VISTA InfoSec

FEBRUARY 25, 2024

You might be able to prevent data breaches by hiring cybersecurity services to harden systems continuously. Encrypt Data Flows Implement encryption for data in transit over networks and at rest within databases/servers to ensure meaningless ciphertext even if intercepted. Conduct audits periodically post-partnership.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Bots Risk Assessment 52

The Finance Weekly

JULY 19, 2022

Ensuring that the company's accounts and finances are audit-ready at closing. Easily database all versions of your work and with the click of your mouse conduct variance analysis, slice and dice data sets, perform drill-downs, FX conversions, and easily review version histories. Focused on continuous planning. Very Good).

CRM 240

CRM Finance Database Automation 240

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

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

VISTA InfoSec

OCTOBER 25, 2023

Continuing Current Controls: If existing controls effectively reduce risk, maintain them. It aligns with ISO 31000:2018’s emphasis on transparency, shared responsibility, and continuous improvement through documentation and sharing of risk evaluation outcomes. This approach ensures a thorough risk evaluation and management.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Fintech Review

JUNE 18, 2024

By eliminating needless information transfers from spreadsheets, databases, and PDFs, data can be easily shared and utilized by all team members. They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance. Maintain comprehensive records. Assess operational risk regularly.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

PYMNTS

DECEMBER 26, 2018

Almond recently gave PYMNTS a few predictions for how blockchain will continue to disrupt the B2B payments ecosystem in 2019. “Demand from payers and ecosystem partners to use more convenient, secure, and less expensive means of payment will continue to drive adoption of digital payment processing.

Blockchain 80

Blockchain B2B Cross-Border Payments 80

VISTA InfoSec

JULY 31, 2023

Conduct Periodic Evaluations of Your Configuration Guidelines : Regularly review your configuration rules and flowcharts, at least every six months, to ensure they continue to meet your business needs. Regularly Generate Audit Logs : Antivirus software should be active, updated, and generate audit logs regularly.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130

PYMNTS

NOVEMBER 29, 2019

Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. Conversely, Nebraska has a database that lists items that are exempt from taxes. There may or may not be near-term proactivity by states to embrace such databases and educational efforts, said Peterson.

Database 53

Database Audit Disputes Compliance 53

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. Keeping patient data safe is a top priority, and continuous monitoring is a key part of that.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

PYMNTS

APRIL 28, 2019

Yet Peter Eckersley, the partnership’s director of research, noted that the tools currently available were “not suitable for deciding to detain or continue to detain individuals.”. And it’s not just these researchers that believe the technology is flawed.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

Segpay

OCTOBER 22, 2024

Blockchain technology offers a solution to these concerns, enabling age verification without collecting or storing sensitive data in a centralized database. High-profile data breaches have made the risks of storing user IDs clear, with victims suffering from identity theft and financial loss.

Verification 105

Verification Blockchain Privacy Encryption 105

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

The Fintech Times

JANUARY 5, 2024

To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year. David Sewell , CTO, Synechron , the financial services digital transformation consulting firm explains: “Advanced AI will continue to offer businesses new ways to innovate and grow.

AI 75

AI Database Financial Crimes Compliance 75

FICO

MARCH 13, 2017

It might not stand up to an audit — who can reproduce what has been checked? We built an interface between the FICO® TONBELLER® Siron®KYC solution and the ICIJ Offshore Leaks Database. Not only is this database constantly updated, it’s exhaustive: The data covers nearly 40 years. Worst of all, it’s a one-time approach.

Money Laundering 45

Money Laundering Database Due Diligence BSA 45

Segpay

DECEMBER 13, 2024

In identity management, this right is challenging, particularly if a users information is stored in various authentication databases. Stay Informed of Regulatory Changes: Data privacy regulations are continuously evolving, with new regions adopting policies like GDPR and CCPA. How can organizations ensure data privacy?

Privacy 105

Privacy Compliance CCPA Authentication 105

CB Insights

NOVEMBER 2, 2017

Looking ahead, if early adoption continues, regtech could play a pivotal role in predicting and preventing the next financial crisis. In the years following the financial crisis, the quickest solution was to increase headcount in audit, risk, and compliance, the critical control functions at a firm.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

Fintech News

MAY 22, 2024

Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively. Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies.

Financial Crimes 106

Financial Crimes Crime APACS Risk Assessment 106

CB Insights

JANUARY 4, 2018

It has a resume pool of 100M applicants, from its own database as well as its network of job sites (excluding Linkedin). Apart from finding qualified candidates from within its own database, Restless Bandit scans employers’ existing database of previous applicants to “rediscover” talent for current positions in the company.

