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

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. Through these reconciliation processes, businesses can uphold financial transparency, mitigate risks, and maintain credibility in their financial operations.

Reconciliation 52

Reconciliation Checks Automation Process 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Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees.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

MAY 11, 2023

Invoice processing or bill processing is the whole gamut of operations associated with the business-end (pun unintended) of purchasing products/services from a vendor.  Let us see how invoices are processed and how automation helps streamline invoice management to help businesses run more efficiently.

Process 52

Process Automation Audit Checks 52

Nanonets

MARCH 4, 2024

Expense reimbursement is a fundamental aspect of business operations, encompassing the process by which employees are paid back for expenses they've incurred on behalf of the company. However, managing this process is fraught with challenges. leveraging the right technology to streamline your expense reimbursement workflow.

Process 52

Process Compliance Automation Audit 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. This process involves a thorough review of security policies, access controls, and other safeguards to ensure they meet the highest standards.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Nanonets

SEPTEMBER 18, 2024

  From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily. However, as companies grow, the volume of documents increases exponentially, making manual processing inefficient and error-prone.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Fintech Review

JUNE 18, 2024

Back Office Duties in Fund Management In the fund management space, back office duties include trade processes, technology stacks, and staff that manage day-to-day administrative work. Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software, also known as accounts reconciliation software, is a specialized tool designed to streamline and automate the process of reconciling balance sheet accounts within an organization's financial system.   Why Do We Need Balance Sheet Reconciliation Software?

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Neopay

AUGUST 5, 2024

Senior management must also receive training to understand safeguarding processes and risks. They should be equipped to challenge and assess new data, policies, or frameworks for compliance. Detailed records of all safeguarding training should be maintained for audit purposes.

Compliance 52

Compliance Procedures Audit Risk Management 52

Fintech News

APRIL 7, 2024

This forthcoming stablecoin is set to be fully backed by a mix of US dollar deposits, short-term US government securities, and similar cash equivalents, with a rigorous auditing process in place by an independent accounting firm. This regulatory compliance extends to the new stablecoin, ensuring it meets global standards.

Stablecoins 117

Stablecoins Use Case Blockchain Regulatory Compliance 117

The Fintech Times

OCTOBER 12, 2024

During a three-month process, teams collaborated closely with industry professionals developing and showcasing their innovations in the field of ESG. ESG 360 : An AI-Driven Platform using existing ESG Reports to produce a gap analysis for regulatory compliance that provides full audit capability.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

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.

Automation 52

Automation Technology Audit Compliance 52

Fintech Finance

FEBRUARY 27, 2024

Issuer processing powerhouse Enfuce today announces it has secured an Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA). Enfuce has been at the forefront of financial services since day one, pioneering payment processing in the public cloud.

Regulatory Compliance 52

Regulatory Compliance Compliance Accreditation Issuers 52

Neopay

JUNE 27, 2024

The FCA is focusing on improving its authorisation processes. Taking steps to overcome some of the problems firms have experienced in the last few years, it has taken on more staff, improved technology and digitized parts of the authorisation process. We are starting to see the results in terms of timescales.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

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

Fintech Finance

MARCH 12, 2024

By leveraging standards-based data encryption, tokenization, and masking, the comforte Data Security Platform provides granular audit and control for regulatory compliance without affecting service levels or compromising efficiency. “We Compliance appeared first on Fintech Finance. PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

Nanonets

JUNE 23, 2023

Balance sheet reconciliation is a critical process in finance and accounting that ensures the accuracy and integrity of financial statements. While it may seem like a straightforward process, there are common mistakes that can hinder the effectiveness of balance sheet reconciliation. This process is known as the financial close.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 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. Payment processing surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Nanonets

MAY 22, 2023

Startups are characterized by rapid growth, limited resources, and a lack of established processes. In the process, they help prevent fraud and ensure regulatory compliance. Setting up regular financial audits Regular financial audits are essential for ensuring that the financial controls in place are working as intended.

Automation 98

Automation Procedures Audit Process 98

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

M2P Fintech

JANUARY 31, 2024

These modules work together to ensure that banking operations run smoothly, delivering efficiency, accuracy, and security. Here are the 7 modules that aid the FIs processes and facilitate day-to-day banking operations. 1. The process exemplifies the essence of effective customer relationship management.

