Payments Dive

FEBRUARY 28, 2024

Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.

Compliance 162

Compliance 162

VISTA InfoSec

JULY 5, 2023

In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. The Payment Card Industry Data Security Standard (PCI DSS) is a vital compliance scheme that aims to protect credit and debit card transactions against fraud and data theft.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Finovate

MAY 3, 2024

In its latest series of video conversations from our sister publication Fintech Futures, Fintech Founders interviews six industry professionals – all Founders and Co-Founders – to hear from them what they believe will be the biggest regulatory challenges for fintech start-ups in the coming years.

Compliance 113

Compliance FinTech Automation Checks 113

FloQast

FEBRUARY 14, 2024

Brands jumped at the opportunity to try out FloQast Compliance Management. Let’s take a look at how FloQast helped the Director of SOX Compliance and Head of Internal Audit at a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency. With its Close operating smoothly, a.k.a

Compliance 102

Compliance Reconciliation Close Processes Automation 102

VISTA InfoSec

SEPTEMBER 26, 2023

In the dynamic realm of data protection, understanding the consequences of non-compliance is crucial. However, if you’re a data controller or data fiduciary processing data in India or abroad involving Indian identities, compliance with the DPDP Act is mandatory. We’ve delved into this new act in our series of blog posts.

Compliance 130

Compliance Breach Privacy Mitigation 130

Fintech News

APRIL 14, 2024

Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight , which specialises in AI-driven compliance solutions. This collaboration will involve the deployment of Silent Eight’s AI platform, Iris , to enhance AIA’s financial crime compliance screening processes across multiple jurisdictions.

Financial Crimes 91

Financial Crimes Crime Compliance AI 91

VISTA InfoSec

SEPTEMBER 14, 2023

In this article, I will discuss the requirements for GDPR compliance in the U.S., Requirements for US Businesses to Ensure GDPR Compliance If your U.S. Conducting a Privacy Audit to Assess Data Processing When it comes to GDPR compliance, performing a privacy audit is a crucial first step (Article 47 and 58 of GDPR).

Compliance 130

Compliance Privacy Processors Legal 130

Stax

MAY 6, 2024

We talked about PCI compliance (and beyond) and what organizations can do to stay on top of all things data security. TL;DR Data security and PCI compliance are critical for growth. Learn More What is PCI compliance? How PCI compliance affects business growth Trust is foundational to any business.

Data Security 88

Data Security PCI DSS ISVS Compliance 88

The Payments Association

MARCH 25, 2024

It is clear, AI has many potential use cases, such as: helping firms scale up their business; making better informed strategic business decisions; and supporting the efficient and effective delivery of regulatory compliance to name just a few potential use cases. Read more

Compliance 88

Compliance AI Regulatory Compliance Technology 88

Finextra

MAY 17, 2024

In a proactive move to bolster transparency and security within its operations, Samana Developers, a leading real estate company, has appointed Complyfin, a Dow Jones-affiliated solution provider which assists businesses in managing their regulatory compliance obligations, including on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (..)

AML 52

AML Compliance Regulatory Compliance Money Laundering 52

Fintech News

MARCH 26, 2024

Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance. Binance, which has been a client of Sumsub since 2021, aims to bolster its international compliance efforts through this alliance.

Travel Rule 104

Travel Rule Rules Compliance Transactions 104

Fintech News

APRIL 24, 2024

By enhancing data exchange and sharing expertise, the tax authorities hope to ensure better compliance with tax obligations concerning cryptocurrency holdings. The post Indonesia and Australia Partner to Improve Crypto Tax Compliance appeared first on Fintech Singapore.

Compliance 93

Compliance Cryptocurrency Agreements Authorization 93

Fintech News

MARCH 3, 2024

FOMO Group, a Singapore-based financial holding company, announced that it has appointed Cindy Ho as its new Group Head of Compliance. FOMO Group has consistently demonstrated its commitment to the highest standards of compliance. She has previously served as the Chief Control Officer at Bank J. Before her tenure at Bank J.

Compliance 93

Compliance AML Regulatory Compliance Money Laundering 93

Basis Theory

MARCH 26, 2024

On top of understanding and adhering to the Payment Card Industry Data Security Standard (PCI DSS) 12 requirements, merchants must demonstrate their compliance annually. Going live with a PCI-compliant product or service can become cumbersome for merchants.

PCI DSS 68

PCI DSS Compliance Data Security Security 68

Fintech News

APRIL 28, 2024

This distinction, effective from 1 May 2024, allows consumers to easily recognise these accredited providers, signaling their compliance with the stringent standards set out in the BNPL Code of Conduct. Buy Now, Pay Later Accredited Trustmark The trustmark signifies a commitment to responsible lending and consumer protection.

