Fi911

NOVEMBER 7, 2023

On the global stage, the Financial Action Task Force (FATF) , an initiative backed by the G7, is at the forefront of facilitating international cooperation against money laundering and terrorist financing. As per US legislation, this compliance is obligatory for: US-based financial establishments, inclusive of their overseas branches.

AML 52

AML Compliance Money Laundering OFAC 52

Fintech Finance

MARCH 12, 2024

standards is not just about compliance but a stride towards payment modernization – offering opportunities for better payment experiences and enabling the adoption of emerging technologies while bolstering protection against cyber threats. Compliance appeared first on Fintech Finance. Adhering to the new PCI DSS v4.0 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

Fintech News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. Sumsub, a global verification provider, has integrated with Chainalysis, a blockchain data platform.

Transactions 109

Transactions Security Deepfake Travel Rule 109

Fintech Review

JUNE 25, 2024

Smart Contracts: Automating Financial Agreements Smart contracts represent a pivotal advancement facilitated by blockchain technology. Smart contracts streamline these operations by automating payments, ensuring compliance, and reducing administrative costs.

Blockchain 95

Blockchain Technology Cross-Border Innovation 95

Fintech News

MAY 12, 2024

The company plans to launch XREX Pay, a platform designed to facilitate B2B payments and remittance services. ” Wayne Huang Wayne Huang, XREX’s Co-founder and Group CEO said, “The MPI license is a testament to our unwavering commitment to the highest regulatory compliance standards.

Cross-Border 109

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 109

Fi911

FEBRUARY 29, 2024

In today’s digital marketplace, where online transactions form the backbone of commerce, it’s imperative for professionals in banking and finance to grasp the essentials of documents and tools that facilitate these seamless and secure exchanges. It facilitates operational excellence, risk mitigation, and regulatory compliance.

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VARS Payment APIs and Integration Regulatory Compliance Gateways 67

The Fintech Times

AUGUST 2, 2024

The new licence enables Flutterwave to facilitate seamless and secure money transfers, provide direct collection and payout services, and offer automated invoicing. This milestone highlights our commitment to regulatory compliance and delivering secure, reliable payment solutions.

Regulatory Compliance 59

Regulatory Compliance Financial Inclusion Payments Facilitators 59

Fintech Finance

MAY 21, 2024

Effective immediately, UK merchants can now facilitate their payments using Bacs direct debits through their Business Accounts. Security and Compliance: Direct debit payments are protected by the Direct Debit Guarantee, which ensures that customers can get their money back if a payment is taken in error.

Accounts 52

Accounts Regulatory Compliance Compliance Automation 52

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says. The tech can also serve as a virtual expert for investigating security data.

Risk Management 108

Risk Management AI Risk Use Case 108

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. For regulatory compliance, they meet AML requirements by monitoring transactions above certain thresholds.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

The Fintech Times

SEPTEMBER 19, 2024

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. Risk orchestration provides a strategic approach that enables seamless compliance and fraud management for financial institutions. Automation supports compliance Sarah A.

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Finovate

FEBRUARY 14, 2024

The California-based company says the purchase not only underscores its commitment to regulatory compliance, but that it will also help bolster its existing product offerings. The company supports live commercial custody offerings in 20 regulatory jurisdictions, and facilitates payments to 70 countries worldwide.

Acquirers 52

Acquirers Regulatory Compliance Settlement Blockchain 52

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.

Privacy 130

Privacy Compliance Legal Best Practices 130

Fintech Finance

APRIL 11, 2024

The solution provides a secure and efficient payment experience for customers, whilst ensuring regulatory compliance for institutions. SurePay is the most trusted Confirmation of Payee (CoP) provider in the UK, and Verification of Payee (VoP) provider in the EU, and has facilitated billions of checks across Europe.

Payee 52

Payee Verification Payment APIs and Integration IBAN 52

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

Nanonets

NOVEMBER 15, 2023

The two differ in terms of regulatory compliance and maintaining cash flow. Regarding compliance, various industries and organizations are subject to specific rules and regulations governing how funds are distributed and repaid. only reimbursements are subject to VAT treatment and tax regulatory compliance.

Regulatory Compliance 52

Regulatory Compliance Compliance Correspondent Governance 52

The Paypers

MARCH 5, 2020

Emirates SkyCargo has unveiled it is working with Accuity to help automate and facilitate its regulatory compliance screening operations.

Compliance 28

Compliance Regulatory Compliance Facilitators Automation 28

The Fintech Times

FEBRUARY 8, 2024

The DeepTech Venture Studio will receive dedicated support from the Ministry of Investment of Saudi Arabia through the facilitation of entrepreneurial licences and the entrance of companies under Saudi laws and regulations, including connecting with key government stakeholders, strategic partners as well as investors.

Regulatory Compliance 69

Regulatory Compliance Legal Laws Facilitators 69

Fintech Review

SEPTEMBER 9, 2024

With attributes such as best liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of delivering a reliable trading experience for the global crypto community.

Regulatory Compliance 52

Regulatory Compliance Cryptocurrency Security Facilitators 52

Neopay

MARCH 22, 2024

UK competitiveness and growth: Efforts will be directed towards enhancing the attractiveness and accessibility of UK wholesale markets, facilitating firm investment and innovation, and streamlining the authorisation process for firms.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

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.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

JANUARY 6, 2021

This investment will contribute not only to the quality of the bank’s decisions, but also to its ability to demonstrate regulatory compliance of every decision and every model.”.

