The Paypers

SEPTEMBER 12, 2024

Sumsub , a verification provider, has announced that it received complete regulatory compliance for its Non-Doc solution after an audit by FINTRAIL.

Verification 36

Verification Regulatory Compliance Audit Compliance 36

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. The consequences of non-compliance extend beyond immediate financial penalties.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

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 Payment APIs and Integration 88

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

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

Fintech Finance

MARCH 12, 2024

standards is not just about compliance but a stride towards payment modernization – offering opportunities for better payment experiences and enabling the adoption of emerging technologies while bolstering protection against cyber threats. Compliance appeared first on Fintech Finance. Adhering to the new PCI DSS v4.0 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

Fintech Review

JUNE 18, 2024

However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Segpay

DECEMBER 7, 2023

In that case, you need to be aware of the implications of the DSA and how to ensure compliance with its requirements. Appointing compliance officers Allowing external audits Providing access to data to researchers Enabling users to flag illegal or harmful content.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit 56

Audit AI Regulatory Compliance Duplicate 56

Nanonets

SEPTEMBER 18, 2024

Even small errors can lead to significant financial discrepancies or compliance issues. Solutions: Choose a reputed automation tool that adheres to national and global compliance and regulatory standards such as GDPR, HIPAA, SOC2, ISO 27001, FedRAMP (in the U.S.)

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Neopay

JUNE 27, 2024

To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models. Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

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. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.

Stablecoins 117

Stablecoins Use Case Blockchain Regulatory Compliance 117

Fintech Review

JANUARY 9, 2024

Prioritize Regulatory Compliance Photo by Sora Shimazaki on Pexels.com For fintech founders, one of the primary areas of focus should be regulatory compliance. Navigating this regulatory landscape can be challenging, but it’s paramount for success.

FinTech 64

FinTech Regulatory Compliance Compliance Regulations 64

Nanonets

APRIL 29, 2024

You know that untangling this web of numbers is not just about ensuring compliance; it's about safeguarding the financial health and reputation of your organization.   Human errors are not uncommon, and the time spent rectifying these mistakes could be better utilized for strategic financial analysis and decision-making.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

VISTA InfoSec

FEBRUARY 13, 2024

Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements. In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

The Fintech Times

AUGUST 9, 2024

Accountants play a crucial role in ensuring organisational compliance and success in this new digital era.” Our partnership with the UAE Banks Federation is testament to our commitment to guiding this transformation.

CBDC 64

CBDC Digital Currency Central Bank Regulatory Compliance 64

Neopay

FEBRUARY 27, 2024

As the industry grapples with evolving regulations, shifting consumer demands, and technological advancements, fintech firms are increasingly seeking comprehensive solutions to streamline their operations and navigate the complexities of compliance.

FinTech 59

FinTech Compliance Audit Risk Management 59

Neopay

FEBRUARY 29, 2024

The focus was on assessing how additional engagement had impacted firms’ readiness for compliance. Enhanced compliance activities : Firms demonstrated increased engagement in key elements of the Duty, such as identifying target markets and appointing oversight personnel.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

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. But, achieving this level of agility can be challenging.

Automation 52

Automation Technology Audit Compliance 52

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

JANUARY 25, 2024

Overall, 70 per cent of respondents agree that their data lacks the transparency and flexibility required for regulatory reporting. In addition, 73 per cent of firms struggle to receive all the data they require to complete internal and external audits – a concerning finding as auditing season approaches.

Process 64

Process Audit Regulatory Compliance Consulting 64

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. Audits, advice and reviews from third-party specialists such as Neopay are essential now really.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

The Fintech Times

OCTOBER 12, 2024

ESG 360 : An AI-Driven Platform using existing ESG Reports to produce a gap analysis for regulatory compliance that provides full audit capability. Siccar : Secure solution architecture with a focus on reliability and resilience of ESG data.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

Fintech Finance

FEBRUARY 27, 2024

The FCA’s EMI licence, which builds on the company’s previous accreditation as an authorised payment institution in Europe, is a testament to Enfuce’s dedication to the highest standards of regulatory compliance.

Regulatory Compliance 52

Regulatory Compliance Compliance Accreditation Issuers 52

Neopay

JULY 2, 2024

This event is particularly relevant to regulated firms and compliance consultants. How Neopay can help At Neopay, we recognise the importance of regulatory compliance and consumer protection. Registration is required to attend. For more details and to register, visit here.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

Neopay

MARCH 7, 2024

Due diligence and monitoring: Policies lack specificity, leading to ambiguity in the actions required for compliance with MLRs, particularly concerning due diligence, ongoing monitoring, and the establishment of effective procedures.

AML 52

AML Financial Crimes Crime Risk Assessment 52

Fintech Finance

JANUARY 30, 2024

They will also ensure compliance in an increasingly complex regulatory landscape. “In Together, the tools offered by AccessPay’s Fraud & Error Prevention Suite help businesses to streamline processes, mitigate key risks and improve regulatory compliance.

Payee 52

Payee Money Laundering Non-Bank Checks 52

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

Stax

FEBRUARY 5, 2024

Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Regulatory Compliance.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Fintech News

APRIL 28, 2024

Banks are facing growing challenges in protecting customer data, preventing unauthorized transactions, and ensuring compliance with regulatory requirements, the report says. Compliance functions face ever-changing and more demanding regulator and customer expectations.

AI 109

AI Innovation Financial Crimes Crime 109

FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

JUNE 23, 2023

This section outlines the steps involved in reconciling balance sheets to ensure accuracy, completeness, and compliance. 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.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Neopay

FEBRUARY 12, 2024

The increased costs and complexity of compliance is affecting all financial services firms at the moment. It’s not just personnel though, software and IT needs and costs have also increased sharply, alongside other costs such as training and the need for more testing and audits.

FinTech 52

FinTech Compliance Reconciliation Risk Management 52

Nanonets

APRIL 3, 2024

Compliance and Audit Readiness: Vendor reconciliation plays a crucial role in ensuring compliance with regulatory requirements and audit standards. Regulatory Compliance Burdens: Navigating tax regulations, accounting standards, and industry-specific rules adds complexity to the reconciliation process.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

The Fintech Times

APRIL 5, 2024

These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations. Ripple is committed to regulatory compliance and has a growing license portfolio in key regions around the globe. The stablecoin market is about $150billion, and is forecasted to exceed $2.8 trillion by 2028.

Stablecoins 64

Stablecoins Use Case Blockchain On-Demand 64

M2P Fintech

JANUARY 31, 2024

It aids FI s in maintaining regulatory compliance by providing a centralized platform for creating, delivering, and tracking compliance training modules, ensuring all employees receive the necessary training, and generating detailed reports for auditing.

Fraud Detection 59

Fraud Detection CRM Regulatory Compliance Compliance 59

PYMNTS

NOVEMBER 29, 2018

However, according to Woodrow, the company has faith that its plans show the potential of cryptocurrency in the real world as a way to facilitate the movement of money securely, transparently and quickly — while maintaining regulatory compliance.

Cryptocurrency 54

Cryptocurrency Audit Blockchain B2B 54