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

Nanonets

FEBRUARY 15, 2024

This is the promise that AI holds in invoice data capture – a promise not just to streamline processes but to revolutionize the core of how businesses manage their financial transactions. In this blog, we explore AI's pivotal role in reshaping the landscape of invoice processing. What is AI-based Invoice Data Capture?

AI 52

AI Automation Process Mitigation 52

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

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

The Fintech Times

SEPTEMBER 4, 2024

.” A ‘double-edged sword for compliance teams’ Matthew Franzyshen , business development manager at Ascendant Technologies , a full-service IT company, explains how the rapid evolution of artificial intelligence (AI) has both positively and negatively impacted compliance. appeared first on The Fintech Times.

Compliance 64

Compliance Rules Regulations Laws 64

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 Regulatory Compliance 52