Fintech News

MAY 28, 2024

Founded in 2013, Nubank has expanded beyond Brazil into Mexico, with around five million customers, and Colombia, where it recently received approval to operate as a financing company. The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion.

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APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 126

Finovate

AUGUST 16, 2024

Founded in 1816, the financial institution rebranded from Permanent TSB last fall following its acquisition of a sizable portion of Ulster Bank, including the firm’s Retail, SME, and Asset Finance businesses. Vayana, a trade finance platform based in India, raised $20.5 million in funding.

AML 64

AML Disaster Recovery Payments Non-Bank 64

Nanonets

MAY 8, 2023

Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies. The audit trail for a laptop purchase would include the following steps: The hiring manager requests a laptop purchase from the finance department. Disaster recovery is another significant benefit of audit trials.

Audit 52

Audit Procedures Disaster Recovery Reconciliation 52

PYMNTS

MARCH 25, 2019

John Source reported that the Senate Finance Committee voted last week to subpoena AECOM, a prime recovery contractor, after the company’s representatives did not show up at a hearing focused on delayed payments to contractors for FEMA-funded roof repairs. “The In individual company news, in the U.S. Virgin Islands, The St.

Disaster Recovery 40

Disaster Recovery Payments Small Business Addressing 40

Nanonets

APRIL 5, 2023

Finance : In finance, document management workflows can be used to manage invoices, receipts, and financial reports. With DMW, finance teams can streamline their processes, reduce errors, and ensure that financial data is accurate and up-to-date.

Disaster Recovery 52

Disaster Recovery Legal Compliance Automation 52

Nanonets

JUNE 19, 2023

Backup and Disaster Recovery: Implementing robust backup and disaster recovery mechanisms is essential for on-premise automation. Improved Compliance Many businesses operate in industries that are heavily regulated, such as healthcare or finance.

Automation 52

Automation Disaster Recovery Process Security 52

Nanonets

MAY 6, 2024

This article explores how leveraging a dedicated reconciliation software, BlackLine , not only minimises errors and enhances productivity by streamlining workflows and empowering finance professionals to focus on strategic initiatives.     What is BlackLine?  BlackLine

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. AML/CFT : Banks must comply with their existing anti-money laundering and counter-financing of terrorism obligations in connection with providing custodial services.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

The Payment Services Regulations (PSRs), the Electronic Money Regulations (EMRs) and the Money Laundering Regulations (The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017) outline the specific requirements and obligations set by the FCA.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

SEPTEMBER 21, 2023

An  ERP system for small business  acts as a central hub that connects different departments such as finance, sales, inventory, and human resources. This includes involving employees from different departments, such as finance, operations, and sales, to gather valuable insights and ensure their buy-in.

Small Business 40

Small Business Automation Risk Process 40

FloQast

DECEMBER 13, 2023

The purpose of the SPE was to secure financing from the bank and then transfer the cash to Enron for fictitious asset sales. And internal controls are in place throughout all departments of an organization, not just the accounting and finance departments. The CFO must be involved in the risk assessment.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Fintech News

APRIL 20, 2025

They also encouraged institutions to enhance their IT disaster recovery drills by incorporating unscripted scenarios to better reflect real-world incidents. The post MAS Panel Addresses Emerging Tech Risks, Vendor Security for Finance Sector appeared first on Fintech Singapore.

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Addressing Risk Disaster Recovery Security 62