Perficient

DECEMBER 18, 2023

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. The Role of Regulatory Risk and Compliance 1. Compliance with these legal obligations is not only mandated by regulatory authorities but also necessary for maintaining an institution’s reputation.

Regulation 473

Regulation Compliance Exercises Guidelines 473

Payments Dive

SEPTEMBER 25, 2023

PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.

Compliance 418

Compliance Security System Company 418

CB Insights

MARCH 31, 2023

At the same time, financial innovation, rapid advances in AI modeling, and new digital customer data streams are making the nature of regulatory and compliance management significantly more complicated. The post 200 companies automating regulatory and compliance efforts for financial institutions appeared first on CB Insights Research.

Compliance 65

Compliance Company Regulation Innovation 65

PYMNTS

OCTOBER 9, 2020

Venture capital funding landed at supplier payment and compliance automation firms this week, among other B2B innovators that raised money. The valuation puts the accounts payable (AP) and mass payments company well into “unicorn” territory, meaning it is valued at over $1 billion. PYMNTS rounds up the latest funding rounds below.

Compliance 267

Compliance Payments Fintech Capital 267

Payments Dive

JANUARY 8, 2024

The card network company is boosting efforts to enforce surcharge rules, with non-compliance potentially resulting in fines up to $1 million, according to one card processor.

Compliance 448

Compliance Cards Company 448

Payments Dive

JUNE 12, 2024

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

Payments 195

Payments Compliance Software Cards 195

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. FinTechs, too, face growing scrutiny among regulators and struggle with data sharing requirements that, if unmet, can shut a company down.

Compliance 182

Compliance Regulation Fintech Resources 182

PYMNTS

AUGUST 23, 2018

Compliance of General Data Protection Regulation (GDPR) rules remain low across the globe, according to the latest research from Dimensional Research. When researchers isolated the findings to businesses in the European Union (EU), they found only marginal improvement, with 27 EU companies reporting GDPR compliance.

Compliance 184

Compliance Regulation Data Survey 184

PYMNTS

SEPTEMBER 24, 2020

Reducing fees for remittances might push price points low enough that more consumers could resume sending money home, though, and some researchers believe that money transfer service providers could make such price adjustments if they are able to reduce their own expenses through more robust and cost-effective regulatory compliance measures. .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. That’s only if analysis of that data can be done correctly, however.

Compliance 191

Compliance Risk Management Training Analysis 191

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Getting Up to Speed on Compliance. Sharing the Compliance Burden.

Compliance 178

Compliance Meeting Payments Cards 178

PYMNTS

JULY 8, 2019

and compliance teams would manually check onboarding customers to make sure their records were clear. Wiping out the manual process and handling compliance in an automated fashion can propel companies forward,” Meier said. A client who passed through compliance checks on day one might not be compliant on day 500, for example.

Compliance 202

Compliance Data System Fintech 202

PYMNTS

SEPTEMBER 16, 2020

To assist companies in following Goods and Services Tax (GST) rules in India, Avalara, Inc. The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. has debuted its Avalara India GST e-Invoicing product.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

APRIL 1, 2020

Consumer data privacy laws were making compliance difficult before a pandemic brought the world to a halt. businesses haven’t been trying, expending an estimated $82 million on compliance solutions in just the past 12 months. Are we living in those conditions now? No one is totally sure. Sixty-three percent of U.S. It’s not like U.S.

Compliance 153

Compliance Data Google Regulation 153

The Paypers

FEBRUARY 20, 2024

US-based compliance company Sovos has rolled out the Sovos Compliance Cloud to help businesses navigate global tax and regulatory environments.

Compliance 41

Compliance Taxes US Company 41

Perficient

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

FEBRUARY 15, 2024

The NYSDFS Part 500 amendments signal a crucial shift in the financial services regulatory landscape and underscore the importance of robust governance, risk management, and compliance frameworks. Impacted institutions are subject to significant fines relative to the level of non-compliance identified by the regulators.

New York 221

New York Compliance Regulation Analysis 221

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

Compliance 164

Compliance Software Risk Management Management 164

PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. They're looking to figure out when, and how they can safely do so.”.

