PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Regulatory Compliance

The Fintech Times

JULY 31, 2024

Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.” The importance of remaining agile Peter Wood, CTO at Spectrum Search “Regulatory and compliance challenges are significant hurdles for impact platforms.

Compliance

FICO

OCTOBER 26, 2017

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. Here’s where the trouble started.

Compliance

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Compliance

The Fintech Times

APRIL 25, 2024

With businesses of all shapes and sizes digitalising in order to enable and enhance trade on a domestic and international scale, tax authorities have done the same. As a result of businesses digitalising in order to enable and enhance trade on a domestic and international scale, tax authorities have done the same.

Continuity

Fintech News

OCTOBER 21, 2024

Committed and competent entrepreneurs are just as much needed as progressive, mission-driven corporates, and authorities that provide a secure and innovation-friendly framework. Presently only targeting large firms, compulsory reporting requirements will increasingly include a larger set of firms.

Finance

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Firms are not only required to keep up with changing technologies, but they also need to stay on top of increasingly complex requirements. Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals.

Compliance

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., In the U.S., In June, the U.K.’s Data Solutions For Data Problems.

Compliance

FloQast

DECEMBER 13, 2023

It’s the boldest attempt to regulate the conduct and financial reporting of public companies in the United States since the Great Depression. In this comprehensive guide, we cover all you’ll need to know about SOX compliance. July 25, 2002 Both houses approve the Conference Committee Report.

Compliance

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. What are PCI Compliance Levels, and why do they matter?

PCI DSS

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Why is it important?

Due Diligence

The Fintech Times

FEBRUARY 12, 2024

The Financial Services Regulatory Authority (FSRA) of ADGM has imposed penalties on six financial institutions for contraventions of the Common Reporting Standard Regulations 2017 (‘the Regulations’). We are steadfast in our commitment to take regulatory action against practices intended to circumvent tax reporting.”

Distributed Ledger Technology (DLT)

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented. Cross Border Complexity.

Posting

Fintech Review

OCTOBER 22, 2024

One of the primary issues is the decentralised nature of cryptocurrencies, making it difficult for authorities to track and regulate transactions. The United States, as mentioned earlier, has implemented stricter reporting requirements for cryptocurrency exchanges.

Cryptocurrency

FICO

MAY 25, 2017

This outlook comes at a significant point in time, with only five months to go until a new international standard is rolled out that governs how tax authorities in participating countries exchange data relating to the bank accounts of taxpayers. While only 22 percent of respondents felt tax evasion would decrease this year.

APACS

Stax

JANUARY 31, 2024

Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. Level 3 interchange rates apply to transactions that meet specific detailed reporting requirements, usually for business-to-business (B2B) and government transactions.

Credit Cards

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation

Global Fintech & Digital Assets

NOVEMBER 2, 2023

According to FinCEN, mixers are generally required to register with FinCEN if they do business as money transmitters wholly or in substantial part in the US. It would also be required to maintain any records documenting compliance with the requirements of the NPRM.

Fincen

Neopay

APRIL 8, 2024

Under the forthcoming legislation, PSPs will have the authority to delay outbound payments for up to four business days if there are reasonable grounds to suspect fraud or dishonesty. This extends the current requirement, which mandates crediting the transaction amount to the payee’s account by the end of the next business day.

Service Provider

Finovate

SEPTEMBER 18, 2024

This requirement aims to prevent disruptions to operations, as what we saw in the Synapse bankruptcy case earlier this year. Heightened money laundering The document also emphasizes that banks must exercise strengthened internal controls and anti-money laundering (AML) compliance requirements.

Rules

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation

Nanonets

NOVEMBER 29, 2023

These processes, which encompass the review, modification, and finalization of documents, are critical in ensuring that business operations run smoothly and adhere to necessary compliance standards. These processes impact everything from internal communications and contract negotiations to financial reporting and project management.

Automation

Nanonets

MAY 7, 2024

This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors. Compliance and Regulation : Expense reconciliation is crucial for compliance with financial regulations and standards.

Reconciliation

PYMNTS

APRIL 28, 2016

The agency, she said, is using the rules on the biggest market participants “to really expand its supervisory authority, including over emerging lenders, and the statute allows for that.”. Many are also bound to reporting requirements with the SEC.

CFPB

Nanonets

AUGUST 2, 2023

This system is designed to streamline the export reporting process, improve trade statistics, and ensure compliance with US export laws. Before implementing the Automated Export System, exporters were required to fill out a paper SED form for each international shipment. What is the Shipper's Export Declaration?

Automation

Nanonets

SEPTEMBER 23, 2023

Simplifying Tax Compliance with Accounting Software Accounting software can simplify tax compliance for small businesses, ensuring accurate records and reducing the risk of penalties. By automating tax calculations and generating reports, accounting software streamlines the process of preparing and filing tax returns.

Small Business

Nanonets

FEBRUARY 9, 2024

Still, effective implementation depends on a nuanced understanding of controls and the ecosystem surrounding ICFR – which this guide looks at as an orientation and an initial jumping-off point to long-term financial compliance.   Ultimately, remember that ICFR is more than compliance. What is an ICFR Audit?

Audit

FloQast

APRIL 12, 2024

You can create a Form ID on the EDGAR website and submit it for authorization to the SEC. By understanding the form’s requirements and meticulously preparing your documentation, you can confidently navigate this process. The post Mastering S-1 Filing Requirements in Your Pre-IPO Journey appeared first on FloQast.

Underwriting

Nanonets

SEPTEMBER 23, 2023

In the government sector, encumbrance accounting is crucial for budget control and compliance with legal and regulatory frameworks. Government agencies often have strict rules regarding the allocation and spending of funds, and encumbrances help ensure that all expenses are accounted for and authorized.

Accounts

Nanonets

JANUARY 17, 2024

safeguarding a business from errors, fraud, and compliance nightmares. Regulatory Compliance – Don’t Mess with The Law : Automated expense management ensures that you're always on the right side of the law, avoiding costly legal pitfalls. Then there's the behemoth of policy compliance.

Payment APIs and Integration

EBizCharge

AUGUST 21, 2024

These controls, such as spending limits and authorization requirements, help prevent budget overruns and maintain financial discipline throughout the project’s lifecycle. They also play a crucial role in fraud prevention and compliance with fiscal policies.

Accounts

EBizCharge

SEPTEMBER 6, 2024

These reports offer real-time insights and are crucial for financial management, performance tracking, and strategic planning. Additionally, these features often provide detailed reporting and documentation, making it easier for businesses to file accurate tax returns and maintain transparency with tax authorities.

Accounts

Nanonets

AUGUST 1, 2023

This can include individuals responsible for verifying line items, checking for contract compliance, or authorizing payments. Audit Trail and Reporting: Throughout the automated procure-to-pay process, the system maintains a comprehensive audit trail, documenting each action taken on the documents.

Automation

The Payments Association

APRIL 14, 2025

Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. For payment firms offering crypto-related services, the compliance burden is immediate and ongoing. Why is it important? What’s next?

Regulations

Neopay

JANUARY 27, 2025

The FCA’s commitment to growth The Financial Conduct Authority (FCA) has echoed the government’s focus on growth in a recent letter to the Prime Minister and Chancellor. Simplifying reporting requirements and ensuring proportionate regulation.

Compliance