PYMNTS

JUNE 14, 2017

Through a 70-question survey, TMF Group asked the accounting and tax professionals to assess their local regulatory climates. Turkey, the report found, was the most complex market for regulatory compliance, followed by Brazil, Italy, Greece and Vietnam. Rounding out the list are Colombia, China, Belgium, Argentina and India.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

Innovative Payments Association

AUGUST 29, 2024

This will help ensure that all employees are aware of their compliance responsibilities and can identify and report suspicious activity. Conduct Regular Monitoring and Audits Regular monitoring and audits are essential for assessing the effectiveness of a compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 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

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. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

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

Fintech Review

JUNE 18, 2024

Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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

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

AUGUST 5, 2024

Detailed records of all safeguarding training should be maintained for audit purposes. It helps firms comply with regulatory requirements, thereby avoiding penalties and reputational damage. It helps firms comply with regulatory requirements, thereby avoiding penalties and reputational damage.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Fintech Times

AUGUST 9, 2024

Capitalising on strong UAE position Panellists also focused on the absence of a standardised accounting framework for digital assets, which can lead to inconsistencies in reporting, impacting investor confidence and potentially complicating regulatory compliance.

CBDC 64

CBDC Digital Currency Central Bank Regulatory Compliance 64

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. This regulatory compliance extends to the new stablecoin, ensuring it meets global standards.

Stablecoins 104

Stablecoins Use Case Blockchain Regulatory Compliance 104

Nanonets

APRIL 29, 2024

Regulatory Compliance : Compliance with regulatory standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) is non-negotiable for businesses. Accuracy and Data Integrity : Accuracy is paramount in balance sheet reconciliation.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 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

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

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 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

Neopay

JUNE 27, 2024

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. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 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

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

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

Fi911

NOVEMBER 7, 2023

These may align with industry best practices or other regulatory frameworks. It’s paramount for such institutions to liaise with legal experts to ensure total regulatory compliance. The sheer complexity of current financial systems, paired with evolving criminal tactics, renders manual monitoring increasingly untenable.

AML 52

AML Compliance Money Laundering OFAC 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

Neopay

FEBRUARY 29, 2024

As we approach the full implementation deadline, continued collaboration between regulatory authorities, firms, and industry stakeholders will be instrumental in fostering a robust and consumer-centric financial ecosystem. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

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

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

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

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

Neopay

JULY 2, 2024

How Neopay can help 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. Registration is required to attend.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

Fintech Finance

JANUARY 30, 2024

Failure to comply means companies can incur heavy fines and suffer significant reputational damage; data from HM Treasury 7 shows that the total value of fines levied by the various UK supervisory bodies for non-compliance jumped from £109m in 2020-21 to £504m in 2021-22.

Payee 52

Payee Money Laundering Non-Bank Checks 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

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

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

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

Nanonets

MAY 22, 2023

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. These should then be clearly documented and communicated to all relevant staff.

Automation 98

Automation Procedures Audit Process 98

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

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

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. These cost reductions stem from reduced manual processes, increased data accuracy and streamlined operations.

AI 99

AI Innovation Financial Crimes Crime 99

Segpay

DECEMBER 7, 2023

Appointing compliance officers Allowing external audits Providing access to data to researchers Enabling users to flag illegal or harmful content. More information about secure payment practices and their importance in maintaining regulatory compliance can be found here.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52