Systems | Development | Analytics | API | Testing

3 Top Process Compliance Challenges and How to Solve Them

Technology is an indispensable ally for navigating process compliance challenges with confidence. That’s because as digitization expands and regulatory requirements change, process compliance becomes more and more difficult to address manually. In this blog post, we’ll examine common process compliance challenges and how technology can help solve them. The most significant challenges for process compliance are manual and paper-based systems.

Consumer Privacy: Getting More from Data Compliance with Embedded Analytics

Consumer privacy has increasingly become important for businesses and individuals alike. As data is becoming more and more widespread, people are more worried about where their data is going, how it’s being used, and how it’s facilitated. This has made data security paramount and front-of-mind for many organizations.

Regulatory Compliance in Banking: 5 Steps to Take Now

The first quarter of 2023 was quite a rollercoaster ride for the banking industry, marked by not one but two of the largest bank failures in U.S. history. As a result, regional banks took a hit as well, losing nearly $200 billion in deposits in just one week, according to the Federal Reserve. Because regional and smaller banks in the U.S. make up over a third of total bank lending, any pullback in credit provisioning could undermine financial stability and growth. The bottom line?

What Is ISO 9001?

ISO 9001 gives specific requirements and criteria for an organization's quality management system (QMS). It is a broad, international standard that is used by any type of organization of any size. The most recent version of ISO 9001 was released in 2015 and aims to help companies improve customer experience, meet regulatory requirements, manage supplier and partner relationships, and achieve continual company success.

6 KYC Pain Points Solved: How to Drive Efficient Compliance

Compliance is a core tenet of financial services organizations’ day-to-day operations. And the stakes are high, as regulatory fines are steep and climbing. Know Your Customer (KYC) compliance is just a piece of the overall compliance puzzle—but it’s an important piece. In 2022, global fines for failing to prevent money laundering and other financial crime surged more than 50% according to the Financial Times.

The Ultimate Solution for Building FHIR-Compliant APIs

Fast Healthcare Interoperability Resources (FHIR) is a groundbreaking standard in the healthcare industry, designed to facilitate seamless data exchange between various systems. With the increasing demand for interoperability and efficient communication, Hl7 v2 FHIR-compliant APIs (application programming interfaces) have become an essential tool for healthcare providers and organizations to transfer health information from provider to provider.

Creating responsible digital accessibility

“Are we WCAG compliant?” “When did we last conduct an audit?” “Who is responsible for accessibility?” If any of these sound familiar, then it’s very likely that you’re not delivering responsible accessibility. Over the past decade, a transformational culture shift has empowered us to take a closer look at social justice, inclusivity, and how to right the wrongs of the past.

3 Ways to Help IT Improve Regulatory Risk Management and Compliance for Financial Services

Managing a delivery team that supports any complex business requires aligning people and technology with the needs of your customers in order to deliver the software they need to run the business. Firms that operate within regulated environments like financial services, including capital markets also have to contend with external influence from regulatory partners—which can shape not only what you’re asked to do but also how you need to do it.