Global Fintech & Digital Assets

MARCH 5, 2024

Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products.

Authorization 59

Authorization Product Procedures Due Diligence 59

The Fintech Times

JULY 20, 2024

It is also key to test out the disaster recovery plans, instead of having these as a paper exercise and ensure that all the people, processes and data (and not only the technology) are tried and tested at scale, and there is sufficient preparation in place should such an outage happen in future.

Payments 122

Payments Mitigation Regulations ISO 20022 122

Nanonets

DECEMBER 13, 2023

This transparency is essential for regulatory audits, allowing authorities to review the entire process and verify that each step adheres to compliance requirements. Moreover, AI contributes to effective disaster recovery planning by monitoring data backups and facilitating swift recovery processes.

AI 102

AI Process Fraud Detection Compliance 102

Nanonets

JULY 28, 2023

From streamlining processes and improving efficiency to enhancing security, compliance, collaboration, and disaster recovery, document workflow management can revolutionize how your business handles its documents. Authorized external user access can be granted and monitored.

Disaster Recovery 52

Disaster Recovery Automation Procedures Compliance 52

Nanonets

APRIL 5, 2023

This makes it easy for authorized personnel to access the documents from anywhere and at any time. Disaster recovery : A document management workflow can serve as a backup system in the event of a disaster, such as a fire or flood.

Disaster Recovery 52

Disaster Recovery Legal Compliance Automation 52

Nanonets

MAY 8, 2023

Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies. Disaster recovery is another significant benefit of audit trials. A comprehensive and accessible audit trail can help your business deal with an unexpected crisis or disaster.

Audit 52

Audit Procedures Disaster Recovery Reconciliation 52

Neopay

JUNE 27, 2024

Reporting suspicious activity: Establish clear procedures for reporting suspicious activity to the relevant authorities. This includes redundant systems, backup facilities, and disaster recovery procedures. Regulatory updates: Stay informed about regulatory changes and updates issued by the FCA and other relevant authorities.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52