EBizCharge

JULY 14, 2025

Automation also reduces the risk of human error. Plus, with reliable audit trails and consistent rules in place, you’ll be more prepared for compliance reviews and reporting requirements. When reconciliation is automated, you get faster closes, cleaner books, and better control over financial data.

Reconciliation

Trade Credit & Liquidity Management

MAY 29, 2025

Foster Collaboration Between Legal and Technical Teams: Align tax, legal, and IT departments to manage the end-to-end invoicing process, ensuring invoices meet both regulatory and operational requirements. This collaboration helps avoid discrepancies and audit risks. In Summary.

ISO 20022

The Finance Weekly

FEBRUARY 23, 2025

This issue hampers forecasting accuracy, risk management, and resource allocation. Without accurate insights, businesses struggle with forecasting, risk management, and resource allocation. Rolling forecasts also help businesses spot potential risks early, such as declining sales in specific regions.

Best Practices

The Paypers

MARCH 17, 2021

Nordea Bank has selected risk and regulatory reporting solutions provider AxiomSL to support the bank’s risk and regulatory reporting requirements in Finland, Sweden, Denmark, and Norway.

Risk

The Payments Association

MAY 28, 2025

Dialects team of experts utilises advanced analytics capabilities to identify and mitigate potential risks, reducing the likelihood of fraud and financial crime. This service enables payment providers to focus on their core business operations while allowing our team to help ensure compliance and security.

Transactions

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment

VISTA InfoSec

OCTOBER 26, 2023

SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. public companies and foreign entities doing business in America, making it integral to today’s Governance, Risk and Compliance environment. It applies to all U.S.

Audit

Neopay

JULY 18, 2024

These technical standards are crucial as they allow supervisors to monitor institutions’ compliance with the Capital Requirements Regulation (CRR3) implementation of the latest Basel III reforms in the EU and will foster consistent and enhanced supervision.

Reporting Requirements

The Fintech Times

SEPTEMBER 23, 2024

It provides its Nasdaq AxiomSL solution to support financial and regulatory reporting requirements across 55 countries and 110 regulators. It also offers Nasdaq Calypso, a SaaS technology platform that underpins banks’ treasury, risk, and collateral management workflows.

Compliance

PYMNTS

DECEMBER 29, 2020

The deal also comes amid a shift toward “real-time compliance requirements” as tax officials around the globe seek ways to collect revenue faster, and with more transparency and a lower risk of fraud.

Compliance

PYMNTS

NOVEMBER 26, 2019

The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective. Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital.

Returns

PYMNTS

JANUARY 30, 2019

But regulators are now requiring firms to use risk-based policies and procedures to determine a customer’s risk scores and to use risk scores to establish a baseline for transaction and relationship monitoring.

Due Diligence

PYMNTS

OCTOBER 14, 2016

A recent report by Strategic Treasurer highlighted the roles Big Data and analytics have played in the progression of treasury management, both to mitigate risk, heighten forecasting capabilities and handle events like the 2008 financial crisis.

Treasury

PYMNTS

NOVEMBER 26, 2019

FinTechs, too, face growing scrutiny among regulators and struggle with data sharing requirements that, if unmet, can shut a company down. The central bank’s decision, Barybin explained, had everything to do with strict data sharing and reporting requirements with which SatchelPay could not keep up.

Compliance

CB Insights

NOVEMBER 11, 2022

ESG reporting requirements. ESG REPORTING REQUIREMENTS. This can support firms’ reporting on progress to meet environmental, social, and governance (ESG) standards. alva uses machine learning and natural language processing to help firms understand ESG-related risks and build ESG profiles.

API

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking

FICO

MAY 17, 2017

It is anticipated that civil judgments and some tax liens will be removed from consumer reporting agency (CRA) data when this goes into effect, including previously reported tax liens and/or civil judgments that do not meet the new NCAP-related reporting requirements.

Assessments

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. The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. Why is it important?

Due Diligence

The Payments Association

OCTOBER 23, 2024

The changes are also expected to lead to increased risks of supervisory and enforcement actions and extended liability to customers. Enhanced reconciliation, audit, and reporting requirements will create additional administrative burdens and could increase the risk of supervisory and enforcement action.

Rules

FICO

OCTOBER 12, 2017

Understand the role Transaction Risk Analysis and Transaction Risk monitoring will play for your fraud operations. All payment service providers will need to use Transaction Risk Monitoring to deliver the reporting required by the regulation.

