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

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

Center for Payments

SEPTEMBER 15, 2022

The FFIEC Guidelines require financial institutions to implement a solid business continuity management program, which includes an effective Business Continuity Plan. Working in a remote environment for many businesses was a process felt to be a struggle.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

PYMNTS

MAY 13, 2020

While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible.

Cross-Border 81

Cross-Border Cross-Border Payments Facilitators B2B 81

Neopay

JANUARY 2, 2024

One of the key aspects of ensuring that the business operates within the regulatory requirements is through effective monitoring and oversight of all business activities, such as financial crime, safeguarding arrangements, financial promotions, complaints handling, business continuity, and operational resilience, among many other areas.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Nanonets

APRIL 19, 2024

Businesses typically establish petty cash funds to facilitate the timely payment of small expenses that do not warrant formal procurement processes. 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

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.

Automation 98

Automation Process AI Fraud Detection 98

Lending Front

FEBRUARY 22, 2021

With vaccines rolling out, small businesses are finally on the road to recovery. In fact, new businesses continue to form. More new businesses were registered in the U.S. In Connecticut alone, 22,832 new businesses opened in 2020. . Small business lending should be simple. this year than the year before.

Small Business 52

Small Business Credit Union Economy 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. Payfacs need to have regular AML screenings and strictly implement KYC procedures. They also need to have strong data security protocols in place.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

JANUARY 17, 2020

Matan Bar, co-founder and CEO of Melio Payments , recently spoke with PYMNTS about the challenges that small businesses face when digitizing their invoice payment procedures, even with a recent surge in digital, automated AP solutions. “There’s a really big need for a Venmo for small businesses,” he said.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

M2P Fintech

OCTOBER 19, 2023

Reconciliation & S ettlement System : Oversees all payment transactions, handling both inbound and outbound payments, along with the intricate clearing and settlement procedures. Cloud providers’ robust security and redundancy resources reduce interruptions, ensuring business continuity for banks with modernized core systems.

Online and Mobile Banking 52

Online and Mobile Banking ATM Point-of-Sale (POS) Compliance 52

Lending Front

MARCH 2, 2021

Achieve business continuity in an unpredictable environment: As made evident by the events of the last year, being able to adopt new operational procedures overnight is a critical feature of any modern enterprise.

Credit Union 40

Credit Union Small Business Underwriting Procedures 40

PYMNTS

MARCH 16, 2016

As a result, businesses continue to rely on paper-based payment methods, such as checks.”. This poses a problem beyond a lack of standardization, the report argued. Existing payment standards are limited in the amount of remittance information they can support,” concluded the CPA.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

FloQast

OCTOBER 21, 2024

Plus, monitoring the progress of your new procedures can help you gain insights to further optimize your reconciliations. A proactive approach will ensure your business continues to benefit from everything your software offers. Technology moves fast—but you can move just as quickly with the right strategies in place.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

Nanonets

MARCH 23, 2023

As businesses continue to automate routine tasks, new job roles will emerge that require skills in managing and maintaining automation systems. Similarly, in manufacturing, employees can use XR to practice complex assembly procedures before implementing them in the real world.

Automation 105

Automation AI Technology On-Demand 105

The Payments Association

OCTOBER 11, 2024

This individual will act as the central point of contact for managing audits, monitoring regulatory reporting, and ensuring that safeguarding procedures are followed meticulously. Such a plan outlines the steps firms must take to protect consumer funds and maintain business continuity in the event of insolvency.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

JUNE 28, 2023

The Need of OCR and Document Data Extraction for Salesforce In the age of digital transformation, businesses are inundated with vast amounts of data. Customer interactions, business transactions, and administrative procedures generate massive volumes of documents that require careful management.

CRM 52

CRM Automation Process Fed 52

Nanonets

SEPTEMBER 21, 2023

In conclusion, electronic invoicing offers businesses improved permanence of records, ease of searching and sorting through digital archives, and significant reduction in paper consumption. In summary, understanding invoicing procedures is invaluable for business owners.

Audit 40

Audit Legal Accounts Facilitators 40

Nanonets

FEBRUARY 28, 2024

By doing so, businesses can maintain a state of continuous accuracy, supporting informed decision-making, fostering trust among stakeholders, and ultimately driving sustainable growth and competitiveness in the market. It plays a critical role in maintaining the integrity of business operations and decision-making.

Reconciliation 52

Reconciliation Process Audit Compliance 52

VISTA InfoSec

MAY 6, 2025

A broader group of stakeholders gain assurance that their data is protected and that the internal controls, policies, and procedures are evaluated against industry best practice. This, in turn, enhances the business reputation, ensures business continuity, and gives the business a competitive advantage in the industry.

Audit 200

Audit Regulatory Compliance Data Breach ISOs 200

The Payments Association

JANUARY 27, 2025

Firms must also implement a testing plan detailing how they will remain within the impact tolerances for each of their important business services in case of a severe but plausible disruption of their operations.

Rules 88

Rules Assessments Procedures Compliance 88

The Payments Association

MAY 19, 2025

This legislative shift is more than a procedural updateit represents a strategic turning point for the UKs approach to digital finance. It demands a reassessment of licensing, governance, risk management, and safeguarding procedures across all crypto-related operations.

Compliance 88

Compliance Regulations Stablecoins Payments 88

The Payments Association

DECEMBER 9, 2024

The significance of this is not understated, with 47% of businesses reporting greater difficulty attracting new customers as a consequence of cyberattacks this year. Lorraine Mouat, a partner at Thistle Initiatives, highlights the distinction between operational resilience and traditional business continuity planning.

Rules 88

Rules Compliance Risk Management Regulations 88