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FloQast Achieves ISO 42001 Certification, Setting the Standard for Ethical AI in Accounting

FloQast

As we continue to push the boundaries in the AI space , our AI-powered tools help accounting teams do more with lessenhancing decision-making, uncovering insights, and reducing repetitive tasks through intelligent automation. External Validation Through Audits Lastly, our AI framework was put through a rigorous external audit.

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Beyond Responsible AI: 8 Steps to Auditable Artificial Intelligence

FICO

In today’s litigious environment , AI-powered business decisions must be more than explainable, ethical and responsible; we need Auditable AI. Is the model fully explainable, with accurate reason codes that explain automated decisions the model makes, explainable to both model user and the impacted party? Why Auditability Matters.

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

The Payments Association

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

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Finmo Launches MO AI to Simplify Global Treasury Operations

Fintech News

Raj Vimal Chopra, Co-founder and Chief Technology Officer, explained: Raj Vimal Chopra “We built MO AI as a domain-specific AI system to tackle the operational complexities of global treasury management. It is designed to understand finance-specific terminology, support authorisation processes, and ensure secure, traceable transactions.

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Aviva Partners with AutoRek for its Automated Reconciliation Solution

Finovate

UK-based, multinational insurance company Aviva has teamed up with automated reconciliations solution provider AutoRek. Aviva will deploy AutoRek’s platform to provide a fully audited, rules-based reconciliation process that reduces the risks associated with manual processing. The company is headquartered in Glasgow, Scotland.

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AI in Finance: Freeing Managers from Routine Tasks to Drive Business Growth

Fintech News

While some technological solutions are available, none have fully reduced the burden on finance managers. AI-Powered Automation: Streamlining Spend Management Source: Shutterstock SMEs handle hundreds of invoices monthly. Automating these processes can benefit SMEs. This is where Artificial intelligence (AI) becomes important.

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FinTechs Raise Funding For Supplier Payments, Compliance Automation

PYMNTS

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk,” Eclypsium CEO Yuriy Bulygin said in an announcement. “We Firms in the U.S.,