Authentication

Basis Theory

OCTOBER 1, 2024

So, while you may not need PCI Level 1 compliance, understanding the different levels of PCI compliance and the 12 PCI requirements will certainly help. PCI Levels allow organizations to understand and determine their reporting requirements when processing credit card payments.

PCI DSS

PYMNTS

NOVEMBER 26, 2019

The regulator said the data it received from Citigroup was not acceptable, and the way the bank handled the reporting processes was not effective. Banks have to regularly report financial data to make sure they’re operating within the law, and to make sure they have buffers against market shifts in terms of risk and capital.

Returns

FICO

JULY 23, 2018

To date, reporting of authorised push-payment fraud has been ad-hoc and generally doesn’t involve reporting to any formal body. The EBA says that PSPs have a responsibility to identify such cases and calls out the use of transaction risk analysis to do so. Be ready to adapt.

Authentication

PYMNTS

JUNE 29, 2020

Banks are looking very carefully at their underwriting models to see if they need to be adjusted to factor in latent risk,” Robert Strand, senior economist at the American Bankers Association, told the WSJ. The major reason is that banks can no longer easily determine who is creditworthy.

Rules

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. In Deloitte’s State of Compliance Survey 2021 , 61% of respondents said they’re experiencing challenges performing their roles effectively because of recent increases in regulatory requirements.

Compliance

PYMNTS

SEPTEMBER 25, 2019

Industry players will continue to face tighter regulations, but according to Kim Wales, founder and CEO of CrowdBureau , a company that aggregates marketplace lending industry data to establish performance and risk management benchmarks, operating within the confines of the law is a complicated task for this sector.

Compliance

PYMNTS

FEBRUARY 15, 2018

Bank knowingly breached the Bank Secrecy Act’s reporting requirements by not creating and implementing a good enough anti-money laundering (AML) program. The bank was charged with failing to flag suspicious activity and inadequately reporting currency transactions. “ Since 2011, FinCEN claimed U.S. Blanco in the press release.

Money Laundering

PYMNTS

JUNE 13, 2018

Following a spike in borrowing by the private sector, the nation’s financial stability council is reportedly requiring banks to set aside capital to cover losses from any bad corporate loans. Reports said the nation’s Finance Minister Bruno Le Maire is imposing a counter-cyclical buffer amounting to 0.25 percent in April.

Caps

The Fintech Times

SEPTEMBER 4, 2024

Case in point is the wrongful usage of AI and machine learning, which poses tons of cybersecurity risks for companies. In response, compliance teams must integrate sophisticated risk management across supply networks and third-party relationships.

Compliance

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. This proactive approach helps mitigate risks, build consumer and stakeholder trust, and enhance market position.”

Compliance

Fintech News

JULY 17, 2024

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. This behaviour, known as ‘smurfing’ in traditional finance, appears to have been adapted to the crypto world.

Money Laundering

Fintech Finance

MAY 21, 2024

E-invoicing is increasingly taking priority within CFO departments alongside e-reporting requirements from local governments or tax authorities. Accounting teams will be required to comply with specific legislation when sending and receiving electronic invoices.

Automation

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. Corporate buyers must gather data to ensure that potential suppliers can meet their procurement needs, but their research does not stop there.

Enrollments

Neopay

APRIL 8, 2024

Risk-Based Approach : Adopting a risk-based approach to customer acceptance or rejection allows for fair and effective decision-making aligned with the firm’s risk appetite. Additionally, the Financial Conduct Authority (FCA) plans to impose reporting requirements on affected firms, enhancing monitoring effectiveness.

Service Provider

FloQast

JANUARY 22, 2025

Unfortunately, traditional processes are still very prevalent in accounting departments, and their inefficiencies and high risk of error make them a persistent problem for departments and the organization as a whole. Step 3: Optimize Data Flow Data spread across multiple systems is inefficient and increases the risk of error, too.

Accounts

PYMNTS

OCTOBER 21, 2016

Villante decided that making checks disappear was going to require the introduction of a “full-stack” payments platform and technology solution that went far beyond plain vanilla “Auth, capture, settle” payment processing.

Checks

Fintech Finance

MARCH 7, 2024

” More proactive risk management and robust compliance The Bureau downloads end-of-day and intraday statements from different banks which are then uploaded to Cash Management. Jing adds, “The powerful reporting and visualization tools give us the ability to see a true cash position each morning.

Treasury