Fintech News

APRIL 7, 2024

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This regulatory compliance extends to the new stablecoin, ensuring it meets global standards. added Monica Long, Ripple’s President.

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Stablecoins Use Case Blockchain Regulatory Compliance 122

Fintech Review

MAY 10, 2025

Better data visibility also supports regulatory compliance, audit preparation, and financial reconciliation for global operations. Global Expansion : Successfully scaling issuing programmes globally requires local regulatory compliance, banking partnerships, and nuanced operational playbooks.

Payment APIs and Integration 52

Payment APIs and Integration Embedded Finance API Regulatory Compliance 52

Fintech Review

JUNE 18, 2024

Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Ensure auditability and the future success of the fund by keeping detailed records of transactions, valuations, and investor communications. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

The Fintech Times

FEBRUARY 11, 2024

Continuum Live This plug-and-play hosted offering brings the benefits of the Napier Continuum platform to organisations looking to go live and achieve regulatory compliance as quickly as possible. The post Napier Launches Two New Service Offerings for Enhanced AML Compliance appeared first on The Fintech Times.

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Compliance AML Financial Crimes Payment APIs and Integration 83

FICO

JANUARY 25, 2022

The 5 top posts for decision management on the FICO Blog last year dealt with digital transformation in insurance, automated originations, responsible AI, model governance and, strangely enough, movies! Here are extracts from those posts. Read the full post: Digital Transformation and the Future of Insurance.

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Posting AI Government Governance 52

EBizCharge

MARCH 18, 2025

Here are five ways you can ensure secure payments with Sage credit card processing: Maintain full PCI compliance: PCI Standards require merchants to follow strict security protocols, such as encrypting payment data, limiting access to sensitive information, and regularly monitoring for vulnerabilities.

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Credit Cards Process Security Data Breach 52

The Fintech Times

JANUARY 25, 2024

Overall, 70 per cent of respondents agree that their data lacks the transparency and flexibility required for regulatory reporting. In addition, 73 per cent of firms struggle to receive all the data they require to complete internal and external audits – a concerning finding as auditing season approaches.

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Process Audit Regulatory Compliance Consulting 65

Fintech Review

JANUARY 9, 2024

Prioritize Regulatory Compliance Photo by Sora Shimazaki on Pexels.com For fintech founders, one of the primary areas of focus should be regulatory compliance. Navigating this regulatory landscape can be challenging, but it’s paramount for success.

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FinTech Regulatory Compliance Compliance Regulations 64

FICO

JUNE 5, 2017

Facilitating engineering, deployment, management and regulatory compliance: While text and the process of analyzing it can be quite complex, the results need to be simple to understand and use. The post The Future of Analytics: The Revolution Will Be Unstructured appeared first on FICO.

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XML Origination Regulatory Compliance CRM 108

The Fintech Times

NOVEMBER 26, 2024

Lana Sinelnikova – business compliance and enterprise-wide risk assessment director Sinelnikova’s team provides end-to-end compliance control and advice to various business units across their products’ lifecycle and develops compliance risk programs on both global and local levels.

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Compliance Financial Crimes Crime Money Laundering 65

The Fintech Times

AUGUST 9, 2024

Capitalising on strong UAE position Panellists also focused on the absence of a standardised accounting framework for digital assets, which can lead to inconsistencies in reporting, impacting investor confidence and potentially complicating regulatory compliance.

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CBDC Digital Currency Central Bank Cybersecurity 65

Fintech News

APRIL 28, 2024

Remaining compliant Finally, the seventh and last trend highlights the use of technology and automation to enhance regulatory compliance, risk management, and internal audit processes. Compliance functions face ever-changing and more demanding regulator and customer expectations.

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AI Innovation Financial Crimes Crime 113

Fintech Review

FEBRUARY 11, 2025

Regulatory compliance also poses challenges. They should conduct regular audits to detect bias and ensure compliance. The post AI in Fintech: Augmenting Decision-Making, Not Replacing It appeared first on Fintech Review. AI models are only as good as the data they process. Consumers also demand ethical AI.

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AI FinTech Risk Assessment Assessments 66

The Fintech Times

SEPTEMBER 13, 2024

Finally, such systems also provide an audit trail of how policies were implemented, and decisions were made, providing easy access to vital information when undergoing audit by a regulator.” Spreadsheets, while familiar, are often inefficient, prone to human error, and lack the robust audit trails necessary for compliance. .

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Compliance FinTech Reconciliation Audit 73

FICO

MARCH 24, 2021

These include: Post-pandemic shift to a new world order with associated changes to the relative importance of different currencies. Designation of qualified compliance officer along with a compliance oversight committee (or governance committee). Conducting internal monitoring and auditing. by Claudia Huesmann.

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Money Laundering SARS Financial Crimes Fincen 98

Neopay

AUGUST 5, 2024

Detailed records of all safeguarding training should be maintained for audit purposes. It helps firms comply with regulatory requirements, thereby avoiding penalties and reputational damage. It helps firms comply with regulatory requirements, thereby avoiding penalties and reputational damage.

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Compliance Procedures Audit Risk Management 52

Fintech Finance

MARCH 12, 2024

By leveraging standards-based data encryption, tokenization, and masking, the comforte Data Security Platform provides granular audit and control for regulatory compliance without affecting service levels or compromising efficiency. “We Compliance appeared first on Fintech Finance. PCI DSS v4.0

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PCI DSS Compliance Encryption Real Time Payments 52

FloQast

JANUARY 22, 2024

You can and should: Maximize performance Minimize workload Accounting and finance functions are crucial to your organizational performance and increasing enterprise value is possible by leveraging things like workflow automation, reporting, and audit readiness.

