Harnessing Digital Finance Technology for Compliance

Digital Finance Technology | Compliance Management System

Harnessing Digital Finance Technology for Compliance

Are you often puzzled in implementing compliance successfully and precisely due to its variations based on geography? Are you struggling to keep up with the updates on the compliance regulation? Is your compliance budget overshooting your compliance capital? Then, you should delve further to know about digital finance technology that interfaces with regulatory compliance technology. It provides one-stop solution for all your compliance technology requirements. Digital transformation services help in enterprise digital transformation. They facilitate in building digital technology solution that eases performance of day-to-day activities of digital transformation companies. Financial services technology helps in implementing compliance in a more reliable fashion. This is achievable because compliance technology incorporates AI and ML to learn and analyse a large pool of pertinent data. Implementing data science in digital transformation services aids in coming up with innovative products and services by financial services technology establishments. Digital financial technology harnesses the power of data to provide effective compliance.

Listen to this edifying The Technology podcast by BizClick Media with Shub Nandi, CEO and Co-Founder of PiChain. In this podcast, they discuss on leveraging the power of data science through compliance technology powered by AI and ML to revolutionise sustainable compliance. They also discuss the challenges faced by financial services technology providers during the pandemic and lockdown. The podcast beautifully points out the way in which the touch technology once considered to be fascinating has now become a nightmare due to COVID-19.

They both discuss about various alternative technologies such as voice-based systems, complete touchless technology, digital onboarding and regulatory compliance technology in detail. The podcast relates the gap in compliance score, which leads to increased risk, to overseen onboarding and the challenges faced by the compliance officers in using traditional systems. This podcast also unfurls the advantages of digital transformation services in connecting various data points to help in fruitfully executing compliance strategies.

Digital finance technology is essential to build highly-secured systems and applications to make contactless services like digital onboarding, video KYC, digital signature, voice-based services, and digital KYC safe, secure, and successful. Regulatory compliance technology generates reports by collecting and collating data from more than 10 systems in an effortless manner. This report is highly reliable and precise as they are generated by connecting various data points of the fraudulent transactions including the transactional behaviour of the fraudster. It also helps in implementing risks and compliance effectively and efficiently. Thus, it helps in reducing your compliance cost, increasing credibility of your organisation, and meeting your compliance needs within your budget.

Were you able to find out the answers for your questions? Are you clear about the solutions offered by digital transformation services interfaced with compliance technology to prevent and solve structured scams? If not, then why are you waiting, hit that play button to gain knowledge provided in the podcast to clarify your doubts. If yes, even then plunge into the podcast by hitting the play button and enjoy more insights about financial services technology. This will help you make a milestone decision in implementing digital finance technology in your organisation to harness its advantages and enjoy the benefits.

Digital Technology and Compliance

Digital Technology Podcast | Regulatory Technology

Digital Technology and Compliance

Digital technology and regulatory compliance go hand-in-hand. With the advent of fintech innovation, fintech companies started to offer various digital finance services to their customers. Financial technology eases the job of the employees in the financial institutions and helps to provide the customers with a range of fintech services seamlessly. The customers are extremely satisfied as they can avail the services online over any device that are connected to the internet. As technology grows by leaps and bounds, so does the organised crime in fintech payments. High-tech organised crimes aim at swindling money from your customers, illegal transactions using your customers’ credentials, and money laundering. This becomes taxing and poses a threat to the regulatory compliance of your organisation.

Whenever your organisation fails to comply with regulatory compliance, it has to compensate the customers and bear the legal proceedings. This will lead to financial losses to your organisation. It will also bring down the reputation of your organisation. Some regulations may also ban your businesses temporarily or permanently within their territory. Regulatory technology comes in handy to effectively and efficiently implement regulatory compliance. It provides an alert on any abnormal behavior in transactions whenever they occur. It also prepares various reports on organised crime by extensive data analysis, and effective utilization of regulatory capital.

