Tougher regulations call for financial institutions to implement efficient processes

Financial institutions are under pressure to meet regulators’ increasingly tough payment data reporting requirements, according to Intix’s latest insights. And as the need for better efficiency increases, technological solutions offer help.

“FI’s need to ensure solid compliance in their reporting and be able to respond to regulators’ Requests for Information (RFIs) to avoid being fined, particularly in relation to payments data,” says Nezar Nassr, product manager – payments, compliance and fraud solutions at Intix.

Check out the full insight on inFinite Intelligence (bobsguide) and discover how xCOMPLY will help you implement efficient compliance-related processes.