Remove Addressing Remove Audit Remove Regulatory Compliance
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The role of artificial intelligence in enhancing AML and regulatory compliance in fintech

The Payments Association

Automated Suspicious Activity Reporting : Generates timely, accurate reports to maintain Sends compliance. By integrating AI-powered compliance solutions, Sends has achieved an efficient onboarding process that combines accuracy, speed, and regulatory compliance. Another concern is over-reliance on AI systems.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Why is it important?

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How Internal and External Monitoring Drive Regulatory Compliance: An Expert Interview

Neopay

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Firms must ensure that they select credible partners with the appropriate level of expertise in the industry.

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Another Revolut Fine – This Time from the Central Bank of Lithuania

Neopay

A Revolut representative said: Revolut Bank UAB is committed to the highest standards of regulatory compliance and cooperated with the Bank of Lithuania in taking immediate action to address the procedural deficiencies.

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Navigating Compliance Challenges with FloQast: Inside the New Enhancements to FloQast Compliance Management

FloQast

These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes. Audit Pain and Expense: Challenge : Inadequate preparation for audits results in prolonged processes.

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5 Strategies for Protecting the Public and Private Sectors from Cybersecurity Threats

VISTA InfoSec

Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements. In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework.

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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Regulatory Compliance: Modern platforms come pre-configured to meet standards like PCI DSS , GDPR, and local regulations. Robust Reporting: Detailed dashboards and customizable reports simplify audit preparation and financial planning. Dedicated Support: Our team offers round-the-clock support to address any challenges.