BNPL 99

BNPL Compliance Accreditation Consumer Protection 99

FloQast

MARCH 21, 2024

While compliance is non-negotiable for public companies, SOX compliance costs can be substantial. However, cutting costs in Sarbanes-Oxley Act compliance doesn’t have to mean cutting corners. Factors Influencing SOX Compliance Costs Several factors influence SOX compliance costs, which can vary widely among organizations.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Stax

DECEMBER 4, 2023

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

The Payments Association

OCTOBER 20, 2023

Richard Dunlop of fscom summarises the major points of the 2023 Financial Crime Compliance Report and highlights key issues in anti-money laundering strategies that have been identified. Read more

Financial Crimes 88

Financial Crimes Crime Compliance Money Laundering 88

Finextra

JANUARY 22, 2024

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.

Compliance 84

Compliance Money Laundering Fraud Prevention 84

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 101

Fraud Prevention Compliance AML Money Laundering 101

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

FloQast

APRIL 8, 2024

Sarbanes-Oxley Act compliance can protect investors by improving internal controls over financial reporting and the accuracy and reliability of corporate disclosures. Identifying deficiencies and material weaknesses in internal controls is an important aspect of SOX compliance. Foster a culture of compliance.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Finextra

JANUARY 16, 2024

Encompass Corporation has acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.

Compliance 85

Compliance Acquirers 85

Payments Dive

DECEMBER 11, 2023

“We’re going to continue to invest whatever we have to invest in order to get the compliance issues behind us,” CFO John Greene said last week.

Compliance 97

Compliance Continuity 97

Finextra

JANUARY 23, 2024

Onfido, the global leader in automated identity verification, today launched its Compliance Suite, an all-in-one identity verification solution that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.

Compliance 59

Compliance Verification Automation 59

Fintech News

JANUARY 15, 2024

The company has faced scrutiny over its compliance and anti-money laundering controls, with audits in 2020 and 2022 indicating lapses in staff probity checks. The post Airwallex Plans for IPO in 2026, Tackles Compliance and Culture Challenges appeared first on Fintech Singapore. Among its major investors, Tencent holds a 12.5%

Compliance 99

Compliance Cross-Border Money Laundering Legal 99

Finextra

FEBRUARY 21, 2024

Sovos, the always-on compliance company, today announced the launch of the Sovos Compliance Cloud, the industry’s first and only solution that unifies tax compliance and regulatory reporting software in one platform and provides a holistic data system of record for global compliance.

Compliance 45

Compliance 45

Fintech Finance

MAY 2, 2024

Abillio (or the “Company”), a fintech startup specialising in invoicing and payments for the gig economy, announces the global launch of its API-based platform, designed to streamline payments and DAC7 compliance for online gig platforms. Vaqat and Supply Family have already benefited from the Company’s solutions.

Compliance 52

Compliance API Payment APIs and Integration Economy 52

PCI Security Standards

OCTOBER 31, 2023

Below Brian Odian , Director - APAC Managed Compliance Services, VikingCloud provides a preview of his presentation on Compliance is a Program, Not a Project. Do not pass up the chance to collaborate and gain knowledge on the latest developments in payment security at the upcoming 2023 PCI SSC Asia-Pacific Community Meeting.

Compliance 113

Compliance APACS Payment Security Security 113

Payments Dive

MAY 5, 2023

Square parent Block is increasing compliance spending on personnel and software this year.

Blocks 109

Blocks Compliance 109

Fintech News

MAY 6, 2024

Furthermore, banks can position themselves to capitalise on the transformative potential of Open Finance by staying abreast of regulatory developments and proactively addressing compliance requirements. The post From Compliance to Competitive Edge: The Open Finance Revolution in Asia appeared first on Fintech Singapore.

Finance 91

Finance Compliance Payment APIs and Integration API 91

The Fintech Times

FEBRUARY 24, 2024

AJ Thompson, CCO, Northdoor AJ Thompson , chief compliance officer at IT consultancy Northdoor, says companies should be doing more to address the complexities of DORA compliance and mitigate risks. The post Exploring DORA: Countdown to Compliance in European Finance appeared first on The Fintech Times.

Compliance 67

Compliance Finance Risk Management Risk 67

Fintech News

FEBRUARY 25, 2024

The post Singapore Wealth App Hugosave Earns Shariah-Compliance Certification appeared first on Fintech Singapore. On a macro level, it is also Hugosave’s contribution to nation-building by promoting financial wellness across all segments of society.”

Compliance 95

Compliance SDN Debit Card Laws 95

The Paypers

FEBRUARY 20, 2024

US-based compliance company Sovos has rolled out the Sovos Compliance Cloud to help businesses navigate global tax and regulatory environments.

Regulatory Compliance 41

Regulatory Compliance Compliance 41

Neopay

NOVEMBER 28, 2023

The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. As a result, the cumulative financial crime compliance costs have now exceeded an impressive $206 billion.

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52

Fintech Finance

JANUARY 10, 2024

IFX Payments has appointed Sara Cass as Chief Compliance Officer to lead on all compliance strategy for the global fintech innovator. Sara will lead the team in upholding the high compliance standards set at IFX payments as it continues to cement its place as an industry leader in compliance.

Compliance 52

Compliance Best Practices Fraud Prevention Treasury 52