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.

Compliance 64

Compliance Rules Regulations Laws 64

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. Meaningful Developments but No Federal Privacy Law or AI Regulations. Though the EU is moving forward with its efforts to regulate AI , 2023 will likely be a year in the U.S.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Cybersecurity 52

Finovate

JUNE 20, 2024

Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals. The newer regulations are more complex and reporting on them is more frequent. Compliance platforms of the past are not able to cope with these new kind of reporting requirements.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Innovative Payments Association

AUGUST 29, 2024

These should outline the company's compliance obligations, reporting requirements, and internal controls. From hot topics like Open Banking and Earned Wage Access to the legal implications of AI and serving cannabis businesses, this one-day event is packed with insightful sessions led by industry experts.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

PYMNTS

JANUARY 3, 2020

Georgia stands ready to lower its remote seller sales threshold and eliminate some reporting requirements as of January 2020. They have to have something powered by artificial intelligence (AI) to streamline operations. Even the consequences of non-compliance can be fragmented.

Posting 53

Posting Cross-Border Compliance Facilitators 53

Nanonets

SEPTEMBER 25, 2024

Through the following sections, we will dive deeper into what lease abstraction is, the various techniques one can use to automate lease abstraction and the various benefits of using AI-based document processing tools over these techniques.  Requires coding proficiency 2. Requires technical expertise 3. Black-box nature 5.

Indemnification 52

Indemnification Automation Payment APIs and Integration AI 52

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. With growing reliance on big data and AI, ensuring customer information privacy and security is crucial.

Compliance 64

Compliance AML Due Diligence Regulations 64

Nanonets

DECEMBER 29, 2023

   Nanonets Flow AP automation software lets you forward emails or scan invoices into Nanonets with AI/ML-enhanced intelligent OCR (optical character recognition) to capture invoice data electronically by line item with headers. Nanonets AI-data entry is the key to unlocking accuracy and efficiency.

Automation 59

Automation Accounts Checks Process 59

The Fintech Times

DECEMBER 23, 2023

“Sustainability assessments will play an increasing role in the banking decision-making process, for example banks are increasingly using data and AI to assess the sustainability credentials of their lending portfolios. . “Sustainable finance is another important trend we are likely to see gain momentum next year.

Finance 59

Finance Advisors Assessments Innovation 59

PYMNTS

AUGUST 14, 2019

The data that casinos have the power to feed into the system under Banking Secrecy Act reporting requirements in the form of suspicious activity reports (SARS), he noted, not only has the power to keep the work of legal gambling a transparent and compliant place.

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

Nanonets

JUNE 29, 2023

Flow by Nanonets Nanonets is an AI-based expense management software that offers automated data capture for intelligent processing of expenses. AI algorithms ensure data accuracy and readiness for review Seamless integration of transaction information from diverse sources into the ERP, facilitating accurate and timely payments.

Payment APIs and Integration 52

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

Nanonets

APRIL 2, 2024

Compliance with Regulations: In today's regulatory environment, adherence to financial regulations and reporting requirements is non-negotiable. Nanonets offers tailored solutions to meet your specific requirements. Get in touch today for a personalized quote and unlock the full potential of AI-powered automation.  

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Nanonets

NOVEMBER 29, 2023

Healthcare : Patient care plans or medical reports require timely approvals to ensure prompt treatment and adherence to healthcare regulations. By integrating sophisticated AI and Large Language Models (LLMs), Nanonets not only simplifies workflow creation but also elevates the capability to manage intricate document-related tasks.

Automation 52

Automation Legal Compliance Process 52

Nanonets

AUGUST 2, 2023

Some exemptions may also require additional documentation or reporting requirements. Automate data extraction: Upload your export documents in bulk and extract relevant data fields required for EEI filing. The accuracy improves over time since the AI learns from your documents and actions. These may include: 1.

Automation 52

Automation Regulations Compliance Legal 52

Nanonets

JANUARY 17, 2024

In the last decade, the advent of AI and cloud computing has revolutionized this field. Their contributions range from AI-driven analytics to seamless integrations with accounting systems, reshaping how businesses handle their expenses. Technological Innovations in Expense Management Automation and AI have come to our rescue.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

SEPTEMBER 23, 2023

Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements. One of the key trends in encumbrance accounting is the integration of artificial intelligence (AI) and machine learning capabilities.

Accounts 52

Accounts Government Governance Payroll 52

FICO

OCTOBER 7, 2022

On September 15 the CFPB issued a report suggesting that BNPL companies must be subjected to stricter oversight, a step toward regulation. Agency officials say the bureau plans to issue guidance to oversee BNPL vendors and have them complete “supervisory” exams in line with credit card company reporting requirements.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

Nanonets

MAY 7, 2024

Here's how Nanonets can improve the efficiency, accuracy, and speed of your expense reconciliation: Nanonets leverages advanced OCR (Optical Character Recognition) technology to automatically extract data from various financial documents , including bank statements, invoices, receipts, expense reports, credit card statements, and more.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Nanonets

JULY 25, 2023

Financial reporting automation with Nanonets Nanonets offers advanced automation solutions that can greatly enhance financial reporting processes, enabling organizations to achieve greater efficiency, accuracy, and speed in their reporting activities.

Automation 52

Automation Compliance Process Government 52

Nanonets

AUGUST 1, 2023

Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements. How to automate document workflows with Nanonets?

Automation 40

Automation Payment APIs and Integration Audit Rules 40

FloQast

DECEMBER 13, 2023

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. And SOX compliance will require IT systems to provide audit trails, data integrity and accuracy, and effective disaster recovery.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 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. What role do technologies like AI and strategies like predictive risk modeling play in Supply Wisdoms approach to risk management and intelligence?

Risk 94

Risk Risk Management Assessments Compliance 94

Finovate

FEBRUARY 7, 2025

The investment in Nuj comes as regulatory reporting requirements and calls for increased transparency for superannuation funds are growing. Russia’s Sberbank announced plans to team up with Chinese researchers on joint AI projects. The company’s platform is used by institutions such as MUFG, AMP, and Equity Trustees.

Payment APIs and Integration 65

Payment APIs and Integration API Non-Bank Compliance 65

Nanonets

APRIL 7, 2025

Regulatory data extraction manages compliance documentation, quality metrics, and reporting requirements for healthcare governing bodies. How to extract data from healthcare documents using Nanonets Nanonets is an AI-based OCR software. You can also classify incoming documents using AI (e.g.,

Automation 52

Automation Regulatory Compliance Compliance Payment APIs and Integration 52

FICO

DECEMBER 15, 2020

On December 18, the Bureau issued a Part 2 final rule detailing disclosures for the collection of time-barred debt, changes to the validation notice, and furnisher credit reporting requirements. The AI Policy Discussion Will Be Focused on Governance and Standards Development. The President has until December 23 to take action.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52