The goal of innovation is to help businesses better tackle challenges that can feel daunting due to limited resources. And with the news Monday (Nov. 11) that identity and compliance platform Palm has introduced an artificial intelligence (AI) filing tool, dubbed the Beneficial Ownership Information (BOI) Filing Assistant, to...
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds...
Payments processor Thredd introduced a suite of compliance and risk management services. The new offerings are designed to help FinTechs, program managers and their bank sponsors address heightened concerns about risk and compliance, according to a Wednesday (Oct. 30) press release. “Across the globe, the...
In the payment innovation space, security, trust and compliance are three non-negotiable pillars. Their importance is growing against an operational backdrop where data extortion and ransomware attacks impact businesses. Eighty percent of organizations have attack paths that expose critical assets, and there has been a...
November 06, 2024
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds and tangible property — from uncashed checks, deposit accounts, CDs […]
October 15, 2024
Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the world shrinks and global markets...
October 02, 2024
Recent announcements and partnerships have shown core banking’s appeal — not just for traditional FIs, but FinTechs too — as anti-money laundering (AML) efforts must scale and move into real-time...
September 05, 2024
Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President of Revenue Alice Katwan writes...
October 31, 2024
Payments processor Thredd introduced a suite of compliance and risk management services. The new offerings are designed to help FinTechs, program managers and their bank sponsors address heightened concerns about risk and compliance, according to a Wednesday (Oct. 30) press release. “Across the globe, the dialogue about compliance and risk has changed, and it has […]
September 24, 2024
Companies’ use of artificial intelligence (AI) is one of the things prosecutors will look at when assessing their compliance programs during investigations of criminal offenses like bribery or fraud. Nicole...
September 05, 2024
Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial institutions. The company will use...
September 03, 2024
The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed to pay civil penalties and...
