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Safeguarding changes: assessing the impact

The Payments Association

What to expect: Kieran Millar, principal product manager at AutoRek, will discuss safeguarding reconciliation concepts, record-keeping practices, governance, and reporting requirements. Join us at our upcoming webinar, where well unpack these key themes and share insights on the future of the payments industry.

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Top regulatory priorities for the payments sector

The Payments Association

Firms should be prepared for more onerous record-keeping and reporting requirements and factor in the costs of additional compliance obligations, including holding client funds under statutory trust. As stablecoins gain traction, firms must assess compliance requirements, security risks, and integration strategies to ensure readiness.

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10 Best Practices for FP&A

The Finance Weekly

Secure Budget Approval for Necessary Resources Before investing in a project, finance teams must assess the resources required and gain approval. For instance, a technology company planning new software development follows these steps: Identify Needs - Determine staffing and tool requirements.

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The Evolution of Insurtech and its Impact on Traditional Insurance Models

Fintech Review

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules. In addition to this, there could be issues around the legal uncertainties related to statuatory trust requirements, the ambiguities around how funds are treated across jurisdictions for example.

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NCAP Record Removals Have No Material Impact to FICO Scores

FICO

It is anticipated that civil judgments and some tax liens will be removed from consumer reporting agency (CRA) data when this goes into effect, including previously reported tax liens and/or civil judgments that do not meet the new NCAP-related reporting requirements.

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Charting Course: Building a Cannabis Banking Compliance Program

Innovative Payments Association

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.