Payments Source

JANUARY 12, 2021

Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative or unnecessary suspicious activity reports. Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients.

SARS 65

SARS Money Laundering AML Duplicate 65

The Fintech Times

SEPTEMBER 23, 2024

It provides its Nasdaq AxiomSL solution to support financial and regulatory reporting requirements across 55 countries and 110 regulators. .” Servicing Latin America Nasdaq services over 50 banking and payment services clients in Latin America.

Compliance 105

Compliance Regulations Treasury Reporting Requirements 105

The Fintech Times

NOVEMBER 2, 2024

Intermediaries can also use ClearFi data to address emerging global regulations, including Canadian and UK know-your-product (KYP) rules and MiCA Whitepaper reporting requirements.

Product 59

Product Stablecoins Addressing Regulations 59

The Paypers

AUGUST 24, 2022

US-based PayPal has joined the Travel Rule Universal Solution Technology (TRUST) network in order to update its reporting requirements regarding the digital assets travel rule.

Regulatory Compliance 36

Regulatory Compliance PayPal Travel Rule Compliance 36

The Fintech Times

SEPTEMBER 18, 2024

AutoRek , the Glasgow-based reconciliation and financial data management platform, has partnered with Capgemini , the consulting and digital transformation firm, to ensure it remains ahead of reporting requirements for clients as well as complying with regulatory changes.

Reconciliation 59

Reconciliation Payment Reconciliation Consulting Cash Management 59

Fintech Finance

SEPTEMBER 18, 2024

This will empower AutoRek to be at the forefront of regulatory changes and reporting requirements for clients. AutoRek and Capgemini have signed a new agreement that will see Capgemini become AutoRek’s first strategic professional services and technology partner.

Reconciliation 52

Reconciliation Payment Reconciliation Cash Management Agreements 52

The Fintech Times

AUGUST 19, 2024

The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements. The PSR will evaluate different pricing approaches, including those suggested by respondents.

Continuity 59

Continuity Regulations API Reporting Requirements 59

The Paypers

MARCH 17, 2021

Nordea Bank has selected risk and regulatory reporting solutions provider AxiomSL to support the bank’s risk and regulatory reporting requirements in Finland, Sweden, Denmark, and Norway.

Risk 41

Risk Automation Reporting Requirements 41

The Fintech Times

APRIL 25, 2024

To start, CTCs are not universally uniform, and each jurisdiction may have varying reporting requirements and compliance processes. Rather, they should be viewed as an ongoing process, demanding a fundamental change in IT and finance strategies. This in itself is a major hurdle for businesses.

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

Neopay

SEPTEMBER 2, 2024

With an increase in the number of reports required, it’s easy for businesses to fall behind. A Compliance Monitoring Plan can include checks to ensure that all regulatory reporting is up-to-date and accurate. This is crucial for demonstrating transparency and a commitment to compliance.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

CB Insights

NOVEMBER 11, 2022

ESG reporting requirements. ESG REPORTING REQUIREMENTS. This can support firms’ reporting on progress to meet environmental, social, and governance (ESG) standards. Why it matters: ESG standards are evolving, and investors are grappling with an increasing number of reporting requirements.

API 66

API Reporting Requirements Embedded Finance Laws 66

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.

Process 64

Process Audit Regulatory Compliance Consulting 64

Fintech Finance

AUGUST 15, 2024

The PSR will also consider the potential effectiveness of interventions that do not establish a VRP API access price, such as price transparency or reporting requirements. The PSR will evaluate different pricing approaches, including those suggested by respondents.

Regulations 52

Regulations Payments Participant API 52

Innovative Payments Association

AUGUST 29, 2024

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

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

PYMNTS

OCTOBER 15, 2018

Launched in April 2017, the MSB Call Report required licensees to file by mid-May. Lambert stated that the MSB Call Report and Uniform Authorized Agent Report represent an ongoing effort by state regulators to unify reporting requirements.

Regulations 68

Regulations Privacy Reporting Requirements Laws 68

Fintech News

OCTOBER 21, 2024

Presently only targeting large firms, compulsory reporting requirements will increasingly include a larger set of firms. Many SMEs are already required to collect sustainability information due to the trickle-down effect on the whole supply chains of larger firms.

Finance 108

Finance Blockchain FinTech Regulations 108

PYMNTS

JANUARY 22, 2021

regulators to tighten the financial reporting requirements of banks and other financial services providers. "We look forward to continuing our ongoing relationship with MoneyGram as we make this possible through real-time payments to more people around the world.". MoneyGram is in favor of a proposal by U.S.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

Finovate

FEBRUARY 21, 2024

At the conference, the company demoed how its automated reconciliation and reporting platform conducts fully automated reconciliations, and automates legal, regulatory, and scheme reporting requirements. The platform also gives users the ability to explore and investigate data to better understand consumer and product behavior.

