Nanonets

JANUARY 12, 2024

However, with the rapid growth in the insurance sector, the industry has reached a point where growth can only be achieved through insurance automation. Technologies such as RPA are expected to take the insurtech sector in the US to $261.6 Technologies such as RPA are expected to take the insurtech sector in the US to $261.6

Use Case 59

Use Case Automation Compliance Procedures 59

Finovate

OCTOBER 1, 2024

Kani’s technology helps businesses complete multiple weeks’ of complex transaction reporting and reconciliation work in under 30 seconds. customers, is scalable and offers the potential to expand via deeper integration, advanced reporting, and continuous regulatory compliance needs as Cardaq grows in the future.

Acquirers 52

Acquirers Reconciliation Regulatory Compliance Compliance 52

The Fintech Times

MAY 2, 2024

When it comes to experimentation, the research found that 77 per cent 400 UK financial decision-makers are actively testing the technology. Financial processes were shown to be a key area for automation, with 59 per cent of businesses having automated receiving payments, issuing payments (52 per cent) and generating invoices (57 per cent).

AI 59

AI Automation Regulatory Compliance Rules 59

Stax

AUGUST 22, 2024

Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks. Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

FloQast

MAY 13, 2024

Accounting is the backbone of financial transparency and corporate governance, and the profession is undergoing a transformation driven by technological advancements and shifting market dynamics. economy could be automated. economy could be automated. However, blockchain technology isn’t going away.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Fintech News

OCTOBER 22, 2024

This pre-configured service uses cloud technology for quick implementation and cost efficiency. By automating processes, the service lowers operational costs and increases straight-through processing (STP) rates, improving overall efficiency.

Cross-Border Payments 68

Cross-Border Payments Cross-Border Regulatory Compliance Payments 68

Nanonets

JUNE 19, 2023

Imagine a fortress of technological prowess, where your organization's automation processes are shielded within your own infrastructure. With on-premise automation, you hold the keys to a kingdom fortified against external threats, ensuring that your sensitive data remains safe and sound. What is On-Premises Automation?

Automation 52

Automation Disaster Recovery Process Security 52

Nanonets

APRIL 11, 2023

But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency. Lenders must adapt to these expectations by embracing new technologies and rethinking traditional lending processes to remain competitive.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Fintech Review

OCTOBER 1, 2024

These protocols are integral to combating financial crime and ensure regulatory compliance. The findings underscore the need for financial institutions (Fis) to balance stringent compliance measures with efficient, user-friendly onboarding experiences. These solutions streamline processes. This enhances efficiency significantly.

AML 98

AML Verification Research Consumer 98

Nanonets

JULY 25, 2023

This is where financial reporting automation comes into play. By harnessing the power of technology and automation, businesses can streamline their financial reporting processes, improve efficiency, and make more informed decisions. What is financial reporting automation?

Automation 52

Automation Compliance Process Government 52

PYMNTS

DECEMBER 15, 2020

Identity verification solution provider Acuant has teamed with accounts payable (AP) automation company Tipalti to automate essential services in payment and transaction monitoring, according to a Tuesday (Dec. 15) announcement.

Automation 75

Automation Transactions Verification Regulatory Compliance 75

Nanonets

NOVEMBER 16, 2023

This is where Accounts Payable (AP) Automation emerges as a critical tool, not merely for managing payments but as a strategically in scaling your business. AP Automation involves leveraging technology to streamline, optimize, and automate the processes associated with managing a company’s accounts payables.

Automation 52

Automation Process Accounts Checks 52

Nanonets

JUNE 13, 2024

Even further, standardizing source-to-pay action items makes it more possible to trim the fat from the process, find synergies in your business, and implement a source to pay system that enables process automation and streamlines supplier onboarding.  To ensure accuracy, the system performs automated three-way matching.

Automation 52

Automation Process P2P On-Demand 52

Fintech Review

JUNE 12, 2024

The insurance industry is undergoing a significant transformation driven by technological advancements. Insurtech, a term blending ‘insurance’ and ‘technology,’ is revolutionising traditional insurance models. These challenges include legacy systems, regulatory compliance, and cultural resistance to change.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

PYMNTS

JULY 23, 2020

GEP , which works in procurement and supply chain strategy, has launched its new accounts payable (AP) solution, which will help automate AP services through cloud technology, artificial intelligence (AI) and machine learning (ML), according to a press release.

Automation 56

Automation Risk Regulatory Compliance AI 56

Nanonets

APRIL 1, 2024

Reconciliation Software to Manage Outstanding Checks in Bank Reconciliation Automated reconciliation software solutions such as Nanonets offer a streamlined solution to the challenges posed by outstanding checks in the reconciliation process. These comprehensive records serve as valuable documentation for audits and regulatory compliance.

