VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Fintech Times

MAY 6, 2024

Kuvera Impact Consulting is stepping up to bridge that gap. Introducing Vivek Bhatra Vivek Batra, CEO, Kuvera Impact Consulting Vivek Batra , a seasoned Chartered Accountant with over three decades of industry and consulting experience, is the founder and CEO of Kuvera Impact Consulting.

Consulting 59

Consulting Due Diligence Audit AI 59

The Payments Association

OCTOBER 11, 2024

Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms. What’s next? It’s going to be a big effort for them to ensure that they are complying.”

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Global Fintech & Digital Assets

JANUARY 8, 2024

By Simon Hawkins and Adrian Fong On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) released a consultation paper on their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (Consultation Paper). Prohibition on paying interest.

Stablecoins 59

Stablecoins Consulting Issuers Non-Bank 59

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Engaging with AML experts and consultants AML is an ever-evolving field.

Money Laundering 88

Money Laundering Compliance AML BSA 88

Neopay

DECEMBER 6, 2023

Expectations from a skilled person report A skilled person report, similar to a compliance audit, follows stages such as pre-audit documentation review, walkthroughs, testing, draft report, and final report. This aids day-to-day operations and serves as evidence of due diligence during regulatory reviews.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Neopay

NOVEMBER 25, 2024

The Financial Conduct Authority (FCA) recently released its consultation document on proposed changes to the safeguarding regime for payments and e-money firms. Annual safeguarding audits conducted by an external auditor, with findings submitted to the FCA. Firms will need to ensure they are audit-ready throughout the year.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Moreover, firms should confirm that their chosen partners can deliver audits in accordance with the required scope of work.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Fintech News

MAY 22, 2024

Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively. For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. Transparently.AI

Financial Crimes 98

Financial Crimes Crime APACS Risk Assessment 98

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

Fintech Labs Insights

MARCH 24, 2016

You say you wanna revolution in due diligence, but would love to see the plan? OutsideIQ has leveraged its strengths in cognitive computing and natural language processing to deliver an automated due diligence solution, DDIQ. ” Company Facts: Founded in January 2010. Headquartered in Toronto, Ontario, Canada.

Due Diligence 14

Due Diligence Audit Regulatory Compliance Assessments 14

FICO

MARCH 13, 2017

I know banks that hired teams of expensive external consultants to manually check if any of millions of customers owned a company in Panama. It might not stand up to an audit — who can reproduce what has been checked? If accepted, the customer would be put in the high-risk segment, with enhanced due diligence.

Money Laundering 45

Money Laundering Database BSA Due Diligence 45

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties.   In addition to the factors mentioned above, it's crucial to conduct due diligence and thorough research into various software options.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Neopay

NOVEMBER 28, 2023

Printer advised, “A robust due diligence process and sanction screening at the initial onboarding stages can effectively mitigate potential risks in the future.” A significant emphasis is placed on improving onboarding processes to prevent downstream damage caused by criminals.

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52

PYMNTS

JANUARY 31, 2018

The program’s focus is to enable financial experts and consultants to better help and serve their clients. Through the module, banks don’t have to perform due diligence on every single applicant — as long as another bank has already done it, acquirers can borrow intel from other financial institutions in the Southeast Asia region.

Cross-Border 46

Cross-Border Cryptocurrency Acquirers Due Diligence 46

FICO

MARCH 6, 2020

We offer best-in-class multi-tenant capabilities (including multi-language, multi-currency), detailed audit trails, and electronic, automated regulatory reporting and filing in any required format. We help customers speed up time to compliance by 50%, with lower implementation and maintenance costs and fewer IT and project resources.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Nanonets

FEBRUARY 13, 2024

Professional Fees : Outsourcing professional services such as legal advice, accounting, and consulting can be crucial for business success. This practice not only supports the environment but also simplifies retrieval and auditing processes. This category captures all costs related to business travel and client entertainment.

IRS 52

IRS Automation Adjustments Audit 52

The Fintech Times

MARCH 31, 2024

Financial Technology Research Centre (FTRC) Ian McKenna, founder, Financial Technology Research Centre (FTRC) Fintech consultancy, the Financial Technology Research Centre is hosting an AI in Financial Advice event this summer. Its founder Ian McKenna says there’s no doubt that AI can offer substantial benefits to the insurance sector.

Risk 69

Risk AI Underwriting Automation 69

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Dealing in, advising on, or managing portfolios investing in Tokenised Securities: Intermediaries should conduct due diligence on the issuers and their service providers and be satisfied that the ownership and technology risks of the Tokenised Securities are effectively managed.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

VISTA InfoSec

MAY 6, 2025

SOC 2 certification is an audit framework developed by the AICPA that evaluates an organizations ability to design and operate effective controls related to security, availability, processing integrity, confidentiality, and privacy. Vendors are required to complete a SOC 2 Audit to prove they are safe to work with.

Audit 200

Audit Regulatory Compliance Data Breach ISOs 200

CB Insights

NOVEMBER 9, 2017

The firm intended to provide a missing channel for residential energy services leveraging its core energy-audit business. Consultant Mark Sherwood, principal associate with Consulting Services and Associates LLC (Cupertino, Calif.), Select VC Investors: Black Coral Capital, Braemar Energy Ventures, VantagePoint Capital Partners.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Shutdown Push-to-Card 78

PYMNTS

OCTOBER 30, 2017

Technology Consultant. Kryptonite will become as toxic [as] it is infatuating – all in due time. Information Security Consultant . Technology Consultant. Billionaire Mark Cuban himself invests in ICOs and retracted his previous statement on cryptocurrency as a bubble after his own due diligence: [link].

Bitcoin 51

Bitcoin Cryptocurrency Blockchain Use Case 51

The Payments Association

MAY 14, 2025

No more audits six months after the fact. Attwal pointed to the expanding use of AI across the compliance lifecyclefrom onboarding and customer due diligence to transaction monitoring and sanctions screening. The panel explored how global trade, technology, and regulatory approaches are intersecting in this new landscape.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88