Fintech News

FEBRUARY 10, 2025

It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive. Source of image: Edited from Freepik The post Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

Neopay

OCTOBER 15, 2024

Training and audits are two pillars of compliance. Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful. Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality.

Audit 59

Audit Compliance Assessments Financial Crimes 59

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). You may also post your questions in the comment section to get answers to your queries. They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). You may also post your questions in the comment section to get answers to your queries. They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

OCTOBER 7, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT). This is where VISTA InfoSecs expert consulting and audit service comes into play.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Fintech Review

JANUARY 30, 2025

According to the document, companies operating with information and communication technologies must develop, describe and maintain a risk management system that includes: constant monitoring, vulnerability assessment, response and stabilization. Incident reporting. Theres no clear requirement on this point.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Clearly Payments

APRIL 8, 2025

A payment consultant assesses your current payment infrastructure and identifies the best path forward. This leads to technical debt, fragmented customer experiences, and difficulty integrating new technologies.

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

Fi911

MAY 22, 2025

This post will explore PSD3 in detail, discuss its implications, and help you take proactive steps to prepare. Assess Technology Readiness Audit your technology infrastructure to assess its readiness for API improvements, real-time fraud monitoring, and open finance integration.

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

VISTA InfoSec

MARCH 6, 2024

In this post, we’ll break down the key changes to Requirement 10 from PCI DSS 3.2.1 assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Changes Access Controls "Limit viewing of audit trails" to those with a need. Maintains the risk assessment step.

PCI DSS 130

PCI DSS Procedures Best Practices Assessments 130

FloQast

MAY 9, 2024

However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes. These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

Cardfellow

MAY 10, 2025

Specifically, Level 1 processors must have their processes and systems audited by Qualified Security Assessors (QSAs) to ensure they meet PCI requirements. Specifically, Level 1 processors must have their processes and systems audited by Qualified Security Assessors (QSAs) to ensure they meet PCI requirements.

Processors 52

Processors Third Party Vendors Credit Cards Third-Party Service Provider 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

The Fintech Times

FEBRUARY 5, 2025

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

Compliance 64

Compliance Cybersecurity Audit AI 64

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. A description of company policies for tendering external audit services.

Governance 102

Governance Government AAP Audit 102

Fi911

FEBRUARY 26, 2025

Requirements : Annual on-site audit by a Qualified Security Assessor (QSA), quarterly network scans. Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments.

PCI DSS 54

PCI DSS Compliance MFA Assessments 54

VISTA InfoSec

OCTOBER 26, 2023

In this post, we’ll outline the basics of SOC and SOX, highlight key differences between them, and provide deeper insight into these vital components of the corporate landscape. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. What is SOX?

Audit 130

Audit Compliance Laws Government 130

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

Audit 40

Audit Automation Risk Assessment Assessments 40

Fintech News

JUNE 2, 2024

Additionally, the tests could lead to the wider use of information sharing in fraud detection, building on its success in assessing cybersecurity threats. The post Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud appeared first on Fintech Singapore.

Cross-Border Payments 132

Cross-Border Payments Cross-Border SWIFT AI 132

VISTA InfoSec

SEPTEMBER 28, 2023

To achieve a detailed understanding of the DPDP, please refer to our previous blog post. Appoint an Independent Data Auditor: The Significant Data Fiduciary shall appoint an independent data auditor to carry out a data audit. VISTA InfoSec can assist with DPDP compliance , covering all aspects from consent management to audits.

Privacy 130

Privacy Audit Data Breach Breach 130

VISTA InfoSec

JANUARY 29, 2024

For systems that are typically not susceptible to malicious software, carry out regular assessments to detect and assess emerging malware threats. Conduct discussions with staff to ensure that they are monitoring and assessing emerging malware threats for systems that are generally not prone to malicious software. evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

M2P Fintech

APRIL 11, 2025

Key Proposals in the RBI’s Draft Guidelines Standardized Gold Valuation Lenders must use a transparent and uniform method for valuing pledged gold, with valuation done by certified personnel and subject to periodic audits. Any surplus amount post-auction must be refunded to the borrower.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

Finovate

JANUARY 22, 2025

“This collaboration aims to eliminate administrative burdens, ensure consistent and auditable decision-making, and ultimately enhance the customer experience.” Photo by Caio The post Sikoia and Tandem Bank Forge Strategic Partnership to Enhance Income Verification appeared first on Finovate.