Management 291

Management Company US Compliance 291

PYMNTS

DECEMBER 16, 2019

Courtneidge discussed those challenges in a recent interview with PYMNTS, noting that as FinTech innovation continues to solve the biggest B2B payments friction points, service providers are tasked with simultaneously prioritizing compliance — two goals that don’t always go hand in hand. Mixing Innovation With Compliance.

User Experience 204

User Experience Compliance Payments Fraud 204

Perficient

JULY 27, 2023

A good data integration plan should be able to aggregate such Big Data and can work well with the other software used by the company for monitoring the jobs and reporting.

Data 221

Data Compliance Community Lending 221

PYMNTS

SEPTEMBER 25, 2019

The current regulatory climate remains in its relative infancy for this industry, so marketplace lenders are not only tasked with maintaining compliance but diligently tracking the regulatory landscape to forecast new and changing rules. In the U.S., However, there is a range of other areas of noncompliance risk for these businesses.

Compliance 117

Compliance Risk Management Lending Regulation 117

PYMNTS

DECEMBER 18, 2018

Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance. 18) that is has released a free comic and coloring book entitled “ The Adventures of ID Man and Compliance Kid.”. Compliance, too, could become a juicer in the near future.

Compliance 152

Compliance Fraud Security Course 152

The Paypers

SEPTEMBER 1, 2023

Global fintech services company TrueNorth has announced a partnership with RADD LLC , a compliance consulting and internal audit firm.

Compliance 74

Compliance Fintech Company 74

Perficient

DECEMBER 6, 2023

This prompts the companies involved in that industry to reevaluate and rectify their practices. The objective is clear: encouraging compliance with consumer protection regulations they deem important before punitive measures are implemented broadly. The regulatory landscape is nuanced, and companies must adapt strategically.

Industry 221

Industry Compliance Exercises Regulation 221

Bank Innovation

FEBRUARY 12, 2020

The company boasts more than 8 million customers across multiple continents. based digital banking startup Revolut is expanding at a rapid clip. It operates in Europe and Australia, and last fall launched publicly in Singapore and in beta for U.S.

Compliance 284

Compliance Meeting Digital Banking Operations 284

PYMNTS

SEPTEMBER 23, 2020

He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. The Cloud And Compliance Challenges. Such rules determine how different entities can access the data banks hold, Schmidt explained, including standards for private companies and law enforcement agencies.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

FEBRUARY 21, 2019

Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. In a press release on Wednesday (Feb.

Compliance 128

Compliance Data Security Training 128

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. Starting today, U.S.

Compliance 167

Compliance Industry Payments Policies 167

PYMNTS

MAY 16, 2019

Product compliance and risk management technology firm Decernis is collaborating with Viaware , an IT company in the food contact materials space, to promote compliance in the supply chain. Compliance in the food and food packaging space can be complex , the companies noted.

Compliance 115

Compliance Regulation Risk Management Software 115

PYMNTS

JULY 11, 2019

Identity verification solutions provider GIACT Systems has announced the launch of gOFAC Monitoring, a new Office of Foreign Assets Control (OFAC) compliance solution to eliminate false positives and boost compliance processing.

Compliance 128

Compliance System Fraud Data 128

PYMNTS

AUGUST 21, 2019

ADEC Innovations, a global sustainable practice and compliance firm, is partnering with London-based Libryo , a legal tech software as a service (SaaS) company, to help brands understand compliance requirements, ADEC said in a press release on Tuesday (Aug. The software will track chemical use and manage compliance.

Compliance 108

Compliance Innovation Software Risk Management 108

PYMNTS

FEBRUARY 21, 2020

Rent-to-own (RTO) companies Rent-A-Center , Buddy’s and Aaron’s have all settled a case with the Federal Trade Commission (FTC) alleging they made reciprocal non-competition deals with each other that violated federal antitrust law and created an environment that limited choices for consumers, according to an FTC press release.

Company 160

Company Compliance Marketing Payments 160

PYMNTS

AUGUST 23, 2018

The data security requirements have wide-reaching implications for businesses across sectors, but as companies expand globally and business partners connect on digital channels, supply chains’ GDPR compliance is an increasing focus of security and compliance initiatives in the enterprise.

Compliance 119

Compliance Data social media Security 119

Payments Dive

FEBRUARY 29, 2024

The digital bank set aside $20 million to cover a potential penalty stemming from compliance risk management issues predating the company’s current management.

Risk Management 195

Risk Management Compliance Digital Banking Management 195