Fintech Review

JANUARY 30, 2025

What is this document about We look through this document and highlighted five aspects that companies should pay attention to: Industrial risk management. With recurrent checks of counterparties and providers, as well as ongoing audits; Information exchange. Theres no clear requirement on this point.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

The Payments Association

JANUARY 13, 2025

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

Compliance 88

Compliance Audit Legal Reconciliation 88

Neopay

OCTOBER 15, 2024

Training and audits are two pillars of compliance. Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful. If you’re looking for a holistic review of your operations to match regulatory standards, a compliance and regulatory audit is the best choice.

Audit 59

Audit Compliance Assessments Financial Crimes 59

Basis Theory

NOVEMBER 12, 2024

Instead of using the original sensitive data, developers and their applications use previously-generated tokens to execute traditional operations that sensitive data would provide, like performing analyses, generating documents, or customer verification.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

VISTA InfoSec

MAY 24, 2024

Develop and document security policies and procedures tailored to business operations. Information Security Management System (ISMS) Internal audit under section 12.1.1 Implement security measures such as firewalls, encryption, and access controls to protect cardholder data. Conduct PCI DSS training for all employees. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

VISTA InfoSec

FEBRUARY 25, 2024

Breaches involve stealing or leaking confidential data like customer records, passwords, financial documents, emails, or intellectual property that companies entrust to online environments. Conduct audits periodically post-partnership. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

Finovate

JANUARY 22, 2025

The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. The partnership will enable the financial institution to automate specific parts of its income verification and document handling processes to boost efficiency for mortgage brokers.

Verification 52

Verification Audit Automation Fraud Prevention 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

Nanonets

MAY 23, 2025

It can generate invoices from conversations and documents, alert you about payment issues, and recommend steps to improve your financial operations. For instance, organizations processing hundreds of non-standard invoices daily may need more specialized document processing tools.  You can see the same in the GIF above.

Automation 52

Automation AI Duplicate Process 52

Nanonets

SEPTEMBER 18, 2024

Financial document automation is not just changing the game – it's rewriting the rules.    From multinational banks and big accounting firms to local insurance agencies and small healthcare providers, businesses of all sizes process hundreds and thousands of financial documents daily.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

The Payments Association

DECEMBER 9, 2024

The strides that Artificial Intelligence (AI) has made across various industries have been well documented. Fraudsters can employ generative AI to simulate entire conversations, impersonate trusted contacts, or create fake documents that pass through verification systems undetected.

Privacy 88

Privacy Payment Security AI Security 88

Nanonets

MAY 22, 2025

They work well for basic invoice processing and anomaly detection, but handling complex AP workflows, managing multiple input sources, or dealing with varied document formats often requires additional capabilities. Automated document import The first challenge in any AP process is document intake.

Automation 52

Automation AI Payment APIs and Integration Reconciliation 52

FloQast

MAY 9, 2024

These enhancements usher in greater automation and visibility, empowering proactive risk assessment, more effective management of compliance programs, and smoother internal audit processes. But spreadsheets managing compliance documents often lead to version control issues. Organizational Chaos: Challenge : Look, we all love Excel.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

M2P Fintech

APRIL 11, 2025

Key Proposals in the RBI’s Draft Guidelines Standardized Gold Valuation Lenders must use a transparent and uniform method for valuing pledged gold, with valuation done by certified personnel and subject to periodic audits. Purity checks must be documented and auditable.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

FloQast

NOVEMBER 28, 2023

Recently, FloQast published an e-book on how technology can improve audit efficiency based on Ashley’s first-hand experience. Most audit firms are now working with various analytical or data evaluation tools. This makes collaborating on documents much easier than sending versions through e-mails.

Audit 59

Audit Process Technology Reconciliation 59

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. The accountancy firm, which has audited Wirecard since 2010, has been thrust into the center of the scandal around $2.1 billion) in cash, the Financial Times reported. OCBC declined to comment, the paper reported.

Accounts 116

Accounts Audit Procedures Processors 116

FloQast

JUNE 12, 2024

These inefficiencies not only led to wasted time and resources but also resulted in significant audit fees. Curis’s Success with FloQast: A Summary Eliminated $110,000 in external audit fees by combining Close and compliance efforts. Streamlined workflows through automation and centralized documentation.