Automation 52

Automation Technology Audit Compliance 52

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

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FinTech Compliance Regulations Non-Bank 130

The Fintech Times

APRIL 5, 2024

These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations. Ripple is committed to regulatory compliance and has a growing license portfolio in key regions around the globe. The stablecoin market is about $150billion, and is forecasted to exceed $2.8 trillion by 2028.

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Stablecoins Use Case Blockchain On-Demand 65

Fintech Finance

MARCH 14, 2024

He brings a comprehensive regulatory understanding and supervisory experience to solidify Flutterwave’s dedication to upholding the highest regulatory, compliance, and governance standards. Presently, he chairs the Board Audit and Governance Committee of United Capital Plc.

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Non-Bank Audit Compliance Government 52

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. Audits, advice and reviews from third-party specialists such as Neopay are essential now really.

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AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

Neopay

FEBRUARY 29, 2024

As we approach the full implementation deadline, continued collaboration between regulatory authorities, firms, and industry stakeholders will be instrumental in fostering a robust and consumer-centric financial ecosystem. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

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Consumer Protection Consumer Compliance Assessments 59

Fintech Finance

FEBRUARY 27, 2024

The FCA’s EMI licence, which builds on the company’s previous accreditation as an authorised payment institution in Europe, is a testament to Enfuce’s dedication to the highest standards of regulatory compliance. The post Enfuce receives EMI licence to boost UK expansion appeared first on Fintech Finance.

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Regulatory Compliance Compliance Accreditation Issuers 52

Fi911

NOVEMBER 7, 2023

These may align with industry best practices or other regulatory frameworks. It’s paramount for such institutions to liaise with legal experts to ensure total regulatory compliance. The post Understanding AML Compliance in the Banking Sector appeared first on fi911blog.

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AML Compliance Money Laundering OFAC 52

The Fintech Times

OCTOBER 12, 2024

ESG 360 : An AI-Driven Platform using existing ESG Reports to produce a gap analysis for regulatory compliance that provides full audit capability. The post FinTech Scotland Unveils Winners With Best Fintech Proposals Tackling ESG Integration Challenges appeared first on The Fintech Times.

FinTech 52

FinTech Regulatory Compliance AI Professional Development 52

Neopay

FEBRUARY 27, 2024

One of the biggest challenges facing fintech companies today is the increased costs and complexity of compliance. With regulatory bodies imposing stricter standards and more frequent audits, firms are finding it increasingly difficult to keep up.

FinTech 59

FinTech Compliance Audit Money Laundering 59

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry. The post FCA Authorisations: How are things changing?

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Payments Association

MAY 16, 2025

Next steps/action required: Commission a digital accessibility audit of all consumer-facing platforms and payment interfaces. Next steps/action required: Audit your current SCA exemption strategy and soft decline rates. Prepare financial models for potential savings or compliance costs post-ruling.

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Regulations ISO 20022 Cross-Border Legal 88

CB Insights

JANUARY 4, 2018

Wealthfront is unflinching in its desire to automate the experts with CEO Andy Rachleff penning a post that makes clear the company’s position on this subject with his post “Software is Better Than People.” The Washington Post reports that this could be the only SV startup registered as a law firm. Series A round.

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Automation AI Audit Consulting 75

Fintech Finance

JANUARY 30, 2024

Failure to comply means companies can incur heavy fines and suffer significant reputational damage; data from HM Treasury 7 shows that the total value of fines levied by the various UK supervisory bodies for non-compliance jumped from £109m in 2020-21 to £504m in 2021-22.

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Payee Money Laundering Non-Bank Checks 52

EBizCharge

JULY 16, 2024

Return and correction procedures Following NACHA standards, financial institutions and other network participants must adhere to precise returns and error correction procedures to ensure seamless payments and regulatory compliance within the ACH network.

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NACHA Nacha Rules ACH Network ACH 52

Neopay

JULY 2, 2024

How Neopay can help At Neopay, we recognise the importance of regulatory compliance and consumer protection. We offer services such as compliance audits, workshops, and training, helping firms adapt to the evolving regulatory landscape with confidence. Registration is required to attend.

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Consumer Compliance Regulatory Compliance Assessments 52

FICO

JUNE 16, 2016

Mandated audit capabilities are driving collectors to communicate more skillfully in a consultative manner in a variety of channels. They found themselves with stagnant recovery rates and languishing consumer accounts while regulatory disputes within the industry were skyrocketing. The times, they are a-changing.

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Disputes Issuers Regulatory Compliance Returns 45

Neopay

MARCH 7, 2024

Due diligence and monitoring: Policies lack specificity, leading to ambiguity in the actions required for compliance with MLRs, particularly concerning due diligence, ongoing monitoring, and the establishment of effective procedures. The post FCA issues warning to firms over AML failings appeared first on Neopay.

AML 52

AML Financial Crimes Crime Risk Assessment 52

FloQast

MAY 13, 2024

From automated bookkeeping and bank reconciliations to AI-driven tax preparation and audit processes, these new technologies enhance efficiency and accuracy and give accountants more time to focus on higher-level, more strategic work. This technology offers an immutable ledger, reducing fraud risks and ensuring a clear audit trail.

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Accounts Technology Cybersecurity Audit 52