Fintech News

JULY 24, 2024

The Step phase involves implementing solutions and procedures for seamless upgrades, migrations, and reconstructions. By automating routine tasks and leveraging AI for complex decision-making, banks can significantly reduce the risk of human error while improving overall operational efficiency.

Finance 117

Finance Risk Mitigation Automation AI 117

Stax

AUGUST 22, 2024

Payfacs need to have regular AML screenings and strictly implement KYC procedures. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Neopay

JUNE 27, 2024

Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management. Key considerations for AML and financial crime compliance include: AML policies and procedures: Develop comprehensive AML policies and procedures that meet the regulatory requirements.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FloQast

DECEMBER 13, 2023

SOX controls , also known as SOX 404 controls, are processes, policies, and procedures aimed to prevent and detect errors in a company’s financial reporting process. In the context of internal controls, risk assessment identifies and evaluates the risks that could prevent the company’s internal controls from operating effectively.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52