The Payments Association

FEBRUARY 14, 2025

Firms should be prepared for more onerous record-keeping and reporting requirements and factor in the costs of additional compliance obligations, including holding client funds under statutory trust. Regulatory compliance : Staying compliant with open banking regulations is crucial.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. These challenges include legacy systems, regulatory compliance, and cultural resistance to change.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Innovative Payments Association

AUGUST 29, 2024

By understanding these risks, businesses can develop appropriate controls to mitigate them. Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Fintech Times

JULY 31, 2024

The evolving nature of fintech regulations requires platforms to be agile, constantly updating their compliance strategies to align with new laws and guidelines. Balancing regulatory compliance with innovation is critical to maintaining the trust of users and regulators alike.”

Compliance 64

Compliance AML Due Diligence Regulations 64

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Firms should follow best practices, such as enhanced due diligence, to mitigate risks associated with third-party providers.” Why is it important?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

APRIL 8, 2024

Additionally, the Financial Conduct Authority (FCA) plans to impose reporting requirements on affected firms, enhancing monitoring effectiveness. Additionally, they should begin assessing how the regulatory changes will impact their internal fraud frameworks, including policies, due diligence processes, and training.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

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 transparency is essential to establish trust among stakeholders and investors, and for regulatory compliance.

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52