Fraud Detection 59

Fraud Detection CRM Regulatory Compliance Compliance 59

Fintech News

APRIL 28, 2024

Technology also allow them to streamline processes and provide real-time support. Composable banking allows banks to break down traditional systems into smaller, reusable components that can be easily integrated and orchestrated to create seamless end-to-end processes.

AI 109

AI Innovation Financial Crimes Crime 109

PYMNTS

NOVEMBER 29, 2018

The use of smart contracts and tokens can automate processes and provide greater visibility when funds are moving between these parties to support processes like collections, payments and investment tracking.

Cryptocurrency 54

Cryptocurrency Audit Blockchain B2B 54

Neopay

FEBRUARY 27, 2024

One of the biggest challenges facing fintech companies today is the increased costs and complexity of compliance. With regulatory bodies imposing stricter standards and more frequent audits, firms are finding it increasingly difficult to keep up.

FinTech 59

FinTech Compliance Audit Risk Management 59

Fintech Finance

JANUARY 30, 2024

This helps firms subject to Money Laundering regulations bolster their AML 5 processes when onboarding customers by detecting accounts linked to financial crime. 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 15, 2024

What is a Bank Reconciliation Statement Bank reconciliation is the process that ensures that a company's recorded cash balances align with the funds in their bank accounts. This serves as the starting point for the reconciliation process. This reconciled balance serves as the starting point for the next reconciliation process.  

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

Neopay

FEBRUARY 29, 2024

At Neopay, we recognise the importance of regulatory compliance and consumer protection. We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

Neopay

JULY 2, 2024

The FCA highlighted that senior management must be accountable for consumer outcomes and that firms should have clear processes for escalating and addressing issues. How Neopay can help At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

EBizCharge

JULY 12, 2024

Clarifying categories, documentation, approval processes, and non-reimbursable items can make or break a business expense policy’s success. This policy outlines acceptable expenses, the procedures for submitting expenses for reimbursement, and the roles and responsibilities of staff and management in the expense reporting process.

Compliance 52

Compliance Best Practices Procedures Process 52

Segpay

DECEMBER 7, 2023

Segpay is a global payment facilitator of online credit card processing for subscription-based content providers and e-commerce merchants. 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

FICO

MAY 24, 2021

The report’s findings point to an urgent need to elevate the the importance of AI governance and Responsible AI to the boardroom level ; organizations are increasingly leveraging AI to automate key processes that, in some cases, are making life-altering decisions for their customers.

AI 98

AI Regulatory Compliance Governance Government 98

Nanonets

NOVEMBER 15, 2023

Could adopting a paperless accounts payable process be the solution? The term paperless accounts payable refers to a completely digital AP process, eliminating the need for paper invoices. The term paperless accounts payable refers to a completely digital AP process, eliminating the need for paper invoices. Impressive, right?

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

Nanonets

JUNE 13, 2024

Timely completion of the financial close process helps stakeholders in decision making and reporting. Maintaining an accurate audit trail is crucial for your company to avoid potential penalties which auditors may flag. Workflow automation : Nanonets can automate the account reconciliation process, from data entry to approval.

Reconciliation 52

Reconciliation Automation Accounts Close Processes 52

Nanonets

JUNE 27, 2023

Digitized documents are easy to maintain, store, and process, helping businesses reduce the costs, time, and effort required to manipulate information. Regulatory compliance and auditing Compliance with industry regulations and retention policies is critical for businesses.

Product 52

Product Disaster Recovery Automation Compliance 52

The Fintech Times

SEPTEMBER 4, 2024

. “Regulations also change every year, and it is imperative to keep a diligent eye on them, which is why BHG has built such a robust regulatory team with deep regulation and compliance expertise to ensure we’re staying on top of the shifts and that we are always in compliance.”

Compliance 64

Compliance Rules Regulations Cybersecurity 64

PYMNTS

JUNE 26, 2018

In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues.

Accounts 40

Accounts Regulatory Compliance Small Business Audit 40