PYMNTS

FEBRUARY 22, 2019

It also oversees OFAC sanctions compliance and anti-corruption compliance across all of MUFG Bank’s worldwide operations. MUFG Bank is committed to conducting business with the highest levels of integrity, and to continually improving its regulatory compliance,” the bank said. On Wednesday (Feb.

OCC

PYMNTS

MARCH 27, 2019

Dries Verboven, market manager of regulatory reporting at Wolters Kluwer Finance, Risk & Reporting, says it’s all about data, which is both the key to regulatory compliance, and to a more efficient and profitable operation for the entire institution. The Key To Compliance Is Data.

Compliance

Nanonets

APRIL 3, 2024

This accuracy promotes transparency, allowing stakeholders such as investors, customers, other vendors, shareholders, and regulatory bodies to have confidence in the integrity of the financial information. Any discrepancies, such as duplicate payments or missing entries, must be identified.

Reconciliation

Nanonets

APRIL 2, 2024

 Maintaining accurate financial records is crucial for informed decision-making and regulatory compliance, making bank reconciliation an integral aspect of financial management.   This can include anything from missing or duplicate transactions to unauthorized charges or fraudulent activity.

Reconciliation

Stax

MARCH 18, 2025

It stops a common fraud from occurring where hackers will steal customers credit card information and then duplicate it and put it on another card, which they will then use for purchases. Q: How is Payment Tokenization helping SaaS companies maintain regulatory compliance? How Does Payment Tokenization Work?

PCI DSS

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. This process is essential for maintaining financial accuracy, compliance with regulations, and preventing fraud or errors.

Reconciliation

Nanonets

APRIL 15, 2024

Demonstrates commitment to financial integrity and regulatory compliance : Regular and accurate bank reconciliation reflects a company's dedication to maintaining high standards of financial transparency and compliance with regulatory requirements.

Reconciliation

Nanonets

FEBRUARY 7, 2024

SharePoint Connector SharePoint Connector integrated with MS Dynamics 365 Business Central reduces task duplication.    How Local Functionality improves AP with Microsoft Business Central  Microsoft has developed local functionality for certain countries, including regulatory compliance in that geographic area.

Automation

The Payments Association

MAY 16, 2025

Legal issue/risk Next steps/action required Legal issue/risk: If systems are not ready, merchants may experience failed reconciliations, duplicate entries, or settlement delays. These can breach contractual SLAs or tax compliance timelines. If implemented correctly, enhanced payment traceability can reduce disputes and costs.

Regulations

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. This streamlines the data flow, reduces the chances of data duplication or errors during integration, and enhances overall data integrity.

Automation

Nanonets

MARCH 4, 2024

Duplicate Claims Employees submitting the same expense for reimbursement more than once. Regulatory Compliance Risks Inadequate Documentation Failing to meet the detailed documentation requirements set by tax authorities. Acknowledging and rewarding compliance through internal newsletters and meetings.

Process

EBizCharge

MAY 14, 2024

These benefits include time efficiency, improved accuracy, enhanced customer service, scalability, cost savings, regulatory compliance, insights and analytics, and integration with other systems. This reduction in labor costs translates into direct savings for businesses, as fewer resources are required to manage billing operations.

Automation

Nanonets

NOVEMBER 15, 2023

Additionally, the invoices must be matched with the corresponding purchase orders and goods receipts to avoid duplicate invoices, fraud, and errors. This level of transparency ensures accountability, simplifies compliance and makes investigating potential issues or disputes easier.

Accounts

Nanonets

FEBRUARY 19, 2024

Regulatory compliance:  Digitally extracting arrival/departure dates and passport numbers during immigration checks assists in compliance reporting under regulations. Contactless processing:  Customers can onboard securely from their mobiles by submitting passport scans and ID photos instead of physical documents.

Automation

Nanonets

MAY 11, 2023

 This can lead to accrued liabilities over time, escalating pressure at audit periods, and non-compliance. Fraud vulnerability:  Some frauds that occur in the invoice process include third-party frauds, labor mischarging, duplicate payments and other internal errors.  It also helps with regulatory compliance.

Process

Nanonets

JULY 21, 2023

Audit trails: Maintaining a detailed record of activities for compliance and auditing purposes. Regulatory compliance: Adherence to industry regulations and standards. Open item tracking: Monitoring of outstanding items and ensuring timely resolution. Custom reports: Generation of reports tailored to specific business needs.

Reconciliation

Nanonets

FEBRUARY 26, 2024

Regulatory Compliance: Adhering to the terms of accounts payable helps in complying with financial regulations and avoiding penalties associated with late payments or financial misreporting. Cost Savings : Automation reduces labor costs and helps avoid late payment fees while maximizing early payment discounts.

Automation

Nanonets

JANUARY 17, 2024

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. With ever-changing regulations, managing compliance manually is like juggling dynamite.

Payment APIs and Integration

VISTA InfoSec

APRIL 1, 2025

Here are some of the key reasons why 21 CFR Part 11 compliance is so important: Patient Safety: Medications and medical devices directly affect human lives. Trust and Transparency: Regulatory compliance builds trust. Electronic Signatures: Ensuring signatures are unique to each user and cannot be easily duplicated.

Legal

Fintech Review

FEBRUARY 25, 2025

Fraud is another significant concern, as manual processing and the lack of transparency make trade finance susceptible to counterfeit documents, duplicate financing, and fraudulent claims. The future of the industry depends on establishing a balance between innovation and regulatory compliance.

Finance

Nanonets

APRIL 7, 2025

Healthcare data extraction systems capture and extract crucial information from a variety of healthcare documents—patient records, insurance forms, lab results, billing information, regulatory compliance documents, and more. The extracted data is processed and neatly organized into structured formats. The result?

Automation

EBizCharge

MARCH 21, 2025

By analyzing patterns and anomalies, AI can detect suspicious behavior, such as duplicate payments or unauthorized account access. AI identifies potential compliance risks in real-time, helping businesses avoid legal penalties and prepare for audits with accurate, well-organized financial records.

AI