VISTA InfoSec

JUNE 26, 2024

For instance, you can look at the company’s history of data breaches and their responses, the robustness of the cybersecurity infrastructure, and the presence of comprehensive security policies and procedures. Companies with strong cybersecurity risk management have the resilience to maintain business continuity.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Nanonets

APRIL 19, 2024

Petty Cash Reconciliation: What is It, Best Practices, and Automation Petty cash, also referred to as a small cash fund, is a fixed amount of money reserved for minor expenses in a business. However, without proper oversight and reconciliation procedures, petty cash can be susceptible to misuse, errors, or theft.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

Stax

AUGUST 22, 2024

Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity. It can also help to teach them about best practices they can follow to prevent fraudulent transactions.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Segpay

MAY 1, 2024

Regular testing of the operational stability and security of critical ICT systems is essential for the seamless functioning of financial businesses. This involves identifying critical business functions, establishing recovery objectives and strategies, and regularly testing and updating business continuity plans to ensure their effectiveness.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Nanonets

APRIL 5, 2023

This allows organizations to be more agile and responsive to changes, resulting in improved competitiveness.IPA can easily scale up or down based on business needs, allowing organizations to adjust their operations quickly and efficiently. Another challenge is the need for skilled personnel and expertise.

Automation 98

Automation Process AI Fraud Detection 98

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). Staff training: Provide regular training to your staff on AML obligations, red flags, and reporting procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52