Paul Stringfellow from Techstringy hosts this podcast along with Shub Nandi, CEO and Co-Founder of PiChain in a quite interesting manner to discuss the role of digital technology in the Fintech and Regtech industries. Both of them amazingly bring out the roles and challenges of financial technology and digital financial services in offering digital financial services without interfacing it with regulatory technology.

In this highly-informative podcast, they both examine organised crimes and challenges faced by fintech companies in implementing regulatory technology. They also delve into its root cause, ­ black box attitude, and digital footprint and its importance. They bring out the role of the Regtech industry in offering AI and ML-based software solution coupled with blockchain technology. This along with data science, meticulously implements regulatory compliance for the financial institutions offering digital financial services.

Shub Nandi portrays a holistic approach to solve the problems faced by fintech companies in implementing digital technology. He places the challenges of the compliance officers across the table for analysis. He dissects them with utmost care. This brings out the importance of compliance officers in implementing regulatory compliance and curbing organized crime.

To make compliance sustainable, financial technology has to be interfaced with regulatory technology to trace the digital footprints. This is essential to gauge the behaviour of the culprits involved in the malicious transactions. Effective implementation of regulatory compliance helps to improve the regulatory score of any financial institution. It also helps to efficiently use of regulatory capital allocated by the financial institution. PiChain has developed such systems that are powered by AI and ML. These systems improves its intelligence and performance over a period of time from its inception into the financial technology.

Have you implemented regulatory technology into your digital finance services? Do you wonder how fintech innovation will ease the life of your compliance officers that will make them more effective and efficient? Then, listen to the podcast to know more about augmented human enterprise in digital technology to offer seamless fintech services.

How do Regtech firms harness technology?

Regtech Industry | Digital Financial Services

How do Regtech firms harness technology?

Regtech industry provides compliance management system solutions to financial institutions that offers digital financial services through AI-powered GRC systems (Governance, Risk and Compliance Management systems) coupled with AML screening software. Any financial institution should afford fintech solutions to their customers to ease all the processes to provide seamless services and solutions to their customers in order to boost their business. This has become even more vital and essential since the COVID19 pandemic had hit the world where there are a lot of restrictions for people to move around. They are also reluctant to move around due to fear of inclusion by COVID19 and not due to FOMO towards COVID19.

Listen to an informative and interesting podcast, Serious Privacy, from TrustArc hosted by Paul Breitbarth and K Royal. In this podcast, they discuss with Shub Nandi, CEO and Co-Founder of PiChain, about the role of Regtech industry in harnessing technology to provide Sustainable Compliance Management Systems to financial institutions that offers digital financial services.

The podcast by the trio is fact and fun filled as they converse and analyse about the challenges faced by the risk and compliance officers of any financial institutions across the world in maintaining data privacy of their customers, curbing money laundering and implementing regulatory guidelines according to the geography of business operations. They also discuss various fintech solutions such as electronic signatures, digital onboarding solutions for both customers and businesses, fintech payment solutions, GRC systems and e-contracts. They also cover the roles and responsibilities of risk and compliance officers and the ways in which technology can augment cognitive compliance solutions to them to make their work effective, efficient and effortless which will improve their decision making.

The GRC systems provided by Regtech industry to financial institutions that provides fintech solutions help them in attaining sustainable compliance by increasing their compliance confidence score, using the regulatory capital efficiently and reducing the cost of compliance. To crack any organised crime involving digital financial services, we need to connect all the data points involving all the transactional data and behavioural data. This involves a great deal of effort in combining data science, big data, block chain and artificial intelligence together to develop a sustainable compliance management system. This helps in accurate prediction of risks and stringent compliance to regulatory processes.

Have you implemented effective and efficient GRC systems in your organisation from an Regtech industry expert? Do you want to know more about an AI-powered compliance management system that can help you in implementing and complying with the regulatory processes?

Listen to the podcast to know more details on organized crimes involved in money laundering, the importance of compliance to regulatory processes, the reasons for compliance still being a challenge and the advantages of involving a Regtech industry expert in implementing compliance and regulatory processes in your organisation. It also provides an overview about the commitment of Regtech industry in handling real-time data of customers while developing an AI-powered sustainable compliance management system.

