FloQast

JANUARY 22, 2025

Regulatory Complexity and Increased Reporting Requirements Put a Strain on Resources Regulatory requirements are constantly evolving, and reporting requirements are becoming increasingly complex. Furthermore, minimizing audit findings should be a top priority. Heres how you can do so.

Accounts

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements. Here’s the thing. The post What is Compliance Management?

Compliance

FloQast

MARCH 12, 2024

Your IPO team can take on the bulk of pre-IPO work, ensuring your accounting, finance, and operations teams can continue focusing on their everyday responsibilities. Pass-through entities contemplating an IPO may want to consider an alternative structure that will continue providing investors with tax benefits.

Advisors

Nanonets

SEPTEMBER 21, 2023

Preventing and detecting fraudulent activities requires implementing internal controls and monitoring processes. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. When it comes to accounting, businesses must navigate a complex web of regulations and reporting requirements.

Accounts

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that fail to adhere to these regulatory requirements could face audits, fines and tax withholdings.

Enrollments

The Fintech Times

SEPTEMBER 4, 2024

Leflambe continues: “In parallel, fraudsters leverage new technology very quickly (for instance, using deepfakes to circumvent liveness checks) and compliance teams must remain very vigilant about new controls not being outdated as a result.”

Compliance

EBizCharge

SEPTEMBER 6, 2024

These reports offer real-time insights and are crucial for financial management, performance tracking, and strategic planning. By automating tax calculations, businesses reduce the risk of errors that can lead to costly penalties and audits.

Accounts

Basis Theory

OCTOBER 1, 2024

Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. So, while you may not need PCI Level 1 compliance, understanding the different levels of PCI compliance and the 12 PCI requirements will certainly help. What are PCI Compliance Levels, and why do they matter?

PCI DSS

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This segregation of duties helps mitigate the risk of errors or fraudulent activities going undetected.

Reconciliation

PYMNTS

SEPTEMBER 5, 2019

Businesses that are noncompliant risk facing audits and expensive fees. They must keep up with changing policies, determine how much they owe in each locale and understand any reporting requirements that may exist – even in states in which they fall below the threshold for tax collection. Continued Changes and Questions .

Laws

The Fintech Times

DECEMBER 23, 2023

“This will continue, and banks will use this data to develop new sustainable finance products and services.” ” Unified data views Bill Harter , principle ESG solutions advisor at Visual Lease, the lease optimisation solution provider, reflects on the role of technology in supporting mandatory corporate ESG reporting. .

Finance

Nanonets

AUGUST 1, 2023

Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.

Automation

Nanonets

JANUARY 17, 2024

Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." Maintaining a thorough and easily accessible audit trail is essential for compliance and transparency. Audits aren't just about compliance; they are about ensuring the integrity of financial reporting.

Payment APIs and Integration

Nanonets

SEPTEMBER 23, 2023

Encumbrances also facilitate transparency and accountability, allowing for better financial reporting and auditing. Non-profit organizations must balance the need for financial transparency with donor expectations and reporting requirements.

Accounts

Fintech Labs Insights

JANUARY 4, 2017

Keystone Bank ($2 billion in assets) will deploy NetGuardians’s FraudGuardian technology, which leverages Big Data and predictive analytics to enable continuous auditing across channels, IT levels, and financial transactions.

Central Bank

Nanonets

MAY 7, 2024

This may include regular review and validation of financial transactions, segregation of duties, approval workflows, and periodic audits. Monitor and Review: Continuously monitor and review the reconciliation process to ensure ongoing accuracy and effectiveness.

Reconciliation

Nanonets

APRIL 7, 2025

Regulatory data extraction manages compliance documentation, quality metrics, and reporting requirements for healthcare governing bodies. Regular audits and continuous improvement processes are essential to ensure the tool's accuracy and reliability over time. Next, focus on your team and processes.

Automation

The Payments Association

APRIL 14, 2025

Next steps/action required: Conduct a full accessibility audit of all customer-facing digital platforms, payment terminals, and service interfaces to identify gaps against EAA standards. Continued participation in the Banks engagement initiatives remains critical to ensure preparedness as the design phase evolves.

Regulations