Compliance 105

Compliance Close Processes Audit Automation 105

FloQast

APRIL 30, 2024

Organizational Chaos : Compliance documents managed in spreadsheets often lead to version control issues and synchronization challenges, hindering effective control implementation and audit processes. Audit Pain and Expense : I hear you. Audits in general are a pain.” Turns out, you’re not alone. I know, I know.

Compliance 105

Compliance Addressing Audit Risk 105

Neopay

JANUARY 22, 2025

Generate realistic fake documentation to bypass due diligence processes. Regular audits: Conducting comprehensive compliance audits to identify vulnerabilities and strengthen internal controls. Fraudsters can use GenAI to: Quickly learn about specific targets and create personalised scams.

AI 59

AI Deepfake Phishing Audit 59

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The SOC framework includes multiple internal control audit reports. Now let’s examine the key differences between SOC and SOX audits. It applies to all U.S.

Audit 130

Audit Compliance Laws Government 130

VISTA InfoSec

NOVEMBER 4, 2024

Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions. 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. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions. 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. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions. 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. Prepare for compliance audits Document all compliance efforts meticulously, from gap analyses and risk assessments to remediation actions. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Fintech Finance

MAY 20, 2025

The company recommends the following steps: Monitor for Dispute Trends and Early Warning Signs Audit chargeback data to identify recurring codes such as “item not received” or “unauthorised transaction.” ” Monitor for sudden spikes in disputes across specific products or geographies.

Consumer 75

Consumer Disputes Audit Mitigation 75

VISTA InfoSec

NOVEMBER 12, 2024

Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). Develop an incident response plan Prepare a documented response plan outlining steps to take in case of a data breach. and 10.2 ). check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Incident response : SaaS businesses need a documented incident response plan that details how to handle a data breach if one occurs ( Requirement 12.10 ). Develop an incident response plan Prepare a documented response plan outlining steps to take in case of a data breach. and 10.2 ). check out this video.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Neopay

MARCH 6, 2025

However, the FCA alleges that Dance abused his position for personal financial gain, fabricating documents and misleading clients. regular compliance audits: Proactive audits help in identifying gaps before they escalate into major regulatory breaches.

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

VISTA InfoSec

SEPTEMBER 30, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Data Protection Officers are individuals who helps maintain and oversee an organizations data protection strategy. Also Read : CCPA Compliance Guide 2.PIPEDA

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Data Protection Officers are individuals who helps maintain and oversee an organization’s data protection strategy. Also Read : CCPA Compliance Guide 2.PIPEDA

CCPA 130

CCPA Privacy Laws Data Breach 130

FloQast

MARCH 27, 2024

Additionally, with Audit Reports, managers can track changes to processes, noting who made a change and the timing, ensuring strategy remains aligned with execution. Audit Readiness Remember this? This decreases the audit burden on the accountants while keeping auditors happy with the organization of it all.

Reconciliation 105

Reconciliation Audit Accounts Best Practices 105

Nanonets

OCTOBER 30, 2024

Docsumo is a document processing solution designed to help businesses automate data extraction and reduce manual data entry. It enables teams to automatically extract valuable information from various document types, including invoices, bank statements, insurance forms, and shipping documents. Strong in supplier collaboration.

Bots 52

Bots Automation Database AI 52

VISTA InfoSec

OCTOBER 11, 2023

Their job is to prepare the ROC, which is a detailed document that records the results of a PCI DSS evaluation. The QSA does this by conducting an audit of the organization’s processes and controls. Our PCI DSS experts stand ready to prepare your team for an audit, swiftly identifying gaps and assisting in their remediation.

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

VISTA InfoSec

JULY 31, 2023

Maintain Documentation of Your Procedures : Keep a record of your process and create visual representations of cardholder data streams between systems and networks. Upgrade your security settings and maintain documentation for configuration security hardening procedures.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

VISTA InfoSec

JULY 17, 2024

Create a clear policy document that outlines every step of your cybersecurity plan. The documents should also include detailed encryption standards Sensitive info should be protected during transmission and storage. Outline regular audit processes to check compliance with these policies.

Cybersecurity 238

Cybersecurity Compliance Encryption Best Practices 238

VISTA InfoSec

OCTOBER 25, 2023

On the admin side, consider risks related to employee turnover, documentation gaps, and security awareness. It aligns with ISO 31000:2018’s emphasis on transparency, shared responsibility, and continuous improvement through documentation and sharing of risk evaluation outcomes. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130