Risk & Compliance Management System for Enterprises

Risk & Compliance Management System | Regtech Solutions | Automated Compliance | GRC Software

Risk & Compliance Management System for Enterprises

Compliance is a must-have for every company, especially financial organizations. Risk & compliance management systems act as the backbone for the smooth running of operations in an organization. This very reason brings up the need for having a proper GRC technology in place. There are various Regtech companies who are innovating various compliance management solutions to solve the compliance problems. 

Compliance is not a one-time process but it has to be updated on a continuous basis. It is here to stay as its necessity is increasing day by day. With the number of frauds and cybercrimes increasing exponentially, it becomes incessantly necessary to have strong compliance policies and rules. Regtech companies are providing automated compliance solutions to sustain and hold the integrity of an organization.

With the stage set on this thought, The Tech Blog Writer brings to you an amazing podcast covering compliance and what we can expect from it in the future. Neil Hughes leads this interactive podcast with Shub Nandi, CEO and Co-Founder of PiChain. These podcast series show the journey of budding entrepreneurs who leverage technology to change the face of the finance industry. It follows up with how the risk & compliance management system is changing the industry that is otherwise dominated by human interaction and work.

The podcast starts with why compliance management solutions are becoming unavoidable. With huge numbers of frauds and threats generated every day, manual compliance is becoming less and less effective with time. Questions like when is the right time to switch to automated finance? Is your company ready for implementing the GRC platform? If not, what are the pre and post actions one should be aware of? All of these questions are answered in this episode which provides clear guidance as well.

Are you doing things correctly or are you in danger of falling back? Educate yourself on various compliance management solutions with the help of this podcast. Debunking myths and exposing facts of compliance, this information pumped podcast is a worth watch for everyone in this field. Follow this podcast to know the updates in the risk & compliance management system. 

Digital Banking Services – Transforming Core Banking Systems

Digital Banking Technology | The International Business | Compliance Management Services

Digital Banking Services - Transforming Core Banking Systems

The Banking and Finance industry has seen more changes and transformations in the last decade as compared to since its induction. Needless to say, the COVID-19 pandemic has accelerated up the process of digitization. Thus, helping this industry to provide easy access to digital banking services. The change was a part of the multiple transformations of the core banking system of the industry. The wave of digital transformation in banking hit each and every institution. To stay afloat during the lockdown it came up with varied conversational banking services.

Listen to an informative session by the International Business Podcast which covers the journey of technology in the core banking platforms. Even though hesitant at first, this industry had eventually opened up it’s working for technology to take over. Starting from identity theft, customer onboarding to Anti Money Laundering, every action that earlier used to happen manually, now happens with the help of technology now.

Leonardo Marra converses with Shub Nandi, CEO and Co-Founder of PiChain to know how Regtech solutions are built by startups. How did the digital banking services provided by these tech firms help to find the ideal balance between the world of finance and technology? How is the digital transformation in banking leveraged to grow and expand faster?

The podcast covers how using Artificial Intelligence in Banking and Neural Networks, the whole business is transforming into an intelligent framework. The core banking system learns from customer actions and analyzes better. Blockchain is another disruptive technology that is seeing a lot of use in transaction validation especially because of its immutability characteristic.

Artificial Intelligence is providing undisputable help to the fraud detection system associated with the finance industry. Starting from detailed customer verification to digital banking services, it has proved to be a much better solution than manual compliance management. Regtech solutions are helping to manage regulations and policies automatically. The decrease of human intervention in the security system and core banking platforms have created a robust framework for these organizations and institutions.

Is your organization making the best use of an automated core banking system? Are you equipped to work in the finance industry which is now backed by technology? Listen to this podcast to find out what is to be expected with this major change in conversational banking. 

