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 Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Why is it important?

Privacy 88

Privacy AI Payment Security Security 88

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The current safeguarding rules are based on the Payment Services Regulations 2017 (PSRs) and E-Money Regulations 2011 (EMRs). What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

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

The Fintech Times

NOVEMBER 26, 2024

Noah Perlman, chief compliance officer, Binance He added: “We recently achieved our 20th global regulatory milestone, which is a testament to our efforts and commitment to working with regulators and industry partners and ensuring sustainable growth of the crypto industry.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

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

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

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 72

Compliance FinTech Reconciliation Audit 72

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

Innovative Payments Association

AUGUST 29, 2024

Here are some steps to help guide you in building a successful cannabis banking compliance program: Understand Federal vs. State Regulations It's important to understand the difference between federal and state regulations when it comes to cannabis.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

FICO

JUNE 5, 2017

Facilitating engineering, deployment, management and regulatory compliance: While text and the process of analyzing it can be quite complex, the results need to be simple to understand and use. We now have the analytic techniques and data infrastructures to essentially merge disparate varieties of text into one “document” for analysis.

XML 108

XML Origination Regulatory Compliance CRM 108

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

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

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 112

AI Innovation Financial Crimes Crime 112

PYMNTS

FEBRUARY 7, 2019

Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Due Diligence Audit Blockchain 65

PYMNTS

DECEMBER 7, 2017

According to Jake Benson, CEO of back-office software provider Libra , that’s because traditional accounting and auditing software solutions aren’t compatible with blockchain, rendering them unable to access, manage and analyze financial data stored on distributed ledgers. Regulation can rapidly change,” said Benson.

Blockchain 52

Blockchain Accounts Audit Cryptocurrency 52

FICO

MARCH 6, 2020

As a one-stop supplier for anti-financial crime, we cover all compliance-related requirements in a truly integrated solution that breaks down financial crime risk management silos. We help customers speed up time to compliance by 50%, with lower implementation and maintenance costs and fewer IT and project resources. In the U.S.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

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 Money Laundering 59

Fintech Finance

MARCH 14, 2024

He brings a comprehensive regulatory understanding and supervisory experience to solidify Flutterwave’s dedication to upholding the highest regulatory, compliance, and governance standards. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc.

Non-Bank 52

Non-Bank Audit Compliance Governance 52

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

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

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

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

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

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

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 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

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 Audit 52

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

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

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

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

PYMNTS

JULY 11, 2019

The Decentralized Identity Foundation (DIF) has been working with corporations and regulators to one day reach this goal, but the foundation’s co-founder, Wayne Vaughan, has some concerns surrounding Libra’s impact on the future of digital identity. Or, you could try to implement some sort of certification program or an audit process.

Risk 49

Risk Cryptocurrency Regulations Privacy 49

EBizCharge

JULY 16, 2024

Adhering to NACHA requirements Financial institutions, credit unions, and other ACH network participants need to ensure they remain in lockstep with NACHA regulations to facilitate efficient payments. NACHA has streamlined the audit process by consolidating the methodologies into a single section within NACHA regulations.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation 52

Reconciliation Automation Regulatory Compliance Compliance 52