Lending Life Cycle Management: Challenges and Best Practices
Finezza
APRIL 9, 2024
It involves due diligence regarding customer background by the lenders, regulatory compliance, and financial processes for the lender.
Best Practices Compliance Regulatory Compliance 
Explore Regulatory Compliance Best Practices at FICO World
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. Model management continues to present financial institutions with new compliance obstacles.
1inch appoints a new Chief Compliance Officer
Fintech Review
NOVEMBER 6, 2024
Dubai, UAE, November 6th, 2024, FinanceWire 1inch is pleased to announce the appointment of Hedi Navazan as 1inch Group’s new Chief Compliance Officer. A strong foundation begins with a culture of security, compliance and a dedication to doing things the right way. Contact PR lead Pavel Kruglov 1inch Labs p.kruglov@1inch.io
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From Why to Wow – Migration Considerations & Success Factors
The Payments Association
NOVEMBER 13, 2024
Discover why regulatory compliance is the top driver for card program migration. Don’t miss this chance to gain valuable best practices from industry experts and confidently embark on your migration journey. Explore why innovation ranks as a key factor in selecting card program partners.
Financial Reporting: Best Practices for CFOs and Finance Teams
Paystand
MARCH 12, 2024
Your ability to ensure accuracy is crucial for regulatory compliance and building trust among investors, creditors, and other stakeholders. As a CFO, your role in financial reporting is pivotal. You oversee gathering, analyzing, and communicating financial data.
Understanding the importance of a Compliance Monitoring Plan: An expert interview
Neopay
SEPTEMBER 2, 2024
As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. Margita, why is having a Compliance Monitoring Plan so important for businesses today? Can a Compliance Monitoring Plan be used for more than just adhering to FCA regulations? Absolutely.
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Securing Your Wealth: How Cybersecurity Affects Investment Decisions
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. The consequences of non-compliance extend beyond immediate financial penalties.
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Understanding Risk Management Strategies as a PayFac
Stax
AUGUST 22, 2024
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.
Enhancing compliance through safeguarding training
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. Key components of safeguarding training Training should ensure that all staff are aware of the regulatory requirements for safeguarding client assets.
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CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service
Fintech Finance
SEPTEMBER 24, 2024
The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.
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Understanding AML Compliance in the Banking Sector
Fi911
NOVEMBER 7, 2023
Furthermore, as money laundering techniques evolve with technological advancements, modern AML compliance increasingly leans on automation. Decoding AML Compliance for Financial Institutions At its core, AML compliance embodies strict adherence to laws designed to curb money laundering.
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CeFPro: Are Financial Institutions Prepared for Supplier Risks? New Survey Uncovers Critical Gaps
Fintech Finance
OCTOBER 7, 2024
Additionally, as organisations prepare for the Bank of England’s SS221 regulation , which takes effect in March 2025, many are facing the challenge of aligning with two significant regulatory frameworks simultaneously. He added, “With only three months remaining until DORA’s implementation, the time for companies to act is now.
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Why Hedge Fund Admin Software is Crucial to Your Back Office
Fintech Review
JUNE 18, 2024
However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Foster a culture of compliance.
Zühlke Champions Generative AI, Digital Money for Future of Finance at SFF 2024
Fintech News
NOVEMBER 20, 2024
Featuring a live discussion featuring leaders from Amazon Web Services (AWS), EFG and Nomura, the session provided a roadmap for financial institutions to capitalise on AI’s benefits while ensuring regulatory compliance. ” said Stefan Grasmann, Chief of Blockchain at Zühlke.
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GDPR and Biometric Data: Ethical Considerations and Privacy Implications
VISTA InfoSec
AUGUST 22, 2023
As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.
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OKX Singapore Gets In-Principle MPI License to Offer Crypto, Cross-Border Services
Fintech News
MARCH 12, 2024
This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019. has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS).
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2021 FICO Decisions Awards Now Open
FICO
SEPTEMBER 23, 2020
A panel of independent judges with deep industry expertise will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Nominations are due December 4, 2020, and winners will be announced January 22, 2021.
Preparing for FCA authorisation: what you need to know
Neopay
MAY 8, 2024
Quantified prudential regime : If applicable, include details of share capital and other relevant material to demonstrate compliance with prudential requirements. Neopay, a leading regulatory compliance specialist in the e-money and payments markets, offers expert assistance to firms seeking FCA authorisation.
Accutive Eyes GDPR Compliance With Encryption Alternative
PYMNTS
FEBRUARY 21, 2019
Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.
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Enhancing consumer protection: FCA’s Consumer Duty survey findings
Neopay
FEBRUARY 29, 2024
The focus was on assessing how additional engagement had impacted firms’ readiness for compliance. Enhanced compliance activities : Firms demonstrated increased engagement in key elements of the Duty, such as identifying target markets and appointing oversight personnel.
How payment firms can prepare for the FCA’s proposed safeguarding regime
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. However, there are numerous issues due to poor compliance. What’s next?
FCA Authorisations: How are things changing? Are things improving?
Neopay
JUNE 27, 2024
To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models. 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.
