The Future of Banking Compliance Technology: Paypod and PiChain
Due to the spike in financial crimes due to COVID-19, there are continuous changes in the compliance regulations. This have accelerated the adoption of the Banking Compliance Technology. Banks and financial institutions have to become more vigilant for suspicious activities and follow SAR reporting system. Fintech companies are developing financial technology and compliance solutions to keep up with the latest regulations. The institutions are continuous monitoring transactions and suspicious transaction reports.
A worth listening podcast by Soar Payments on RegTech & sustainable compliance. Shub Nandi, CEO and Co-Founder of PiChain, provides great insights on how Regtech firms provide banks & various financial institutions with reliable & sustainable fintech services to adhere to compliance laws. PiChain is a RegTech company with the mission to make compliance sustainable. This episode elaborates how SAR reporting helps to deal the surging suspicious activity in the financial industry.
Paypod, an amazing podcast, explores the Payments and Fintech industry. It is created by Soar Payments and will provide you with great insights directly from leaders in the Payments and Fintech startups. Scott, the Host of PayPod, interacts with business leaders and entrepreneurs across the field of fintech technology, security, mobile development etc. It covers the trends brought by cutting edge digital tech in sectors of credit card processing, Bitcoin and many more!
Starting with Shub’s journey in the tech and finance industry, the podcast moves on to the topics of sustainable banking compliance technology. It explains what make fintech solutions so necessary in today’s Banking and Financial Sector. He explains how and what builds up the pillars of successful implementation of compliance regulations. It touches upon the challenges faced by fintech industry and then dives in on how smart technology provide insights from suspicious transaction report.
We get to see some really valuable insights and numbers to the finance industry which otherwise most people are unaware of. To get more insight into the subject of SAR filing and complying with GDPR, listen to the podcast. Click below: