Neopay

APRIL 8, 2024

On March 12, 2024, HM Treasury announced its proposal for the Payment Services (Amendment) Regulations 2024. Under the forthcoming legislation, PSPs will have the authority to delay outbound payments for up to four business days if there are reasonable grounds to suspect fraud or dishonesty. What are the proposed changes?

Service Provider

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Digital Fixes. Many companies lack digital methods for gathering and managing this information, with 49.5

Enrollments

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

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo. .

Compliance

Innovative Payments Association

AUGUST 29, 2024

Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program. These should outline the company's compliance obligations, reporting requirements, and internal controls.

Cannabis Banking

PYMNTS

SEPTEMBER 25, 2019

Know Your Customer is another area of compliance friction for these companies, added Wales, as money laundering and terrorist financing become more significant threats to the borrowing and lending space. Which brought Wales to the final major challenge industry players face in the compliance realm: data management.

Compliance

The Fintech Times

SEPTEMBER 4, 2024

“Even with agile teams and tools, changes can be disruptive, especially when legislation hasn’t yet caught up with technology” But it’s not just falling foul of regulatory rules that teams need to be wary of. . ” The post What are the Biggest Challenges Facing Compliance Teams?

Compliance

PYMNTS

APRIL 28, 2016

The new idea being floated involves classifying marketplace lenders, who operate online and also offer smaller loans with set payments, as installment lenders that are under the CFPB’s jurisdiction and regulations. Many are also bound to reporting requirements with the SEC.

CFPB

Nanonets

JULY 25, 2023

Financial reporting automation eliminates manual data entry, reduces the risk of errors, enhances data integrity, enables cost-savings and for finance teams to focus on higher-value activities such as analysis and strategic decision-making. This ensures that financial data is protected and handled securely throughout the automation process.

Automation

Nanonets

FEBRUARY 15, 2024

Inefficiencies extend into approval workflows, where manual processes contribute to slower cycles, impacting payment timelines and vendor relationships. Regulatory compliance becomes a challenge, as the manual handling of invoices hinders meeting accuracy and reporting requirements.

AI

Nanonets

MAY 7, 2024

Overall, expense reconciliation is critical to ensuring financial accuracy, regulatory compliance, fraud prevention, efficient budget management, and informed decision-making. Vendor reconciliation is essential for maintaining good relationships with suppliers and avoiding payment disputes.

Reconciliation

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

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