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

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo. .

Compliance 46

Compliance Regulatory Compliance Authorization On-Demand 46

Innovative Payments Association

AUGUST 29, 2024

Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program. These should outline the company's compliance obligations, reporting requirements, and internal controls.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

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

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance. Overall, we can better manage liquidity, risk and reporting requirements.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

PYMNTS

SEPTEMBER 25, 2019

Know Your Customer is another area of compliance friction for these companies, added Wales, as money laundering and terrorist financing become more significant threats to the borrowing and lending space. Which brought Wales to the final major challenge industry players face in the compliance realm: data management.

Compliance 47

Compliance P2P Risk Management Regulatory Compliance 47

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers must gather data to ensure that potential suppliers can meet their procurement needs, but their research does not stop there.

Enrollments 66

Enrollments Crime B2B Money Laundering 66

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 Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. Why is it important?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

APRIL 2, 2024

 Maintaining accurate financial records is crucial for informed decision-making and regulatory compliance, making bank reconciliation an integral aspect of financial management.   This transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation 52

Reconciliation Adjustments Automation Compliance 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 Laws 64

PYMNTS

APRIL 28, 2016

Many are also bound to reporting requirements with the SEC. If the bureau establishes authority in this area, marketplace lenders will need to quickly re-examine their regulatory compliance models and infrastructure.”.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

FloQast

APRIL 12, 2024

By understanding the form’s requirements and meticulously preparing your documentation, you can confidently navigate this process. 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.

Underwriting 52

Underwriting Indemnification Due Diligence Legal 52

FloQast

MARCH 12, 2024

However, there are significant accounting and reporting requirements associated with this structure, so it’s crucial to discuss the decision with your tax advisor, IPO advisor, and legal counsel. This allows pre-IPO investors to maintain flow-through tax benefits, ensure liquidity, and retain control.

Advisors 52

Advisors Due Diligence Audit Legal 52

Nanonets

JULY 25, 2023

Better Compliance and Governance: Automation helps enforce standardized processes and internal controls, supporting regulatory compliance. As data volumes and reporting requirements increase, Nanonets can handle large volumes of data and accommodate changing reporting formats or regulations.

Automation 52

Automation Compliance Process Government 52

Nanonets

NOVEMBER 29, 2023

Healthcare : Patient care plans or medical reports require timely approvals to ensure prompt treatment and adherence to healthcare regulations. Compliance Check: Automated checks for regulatory compliance using custom LLMs. Data Verification: Nanonets AI cross-checks financial data against internal databases.

Automation 52

Automation Compliance Legal Process 52

Nanonets

MAY 7, 2024

Overall, expense reconciliation is critical to ensuring financial accuracy, regulatory compliance, fraud prevention, efficient budget management, and informed decision-making. Compliance with regulatory standards and reporting requirements adds another layer of complexity to the expense reconciliation process.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

FEBRUARY 15, 2024

Regulatory compliance becomes a challenge, as the manual handling of invoices hinders meeting accuracy and reporting requirements. The vulnerability to fraud is also heightened, as manual processes often lack robust validation mechanisms, increasing the risk of unauthorized transactions and financial losses.

AI 52

AI Automation Process Mitigation 52

Nanonets

JANUARY 17, 2024

Regulatory Compliance – Don’t Mess with The Law : Automated expense management ensures that you're always on the right side of the law, avoiding costly legal pitfalls. With ever-changing regulations, managing compliance manually is like juggling dynamite.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Finovate

MARCH 31, 2025

Traditional risk assessment methods, which rely on periodic reviews and self-reported questionnaires, are no longer sufficient in an era where threats emerge in real time and rarely any warning. Many organizations simply lack the tools, resources, or expertise to stay ahead of these challenges.

Risk 94

Risk Risk Management Assessments AI 94

Nanonets

APRIL 7, 2025

Healthcare data extraction systems capture and extract crucial information from a variety of healthcare documents—patient records, insurance forms, lab results, billing information, regulatory compliance documents, and more. The extracted data is processed and neatly organized into structured formats. The result?

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52

FloQast

MARCH 10, 2025

The end-to-end process could take years to complete, while the complexity of paperwork and other regulatory obligations can tie up employees and resources. Compliance requirements: The IPO process typically increases a companys regulatory compliance burden, and includes new transparency and reporting requirements.

Underwriting 95

Underwriting Due Diligence Audit Compliance 95