption Best Practices 130

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 105

Compliance Addressing Audit Risk 105

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 238

Cybersecurity Compliance Encryption Best Practices 238

Segpay

OCTOBER 23, 2024

In this insightful article with XBIZ, Cathy Beardsley, CEO of Segpay, delves into the critical issue of adult industry compliance. Payment processors and banks are now enforcing stricter rules to maintain their own compliance, which directly impacts adult businesses.

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Compliance Non-Bank Legal Processors 78

Fintech Finance

OCTOBER 14, 2024

Orbital , a group of regulated entities acting as leading payments solutions providers, proudly announces it has achieved SOC 2 Type 2 compliance. Orbital’s compliance was verified through a rigorous audit conducted by A-LIGN , a globally respected Certified Public Accountant (CPA) firm.

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Compliance ISOs Procedures Audit 95

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.

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Compliance Automation Accounts Audit 98

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 120

Compliance Law Enforcement Money Laundering Agreements 120

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?

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Risk Assessment Audit Assessments Risk 52

FloQast

FEBRUARY 7, 2024

For publicly-held Veracyte , based in San Francisco, maintaining compliance with SEC and SOX reporting standards while managing audit controls posed a significant challenge. Enter FloQast Close and Compliance Management , a solution that revolutionized Veracyte’s approach to compliance.

Compliance 105

Compliance Audit Facilitators Reconciliation 105

FloQast

JUNE 12, 2024

Curis , a biopharmaceutical innovator based in Lexington, Massachusetts, faced challenges with their traditional, paper-heavy month-end Close process and compliance program. These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. That saved us $110,000 in outside audit fees.”

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Compliance Close Processes Audit Automation 105

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?

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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.

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Audit Compliance Automation Verification 52

The Fintech Times

SEPTEMBER 13, 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. So far this month, The Fintech Times has focused on compliance.

Compliance 71

Compliance FinTech Reconciliation Audit 71

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

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

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

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 102

Compliance Risk Risk Management On-Demand 102

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

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

MAY 13, 2024

In ever-changing risk and regulatory landscapes, companies must ensure that their internal compliance processes evolve at the same pace, and that they are always capable of addressing emerging threats effectively.

Compliance 52

Compliance Audit Automation Accounts 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 105

Compliance Reconciliation Close Processes Automation 105

FloQast

FEBRUARY 21, 2024

Bipartisan approval of the Sarbanes-Oxley (“SOX”) Act in 2002 changed the compliance landscape, offering business operation integrity and financial transparency of publicly traded companies. Companies must be prepared for an integrated audit as they grow and expand. Non-compliance costs can be $4M or more.

Compliance 52

Compliance Audit Risk Accounts 52

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.

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PCI DSS Compliance Data Breach Breach 130

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

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

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

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.

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Audit AI Governance Government 116

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

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

FloQast

DECEMBER 13, 2023

In this comprehensive guide, we cover all you’ll need to know about SOX compliance. SOX compliance is structured to be two-pronged and encompasses guidelines regarding corporate responsibility for financial reports and adequate internal financial controls.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Stax

JANUARY 15, 2024

Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. for transactions also requires this compliance.

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Credit Cards PCI DSS Compliance Process 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.

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Credit Cards PCI DSS Compliance Process 88

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 106

Compliance Money Laundering Cross-Border Legal 106

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

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.,

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Audit Compliance Security PayPal 61