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. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

VISTA InfoSec

OCTOBER 25, 2023

Implement Risk Treatment Plan and Statement of Applicability: The Risk Treatment Plan (RTP) in ISO 27001 certifies threat responses and is subject to audit. Compile Risk Assessment Reports For audit and certification, you need to prepare two crucial documents: The RTP and SoA. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

The Paypers

MARCH 15, 2022

RiskBusiness , a provider of governance, risk, audit, compliance, and content Software-as-a-Service (SaaS) solutions, has completed the acquisition of the Global Operational Loss Database (GOLD) from partner UK Finance.

Database 28

Database Acquirers Audit Compliance 28

PYMNTS

NOVEMBER 25, 2020

In the case of recognition, an individual’s picture might be compared to millions of other faces in a database, one by one. He said the person would examine a slew of facial images to determine authenticity, and in effect audit the data. Facial recognition is about exposing one’s identity.

AI 141

AI Verification Disaster Recovery Authentication 141

VISTA InfoSec

FEBRUARY 28, 2024

Specific Requirement - New: Rules for limited shared account use (duration, documentation, approval, auditability). Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Significant shift in approach. New framework for unavoidable exceptions.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

The Fintech Times

MARCH 18, 2024

In February, the BSV Association partnered with Aerospike , a leader in real-time, high-performance NoSQL databases, to subject Teranode to a rigorous six-month stress test ahead of its full node implementation later in 2024. However, Teranode is not some whiteboard mirage that teases a technological paradise that never gets any closer.

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

PYMNTS

MARCH 6, 2019

Distributed ledger technology (DLT), in essence, is a distributed database that securely stores and organizes data. Across treasury and supply chain efforts, Rodrigues noted, blockchain can help improve risk management through three major points: data redundancy, auditability and smart-contract permissions.

Treasury Management 75

Treasury Management Treasury Blockchain Distributed Ledger Technology (DLT) 75

VISTA InfoSec

JULY 31, 2023

Regularly Generate Audit Logs : Antivirus software should be active, updated, and generate audit logs regularly. Install Antivirus on All Systems : Install antivirus on all systems commonly infected with malware and ensure regular scans and audits. Access to Audit Logs : This includes tracking access to audit logs.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Nanonets

OCTOBER 30, 2024

Docsumo comparison Criteria Maximum Score Nanonets Docsumo Instant learning with AI 5 ✓ ✗ Support different types of document natively 5 ✓ ✓ Per document cost cheaper than human 5 ✓ ✓ Unstructured Documents 5 ✓ ✓ Text heavy documents 5 ✓ ✗ Doesn't require manual intervention (..)

Bots 52

Bots Automation Database AI 52

PYMNTS

DECEMBER 4, 2018

Late last month Amazon Web Services (AWS) announced it was rolling out two new solutions designed to enhance the transparency of corporate transactions for companies that have full audit requirements.

Blockchain 83

Blockchain Database Audit Digital Currency 83

PYMNTS

JANUARY 26, 2018

The solution can also safeguard information linked to compliance, auditing and regulatory review, the company noted. Blockchain technology is superior to the current centralized, cloud-based databases for recording digital asset transfer and access by third parties,” the company stated.

Blockchain 62

Blockchain B2B Transactions API 62

PYMNTS

DECEMBER 26, 2018

. “Blockchain will begin to emerge as a meaningful technology in use cases like auditing and approval workflows, where strict corporate processes must be adhered to for payment authorization. “The industry comes back down to earth on Amazon QLDB [Amazon Quantum Ledger Database] a bit.

Blockchain 80

Blockchain B2B Cross-Border Payments 80

Fintech Review

MAY 4, 2025

The best SaaS fintech software for KYC and AML helps companies automate checks, improve onboarding conversion, and stay audit-ready. Persona Provides fully customisable identity verification flows with options for ID checks, biometrics, and database lookups. Here are the top platforms driving innovation in this critical space: 27.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

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 Compliance Disputes 53

Nanonets

JULY 22, 2024

However, with a shift towards Workflow Automation, application of AI is going beyond automating specific tasks but instead automating entire workflows including Accounts Payable, Accounts Receivable, Financial Close, Financial Reporting and Audits.

AI 52

AI Audit Automation Reconciliation 52

PYMNTS

APRIL 28, 2019

Earlier this month, the Los Angeles Police Department got rid of its “chronic offender” database after concerns about inaccuracy, as well as an audit from the department’s inspector general that found “significant inconsistencies” in how the database was being used, whether people were informed they were on it and a general “lack of oversight.”.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

PYMNTS

JUNE 4, 2019

The GAO released a report today (June 4) saying the bureau is not complying with five of six recommendations it made, which involve assessing the accuracy of the database of drivers’ licenses, mugshots and other identifying photos supplied to the FBI by at least 20 states.

