The Fintech Times

NOVEMBER 26, 2024

With over 240 million customers across the globe, global blockchain ecosystem and cryptocurrency exchange, Binance is seeking top compliance and investigation talent to ensure it can keep pace with the industry and company’s rapid maturation and growth. “We Currently, the firm employs over 1,000 compliance staff and contractors.

Compliance 63

Compliance Financial Crimes Crime Money Laundering 63

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

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 100

Compliance Addressing Audit Risk 100

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. Think about the various regulations around the world. Then, check everything again.

Cybersecurity 130

Cybersecurity Compliance Encryption Best Practices 130

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.

Compliance 71

Compliance ISOs Procedures Audit 71

VISTA InfoSec

SEPTEMBER 14, 2023

If your business engages with these customers, it is subject to the EU’s General Data Protection Regulation (GDPR). This extensive data privacy regulation has an impact on many U.S. In this article, I will discuss the requirements for GDPR compliance in the U.S., entities due to its extraterritorial reach.

Compliance 130

Compliance Privacy Processors Legal 130

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

VISTA InfoSec

OCTOBER 21, 2024

And here to oversee and ensure the compliance with the data protection laws organizations often appoint Data Protection Officers. A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities.

CCPA 130

CCPA Privacy Laws Data Breach 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

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

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

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

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

VISTA InfoSec

JULY 5, 2023

This renders them accountable for complying with both HIPAA and PCI regulations. Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. Non-compliance can result in financial losses and damage to the organization’s reputation. That’s a lot of money!

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Stax

JANUARY 15, 2024

Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Credit card surcharging can help offset these expenses, but it can be tricky.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. 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

Compliance 98

Compliance Reconciliation Close Processes Automation 98

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

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.

Compliance 63

Compliance Rules Regulations Cybersecurity 63

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

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. Can Your AI Pass Muster with Regulators? Why Auditability Matters. Auditable AI Can Help Prevent Legal Challenges. Steps toward Building Auditable AI.

Audit 116

Audit AI Governance Government 116

Innovative Payments Association

JULY 8, 2024

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 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. The more pronounced the shift in risk, the more focus it may require to maintain the status of the control environment.

Compliance 52

Compliance Audit Automation Accounts 52

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

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. To accomplish this, companies must adhere to specific regulations and standards. It applies to all U.S.

Audit 130

Audit Compliance Laws Governance 130

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

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 Fintech Times

OCTOBER 21, 2024

By integrating open banking solutions, it is also aiming to help businesses comply with Know Your Customer ( KYC ) regulations. As the Regulation on the Markets in Crypto-Assets ( MiCA ) and KYC requirements become increasingly stringent, the demand for robust bank verification services has become increasingly critical.

Verification 52

Verification Compliance IBAN Fraud Detection 52

FloQast

DECEMBER 13, 2023

The lack of stock market regulations allowed for easy market manipulation and fraudulent activities. Major fraud at large companies went undetected for years due to a lack of transparency and inadequate regulations. In this comprehensive guide, we cover all you’ll need to know about SOX compliance.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

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

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.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

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. security requirements are. Learn More What Is PCI DSS?

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

VISTA InfoSec

MARCH 28, 2024

Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers. Regulatory Compliance Compliance not only helps protect your customers’ data but also shields your business from potential fines and legal challenges.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

Neopay

NOVEMBER 25, 2024

The FCA’s two-stage approach to safeguarding Interim-state proposals The FCA plans to supplement existing safeguarding requirements under the Payment Services Regulations 2017 (PSRs) and the E-Money Regulations 2011 (EMRs). Annual safeguarding audits conducted by an external auditor, with findings submitted to the FCA.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

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

Innovative Payments Association

AUGUST 15, 2024

As a result, regulators are now taking a closer look at how AI is being used in FinTech and are working to establish guidelines and regulations to ensure that AI is being used responsibly and ethically. One of the key issues that regulators are focusing on is the transparency and explainability of AI algorithms.

Boot Camp 52

Boot Camp Regulations AI FinTech 52