This document discusses Complidata solutions for asset managers to improve their KYC/CDD and AML compliance processes using artificial intelligence-driven automation. It notes the challenges of new regulations, complex corporate structures, and lengthy manual onboarding processes. The solution aims to speed up and make more efficient the due diligence of various entity types and collection of documentation through features like automated data retrieval, intelligence searches, document digitization, risk scoring, and data extraction using microservices with AI. The goal is to help asset managers meet evolving regulatory demands, enhance process efficiency, and mitigate compliance risks.
We conduct an independent assessment of Anti-money Laundering(AML), Combating the Financing of Terrorism & Sanctions(CFT) Compliance Frameworks in UAE.
This presentation talks about the different business models and how they allow Obopay to adapt to different business environments and requirements of different markets and partners.
To run a successful business it needs to be supported by various services. These are typically scattered among many excel sheets and documents. We bring visibility and governance in your service ecosystem.
Accounting System Compliance for Non-AccountantsRobert E Jones
Govology
Presented by Left Brain Professionals Inc.
Many business owners admit accounting is about as foreign to them as any non-English language. Some
have learned enough to survive a rudimentary conversation, while others have delegated responsibility to
someone else. That someone else may not be properly trained in accounting or well-versed in the nuances
of government contract accounting.
In government contracting, accounting is as important as the contract itself. In fact, the contract type
dictates certain accounting requirements including invoice formats and status reports. If you’re performing
work on a cost-reimbursable contract (any cost-type or time-and-material contract), you must have an
approved accounting system.
Obtaining an approved accounting system means understanding the 14 items addressed in the SF 1408
Preaward Survey of Prospective Contractor Accounting System. The survey addresses segregation of costs,
job costing, and timekeeping, among other topics. We walk through the SF 1408 providing practical guidance
and insight into each requirement. You don’t have to be an accountant to understand this, but you need to
understand this to be successful in government contracting.
We conduct an independent assessment of Anti-money Laundering(AML), Combating the Financing of Terrorism & Sanctions(CFT) Compliance Frameworks in UAE.
This presentation talks about the different business models and how they allow Obopay to adapt to different business environments and requirements of different markets and partners.
To run a successful business it needs to be supported by various services. These are typically scattered among many excel sheets and documents. We bring visibility and governance in your service ecosystem.
Accounting System Compliance for Non-AccountantsRobert E Jones
Govology
Presented by Left Brain Professionals Inc.
Many business owners admit accounting is about as foreign to them as any non-English language. Some
have learned enough to survive a rudimentary conversation, while others have delegated responsibility to
someone else. That someone else may not be properly trained in accounting or well-versed in the nuances
of government contract accounting.
In government contracting, accounting is as important as the contract itself. In fact, the contract type
dictates certain accounting requirements including invoice formats and status reports. If you’re performing
work on a cost-reimbursable contract (any cost-type or time-and-material contract), you must have an
approved accounting system.
Obtaining an approved accounting system means understanding the 14 items addressed in the SF 1408
Preaward Survey of Prospective Contractor Accounting System. The survey addresses segregation of costs,
job costing, and timekeeping, among other topics. We walk through the SF 1408 providing practical guidance
and insight into each requirement. You don’t have to be an accountant to understand this, but you need to
understand this to be successful in government contracting.
Contego Fraud Solutions Ltd fin tech week 2014Rebecca1243
Data and Risk Management:A Match Made in FinTech.
Earlier this year Adrian Black, CEO of Contego, gave an insightful presentation on what data needs to be leveraged in the fight against fraud. Here at Contego we think that sharing the right intelligence reduces collective risk. So please take a look.
Custody Banking and Emerging KYC NeedsTodd Breeden
Presentation prepared for one of the world's largest custodian banking service providers summarizing macro trends affecting the landscape and how to focus on emerging technology vendors in RegTech as a potential strategic solution to expand their business footprint
Emagia Master Class 3 | Integrated Order-to-Cash (OTC) Transformation for Glo...emagia
Integrated Order-to-Cash (OTC) Transformation for Global Shared Service Organizations. Emagia Master Class 3. Automated consolidated receivables – in total and by customer from multiple ERP’s
https://www.emagia.com/master-class/
In today’s fast-paced business world, organizations are continually seeking ways to optimize their operations and reduce costs. One area that has gained significant attention is accounts payable outsourcing. By entrusting the management of accounts payable processes to specialized service providers, businesses can streamline their financial workflows and focus on core activities. In this article, we will explore the concept of accounts payable outsourcing, its benefits, implementation process, considerations, challenges, best practices, and real-world case studies.
Visit: https://www.myndsolution.com/blog/streamlining-financial-processes-introduction/
Navigate the Financial Crime Landscape with a Vendor Management ProgramPerficient, Inc.
What is the impact of a failed risk management program as a result of actions committed by a vendor or service provider? Your financial institution may be exposed to reputational damage and financial losses running into billions of dollars.
