Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. With an increase in the number of reports required, it’s easy for businesses to fall behind. This is crucial for demonstrating transparency and a commitment to compliance.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Upgrading these systems requires significant investment and can disrupt existing operations. Regulatory Compliance The insurance industry is heavily regulated, and new technologies must comply with existing regulations.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Firms are not only required to keep up with changing technologies, but they also need to stay on top of increasingly complex requirements. Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

The Fintech Times

JANUARY 25, 2024

Aside from the issues firms have reported around their financial control processes, institutions also revealed concerns about their data quality, particularly regarding meeting regulatory reporting requirements. We look forward to completing the survey in 2025 to see how respondents have progressed.”

Process 64

Process Audit Regulatory Compliance Consulting 64

The Fintech Times

JULY 31, 2024

The evolving nature of fintech regulations requires platforms to be agile, constantly updating their compliance strategies to align with new laws and guidelines. Balancing regulatory compliance with innovation is critical to maintaining the trust of users and regulators alike.”

Compliance 64

Compliance AML Regulations Due Diligence 64

Neopay

APRIL 8, 2024

Additionally, the Financial Conduct Authority (FCA) plans to impose reporting requirements on affected firms, enhancing monitoring effectiveness. Additionally, they should begin assessing how the regulatory changes will impact their internal fraud frameworks, including policies, due diligence processes, and training.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

The Fintech Times

SEPTEMBER 4, 2024

. “Rising costs are driven by different factors for every organisation, often being dependent on the industries they operate in, such as financial services or healthcare, which have more stringent reporting requirements and heavier fines. ” The post What are the Biggest Challenges Facing Compliance Teams?

Compliance 64

Compliance Rules Regulations Cybersecurity 64