Marketplace Lenders Navigate The Choppy Waters Of Compliance
PYMNTS
SEPTEMBER 25, 2019
The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., Data Solutions For Data Problems.
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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work
Stax
FEBRUARY 5, 2024
That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Regulatory Compliance.
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5 Strategies for Protecting the Public and Private Sectors from Cybersecurity Threats
VISTA InfoSec
FEBRUARY 13, 2024
This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework.
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Build vs buy? Strategic decisions in financial crime management
The Payments Association
NOVEMBER 12, 2024
The choice affects compliance, efficiency, and fraud prevention capabilities. In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. What is this article about? Why is it important?
FCA’s multi-firm review: key findings on Consumer Duty outcomes monitoring
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.
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Identity Risk Management: Strategic Approaches to Mitigate Risk
Seon
JUNE 24, 2024
Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. Factors like regulatory compliance obligations and the potential financial or reputational repercussions are also considered during this assessment.
Bitcoin Daily: China Expands Digital Cash Pilot; California Bill Defining Digital Assets Moves Forward
PYMNTS
AUGUST 16, 2020
In other news, the Association of Cryptocurrency Enterprises and Start-ups Singapore ( ACCESS ) has rolled out an official Code of Practice, to help standardize the industry and aid players in meeting regulatory compliance, according to a press release.
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GAAP vs. Non-GAAP Accounting: What You Need to Know
EBizCharge
JULY 26, 2024
Compliance with GAAP provides a standardized method of describing a company’s financial performance, enabling investors, regulators, and other stakeholders to analyze and compare financial statements confidently. The Securities and Exchange Commission (SEC) requires GAAP compliance for all U.S.
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The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration
Fi911
JANUARY 31, 2024
Navigating the Path Ahead with Caution Banks bear significant overhead costs managing infrastructure, regulatory compliance, and customer service. AI-driven credit scoring models can rapidly assess an applicant’s creditworthiness, potentially reducing waiting times for loan approvals and enhancing customer satisfaction.
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Flutterwave Appoints Dipo Fatokun as Board Chair; Tosin Faniro-Dada Also Joins as a Non-Executive Director
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. This appointment closely follows Flutterwave’s recent compliance, regulatory, and risk-focused hires.
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How to Stay Compliant with NACHA Requirements
EBizCharge
JULY 16, 2024
Navigating electronic payments requires a thorough understanding of compliance standards set forth by governing bodies such as the National Automated Clearing House Association (NACHA) network. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction.
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Online Lending Round Table Takeaways: Navigating Fraud and Risk in 2024
Seon
SEPTEMBER 20, 2024
Regulatory compliance adds another layer of complexity. Although many technological solutions are compliant, financial institutions must ensure their overall processes meet regulatory standards, requiring constant vigilance and adaptation.
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Top Expense Policy Strategies for Modern Businesses
EBizCharge
JULY 12, 2024
A thorough expense policy ensures financial control and compliance with regulatory requirements. By implementing a clear and concise expense policy, businesses can reduce the risk of fraud, prevent overspending, and promote transparency in financial practices. How do you write an expense policy?
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Expense Reconciliation: Step-by-Step Guide
Nanonets
MAY 7, 2024
Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.
Neopay’s Integrated Managed Service redefines fintech efficiency – An exclusive interview with CEO Craig James
Neopay
FEBRUARY 12, 2024
The increased costs and complexity of compliance is affecting all financial services firms at the moment. On top of this, the impact of FCA compliance in other back-office functions is becoming more onerous through things like Consumer Duty and resilience planning. When you say all back-office functions, what does it cover?
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Explore AI and Digital Transformation at FICO World 2019
FICO
JUNE 4, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions and optimizing business results. Regulatory Compliance. Tracks for this year's conference include: Acquisition, Origination & Growth. Auto Finance.
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Explore AI and Digital Transformation at FICO World 2019
FICO
MAY 28, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions and optimizing business results. Regulatory Compliance. Tracks for this year's conference include: Acquisition, Origination & Growth. Auto Finance.
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Video: Explore Better Decisions with AI at FICO World 2019
FICO
JUNE 19, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions with AI and optimizing business results.
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Gen Z is leading adoption of new payments. Here’s how BNPL is being affected.
Tearsheet
JULY 1, 2024
What are best practices when it comes to protecting consumer information? First and foremost, your security must exceed industry compliance standards. Another area is regulation and compliance. This reduces fraud risk and addresses data privacy concerns, which, again, helps to build trust between merchants and consumers.
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Analytic Heroes Come Forward!
FICO
AUGUST 29, 2019
Regulatory Compliance. A panel of independent judges with deep industry expertise will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Debt Management. Decision Management Innovation. by FICO.
Security Awareness Training: What It Is, Its Importance & How to Implement It
Seon
SEPTEMBER 28, 2023
Key Topics for a Security Awareness Program A security awareness program should focus on strong, up-to-date cybersecurity compliance, equipment, and measures and ensure a level-headed and well-informed workforce. Key topics include: Latest regulatory compliance updates : The most recent news about security authorities and their protocols.
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Video: Explore Better Decisions with AI at FICO World 2019
FICO
JUNE 19, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions with AI and optimizing business results.
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