Fintech Finance

SEPTEMBER 18, 2024

This will empower AutoRek to be at the forefront of regulatory changes and reporting requirements for clients. Through this agreement, Capgemini will mobilize its team of experts on AutoRek’s reconciliation solution and guide AutoRek’s clients with day-to-day support of implementations.

Reconciliation 52

Reconciliation Payment Reconciliation Cash Management Agreements 52

The Payments Association

OCTOBER 23, 2024

Firms with agents or distributors may require additional liquidity for safeguarding. Firms may be required to diversify their safeguarding providers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Payments Association

OCTOBER 11, 2024

The first stage, interim rules, focuses on enhancing compliance with existing safeguarding requirements, while the second stage, the end-state rules, introduces more robust measures that will reshape how firms protect consumer funds. ” This exercise will help firms identify the areas that need to be addressed to meet the new standards.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

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

FloQast

MAY 7, 2024

“Implementing FloQast has proven invaluable during financial audits since it ensures all reconciliations are completed and well-documented. Close software can significantly reduce reconciliations pressure by adding not only automated speed and accuracy to the process, but a range of useful functionalities.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

PYMNTS

APRIL 26, 2019

Procurement and spend management strategies are important to helping these schools comply with reporting requirements, prepare for audits and show judicial usage. .

Issuers 46

Issuers Reconciliation Audit Reporting Requirements 46

Fintech Finance

MARCH 7, 2024

Overall, we can better manage liquidity, risk and reporting requirements. We have automated reconciliation, taking into account any receipts or payments against actual balances that are derived from the up-to-date bank statements.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

Fintech Finance

JUNE 6, 2024

The complexity problem and the customisation solution The top three spend management challenges faced by large companies (5,000-25,000+ employees) is complexity created by reconciliation, ineffective software and human error. This creates clear challenges for C-Suite and financial leaders for the financial management at global enterprises.

Accounts 52

Accounts Reconciliation Compromise Finance 52

Nanonets

SEPTEMBER 21, 2023

To overcome this problem, businesses should prioritize data accuracy and implement robust ERP solutions that automate data entry and reconciliation processes. By utilizing advanced  software , businesses can minimize material errors, ensuring accurate financial reporting.

Accounts 52

Accounts Audit Payroll Compliance 52

PYMNTS

MAY 23, 2018

Reconciliation must be noted. Compliance and reporting requirements create a crossover between payroll, banking and accounting systems. When an organization wants to push money out to somebody, it’s because that person did something for the company — and the work completed must be tracked from an accounting perspective.

Interoperability 40

Interoperability Push-to-Card Economy Reconciliation 40

Finovate

SEPTEMBER 18, 2024

Banks have long been subject to strict regulations and reporting requirements. ” The second truth today’s proposed rulemaking underscores is that the financial services industry needs a national fintech charter that can monitor, regulate, and enforce third parties that manage and handle consumer funds. .”

Rules 52

Rules FDIC Non-Bank Money Laundering 52

FloQast

JANUARY 22, 2025

Regulatory Complexity and Increased Reporting Requirements Put a Strain on Resources Regulatory requirements are constantly evolving, and reporting requirements are becoming increasingly complex. These are two areas where AI and automation really shine.

Accounts 52

Accounts AI Automation Audit 52

EBizCharge

AUGUST 23, 2024

Reporting and analytics Manual accounting: Generating reports requires manual complication and calculations, which can be time-consuming and less detailed. Automated accounting: Allows for quick and detailed reporting with built-in analysis tools. Analyzing data manually is more challenging and less efficient.

Automation 52

Automation Accounts Encryption Transactions 52

Nanonets

JULY 25, 2023

By freeing up time previously spent on manual data entry and reconciliations, professionals can focus on value-added activities such as data analysis, strategic decision-making, and providing insights to support business growth. Enhanced Data Integrity : Automation reduces the risk of data inconsistencies in financial reports.

Automation 52

Automation Compliance Process Governance 52

Nanonets

DECEMBER 29, 2023

Then Nanonets will reconcile and match internal records or transactions or payments with bank accounts, credit card statements, or other sources for account reconciliation.    Schedule and make global electronic payments in a choice of currencies using efficient, large batches with Nanonets.

Automation 59

Automation Accounts Checks AI 59

Nanonets

SEPTEMBER 23, 2023

The software can generate crucial documents such as W-2s, 1099s, and sales tax reports, simplifying the filing process and ensuring compliance with reporting requirements. It offers features like online invoicing, bank reconciliation, inventory tracking, and customized financial reporting.

Small Business 52

Small Business Accounts Automation Compliance 52

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Top features: Real-time feeds on existing credit cards Reimburses employees on time with ACH payments Pros: Real-time credit card reconciliations for cards like Visa, Mastercard, AmEx, etc.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

FEBRUARY 9, 2024

An assessment of the control evaluation that includes fraud detection reports, bank statements, reconciliation data , etc. It may include approvals, authorizations, reconciliations, and similar controls. Scope and methodology describing how the company validates internal controls. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

Nanonets

SEPTEMBER 23, 2023

Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements. These systems enable organizations to automate encumbrance tracking, generate accurate reports, and facilitate data reconciliation.

Accounts 52

Accounts Government Governance Payroll 52

FloQast

DECEMBER 13, 2023

Examples of control activities include: Approvals Authorizations Verifications Reconciliations Asset security Segregation of duties 4. Ineffective IT Environment : A reliable and effective IT infrastructure can go a long way in supporting the day-to-day operations of the company, besides facilitating financial reporting requirements.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

JANUARY 17, 2024

The Sync Symphony: Seamless integration with your accounting software and other apps turns data entry and reconciliation into a harmonious symphony rather than a chaotic cacophony. Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Neopay

APRIL 14, 2025

This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. The end-state rules bring about a significant change by replacing the existing safeguarding requirements with a statutory trust model, similar to the FCA’s Client Assets Sourcebook (CASS).

Audit 59

Audit Due Diligence Compliance Rules 59

FloQast

DECEMBER 18, 2024

Maintaining a high standard of reporting requires accounting teams to optimize their close process, eliminating inefficiencies and delays wherever possible, adapting to changes in the regulatory landscape, and seizing opportunities created by advances in accounting technology. Team members dont know what needs to be done.

Close Processes 98

Close Processes Process Accounts Adjustments 98

The Payments Association

APRIL 14, 2025

Manual or fragmented processes will become increasingly untenable, placing greater reliance on automation, straight-through processing (STP), and near-instantaneous reconciliation. The offence applies to large organisations meeting specific criteria, including employee count and financial thresholds.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88