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PS25/12 – FCA Changes to the Safeguarding Regime for Payments and E-Money Firms

Finextra

The big changes: Daily reconciliations (excluding weekends and bank holidays) to ensure safeguarded funds match customer balances. Reconciliation Frequency & Method Requirement: The FCA now requires reconciliations to be performed on “reconciliation days” rather than every business day. Books & Records 1.1

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. This will include evaluating record-keeping systems, reconciliation processes, and fund segregation practices.

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Irreconcilable Differences: How MCA Abuse of “Reconciliation Rights” Threatens Collateral

Trade Credit & Liquidity Management

One key safeguard — often buried in fine print — is the reconciliation clause. But in practice, many MCA funders either ignore reconciliation requests altogether or use procedural hurdles to render the right meaningless. Reconciliation is meant to restore balance. The reconciliation clause already protects you.”

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How Fintech and AI Have Joined Forces to Improve Back-Office Operations

The Fintech Times

AI-powered tools that learn from documents, adapt to invoice variations and auto-code invoices have also had a major impact. “First, there are legal and document intelligence tools that can speed up diligence processes, negotiate standard and compliant terms, and reduce human error.

AI
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Thredd Launches Suite of Enhanced Compliance and Risk Services

Fintech Finance

Chargeback Management, Automated Reconciliation and Compliance Reporting: A set of services designed to streamline dispute and chargeback management, simplifying administrative workflows and ensuring regulatory and network compliance, enabling fintechs and their sponsors to operate with greater efficiency, documentation and transparency.

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Automating Account Reconciliation in NetSuite

EBizCharge

Account reconciliation may not be the flashiest part of your finance operations, but it’s one of the most important. Getting your numbers right at the end of each month, quarter, or year depends on clean, accurate, and timely reconciliation. What Is Account Reconciliation? This process is slow, labor-intensive, and risky.

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How to Choose the Right Payment Gateway: Strategies and Tips for Payment Gateway Comparison

Stax

API access and documentation – If your business needs custom workflows or is working with a developer team, APIs and clear documentation are key. Settlement tracking and reconciliation tools – Knowing exactly when and how funds hit your account is key for cash flow and bookkeeping.