Neopay

MARCH 7, 2024

Due diligence and monitoring: Policies lack specificity, leading to ambiguity in the actions required for compliance with MLRs, particularly concerning due diligence, ongoing monitoring, and the establishment of effective procedures.

AML 52

AML Financial Crimes Crime Risk Assessment 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 FDIC Compliance 52

PYMNTS

SEPTEMBER 29, 2020

Jumio said it plans to integrate Beam’s AML screening and transaction monitoring services into its KYX platform to help flag financial crime and streamline regulatory compliance. The announcement comes on the heels of Jumio’s Sept. The financial terms of Jumio ’s acquisition of Beam’s AML platform were not disclosed.

Financial Crimes 61

Financial Crimes AML Crime Money Laundering 61

The Fintech Times

SEPTEMBER 19, 2024

“This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. Risk orchestration provides a strategic approach that enables seamless compliance and fraud management for financial institutions.

Risk 58

Risk Financial Crimes AML Risk Management 58

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Fintech Times

JULY 31, 2024

Julie Cunningham, founder and CEO of Portend As Julie Cunningham , founder and CEO of due diligence platform Portend , explains: “Fintech impact platforms often grapple with complex regulatory landscapes. Balancing regulatory compliance with innovation is critical to maintaining the trust of users and regulators alike.”

Compliance 63

Compliance AML Regulations Due Diligence 63

Fintech News

FEBRUARY 21, 2024

Moreover, the proposed regulatory oversight on Capital Markets Service License CMSL holders conducting unregulated business activities addresses potential contagion risks, illustrating MAS’s proactive stance in mitigating systemic risks within the financial ecosystem.

Financial Crimes 104

Financial Crimes Crime Authorization Consulting 104

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

EBizCharge

JULY 3, 2024

Regulatory Compliance Maintaining regulatory compliance is critical, given the ever-evolving nature of industry-specific legislation and standards. Businesses must, therefore, conduct due diligence in assessing the security protocols of their chosen billing providers to mitigate potential data vulnerabilities.

Regulatory Compliance 52

Regulatory Compliance Due Diligence Process Compliance 52

Nanonets

APRIL 29, 2024

Regulatory Compliance : Compliance with regulatory standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) is non-negotiable for businesses. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Audit 52

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence.

AI 102

AI Process Fraud Detection Compliance 102

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. Banks must proactively plan and adapt to mitigate these risks effectively. Banks are now implementing generative AI strategies and reporting impressive results.

AI 108

AI Risk Non-Bank On-Demand 108

FICO

SEPTEMBER 16, 2020

In fact, 20 percent of respondents picked this as their principal obstacle in meeting financial crime risk mitigation targets. We can see that addressing the competing needs of regulatory compliance and customer experience remains a balancing act for most institutions.

Money Laundering 52

Money Laundering Financial Crimes AI APACS 52

FICO

FEBRUARY 14, 2017

I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. Based on the categorization, the right level of due diligence is being applied, with riskier customers getting more due diligence. That’s what a compliance officer is looking for.

AML 40

AML Compliance AI Money Laundering 40

EBizCharge

JULY 29, 2024

Compliance with industry standards and investment in secure payment technology are necessary to mitigate these risks. Compliance requirements: Local and international regulations, such as anti-money laundering (AML) and knowing your customer (KYC) laws , can complicate B2B transactions.

Product 52

Product Payments Electronic Funds Transfer (EFT) Compliance 52

PYMNTS

NOVEMBER 19, 2019

Legal cannabis companies not only require more stringent Know Your Customer (KYC) and other financial regulatory compliance initiatives at the time of onboarding, but every transaction that occurs with that company must be analyzed for compliance as well in an ongoing initiative to mitigate risk and promote security.

Compliance 43

Compliance Legal Payments Due Diligence 43

The Fintech Times

FEBRUARY 19, 2024

As regulatory compliances are updated, fintechs and payment platforms with robust currency management programs, multiple licences and MCCY IBAN’s will become more popular with businesses engaged in global trade. . Can any risks be mitigated pro-actively? Keeping up with regulations will also be vital.

Cross-Border Payments 68

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 68

PYMNTS

MAY 14, 2018

The cannabis industry is an entirely different animal and needs an entirely new kind of compliance model to be taken seriously and to mitigate the risks for everyone involved.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need. policymakers in 2014.

Legal 52

Legal Fincen Compliance Due Diligence 52