Governance 52

Governance Government Regulatory Compliance Compliance 52

Finovate

APRIL 10, 2024

Banks need to ensure that their partners comply with data protection regulations and stay up-to-date on regulatory changes. To verify ongoing compliance, banks need to implement vendor management practices to oversee the compliance efforts of their BaaS providers and mitigate risks on both sides.

Due Diligence 52

Due Diligence Privacy Compliance Regulatory Compliance 52

The Fintech Times

JULY 7, 2024

For us, investor protection has been paramount, and we have distinguished ourselves in India with unwavering compliance. Since the start of BitOasis, trust and regulatory compliance have been a key pillar in our mission to drive crypto adoption across MENA.

SARS 59

SARS Regulatory Compliance Volume Compliance 59

Nanonets

APRIL 29, 2024

You know that untangling this web of numbers is not just about ensuring compliance; it's about safeguarding the financial health and reputation of your organization.   This facilitates data flow and minimizes disruptions to your current workflows.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Segpay

OCTOBER 18, 2023

Let’s have a look at some of the risks that merchants face if transaction launderers are abusing their online business: Legal and Regulatory Consequences: Legal Liability : Merchants could be legally liable for facilitating illegal transactions through their accounts.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Fintech Finance

MAY 29, 2024

Rehana Mitha, Managing Director of Edenred Payment Solutions states : “Edenred Payment Solutions has been quietly facilitating payments and embedded finance solutions for forward-thinking businesses for the last 15+ years.

Payment Solutions 52

Payment Solutions Embedded Finance Regulatory Compliance Payments 52

Fintech Review

AUGUST 27, 2024

.” – Cyber managing partner and former Lido cofounder Konstantin Lomashuk With this latest round, Legion is building its reputation system and accountability layer, and securing the necessary VASP/CASP licenses to facilitate pre-token fundraising rounds and token sales for non-accredited investors under MiCA.

Bots 52

Bots Accreditation Regulatory Compliance Participant 52

M2P Fintech

JANUARY 31, 2024

These modules work together to ensure that banking operations run smoothly, delivering efficiency, accuracy, and security. Here are the 7 modules that aid the FIs processes and facilitate day-to-day banking operations. 1. Its primary function is to maintain all accounting entities in balance and turnover.

Fraud Detection 59

Fraud Detection CRM Regulatory Compliance Compliance 59

Clearly Payments

FEBRUARY 14, 2024

In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. In 2023, Visa alone facilitated a staggering $18.6 billion by 2027, but they face challenges in keeping up with technology and compliance.

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Payments BNPL Value Added Service Payment Gateways 104

Fintech News

FEBRUARY 26, 2024

While a majority view their regulatory landscape as adequate, with 63% of surveyed fintechs rating it favourably (with 36% even lauding their regulatory environment as a major supporting factor of their operational growth in recent years), a considerable segment finds aspects of regulatory compliance, licensing, and registration to be burdensome.

FinTech 139

FinTech Consumer Financial Inclusion On-Demand 139

Fintech Finance

MAY 21, 2024

As such, it offers a secure and efficient payment experience for customers and improved business efficiencies, as well as regulatory compliance. SurePay is the most trusted Confirmation of Payee (CoP) provider in the UK, and Verification of Payee (VoP) provider in Europe, and has facilitated over 7.5

Payee 52

Payee Verification Regulatory Compliance Scams 52

Segpay

FEBRUARY 21, 2024

Generative AI and KYC Compliance: Source: legalbusinessworld Data Analysis Generative AI improves automated KYC procedures by analyzing vast datasets efficiently. Risk Monitoring The integration of generative AI in KYC also facilitates continuous monitoring of customer behavior, allowing PSPs to adapt to evolving risks dynamically.

AI 105

AI Innovation Fraud Detection Encryption 105

Clearly Payments

APRIL 20, 2024

This transparency is fundamental in enabling merchants to make informed decisions and facilitates a transparent relationship between merchants and payment processors. The FCAC reports minimal violations annually, indicating high compliance levels across the industry. The way payment processing is charged in Canada is quite varied.

Processors 105

Processors Debit Card Payments Credit Cards 105

EBizCharge

JULY 3, 2024

Payment options may include credit/debit cards, bank transfers, or other payment methods facilitated by the third-party billing company, which often enables no-fee credit card processing for the customer. Ensuring Compliance with Industry Regulations Navigating the complex web of industry regulations can be daunting.

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Regulatory Compliance Due Diligence Process Compliance 52

Clearly Payments

JANUARY 10, 2024

This approach is commonly used by eCommerce platforms, point-of-sale (POS) systems, and other software that facilitates online or in-person payments. These barriers to entry are substantial, encompassing technological, regulatory, and competitive aspects.

Processors 105

Processors ISOs Embedded Finance Payments 105

Nanonets

APRIL 1, 2024

Bank reconciliation aids in compliance with accounting standards and facilitates audits by providing a clear overview of the financial activities for the year or any financial period.  This integration enhances data accuracy and eliminates manual data entry errors, facilitating a seamless reconciliation workflow.

Reconciliation 52

Reconciliation Checks Automation Process 52