Reconciliation 69

Reconciliation Payments APACS Automation 69

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

PYMNTS

DECEMBER 29, 2020

The deal also comes amid a shift toward “real-time compliance requirements” as tax officials around the globe seek ways to collect revenue faster, and with more transparency and a lower risk of fraud.

Compliance 85

Compliance Acquirers Near Real-Time On-Demand 85

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation 52

Automation Duplicate Best Practices Finance 52

The Fintech Times

FEBRUARY 12, 2024

The actions taken by the FSRA address failures (to the extent applicable in each case) to: follow due diligence procedures as required by the Regulations; keep records of the performance of due diligence; report required information in a complete and accurate manner; and/or submit the required annual information return.

Distributed Ledger Technology (DLT) 59

Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59

PYMNTS

NOVEMBER 26, 2019

“Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting, which we expect of a systemically important bank,” said BoE Deputy Governor and PRA Chief Executive Sam Woods. Citigroup said it corrected the issues as soon as it became aware of them.

Returns 76

Returns Audit Regulations Authorization 76

VISTA InfoSec

OCTOBER 26, 2023

Understanding the unique risk areas, reporting requirements, and controls of each standard can enhance compliance strategies, mitigate risks, and build a reputation for reliability and trustworthiness. Public companies must comply with SOX, while service organizations can opt for SOC to gain a competitive edge.

Audit 130

Audit Compliance Laws Governance 130

The Paypers

JANUARY 14, 2019

(The Paypers) Banque Palatine , a subsidiary of Groupe BPCE, has selected AxiomSL ’s platform to comply with AnaCredit reporting requirements in France.

Compliance 28

Compliance Reporting Requirements 28

PYMNTS

NOVEMBER 14, 2018

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury. The report also predicted further changes in banks’ intraday liquidity reporting requirements, highlighting the need for industry standardization.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. “Not to mention, that fraud thrives on these P2P payment apps, creating a compliance headache for impact platforms.

Compliance 64

Compliance AML Regulations Due Diligence 64

Fintech Finance

JUNE 6, 2024

Moreover, different payment norms, currencies and systems exist in different jurisdictions as well as different accounting and reporting requirements. This creates clear challenges for C-Suite and financial leaders for the financial management at global enterprises.

Accounts 52

Accounts Reconciliation Finance Compromise 52

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

PYMNTS

FEBRUARY 6, 2020

She also took issue with“weakened reporting requirements under the Home Mortgage Disclosure Act, allowing redlining and discriminatory lending to proliferate undetected; and abandoned the Consumer Bureau’s longstanding defense of the constitutionality of its structure as an independent watchdog.”.

CFPB 60

CFPB Consumer Financial Protection Bureau (CFPB) Rules Consumer 60

PYMNTS

NOVEMBER 26, 2019

“Citi failed to deliver accurate returns and failed to meet the standards of governance and oversight of regulatory reporting, which we expect of a systemically important bank,” said BoE Deputy Governor and PRA Chief Executive Sam Woods. Citigroup said it corrected the issues as soon as it became aware of them.

Returns 54

Returns Audit Regulations Authorization 54

PYMNTS

MAY 1, 2018

Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication. He warned that any companies with 20 or more employees as of April 1, 2018, will have to comply with the STP requirements, even if their headcount falls below 20.

Payroll 40

Payroll Reporting Requirements Rules Regulations 40

Neopay

APRIL 8, 2024

Additionally, the Financial Conduct Authority (FCA) plans to impose reporting requirements on affected firms, enhancing monitoring effectiveness. The extension in processing time provides PSPs with the opportunity to halt fraudulent transactions promptly. This is especially crucial in combating the rapid actions of APP Fraudsters.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

PYMNTS

NOVEMBER 26, 2019

The central bank’s decision, Barybin explained, had everything to do with strict data sharing and reporting requirements with which SatchelPay could not keep up. During this time, the company focused on restructuring and management enhancements to ensure the company can, moving forward, comply with reporting requirements.

Compliance 73

Compliance Regulations FinTech Cross-Border Payments 73

Fintech Review

OCTOBER 22, 2024

The United States, as mentioned earlier, has implemented stricter reporting requirements for cryptocurrency exchanges. Recent Changes in Cryptocurrency Taxation In recent years, many countries have introduced changes to their taxation frameworks in response to the growing popularity of cryptocurrencies.

Cryptocurrency 97

Cryptocurrency Laws IRS Regulations 97

PYMNTS

DECEMBER 3, 2019

The BSA establishes recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

The Paypers

MARCH 15, 2017

(The Paypers) Miura Consulting has teamed up with SAS to release a regulatory portal that identifies and supports all of the new compliance and reporting requirements for MiFID II.

Reporting Requirements 28

Reporting Requirements Consulting Compliance 28