Last year we launched our Transaction Assurance product which sets a new standard for banks and fintechs to understand their compliance controls with regards to transactions. We are already working with customers like Ramp to give them “the confidence to walk into any regulator and say I know I don’t have a breach.”
I recently spoke with Sheetal Parikh, Deputy General Counsel and VP Compliance at Treasury Prime about this new product. Here is a clip explaining what Transaction Assurance is:
Without Transaction Assurance, the only way to test the effectiveness of controls like Transaction Monitoring is through manual sampling. Sheetal explains the traditional method here:
We also talked about Transaction Monitoring, how BaaS or Embedded Banking banks implement it, and whether or not it should be retroactive or real time. You can find our thoughts on those topics below!
If you want to find out more about Transaction Assurance and how it can help you save time and money, as well as increase your confidence when talking with regulators, get in touch for a demo today.
.jpg)
Why Banks and Fintechs Need Good Compliance Programs: Understanding Consent Orders and Their Impact
Will AI + Automated Testing Eliminate the Third Line of Defense?
Navigating Compliance and Regulatory Trends in Banking as a Service: Key Insights from Natasha Vernier and Konrad AltLast year we launched our Transaction Assurance product which sets a new standard for banks and fintechs to understand their compliance controls with regards to transactions. We are already working with customers like Ramp to give them “the confidence to walk into any regulator and say I know I don’t have a breach.”
I recently spoke with Sheetal Parikh, Deputy General Counsel and VP Compliance at Treasury Prime about this new product. Here is a clip explaining what Transaction Assurance is:
Without Transaction Assurance, the only way to test the effectiveness of controls like Transaction Monitoring is through manual sampling. Sheetal explains the traditional method here:
We also talked about Transaction Monitoring, how BaaS or Embedded Banking banks implement it, and whether or not it should be retroactive or real time. You can find our thoughts on those topics below!
If you want to find out more about Transaction Assurance and how it can help you save time and money, as well as increase your confidence when talking with regulators, get in touch for a demo today.
