article thumbnail

HIPAA Disaster Recovery Planning

VISTA InfoSec

However, ePHI is vulnerable to threats like cyber attacks and natural disasters, making disaster recovery planning (DRP) vital. Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. It’s not as complicated as it sounds!

article thumbnail

Oradian Pioneers Next-Gen Financial Services with Local Flair in the Philippines

Fintech News

This local presence does wonders, from ensuring that Oradian is smoothly aligned with local regulatory compliance, to enabling easily accessible customer support and community engagement. Oradian chose Makati for their office to be strategically situated right in the heart of the Philippines financial hub.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

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.

article thumbnail

Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

This involves technological considerations, business alignment, and regulatory compliance. The ManageOne cloud management platform, iDRP automated disaster recovery management platform, and network digital map are essential tools for reducing risks and enhancing O&M capabilities.

Finance 119
article thumbnail

6 Benefits of AI Insurance Claims Processing

Nanonets

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
article thumbnail

What is document workflow management?

Nanonets

From streamlining processes and improving efficiency to enhancing security, compliance, collaboration, and disaster recovery, document workflow management can revolutionize how your business handles its documents. This helps maintain data security, confidentiality, and regulatory compliance.

article thumbnail

What is document digitization and how can it improve productivity?

Nanonets

Regulatory compliance and auditing Compliance with industry regulations and retention policies is critical for businesses. Determine the reasons for digitizing your documents, such as improving efficiency, enhancing data accessibility, or ensuring regulatory compliance.

Product 52