Reconciliation 52

Reconciliation Checks Automation Process 52

Nanonets

APRIL 5, 2023

The answer lies in automating steps in the lending process. Automation enables lenders to conduct more stringent credit checks, income verification, and other critical verifications to ensure that only qualified borrowers are approved. This is where automation can be a game-changer!

Automation 52

Automation Process Risk Assessment Assessments 52

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. The post Explore Regulatory Compliance Best Practices at FICO World appeared first on FICO.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders. The third and final area is technology.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

Nanonets

MARCH 30, 2023

The solution to this problem is optical character recognition (OCR), a technology that can help automate many of these manual processes. OCR in Healthcare OCR technology involves the use of software that can recognize and read printed or handwritten text and convert it into digital form.

Automation 52

Automation Process AI Research 52

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Following a credit decision, gen AI can draft the credit memo and contract.

Risk Management 111

Risk Management AI Risk Use Case 111

Nanonets

JUNE 15, 2023

The advantages of efficient document workflows are numerous: Improved Productivity : Automating repetitive tasks allows employees to focus on more critical, strategic tasks. Increased Accuracy : Automated processes reduce human error, ensuring the accuracy of documents. decided to automate its accounts payable process.

Automation 52

Automation Payment APIs and Integration Audit Process 52

Fintech Review

JUNE 18, 2024

Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Using modern technology not only improves financial data accuracy but also frees up fund managers to focus more on strategy. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. According to Vrishaketu, this is a common occurrence for organizations struggling to automate. ” From Onboarding to Compliance. .

Automation 52

Automation Reconciliation Compliance Regulatory Compliance 52

The Payments Association

OCTOBER 3, 2024

Many people often mistake digital transformation in banking for simply introducing customer-facing technologies like mobile apps and chatbots. Authentic digital transformation demands a complete revamp of the entire technological infrastructure, including core banking systems and backend processing platforms.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

Fintech Finance

JULY 24, 2024

With the advent of AI, accessing the impact this technology could have is crucial. Security : Implementing new solutions to support staying ahead of evolving threats. Simona Covaliu, Chief Risk Officer comments: “I’m excited to be taking on a new challenge at PayU GPO.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

Bank Automation

OCTOBER 17, 2024

TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines The Financial Crimes Enforcement Network fined the Toronto-based bank $1.3 billion and the U.S. Department of Justice levied $1.8 billion in fines on Oct.

AML 58

AML Compliance Money Laundering Financial Crimes 58

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures. This gathering comes at a pivotal moment.

Finance 115

Finance Risk Mitigation Automation AI 115

Fintech Finance

AUGUST 1, 2024

Flutterwave , a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. Oluwabankole Falade, Chief Regulatory Officer at Flutterwave, said: “We are grateful to the Bank of Ghana for their trust and support in granting us this license.

Transactions 93

Transactions Security Regulatory Compliance Payments 93

Fintech Finance

AUGUST 2, 2024

AI-Powered Enhancements ComplyTek employs sophisticated AI technologies to enhance its transaction monitoring solutions significantly: Live Execution Monitoring: ScanTek machine learning and statistical algorithms, identifies fraud in real time by suggesting intelligent risk rules and providing transaction fraud scores. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Finovate

JULY 30, 2024

based Cable was founded in 2020 to offer a financial risk control platform with automated effectiveness testing and real-time alerts that help clients manage, track, and have full oversight of the controls. “This opportunity requires that we have a robust risk management program and strong controls to ensure regulatory compliance. .

Compliance 52

Compliance Risk Management Regulatory Compliance Financial Crimes 52

Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 109

AI Innovation Financial Crimes Crime 109

FICO

MAY 20, 2021

In my Financial Crimes Predictions 2021: More AI & Ransomware post , I talked about how banks will move to operationalize their Anti-Money Laundering (AML) compliance programs to achieve greater efficiencies and how robotic process automation (RPA) adoption will drive the paradigm shift. FICO Automates KYC Watchlist Screening.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

The Fintech Times

SEPTEMBER 14, 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. “Likewise, machine learning algorithms continuously learn from data, improving accuracy over time.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

Finovate

AUGUST 26, 2024

In a recent post about the themes of FinovateFall 2024 (New York City, September 9 – 11), we recognized just how much our demoing companies were leveraging AI to help build innovative financial solutions in everything from payments and lending to cybersecurity and regulatory compliance.

AI 59

AI Credit Union Regulatory Compliance Research 59

Seon

SEPTEMBER 20, 2024

The rise of artificial intelligence (AI), machine learning (ML) and automation have all added new layers of complexity to fraud prevention at an unprecedented scale. For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Fintech News

APRIL 7, 2024

It leverages its blockchain technology to offer enterprise-grade solutions tailored for financial institutions and businesses. This regulatory compliance extends to the new stablecoin, ensuring it meets global standards. trillion by 2028, Ripple aims to cater to the increasing demand for stable and reliable digital currencies.

Stablecoins 117

Stablecoins Use Case Blockchain Regulatory Compliance 117