Sustainable Compliance Management System

Compliance Management Solutions | AML Compliance Solutions | Regulatory Technology

Sustainable Compliance Management System

Can compliance be made sustainable? This question has been going around for a long time. Compliance management systems, being an unprecedented part of every organization, have undergone several technological revisions to adapt to the fast-changing regulations. This slowly transforming AML compliance system is headed towards achieving the sustainable goal of compliance risk management. Deploying disruptive technologies like Artificial Intelligence, Blockchain, and Big Data, organizations are easily managing various financial, governance, and compliance risks.

Covering the role of technology in the financial industry, the Global Risk Community is bringing forward a podcast that answers all the questions related to managing compliance risk.

Hosted by Boris Agranovich, this show addresses all trending issues and is one of the most sought after fintech blogs. In this podcast, Boris interacts with  Shub Nandi, CEO and Co-Founder of PiChain to know his take on the revolutionary compliance management system and technology. Having a good amount of experience in this field, Shub guides the listeners to the current statute of the banking industry and Regtech solutions bringing about the desired change. He walks us through all the positives and negative impacts of having technology back up this industry.

Lawsuits for compliance failure is a very common sight these days as many institutions are not able to complement proper AML compliance system. With a good number of very well known companies falling victim to it, the world is now facing a hard time in compliance risk management. The ever-changing set of compliance regulations adds up to the existing problems driving the need to have up-to-date automated compliance software. It requires a good amount of work to not just follow the compliance but to also stay up to date with the latest changes. This is where the idea of automation took birth and thus sustainable compliance came into existence.

The finance industry is the backbone of the economy. Being so, it was necessary for it to be up and running even in the dire times of the COVID-19 pandemic. This pandemic sped up the digital evolution that the industry has been slowly undergoing. With customers moving to mobile and internet banking and onboarding digitally, the number of frauds increased drastically. For an organization to keep track of all these and the even more changing of regulations and digital transfer, it was becoming mandatory to have robust compliance management software.

Are the statistics predicted to improve towards the AML compliance system with the abolishment of manual compliance? Will money and people be safer if organizations establish a secured compliance risk management system? Follow the podcast to know the answers and gain incomparable knowledge on this subject.

Transaction Monitoring System – Following the Money Trails

Compliance management podcast | AML transaction monitoring | Banking Technology

Transaction Monitoring System - Following the Money Trails

Money is the most important token of the economy that needs to be managed and tracked properly. One part of money and
compliance is complying with the regulations. It helps one to know how and in which direction the money is flowing. Wherever money transactions are involved, there is a risk of fraud or other financial crime involved. To tackle such situations, many start-ups have emerged introducing solutions. Their platforms consist of transaction monitoring system, continuous risk monitoring technology, suspicious activity tracking based on technologies like AI, blockchain, etc.

An incredible podcast brought to you by Startup Instinct emphasizes the importance of money and compliance management systems, featuring Shub Nandi, CEO and Co-Founder of PiChain. The discussion revolves around how organizations are getting affected by compliance irregularities. It covers how various tech start-ups create platforms such as risk monitoring technology to reduce them. 

Focusing on different perspectives and experiences of start-up entrepreneurs, Zaeem Rehman, host of Startup instinct aims to bring in fore their journey to build a startup. The discussions are meant to understand the ups and downs involved in it. This podcast also motivates the ones who want to create a difference with their innovative ideas and guides them to the correct path. The podcast covers people from all genres of industries starting from business CEOs to content creators and many others.

Discussing the experiences and learning, it moves on to Shub’s take on compliance management, risk monitoring technology and regulatory problems to which he is devoted to solving. He discusses the cause and vulnerabilities that open up scope for Money Laundering.

The conversation also touches the psychology behind money investments and use of international banks which have impacted Money Laundering activities around the world. We also get an insight into how the transaction monitoring system helps to keep a track on money circulating inside a company. This technology also helps in suspicious activity tracking. It covers how the regulations establish a self-sustainable country.

We get to see some really shocking global statistics that leave us with a thought of overall figures that might be derived for the world. Money is required to run a country and the economy which is bound to be affected by the changes in laws governing it. To have a better understanding of the topic, click on below.

