Neopay

APRIL 8, 2024

Extended Due Diligence : More time for conducting due diligence checks on suspected fraudulent transactions leads to a stronger evidence base for rejection.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

Seon

SEPTEMBER 20, 2023

According to McKinsey, banks use up to 40% of their onboarding time on KYC and due diligence processes. KYC onboarding is, therefore, an act of customer due diligence and enhanced due diligence. No customer wants to encounter it when they sign up with an organization.

Process 52

Process Due Diligence AML Verification 52

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. Thanks for taking time out to talk to us. REP-CRIM has been extended to a lot more firms.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

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

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Segpay

OCTOBER 18, 2023

A payment processor that includes risk management, KYC/AML, and Customer Due Diligence services and robust fraud detection solutions in their value proposition helps merchants reduce costs and prevent the nightmare of accidentally becoming an aggregator for criminals.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Seon

JULY 10, 2024

In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions. However, the two often overlap, as both contribute to an organization’s overall risk management and compliance efforts. What’s the Role of Machine Learning in Fraud Monitoring?

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Fintech Finance

MAY 21, 2024

Automate Customer Due Diligence (CDD) requirements and identify high-risk entities by classifying a business’ industry and conducting screening for adverse media, U.S. They use Middesk to verify the legitimacy of businesses they work with, while adhering to strict regulatory compliance requirements.

UCC 52

UCC Payment APIs and Integration Due Diligence Verification 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. However, by conducting proper due diligence, regularly updating controls, and learning from other institutions’ mistakes, firms may find it easier to sleep at night.

Due Diligence 52

Due Diligence Privacy Compliance Regulatory Compliance 52

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

Fintech Labs Insights

MARCH 24, 2016

You say you wanna revolution in due diligence, but would love to see the plan? OutsideIQ has leveraged its strengths in cognitive computing and natural language processing to deliver an automated due diligence solution, DDIQ. Finovate: What problem does OutsideIQ solve? Finovate: How does DDIQ solve the problem better?

Due Diligence 14

Due Diligence Audit Regulatory Compliance Automation 14

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 64

Compliance AML Regulations Due Diligence 64

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. As such, it is part of an organization’s due diligence. Transactions that can be linked to terrorist financing can be elevated from conventional AML due diligence to advanced AML due diligence.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Fintech News

FEBRUARY 21, 2024

MAS’ consultative approach in liaising with the financial sector and refining the Bill, coupled with its commitment to balancing regulatory efficacy with industry viability, sets a benchmark for regulatory compliance unlike the rest of the region.

Financial Crimes 109

Financial Crimes Crime Authorization Consulting 109

The Paypers

FEBRUARY 11, 2018

(The Paypers) Shyft has rolled out an open and unified blockchain framework for the standardization of regulatory, compliance, and due diligence mandates for KYC and AML.

AML 28

AML Due Diligence Blockchain Regulatory Compliance 28

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 Palo Alto-based firm on Tuesday (Sept. The announcement comes on the heels of Jumio’s Sept. That’s the real promise of this partnership.”.

Financial Crimes 61

Financial Crimes AML Crime Money Laundering 61

The Fintech Times

SEPTEMBER 14, 2024

Hilary Wandall , chief ethics and compliance officer at Dun & Bradstreet “AI is beginning to play a pivotal role in streamlining certain regulatory compliance processes within the fintech industry.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

The Payments Association

SEPTEMBER 30, 2024

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. Simultaneously, the complexity of navigating scheme fees, regulatory compliance, and fraud prevention remains a significant challenge. What’s next?

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

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

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

FICO

FEBRUARY 11, 2019

APC Intelidat, the credit bureau in Panama, will soon provide regulatory compliance capabilities to its customers and fight financial crime in Panama with a FICO solution.

Financial Crimes 40

Financial Crimes Crime Due Diligence Money Laundering 40

FICO

JULY 21, 2020

Compliance teams want to: Be compliant with anti-money laundering regulations to protect their reputation and avoid fines. Apply the appropriate level of due diligence, taking into account if the customer is a Politically Exposed Persons (PEPs) or a subject of adverse media or offshore leaks. by Frank Holzenthal.