FBI 43

FBI Law Enforcement Database Audit 43

PYMNTS

JANUARY 7, 2020

With all of the services, the Sustainability Cloud intends to allow businesses an accessible, central way for their environmental data to be displayed.

Product 53

Product Database Best Practices Audit 53

The Payments Association

MARCH 19, 2025

A modular polyglot architecture, where banks adopt a diverse ecosystem of technologies, for example, relational databases for transactions, NoSQL for real-time data, and distributed ledgers for auditability, offers strategic response. Yet, fate demands action now without delay.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

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

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

NOVEMBER 29, 2018

Amazon Web Services (AWS) is rolling out two new solutions designed to enhance the transparency of corporate transactions for companies that have full audit requirements. ” He spoke at the firm’s re:Invest conference on Wednesday, when the products were announced, separate reports in CNBC said.

Blockchain 61

Blockchain Database Audit Transactions 61

PYMNTS

NOVEMBER 23, 2016

Through its ability to automate the audit feature and distribute database cost through added utility, blockchain peer-to-peer decentralized databases have the ability to reshape the future of inventory management,” said Blanchard. Kristian Gjerding, CEO of CellPoint Mobile, gave the example of the travel sector.

Blockchain 75

Blockchain Authentication Database Non-Bank 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 BSA Due Diligence 45

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. A PCI QSA audit can provide assurance that you’re on the right track.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Finovate

SEPTEMBER 18, 2024

Using a combination of document, database, and biometrics checks, ID-Pal enables businesses to verify the identity of their customers in real-time. ID-Pal also streamlines OFAC, AML, and KYC processes into a single compliant workflow to ensure a comprehensive audit trail.

Fraud Detection 64

Fraud Detection Verification Payment APIs and Integration OFAC 64

PYMNTS

DECEMBER 8, 2019

Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases. The Fed is considering an audit of Big Tech firms’ compliance policies and governance structures.

Regulations 52

Regulations Federal Reserve Financial Inclusion Fed 52

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

Segpay

DECEMBER 13, 2024

In identity management, this right is challenging, particularly if a users information is stored in various authentication databases. For instance, decentralized identity solutions using blockchain could allow users to control their own identity data, reducing reliance on centralized databases that are vulnerable to breaches.

Privacy 105

Privacy Compliance CCPA Authentication 105

VISTA InfoSec

JANUARY 22, 2024

d Check a sample of audit logs to confirm PAN is unreadable or not present. b Check data repositories and audit logs to confirm PAN is unreadable. Requirement and Testing Procedures 3.4 b Check several tables or files from data repositories to confirm PAN is unreadable. c Check a sample of removable media to ensure PAN is unreadable.

PCI DSS 100

PCI DSS Encryption Procedures Authorization 100

The Finance Weekly

APRIL 13, 2024

Drill-down and audit control allow each finance team to understand and control every aspect of their budget and forecast. Key Features Regularly updated tax tables and regulation database. Added protection with Audit Defense included at no extra cost. Added protection with Audit Defense included at no extra cost.

Finance 130

Finance Multi-Currency Online and Mobile Banking Credit Cards 130

CB Insights

NOVEMBER 2, 2017

This technology ranges from complementing existing compliance, audit, and risk workflows to replacing and wholly automating them through leveraging cutting-edge technologies like artificial intelligence, machine learning, and the blockchain. One-way regtech on blockchain is being leveraged to create a distributed ledger audit trail.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

The Fintech Times

JANUARY 5, 2024

Graph databases’, which store complex data structures (most commonly used for social networks), and which are very powerful when combined with generative AI (GenAI), will come to the fore. “Breakthroughs in GenAI and transfer learning from top universities and big tech are driving the next wave of innovation around AI. .

AI 75

AI Database Financial Crimes Compliance 75

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 103

Financial Crimes Crime APACS Risk Assessment 103

Nanonets

SEPTEMBER 18, 2024

They are responsible for vendor payments, maintaining transaction records, auditing, taxation, and regulatory compliance. Automating document processing allows these firms to quickly extract financial data from various sources, perform audits with fewer manual steps, and generate reports automatically.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

CB Insights

MARCH 21, 2018

Combating fraud is one of the most compelling use-cases of the blockchain, which can provide insurers and insurees a permanent audit trail that can be used to evaluate claims. But an insurance audit trail isn’t just useful for preventing fraud. A system proposed by MedRec for storing medical data on the blockchain.

Blockchain 78

Blockchain Audit Process Risk 78

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. How does AI document processing address common workflow challenges?

Process 97

Process AI Payment APIs and Integration Compliance 97