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. Interview those in charge: do these accounts follow these strict procedures?

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

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

VISTA InfoSec

JANUARY 22, 2024

Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.2.a Requirement and Testing Procedures 3.1 Minimize cardholder data storage by implementing policies, procedures, and processes for data retention and disposal. Requirement and Testing Procedures 3.3 Requirement and Testing Procedures 3.4

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

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. Standardize portfolio management procedures and segregate duties to minimize operational risk. Best Practices for Hedge Fund Operations Implement strong governance and oversight.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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

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 Procedures 88

VISTA InfoSec

FEBRUARY 16, 2024

The requirement mandates that software development procedures must be documented and examined to ensure that all security considerations are integrated into every stage of the development process. Verification involved examining software-development procedures and interviewing personnel. . The updated requirement of PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

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

CB Insights

NOVEMBER 2, 2017

Regtech software is digitizing compliance procedures and eliminating the backlog. The next wave of regtech will leverage advanced technology like machine learning, natural language processing (NLP), and blockchain to replace old policies and procedures. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulations Audit Office of the Comptroller of the Currency 72

Segpay

DECEMBER 13, 2024

In identity management, this right is challenging, particularly if a users information is stored in various authentication databases. Organizations must establish procedures for secure and compliant data deletion without compromising system integrity. How can organizations ensure data privacy?

Privacy 105

Privacy Compliance CCPA Authentication 105

Nanonets

MAY 10, 2023

This article will show how workflow management solutions can automate routine procedures, minimize repetitive jobs and operator mistakes, detect bottlenecks, and simplify communication across all departments. Workflows are used to define the procedure that is required before the task is considered complete. What is workflow automation?

Automation 98

Automation Rules Procedures Process 98

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. Your therapist’s office manually requests documents from each provider.

Blockchain 78

Blockchain Audit Process Risk 78

Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. and assessments, significantly eliminating prep efforts and reducing audit timelines (to as little as 21 days.) Return to Top Who needs to be PCI compliant?

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Nanonets

SEPTEMBER 21, 2023

Moreover, including the purchase order number on the invoice provides a transparent audit trail, allowing for easier tracking and reconciliation of financial records. By implementing this effective tool, businesses can streamline their purchasing procedures, minimize risks, and build stronger relationships with suppliers.

Disputes 52

Disputes Legal Procedures Facilitators 52

Trade Credit & Liquidity Management

MAY 27, 2025

Even when not legally mandated, there are many benefits for trade creditors to adopt KYC procedures as a risk management best practice, especially when dealing with high-value or international transactions. Obtain and review information from reporting agencies or relevant public databases. Seek and verify valid financial references.

Due Diligence 52

Due Diligence OFAC Compliance Fincen 52

Nanonets

SEPTEMBER 27, 2024

A policyholder gets a minor procedure done over the course of a day while being hospitalized. 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. or databases, like, Amazon S3.

Process 52

Process Underwriting Automation Database 52

Nanonets

JULY 13, 2023

Audit and Record-Keeping Duplicate receipts can create challenges during internal audits or financial reviews. Clarification and Education Reinforce the proper procedure for submitting receipts and highlight any specific guidelines to prevent future mistakes. How to Improve Duplicate Detection?

Duplicate 52

Duplicate Audit Process Rules 52

Nanonets

MAY 8, 2023

You can also create a new file on Google Sheets or the database of your choice containing all the extracted data. Nanonets also maintains a proper audit log for third-party inspections so you don’t have to save documents physically. Why should you choose Nanonets?

Reconciliation 52

Reconciliation Automation Process Adjustments 52

Nanonets

JULY 21, 2023

In addition to accelerating the reconciliation process, reconciliation software also enables an audit trail, significantly improving transparency and accountability. Once approved, the reconciled data is securely stored in a centralized database, ensuring an auditable trail.

Reconciliation 52

Reconciliation Payment APIs and Integration Automation Online and Mobile Banking 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. Regularly train staff on adjustment procedures to minimize errors. Ensure all statements are properly scanned and readable.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

SEPTEMBER 21, 2023

In addition to aiding in financial transactions, invoices are an integral part of  accounting internal controls  and  audits. Invoices play a crucial role in maintaining accurate accounting records, internal controls, and facilitating  audits.

Audit 40

Audit Legal Accounts Facilitators 40

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

Nanonets

MARCH 14, 2024

Compliance: It ensures compliance with internal procurement policies and external regulations, minimizing financial risks and audit issues. initiates payment for approved invoices, following their payment procedures. Invoices and POs can also be imported into Nanonets from your mail, apps and databases.

