Remove Audit Remove Rules Remove Use Case
article thumbnail

Escrow and Trust Accounts in Legal Payment Processing

Clearly Payments

Common mistakes include: Commingling client funds with the firm’s own money Withdrawing fees before they are earned Failing to keep detailed records and reconciliations Clearly Payments helps law firms stay on track by enforcing trust account separation and providing clear audit trails. Get started with Clearly Payments today.

Legal 86
article thumbnail

Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. What is Agentic AI? On another point, Agentic AI is advancing far quicker than regulatory frameworks can keep up.

AI 88
article thumbnail

Reuse identity, reduce friction: up to 5X faster verification of trusted customers & users

The Payments Association

Each ID-Pal Once profile is built from already-verified identity data, but critically, this information is re-validated against an organisation’s own risk rules, without requiring the end user to repeat the submission process. This ensures ongoing compliance while minimising user friction.

article thumbnail

What Are AI Agents? A Practical Guide for Accounting Teams

FloQast

From here, the agent transforms such data using natural language inputs. Once the data is processed, the agent applies relevant accounting assumptions based on historical patterns and your departments specific rules to contextualize the content. Now that you understand what agents are, its time to look at their use cases.

AI 52
article thumbnail

Clear Junction Extends Named Virtual IBAN Services to VASP-Licensed Businesses

Fintech Finance

As regulatory clarity improves across key markets – including the EU’s Markets in Crypto-Assets (MiCA) framework and the UK’s new crypto registration requirements – crypto companies are under growing pressure to meet higher standards of compliance, AML screening, and auditability.

IBAN 52
article thumbnail

Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

This means that while both sectors are bound by anti-money laundering/counter-terrorist financing rules, banks typically operate under stricter governance and capital requirements, making them l 100 28385 0 28385 0 0 5713 0 --:--:-- 0:00:04 --:--:-- 5713ess attractive to criminals seeking weaker onboarding and monitoring standards.

article thumbnail

Proof Over Promises: Building a Stablecoin the UK Can Trust

The Fintech Times

Just clear, auditable money in the bank. Resilient architecture doesn’t just mean ‘it works on testnet’ It means smart contracts that are professionally audited, thoughtfully upgradeable and governed by transparent processes. What’s been missing is the credibility that turns a use case into a used product.