How has Compliance Technology revolutionized the regulatory world?

Compliance Management Solutions | Regtech Solutions | Regulatory Technology

How has Compliance Technology revolutionized the regulatory world?

Compliance function has now become a part and parcel of any financial organization. All transactions, asset exchange, and management protocols are governed by a set of compliance regulations. Failing to comply with the regulations might invite legal penalties and fines. Many severe frauds and engagement in illicit activities lead to the permanent shutdown of the company. All of these ramifications are quite disastrous for a company. Thus, in order to deal with such situations, fintech startups have introduced automated compliance solutions which led to the evolution of compliance technology.

A thought-provoking podcast brought to you by Compliance Time discusses the whole domain of compliance and how efforts have already begun in the field of technology to confront several roadblocks. 

Pivoting the area of financial compliance, Densita, the host, interviews Shub Nandi, CEO and Co-Founder of PiChain to know more about the upcoming revolutions in the area of compliance technology. The podcast series covers topics related to fintech startups, regulatory solutions, compliance technology, and dives deep into the other terms associated with it. Updating us on the ongoing happenings, this podcast will fill you in with various compliance information.

The discussion starts with how AI and Blockchain, two prominent technologies, are being used by RegTech & Fintech startups to achieve sustainable compliance in the forms of confidence scores, costs, and efficient utilization of regulatory capital. The discussion then exhibits ideas and thoughts of compliance officers and what worries them most in the field of compliance. 

Shub answers the question of “What makes good compliance?” and presents a model where good and sustainable compliance is actually cost-effective.

Compliance policies also apply to a lot of non-financial companies as well. Even though it comes in different forms and names, Regulatory compliance technology still plays a critical role in running an organization. To get more insights into how the finance industry works & the compliance requirements, click on the link below.

How is Regulatory Technology proving to be a worthy tool?

Regulatory Technology | Regtech Solutions | Compliance Management Technology

How is Regulatory Technology proving to be a worthy tool?

Being dominated by manual work, the finance & banking industry is now slowly shifting towards technology especially to meeting the growing compliance regulations. Artificial Intelligence and Blockchain are the foremost technology innovated by Regulatory technology firms which are gradually meeting the compliance requirements. This is bringing about a revolution in the financial industry.

Listen to a stimulating podcast brought to you by BizSoup Podcast Radio, featuring Shub Nandi, CEO and Co-Founder of PiChain. It covers all that you would need to know about the current reforms in the banking and finance industry. Detailing the use of regulatory technology, it traces how exactly the concept of cryptocurrency, bitcoins and other deep tech is giving rise to the financial revolution.

John DeBevoise of BizSoup podcast radio puts forth all queries involving compliance and its reformation in the finance world. Being an entrepreneur himself, this initiative of John is aimed at helping all budding entrepreneurs to develop their business and guide them through. Following the tagline of “If it’s in Business it’s Business Soup!”This podcast has come a long way and has helped numerous businesses to grow.

Starting with Shub’s experience in establishing a RegTech company, the discussion rounds up to how these solutions can help small businesses with their complex compliance problems and deal with financial crimes. Technology is not just helping in compliance but also in the field of threat identification and Anti Money Laundering. The discussion covers the various frauds under the banner of Money Laundering and how the banking system becomes vulnerable to these Laundering threats.

Blockchain being the token of cryptocurrency has a very unique immutable property which is now being used to ensure compliance in the finance industry. The finance industry is currently going through a technological revolution with deep techs like AI and blockchain being at the forefront of change. The current pandemic has also pushed the financial industry to accept digitization. Needles to say, this is an industry that needs to be prepared for a huge bout of ups and downs to come out as a better and more secured version of itself. 

To know more about the reforms brought by regulatory technology and the changes in the regulations, click below.

Regulatory Tech | Automated Compliance | Podcast

The Future of Compliance Technology: Paypod and PiChain

Compliance Management Technology | Automated Compliance | Digital Banking

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.

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