Automation 75

Automation AI Audit Consulting 75

Nanonets

AUGUST 23, 2023

It could be exporting the data to your ERP or CRM system or updating your databases. Lastly, this workflow makes it easier to create an audit trail, ensuring that your business remains compliant and maintains a clean record of all data processing activities. Continuous improvement: The AI learns from your data and improves over time.

Process 97

Process AI Payment APIs and Integration Compliance 97

Nanonets

JULY 4, 2023

Optimization is the extra layer of intelligence that allows optimization through validations and continuous learning and helps in better integration of the automation and orchestration processes. The Nanonets algorithm & OCR models learn continuously. They can be trained or retrained multiple times and are very customizable.

Payment APIs and Integration 96

Payment APIs and Integration Automation AI Process 96

Nanonets

SEPTEMBER 18, 2024

This not only improves accuracy but also helps in continuous improvement of the system. They are responsible for vendor payments, maintaining transaction records, auditing, taxation, and regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

PYMNTS

FEBRUARY 27, 2019

I also understand that our regulators and lawmakers undoubtedly felt, and continue to feel, a strong duty to ensure that the financial ecosystem is functioning in a way that benefits consumers, safeguards their personal data, and is fueled by accurate and complete information,” he said.

Consumer Financial Protection Bureau (CFPB) 63

Consumer Financial Protection Bureau (CFPB) CFPB Breach Law Enforcement 63

Nanonets

FEBRUARY 27, 2024

Streamlined Audit Trail: The precision of the date extraction and GL coding , and the subsequent automated data export to QuickBooks creates a clear, detailed audit trail. The Compliance Cruise Control:  Continuous, automated audits make life easier. All such receipts are processed in real time.

Automation 52

Automation Database Audit Use Case 52

Exact Payments

JANUARY 4, 2024

Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance. Maintaining a secure network demands anti-virus mechanisms that consistently remain active, use up-to-date signatures, and generate auditable logs.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Nanonets

SEPTEMBER 27, 2024

Uploaded IDs undergo an authenticity check and data extraction, which is cross-verified against an external database for verification. This can cause issues with audit and credibility certifications. Click on “Continue” and upload your file to manually test it out. or databases, like, Amazon S3.

Process 52

Process Underwriting Automation Database 52

Trade Credit & Liquidity Management

MAY 27, 2025

Obtain and review information from reporting agencies or relevant public databases. Cross-reference information provided by the customer with government registries and third-party databases. Continuously monitor transactions for suspicious activity and maintain up-to-date records for compliance audits.

Due Diligence 52

Due Diligence OFAC Compliance Fincen 52

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Monitor extraction accuracy and implement feedback loops to improve the process continuously. Ensure all statements are properly scanned and readable.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

MAY 11, 2023

The invoice and payment details are archived in the GL for future audits. Missed invoices lead to delayed payments and associated penalties, strained vendor relationships, delays in operation, and audit issues.  This can lead to accrued liabilities over time, escalating pressure at audit periods, and non-compliance.

Process 52

Process Automation Audit Checks 52

VISTA InfoSec

FEBRUARY 16, 2024

Use database safeguards (parameterized queries) to stop injections. It required either a manual or automated application vulnerability security assessment at least annually and after any changes, or the installation of an automated technical solution that continually checks all traffic. PCI DSS v3.2.1 PCI DSS v4.0 PCI DSS v3.2.1

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

Nanonets

AUGUST 6, 2024

For instance, in a sports league scenario, while an LLM could provide generic information about the sport or teams, RAG empowers the AI to deliver real-time updates about recent games or player injuries by accessing external data sources like databases, news feeds, or even the league's own data repositories.

AI 52

AI Database Payment APIs and Integration Automation 52

Exact Payments

JULY 1, 2024

They are updated continuously to defend against threats like DDoS attacks, botnets, and other automated attacks. The encrypted data is then written to our database. All such accesses are meticulously logged to maintain a clear audit trail of data interactions.

Data Security 52

Data Security Security Encryption Payment APIs and Integration 52

Basis Theory

OCTOBER 1, 2024

Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. Return to Top Who needs to be PCI compliant?

PCI DSS 88

PCI DSS Encryption Compliance Assessments 88

Nanonets

OCTOBER 16, 2024

Validation and Verification: Extracted data is now checked for accuracy, it could involve multiple options such as: Cross-referencing with existing databases Automated error detection based on predefined logic Confidence scoring for extracted data Manual review 6. The future of data extraction is intelligent, and that future is here today.

Automation 52

Automation Compliance Process Legal 52

Nanonets

APRIL 20, 2023

Instead of storing them as images, it is wise to use PDF OCR to convert them into a searchable database. Nanonets is one platform suited to converting JPG images to Word files on a large scale. Nanonets is an AI-based OCR software that can extract text and tables from images with 98%+ accuracy.

XML 52

XML Automation AI Process 52

Nanonets

JUNE 18, 2024

Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52