Payment APIs and Integration 52

Payment APIs and Integration Automation Correspondent Checks 52

Nanonets

MAY 31, 2023

Large businesses often have a centralized procurement department with its own employees and procedures.  Record-keeping is also essential for reference, auditing, and budgeting purposes. Maverick purchasing: A fragmented and mismanaged procurement process can result in employees bypassing set procedures while making purchases.

Process 52

Process Automation Product Third Party Vendors 52

Nanonets

FEBRUARY 28, 2024

The data reconciliation process is an intricate procedure designed to ensure data accuracy and consistency across various sources within an organization. How does it work? It plays a critical role in maintaining the integrity of business operations and decision-making. The aim is to consolidate all relevant data in preparation for analysis.

Reconciliation 52

Reconciliation Process Audit Compliance 52

Nanonets

OCTOBER 1, 2024

Company Policies: Guide internal procedures for invoice processing Now, let’s put them all together to understand the validation process: 1. The invoice is then filed for future reference or audits, completing the validation process. This leads to an overpayment, which is only discovered during the next audit cycle.

Best Practices 40

Best Practices Automation Multi-Currency Process 40

Nanonets

JUNE 15, 2023

They allow for the transfer of information, the tracking of decisions, the formalization of procedures, and the documentation of business transactions, among many other things. It also made auditing a daunting task, as tracking document flow was challenging. This has expedited the approval process and provided a clear audit trail.

Automation 40

Automation Payment APIs and Integration Audit Process 40

Nanonets

SEPTEMBER 21, 2023

These systems can extract relevant information from invoices, such as due dates and payment amounts, and automatically organize them in a centralized database. Regular audits should be conducted to detect and prevent any potential  accounts payable fraud , ensuring the integrity of payment processes.

Accounts 40

Accounts Best Practices Automation Reconciliation 40

Nanonets

APRIL 4, 2023

This usually includes forwarding information to appropriate staff members, updating central databases and ERP systems, or simply archiving. Here is a simple six-step process : Audit your current mailroom : Evaluate your mailroom procedures, including inbound mail volume, document types, and manual document management.

Automation 52

Automation Correspondent Process Fed 52

Nanonets

APRIL 30, 2023

Implementing the necessary procedures to maintain records and promote accuracy within your payroll function relies on creating an effective payroll accounting system. Automate information extraction and sync databases Add proper rules to comply with your policies. Be audit ready - Maintain a log of all your actions with Nanonets.

Payroll 52

Payroll Automation Accounts Reconciliation 52

EBizCharge

MAY 14, 2024

Automated billing systems work by integrating with a company’s existing financial and customer databases and their accounting software. Improved accuracy Automated billing software is programmed to follow predefined rules and procedures consistently, minimizing the risk of human error inherent in manual billing processes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

MAY 22, 2024

This can be done through detailed audits, process mapping, and feedback from procurement staff and stakeholders. Supplier information and contracts are stored in a centralized, accessible database, providing real-time insights and improving decision-making. Objectives Set clear, measurable transformation goals.

Process 52

Process P2P Automation Adjustments 52

Nanonets

MARCH 4, 2024

Receipts are captured faster than a speeding bullet, thanks to the wonders of mobile technology and seamless integrations to import receipts from your apps and databases. Compliance Cruise Control:  Continuous, automated audits make life easier. Expense Incurrence:  Same old expenses, but here's where the magic happens.

AI 52

AI Payment APIs and Integration Fraud Detection Automation 52

Nanonets

AUGUST 8, 2024

Annotation tools must offer enterprise-grade security features, including encryption, access controls, and audit trails. Final thoughts In the same way data continues to evolve, data annotation procedures are becoming more advanced. Thankfully, AI (artificial intelligence) systems are now accessible to automate the procedure.

AI 52

AI Automation Process Best Practices 52

Nanonets

JANUARY 16, 2024

With the ability to connect various applications, databases, and documents, Nanonets enables the creation of unified workflows that seamlessly automate manual tasks across different platforms. This allows users to create and run workflows using simple, conversational language, making the automation process more intuitive and accessible.

Automation 52

Automation Payment APIs and Integration Process CRM 52

CB Insights

AUGUST 25, 2017

Deploying blockchain solutions in education could streamline verification procedures – thus reducing fraudulent claims of un-earned educational credits. In both the primary/secondary schooling and university environments, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking).

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

Basis Theory

FEBRUARY 25, 2025

Using Masked Data for Testing Humans and applications need data to test various system functions or standard operating procedures. Depending on the type of data being held and its usage, this could cost hundreds of thousands of dollars to build, maintain, and audit. Return to Top What are the Benefits of Data Masking?

Encryption 100

Encryption Origination CCPA Returns 100