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

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Bots Risk Assessment 52

Fintech News

FEBRUARY 10, 2025

Financial regulators need to ensure that AI systems are designed to avoid amplifying existing biases and that they undergo regular audits to check for discriminatory practices. Regulators risk being left behind if they fail to create forward-thinking policies that account for the complexities and risks of AI in financial services.

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

VISTA InfoSec

NOVEMBER 4, 2024

Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Fintech Times

FEBRUARY 5, 2025

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

Compliance 65

Compliance Cybersecurity Audit AI 65

VISTA InfoSec

MARCH 6, 2024

Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Maintains the risk assessment step.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

PYMNTS

FEBRUARY 17, 2019

Yes Bank is facing criticism by the Reserve Bank of India , which contends disclosures from an audit report were released in an effort to mislead the public. Reserve Bank of India went on to say that Yes Bank broke rules around confidentiality and regulatory guidelines by releasing information from the risk assessment report.

Audit 49

Audit Risk Assessment Assessments Regulations 49

Nanonets

JUNE 19, 2023

Accounts payable audits play a crucial role in the financial health of businesses. This article covers why accounts payable audits are important to maintain financial health and the steps in an AP audit process. We will also cover how automation helps to streamline the AP audit procedure. What is an AP Audit?

Audit 52

Audit Accounts Procedures Compliance 52

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

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

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 Risk Assessment 130

VISTA InfoSec

NOVEMBER 12, 2024

Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Perform annual self-assessment or external audit Depending on your PCI DSS level, complete an annual self-assessment or undergo an audit conducted by a QSA.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Engage qualified security assessors (QSAs) Work with a QSA to perform a gap analysis, guide you through the compliance process, and conduct formal audits. Perform annual self-assessment or external audit Depending on your PCI DSS level, complete an annual self-assessment or undergo an audit conducted by a QSA.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

PYMNTS

OCTOBER 9, 2020

By helping firms scope appropriately sized audits and dynamically modify controls, Strike Graph seeks to take away the confusion around cybersecurity audit and certification procedures. The new funding will assist Strike Graph in hiring for more cybersecurity and engineering roles. million through its first round of financing.

Automation 107

Automation Compliance Audit Cybersecurity 107

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. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Audit Pain and Expense : I hear you.

Compliance 105

Compliance Addressing Audit Risk 105

Fintech News

JANUARY 25, 2024

These AI-based solutions are designed to strengthen EY’s use of ServiceNow risk management offerings, with emphasis on ethical, transparent, and accountable business conduct. The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing.

AI 120

AI Disputes Risk Management Risk Assessment 120

Fintech Finance

AUGUST 27, 2024

EURI will be available on the Ethereum and BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

Stablecoins 116

Stablecoins Multi-Currency Regulations Risk Mitigation 116

PYMNTS

APRIL 28, 2019

Set up in 2016 by companies including Google, Microsoft, Amazon and Facebook, The Partnership on AI released a report that stated algorithmic risk assessment tools cannot properly provide the right level of transparency and accountability. This report documents the serious shortcomings of risk assessment tools in the U.S.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

The Payments Association

MARCH 25, 2025

AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. We routinely audit our AI systems at Sends to ensure ethical usage and proper functionality. At Sends, we have implemented AI-driven fraud detection capabilities, allowing us to monitor real-time transactions.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Fintech News

MAY 22, 2024

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. Our expertise ensures that your business remains compliant, resilient, and well-positioned for growth.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. This includes proposals on firms’ systems and controls and improving FCA oversight through improved reporting and independent audit of firms safeguarding arrangements.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering 88

Money Laundering Compliance AML BSA 88

Fintech Review

FEBRUARY 11, 2025

Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments.

AI 66

AI FinTech Risk Assessment Assessments 66

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Payments Association

MAY 16, 2025

Yet, as adoption increases, so do the risks While AI improves efficiency, speed, and scale, it also introduces new compliance risks, many of which remain under-acknowledged and insufficiently addressed. This supports compliance with SYSC 8 (Outsourcing) and SYSC 13 (Operational Risk) in the FCA Handbook.

Compliance 88

Compliance AI Risk Audit 88

PYMNTS

OCTOBER 5, 2020

The company aims to eliminate the confusion related to cybersecurity audit and certification processes by assisting companies in scoping correctly-sized audits and dynamically adjusting controls. The new capital will help Strike Graph hire more engineering and cybersecurity positions.

Cybersecurity 56

Cybersecurity Audit Risk Assessment Encryption 56

FICO

NOVEMBER 30, 2017

Are traditional approvals and audit reviews of procure-to-pay transactions sufficient to prevent expenses fraud, waste and abuse in your organization? And even the best audit program is likely to miss issues such as split transactions, PO leakage, or potential HIPAA violations. The evidence suggests not. businesses more than $2.8

Audit 79

Audit Automation Risk Transactions 79

Neopay

MAY 31, 2024

With our tailored risk assessments, comprehensive training programs, regulatory guidance, compliance audits and continuous support, payment institutions can bolster their AML/CFT capabilities effectively.

Financial Crimes 52

Financial Crimes AML Money Laundering Crime 52

Nanonets

DECEMBER 13, 2023

Audit Trail and Transparency: AI Insurance Claims Processing systems maintain detailed audit trails of all activities within the claims processing workflow. This transparency is essential for regulatory audits, allowing authorities to review the entire process and verify that each step adheres to compliance requirements.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

AUGUST 28, 2024

EURI will be available on the Ethereum as well as the BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

Nanonets

FEBRUARY 9, 2024

It also applies to accounting firms, audit agencies, and any third party that a publicly traded company uses in its accounting management process. The act requires companies to develop, publish, audit, and actively use their ICFR. A detailed look at specific findings and any issues arising from audit. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

Finovate

FEBRUARY 15, 2024

Features Offers precision-tailored LLM specializing in financial data Delivers transparent data sourcing with detailed audit trails Provides advanced data security measures, mitigating breaches and compliance violations Who’s it for?

Due Diligence 59

Due Diligence Risk Assessment CRM AI 59