During this webinar, our financial crime and risk management experts discussed current financial crime trends, steps to identifying vendor risks, the need for Know Your Vendor (KYV) and due diligence, and creating a cross-functional risk-based approach to vendor governance.
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
Short term possabilities for eKYC improvmentsRonny Khan
When exiting the first wave of Covid-19 it is crucial to leverage the options we have to digitalize what we can. This is really a case that makes huge sense in the normal sense and really, really should be executed on immediately.
Similar to FinTech Belgium – Fintech Belgium MeetUp on Asset Management – M. Verbeke – Complidata – 10-10-19 (20)
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
2. A.I.-driven automationA.I.-driven automation
• New regulatory standards and expectations
• Additional requirements: UBO’s, tax, counterparties,
• Secondary Sanctions
• Manual on-boarding processes
• Competitive market requiring fast processes
• Create conditions for growth without being hampered by compliance
• Sub-par processes, lack of technology, point solutions
• New types of investors, complex corporate structures
Challenges
3. A.I.-driven automationA.I.-driven automation
Investments due diligence
• Types of entities to verify:
• sponsors, target, beneficiary, participant, tenants, guarantors, other linked parties,
directors, managers
• Intermediaries: Security Agent / Agent Bank / Notary / Lawyers etc…
• +/- 50 entities to perform diligence on per project
• Types of documents to collect:
• Certified copies of group org chart, incorporation, directors, trustees, passports,
shareholders , UBO’s, authorised signature
• letters from chief compliance/ CFO concerning status
• Extract from commercial and official registers, articles of association
• Audited accounts, tax compliance letter for no aggressive tax structuring
• Fatca, CRS self certification
• …
• Types of scoring:
• tax crime, financial crime, sanctions, AML, secondary sanctions
• Enhanced due diligence
• Average duration: 2 months to completion for investor or project due diligence
4. A.I.-driven automationA.I.-driven automation
Speed, effectiveness, efficiency, cost….
Client Stated Objectives
***** experienced tremendous regulatory pressure to improve their regulatory compliance and risk
effectiveness. ****’s stated objectives are as follows:
• Improve regulatory compliance across ****’s various lines of business and geographies
• Provide flexible solution(s) for evolving regulatory demands and differences across regional jurisdictions
including:
• Support governance and mitigate operational compliance risk, by ensuring consistency and accuracy of
GFCD activities through workflow, governance, and transparency
• Support integration with downstream and upstream systems
• Enable globally consistent and locally effective solution(s) to standardize financial crimes compliance
activities throughout
• Enhance process efficiency through the automation of manual processes and elimination of duplicative
activities
• Enable configurable workflows and interfaces; and
• Support new and emerging technologies
6. A.I.-driven automationA.I.-driven automation
Corporates Score : Qualification of the corporates
01
Corporates &
Sanction lists
Profile of the
corporate :
Shareholding,
legal form,
business line, ..
UBO /
national PEP
/ foreign PEP
A positive
matching is
sufficient to
increase the pace
of the monitoring
Alerts are
qualified in real
time and integrate
the result into the
score
UBO /
sanction list
02 03 04
7. A.I.-driven automationA.I.-driven automation
Score based on following criteria
• Private Customer/ legal entity (coporate)
• Operation or transaction (remittance, redemption)
• Origine and destination of funds,
• Country risk
• Justification of the operation
• distinction between subscriber and payor
• Client channel (broker, online, branch, partner…)
Operations & transactions Risk Scoring
Example based on the French Insurance Regulators (ACPR) guidance
Providing a spreadsheet & note describing the
principles of the score
The operation or transaction score can be
intergrated into a business rule integrated in
your workflow and trigger alerting
8. A.I.-driven automationA.I.-driven automation
Pre-contractual 01
02 04
03 05 At the termination of the
relationship
Periodic reviews
Remediation,
At acceptance
At the occasion of a transaction or a
significant event
An obligation since the Third EU Directive
The ongoing due diligence
9. A.I.-driven automation
Examples of A.I.-drive automation micro services
Making onboarding processes faster, more efficient, more effective
Up-to-date certified copy of the Group organisational chart + expected post-closing(Up-to-date means including any potential new entities involved in the deal) Certificate of incorporation / Extract from Commercial Register Certificates of all name changes where applicable Memorandum of Association / Articles of Association (Executed version) Latest audited financial accounts Up-to-date certified list of all directors / Trustees Up-to-date certified copies directors’ passports Up-to-date certified list of shareholders in the company.Copy of the commercial register and a list of shareholders / share register for each company “above” the borrower(s) Identification documents of ultimate shareholders holding 25% or greater or an AML letter from the Compliance Officer / Finance Director / Administrator confirming status that there are no beneficial owners holding 25% or more Please provide a confirmation from the tax advisor that the post-closing structure is compliant with the applicable tax regulation in order to give us the evidence there is no aggressive tax structuring Up-to-date certified true copy of the authorised signature list (names and specimen signatures)