Verification 52

Verification Audit Automation Fraud Prevention 52

FloQast

AUGUST 22, 2024

Enhanced Accuracy: Improved completeness and audit readiness with detailed reconciliation reports. Audit Preparedness: Enhanced SOX compliance and streamlined audit processes. It’s secure, centralized, and auditable, which is exactly what we needed and exactly what we got.” FloQast was a great fit for us.

Reconciliation 86

Reconciliation Audit Close Processes Compliance 86

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

The Fintech Times

APRIL 10, 2025

It will providestructured support across the project lifecycle, beginning with in-depth evaluations to assess innovation, business potential, and team capabilities. Audited smart contract development is also available to support staking mechanisms, DAO governance, and token issuance across multiple ecosystems.

Blockchain 135

Blockchain NFTs Audit P2P 135

FloQast

APRIL 30, 2024

Organizational Chaos : Compliance documents managed in spreadsheets often lead to version control issues and synchronization challenges, hindering effective control implementation and audit processes. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Audit Pain and Expense : I hear you.

Compliance 105

Compliance Addressing Audit Risk 105

The Fintech Times

JANUARY 31, 2025

B Corp is a rigorous assessment that verifies companies have met high standards of social and environmental performance, transparency, and accountability: theres absolutely no room for mere box-ticking. Independent organisations provide audits or certifications to help support these claims through partnership.”

FinTech 64

FinTech Audit Financial Inclusion Advisors 64

Fintech Finance

SEPTEMBER 18, 2024

It is also notoriously difficult to achieve the ISO 27001 certification, as the process requires rigorous assessments and audits of Tribe’s information security management systems and data security safeguards, which were undertaken by world-leading testing and certification provider Bureau Veritas.

ISOs 98

ISOs Security Payment Security Payment APIs and Integration 98

Fintech Finance

MARCH 3, 2025

Issued by Ernst & Young (EY), a leading independent auditing firm, the SOC 2 Type II certification is a rigorous assessment for operating effectiveness of a service providers internal controls. The audit firm will conduct annual reviews, and Antom will continue its recertification process.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Fintech News

JULY 1, 2024

Additionally, these assets will undergo bi-monthly independent audits, with reports available on the companies’ websites, and will be segregated from corporate assets, held in custody by a MAS-regulated financial institution.

Stablecoins 113

Stablecoins Regulations Audit Cash Management 113

FloQast

FEBRUARY 19, 2025

He brings over 13 years of experience, providing clients with business and technology audits, as well as providing control design assessment and process improvement services. Xavier has led numerous SOX and Internal Audit engagements for clients ranging from start-ups to Fortune 500 companies throughout his career at CFGI.

Advisors 52

Advisors Compliance Risk Audit 52

Fintech News

JANUARY 25, 2024

The EY AI Governance and Compliance solution, a part of this initiative, provides businesses with tools for managing AI, including discovery, policy management, risk assessment, and automated monitoring. The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing.

AI 120

AI Disputes Risk Management Risk Assessment 120

Fintech Finance

AUGUST 27, 2024

EURI will be available on the Ethereum and BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation. The post Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI appeared first on FF News | Fintech Finance.

Stablecoins 116

Stablecoins Multi-Currency Regulations Risk Mitigation 116

Neopay

DECEMBER 6, 2023

The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Fintech Review

JUNE 18, 2024

Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. Assess operational risk regularly. The post Why Hedge Fund Admin Software is Crucial to Your Back Office appeared first on Fintech Review. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98