The Fintech Times

OCTOBER 12, 2024

This initiative launched in June 2024 as part of the Financial Regulation Innovation Lab (FRIL), an industry-led collaborative research and innovation programme made in partnership with the University of Strathclyde and the University of Glasgow. .”

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

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. The fintech sector, given its financial roots, is heavily regulated in most regions. Fintech founders must foster agility within their startups.

FinTech 64

FinTech Regulatory Compliance Compliance Regulations 64

Fintech Review

JUNE 18, 2024

Common hedge fund back office tasks include trade execution, reconciliation to NAV calculations, investor reporting, preparing tax documents, and ensuring compliance with federal and state regulations. 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

The Fintech Times

JANUARY 25, 2024

The findings come at a challenging time for financial institutions, with several significant regulatory changes due to be implemented over the coming months, including European Market Infrastructure Regulation (EMIR) Refit and revisions to MiFID II.

Process 64

Process Audit Regulatory Compliance Consulting 64

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

Neopay

JUNE 27, 2024

That in its the drive to change its reputation to a tougher regulator, it may have not have been properly considering the potential negative impact on some consumer groups and market sectors. To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

SEPTEMBER 18, 2024

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.) Financial document automation is crucial to ease employee stress, improve customer service, reduce turnaround times, and enhance regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

Fintech Finance

JANUARY 30, 2024

Regulators have increasingly high expectations when it comes to fraud and risk management, as demonstrated by the upcoming UK SOx regulation 2 , which requires large businesses to have robust controls in place to prevent fraud and errors.

Payee 52

Payee Money Laundering Non-Bank Checks 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. . #2:

AI 102

AI Process Fraud Detection Compliance 102

Nanonets

APRIL 29, 2024

  Balance sheet reconciliation software is not just a luxury but a necessity in today's fast-paced and highly regulated business environment, for the following reasons.   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

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

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

Fi911

NOVEMBER 7, 2023

This framework encompasses a series of regulations, policies, and procedures. In the American financial landscape, the genesis of AML regulations is rooted in legislative acts such as the Bank Secrecy Act, the PATRIOT Act, and the Trading with the Enemy Act. These may align with industry best practices or other regulatory frameworks.

AML 52

AML Compliance Money Laundering OFAC 52

The Fintech Times

SEPTEMBER 4, 2024

It helps create a space where compliance teams can focus on hard-hitting issues rather than waste time on mundane work. “However, the emergence of these technologies means that regulations to monitor their proper usage also crop up.

Compliance 64

Compliance Rules Regulations Cybersecurity 64

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

Stax

FEBRUARY 5, 2024

They can be variable or fixed, depending on company policy, industry standards, and local regulations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Regulatory surcharge. Regulatory Compliance. State and federal laws.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Neopay

MARCH 7, 2024

These firms, encompassing lenders, safe custody providers, money brokers, financial leasing companies, and those offering payment services, have been targeted by the FCA due to their classification under the Money Laundering Regulations. To find out more about how we can support you business, click here.

AML 52

AML Financial Crimes Crime Risk Assessment 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

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 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. Documenting the process ensures transparency and provides a reference for future audits or inquiries.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

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

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

FICO

MAY 24, 2021

As an example, almost half (43%) of respondents say they have no responsibilities beyond regulatory compliance to ethically manage AI systems that make decisions which may indirectly affect people's livelihoods.

AI 98

AI Regulatory Compliance Governance Government 98

Fintech News

APRIL 28, 2024

Remaining compliant Finally, the seventh and last trend highlights the use of technology and automation to enhance regulatory compliance, risk management, and internal audit processes. Compliance functions face ever-changing and more demanding regulator and customer expectations.

AI 109

AI Innovation Financial Crimes Crime 109

Nanonets

MAY 22, 2023

They are implemented to ensure the accuracy and reliability of financial reporting, to comply with laws and regulations, to prevent fraud and misappropriation of assets, and to safeguard the organization's resources. In the process, they help prevent fraud and ensure regulatory compliance.

Automation 98

Automation Procedures Audit Process 98

Segpay

DECEMBER 7, 2023

Key Takeaways The DSA is a new set of rules that regulates online services in the EU, such as e-commerce platforms, marketplaces, social media networks, and online advertising providers. 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

Nanonets

APRIL 15, 2024

Demonstrates commitment to financial integrity and regulatory compliance : Regular and accurate bank reconciliation reflects a company's dedication to maintaining high standards of financial transparency and compliance with regulatory requirements.

Reconciliation 52

Reconciliation Adjustments Correspondent Checks 52

Nanonets

SEPTEMBER 23, 2023

Effective and efficient accounting strategies provide accurate financial information, facilitate informed decision-making, ensure compliance with regulations, and build investor trust. It involves recording and reporting financial transactions, ensuring compliance with accounting principles and regulations.

Accounts 52

Accounts Compliance Regulations Audit 52

Nanonets

JULY 11, 2023

In today's business landscape, organizations face a myriad of challenges related to financial integrity, regulatory compliance, and operational efficiency. Effective purchases controls ensure compliance with regulations, mitigate risks and promote operational efficiency.

Procedures 40

Procedures Audit Mitigation Assessments 40

FICO

APRIL 26, 2022

Driving that conversation is important, because regardless of regulation, there’s accountability. Perhaps surprisingly, she thinks that the US government could help with governance frameworks and auditing procedures. Do our legislators know enough to understand what kinds of laws and regulations should be passed?” Scott agreed.

AI 52

AI Regulations Governance Government 52

CB Insights

NOVEMBER 2, 2017

Yet despite a massive regulatory overhaul following the crisis, recent incidents show just how vulnerable the industry still is when it comes to hackers, fraud, and mismanagement. Looking at the top breaches since the financial crisis highlights some of the impacts that major gaps in regulation have on consumers. 570+ items items.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

EBizCharge

JULY 12, 2024

A solid expense policy is paramount to ensure transparency and accountability, paving the way for smooth financial operations and compliance with tax regulations. Enforcing explicit procedures for approval and reimbursement creates a standard for audits. Why is it essential to write a solid expense policy in modern business?

Compliance 52

Compliance Best Practices Procedures Process 52

The Fintech Times

JANUARY 5, 2024

. “In order to fine-tune a model to generate the insights that will best answer customer inquiries, minimise investment risk, or process documents for loan applications, underwriting, regulatory compliance and more, firms will need to train them on their proprietary, industry-specific data.

AI 75

AI Database Financial Crimes Compliance 75

Nanonets

NOVEMBER 15, 2023

Structured or unstructured, different currencies, tax regulations, and languages — it doesn't matter. Automate reporting and audit trails With paper-based systems, these tasks often require more time and effort. Maintaining a clear audit trail is also a challenge, as it's easy to lose track of paper documents.

Accounts 52

Accounts Payment APIs and Integration Audit Automation 52

M2P Fintech

JANUARY 4, 2024

Ensure Secure Co-branded Operations Construct a secure and controlled platform for fintech operation by streamlining program operations, regulatory compliance, infrastructure, accounting, and KYC. Choosing from multiple infrastructure options that align seamlessly with your unique compliance policies.

Credit Cards 59

Credit Cards FinTech Due Diligence Compliance 59

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators.

Enrollments 66

Enrollments Crime B2B Money Laundering 66

Nanonets

JUNE 27, 2023

Regulatory compliance and auditing Compliance with industry regulations and retention policies is critical for businesses. Document digitization enables better control and management of compliance-related documents, ensuring adherence to regulatory requirements and facilitating auditing processes.

Product 52

Product Disaster Recovery Automation Compliance 52