Compliance 52

Compliance Money Laundering Regulatory Compliance Due Diligence 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. Accuracy and Reliability : Nanonets prioritizes accuracy and reliability in balance sheet reconciliation.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Seon

MAY 10, 2024

Efficient case management systems can pre-populate SARs with information from custom fields, leveraging generative AI to write SAR narratives and direct filing with regulatory authorities. What is AML Compliance? When classified as high risk, Enhanced Due Diligence (EDD) is performed to provide a deeper analysis of the potential risks.

AML 52

AML Money Laundering SARS Suspicious Activity Report (SAR) 52

FloQast

APRIL 12, 2024

Remember, the goal of the S-1 filing is not just regulatory compliance but to lay a foundation of transparency and trust with your future investors. The Securities and Exchange Commission may submit multiple rounds of comments, and you may have to make several rounds of revisions before the SEC deems your Form S-1 effective.

Underwriting 52

Underwriting Indemnification Due Diligence Regulatory Compliance 52

Nanonets

DECEMBER 13, 2023

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

AI Process Fraud Detection Compliance 102

FICO

DECEMBER 6, 2019

It is the responsibility of the banks that provide those services to carry out due diligence, to meet their legal obligations under AML regulation. Companies set up to launder money or facilitate other criminal behaviour will still need financial services, including bank accounts.

AML 52

AML Checks Due Diligence Money Laundering 52

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. This technology can significantly reduce costs, minimise disruptions, and enhance regulatory compliance.

AI 112

AI Risk Non-Bank On-Demand 112

FICO

SEPTEMBER 16, 2020

We can see that addressing the competing needs of regulatory compliance and customer experience remains a balancing act for most institutions. Banks are challenged by the need for more information to deal with high rates of alerts from ineffective systems, while not vexing customers with incessant due diligence questions.

Money Laundering 52

Money Laundering Financial Crimes AI APACS 52

M2P Fintech

JANUARY 4, 2024

Streamline the onboarding process by integrating product details and conducting due diligence concurrently. Ensure Secure Co-branded Operations Construct a secure and controlled platform for fintech operation by streamlining program operations, regulatory compliance, infrastructure, accounting, and KYC.

Credit Cards 59

Credit Cards FinTech Due Diligence Compliance 59

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. customers are automatically categorized into a risk bucket.

AML 40

AML Compliance AI Money Laundering 40

PYMNTS

FEBRUARY 13, 2019

.” Indeed, researchers have found evidence that companies are struggling to manage the growing weight of KYC, anti-money laundering (AML) and other financial regulatory compliance demands.

Money Laundering 64

Money Laundering AML Economy SWIFT 64

FICO

MAY 20, 2021

Automated data gathering for investigations Due diligence, transaction monitoring and/or sanctions. Pre-defined investigation workflow Get the right alerts to the right skill set. Route alerts to differently skilled teams (or geographic location) based on alerts’ priority. Collect data from internal and external sources.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

Nanonets

SEPTEMBER 22, 2023

Conducting thorough due diligence on potential vendors can help uncover any red flags or potential risks. This can include assessing their financial stability, reputation in the industry, compliance with  regulatory requirements , and past performance with other clients.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

PYMNTS

NOVEMBER 19, 2019

The Compliance Burden Proliferates. FIs, especially smaller banks and credit unions, are increasingly finding it valuable to outsource this compliance burden to a third-party technology partner that is able to provide the level of ongoing, consistent due diligence required for high-risk, traditionally cash-intensive businesses.

Compliance 43

Compliance Legal Payments Due Diligence 43

Fintech Labs Insights

FEBRUARY 21, 2017

In addition to the funding, Mundi will provide due diligence support and will offer Qumram access to corporate executives, new markets, and new customers via the Mundi Club, a global network of 500+ Spanish business leaders. and U.S.A.

Due Diligence 15

Due Diligence Fraud Detection Regulatory Compliance Compliance 15

Fintech Labs Insights

NOVEMBER 12, 2015

When investors find what they are interested in, they can dig deeper and conduct the necessary due diligence. They can find out which have added the offering to be tracked, which have conducted due diligence, and so on. The Future.

Due Diligence 26

Due Diligence Accreditation Regulatory Compliance Regulations 26