The Future of Compliance Technology: Paypod and PiChain

RegTech | Compliance Technology | Soarpay

The Future of Compliance Technology: Paypod and PiChain

The spike in financial crimes due to COVID-19 and continuous changes in the regulations have accelerated the adoption of Compliance Technology. Banks and financial institutions have to become more vigilant for suspicious activities. In order to keep up with the latest regulations and continuous monitoring of transactions, Regtech firms have developed simple and easy compliance solutions.

A worth listening podcast by Soar Payments on RegTech & sustainable compliance. Shub Nandi, CEO and Co-Founder of PiChain, a RegTech company with the mission to make compliance sustainable, provides great insights on how Regtech firms provide banks & various financial institutions with reliable & sustainable tech tools to ensure compliance. It elaborates how compliance technology helps to deal the spiking financial crimes. 

Paypod, an amazing podcast that explores The Payments and Fintech industry, created by Soar Payments will provide you with great insights directly from leaders in the Payments and Fintech industry. Scott, the Host of PayPod, interacts with business leaders and entrepreneurs across the field of fintech, security, mobile development etc and 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 finance industry, the podcast moves on to the topics of sustainable compliance and regulatory technology; what makes it so necessary in today’s Banking and Financial Sector. He explains how and what builds up the pillars of successful compliance practices. It then touches upon the challenges faced by financial companies and organizations and how smart technology is getting adapted to ensure robust and more secured service.

We get to see some really valuable insights and numbers to the finance industry which otherwise is a topic that most people are unaware of. To get more insight into the subject and listen to the podcast, click below.

Leveraging Emerging Tech to combat Financial Crimes

Emerging tech to combat financial crime

Leveraging Emerging Tech to combat Financial Crimes

With the world getting digitized so fast, it is the need of the hour to integrate emerging technology with the banking and finance industry, which otherwise majorly depends on manual work.

We are thankful to Anthony Muns from 8topod for having Shub, CEO of PiChain on their global podcast to discuss how regulatory technology is helping the banks & financial institutions to fight against financial crimes. RegTech firms are leading the way by assisting these institutions to combat illicit activities and fund transfers by leveraging emerging technology. 

PiChain is one of the RegTech firms with the mission to make compliance sustainable. It is working on integrating technology in various mundane but necessary jobs in compliance. It has developed a full-fledged On-boarding suite that includes VideoKYC, eKYC, AML Screening and E-Signatures approved by regulatory authorities. By using various technologies AI, Blockchain, it ensures real-time onboarding in less than 90 seconds. It assists Compliance and Regulatory Professionals to make better decisions by ensuring up to 93% reduction in False Positives.

The podcast discusses how RegTech firms like PiChain, are assisting to combat financial crimes using AML, AI, blockchain and digitized identification processes. 

As Shub said, the goal of PiChain is:

1) Increasing compliance confidence score

2) Reducing the cost of compliance

3) Repeating it YoY 

Along with the system in place, the firms need to update themselves with current happenings in the FinTech sector. Podcasts like 8topod engage with some of the thought leaders & innovators from various industries to understand the tactics, tools, and practices they are using to succeed. Anthony’s podcast helps many leaders & innovators to get the latest news, developments & trends within the finance and business spectrum. 

The podcast covers topics from Transaction Monitoring, Anti-money laundering (AML), Know Your Business (KYB) and Regulatory Reporting to FATCA and CRS.

Click below to listen to the interesting & insightful conversation on how PiChain is leveraging emerging technology to ensure sustainable compliance.

This website uses cookies to ensure you get the best experience on our website. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.