FloQast

MARCH 21, 2024

The act established the Public Company Accounting Oversight Board (PCAOB) and implemented other requirements to improve the accuracy and reliability of financial statements and corporate disclosures. While compliance is non-negotiable for public companies, SOX compliance costs can be substantial.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Firms are not only required to keep up with changing technologies, but they also need to stay on top of increasingly complex requirements. Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

PYMNTS

DECEMBER 29, 2020

Avalara , a tax compliance software firm with a focus on the business sector, said on Tuesday (Dec. Avalara’s acquisition of INPOSIA Solutions is expected to enhance its offerings, with the German software company focused on “e-invoicing, digital tax reporting, and business and data integration,” the companies said.

Compliance 85

Compliance Acquirers Near Real-Time On-Demand 85

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. SatchelPay announced last week that the central bank has given the company the green light to resume operations.)

Compliance 73

Compliance Regulations FinTech Cross-Border Payments 73

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements 52

Reporting Requirements Credit Risk Risk Compliance 52

VISTA InfoSec

OCTOBER 26, 2023

Let’s explore the critical differences between SOC and SOX compliance. In the realm of information security and financial reporting, compliance enables organizations to build trust and transparency with stakeholders. Now let’s look at SOC compliance. It applies to all U.S. What is SOC?

Audit 130

Audit Compliance Laws Governance 130

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. What are PCI Compliance Levels, and why do they matter?

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

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. Supporting the aggregation and transmission of data for regulatory compliance is one part of this process.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

The Fintech Times

APRIL 25, 2024

Although CTCs were initially focused on addressing inaccuracies in domestic transactions, their scope is expanding to better combat fraud and monitor compliance in a range of other areas, including international transactions, to address the thorny issue of the ‘VAT gap’. This in itself is a major hurdle for businesses.

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

Fintech News

OCTOBER 21, 2024

Presently only targeting large firms, compulsory reporting requirements will increasingly include a larger set of firms. Many SMEs are already required to collect sustainability information due to the trickle-down effect on the whole supply chains of larger firms.

Finance 77

Finance Blockchain FinTech Regulations 77

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo. .

Compliance 46

Compliance Regulatory Compliance Authorization On-Demand 46

Fintech News

JULY 17, 2024

The enhanced anonymity features of privacy coins make them particularly attractive to illicit actors, posing significant challenges for law enforcement and compliance professionals. Transfers Just Under Reporting Thresholds The report highlights noticeable surges in transfers just below the US$1,000, US$3,000, and US$10,000 thresholds.

Money Laundering 106

Money Laundering Law Enforcement AML Non-Bank 106

Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Regulatory Compliance The insurance industry is heavily regulated, and new technologies must comply with existing regulations. Regulatory compliance can slow down the adoption of new technologies and increase operational costs.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

The Paypers

JANUARY 14, 2019

(The Paypers) Banque Palatine , a subsidiary of Groupe BPCE, has selected AxiomSL ’s platform to comply with AnaCredit reporting requirements in France.

Compliance 28

Compliance Reporting Requirements 28

FloQast

DECEMBER 13, 2023

It’s the boldest attempt to regulate the conduct and financial reporting of public companies in the United States since the Great Depression. In this comprehensive guide, we cover all you’ll need to know about SOX compliance. July 25, 2002 Both houses approve the Conference Committee Report.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Finovate

SEPTEMBER 18, 2024

This requirement aims to prevent disruptions to operations, as what we saw in the Synapse bankruptcy case earlier this year. Heightened money laundering The document also emphasizes that banks must exercise strengthened internal controls and anti-money laundering (AML) compliance requirements.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation 52

Automation Duplicate Finance Best Practices 52

The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements. We look forward to completing the survey in 2025 to see how respondents have progressed.”

Process 64

Process Audit Regulatory Compliance Consulting 64

Finovate

FEBRUARY 21, 2024

Kani’s technology automates back office processes, enabling financial institutions and financial services companies to more easily fulfill their compliance reporting obligations. The pact will make Kani’s SaaS platform available to Pismo’s clientele of banks, marketplaces, and fintechs.

Reconciliation 69

Reconciliation Payments APACS Automation 69

PYMNTS

JANUARY 22, 2021

regulators to tighten the financial reporting requirements of banks and other financial services providers. The company has invested some $100 million since 2012 to enhance its own compliance programs following allegations of consumer fraud. MoneyGram is in favor of a proposal by U.S.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

The Paypers

APRIL 6, 2017

(The Paypers) Failure to obtain a Legal Entity Identifier - LEI in time will prevent companies from being able to comply with the reporting requirements applicable in the EU as of 3 January 2018, GLEIF has announced.

Legal 28

Legal Compliance Reporting Requirements 28

Nanonets

MAY 7, 2024

This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors. Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

Nanonets

SEPTEMBER 21, 2023

From  technology  adoption to  compliance  with  regulations , we will delve into various strategies that can help businesses overcome  accounting  hurdles and achieve financial success. Non-compliance with Regulations Compliance with accounting regulations is essential to avoid legal issues and penalties.

Accounts 52

Accounts Audit Payroll Compliance 52

Global Fintech & Digital Assets

NOVEMBER 2, 2023

According to FinCEN, mixers are generally required to register with FinCEN if they do business as money transmitters wholly or in substantial part in the US. It would also be required to maintain any records documenting compliance with the requirements of the NPRM.

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52

The Fintech Times

FEBRUARY 12, 2024

The actions taken by the FSRA address failures (to the extent applicable in each case) to: follow due diligence procedures as required by the Regulations; keep records of the performance of due diligence; report required information in a complete and accurate manner; and/or submit the required annual information return.

Distributed Ledger Technology (DLT) 59

Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59

Nanonets

JULY 25, 2023

Financial reporting automation refers to the use of technology and software tools to streamline and automate the process of preparing and analysing financial reports. It involves automating repetitive tasks, data collection, data consolidation, report generation, and ensuring accuracy and compliance.

Automation 52

Automation Compliance Process Government 52

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented. Cross Border Complexity.

Posting 53

Posting Cross-Border Compliance Facilitators 53

Nanonets

NOVEMBER 29, 2023

These processes, which encompass the review, modification, and finalization of documents, are critical in ensuring that business operations run smoothly and adhere to necessary compliance standards. These processes impact everything from internal communications and contract negotiations to financial reporting and project management.

Automation 52

Automation Compliance Legal Process 52

PYMNTS

AUGUST 14, 2019

The data that casinos have the power to feed into the system under Banking Secrecy Act reporting requirements in the form of suspicious activity reports (SARS), he noted, not only has the power to keep the work of legal gambling a transparent and compliant place. The Team Oriented Nature Of Compliance .

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

Nanonets

SEPTEMBER 23, 2023

Simplifying Tax Compliance with Accounting Software Accounting software can simplify tax compliance for small businesses, ensuring accurate records and reducing the risk of penalties. By automating tax calculations and generating reports, accounting software streamlines the process of preparing and filing tax returns.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

FEBRUARY 9, 2024

Still, effective implementation depends on a nuanced understanding of controls and the ecosystem surrounding ICFR – which this guide looks at as an orientation and an initial jumping-off point to long-term financial compliance.   Ultimately, remember that ICFR is more than compliance. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

Neopay

APRIL 8, 2024

Additionally, the Financial Conduct Authority (FCA) plans to impose reporting requirements on affected firms, enhancing monitoring effectiveness. The extension in processing time provides PSPs with the opportunity to halt fraudulent transactions promptly. This is especially crucial in combating the rapid actions of APP Fraudsters.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

PYMNTS

DECEMBER 3, 2019

The BSA establishes recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

The Paypers

MARCH 15, 2017

(The Paypers) Miura Consulting has teamed up with SAS to release a regulatory portal that identifies and supports all of the new compliance and reporting requirements for MiFID II.

Reporting Requirements 28

Reporting Requirements Consulting Compliance 28

PYMNTS

JANUARY 30, 2019

Then the first money laundering directives came out, which started to mandate more and more in the realm of customer due diligence, so the company added a compliance check. GDC, for instance, started out with a solution set for know your customer (KYC) in an eCommerce use case where the company was conducting high-velocity ID verification.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74