UNIFITS GmbH’s Post

Future-Proof Your Bank's Compliance with Automated Testing How can banks stay ahead in a rapidly changing #regulatory environment? Join us next week for an exclusive Finextra #webinar, 'Automated Testing: The Road to Evergreen Compliance', hosted in association with UNIFITS GmbH on Tuesday 22 October. Our panel of experts will explore the challenges of #ISO20022 #compliance & how #automatedtesting can streamline your bank's long-term compliance journey. Discover how to replace outdated #testing methods with an always-on, efficient solution. Don’t miss this chance to learn from industry leaders — Register now ➡️ https://bit.ly/4d509L0 #fintech #finance #banks #banking #automation #payments #instantpayments #realtimepayments #crossborderpayments #internationalpayments #financialservice #financialinstitutions #regulation #riskmanagement #technology #innovation #future #trends #paymentservices #paymentsystems #paymentrails #Swift #ITsystems #regulators #operationalrisk #paymenttesting #automatedtesting #cloud

Future-Proof Your Bank's Compliance with Automated Testing How can banks stay ahead in a rapidly changing #regulatory environment? Join us for an exclusive Finextra #webinar on Tuesday 22 October, 'Automated Testing: The Road to Evergreen Compliance', hosted in association with UNIFITS GmbH. Our panel of experts will explore the challenges of #ISO20022 #compliance & how #automatedtesting can streamline your bank's long-term compliance journey. Discover how to replace outdated #testing methods with an always-on, efficient solution. Don’t miss this chance to learn from industry leaders — Register now ➡️ https://bit.ly/4d509L0 #fintech #finance #banks #banking #automation #payments #instantpayments #realtimepayments #crossborderpayments #internationalpayments #financialservice #financialinstitutions #regulation #riskmanagement #technology #innovation #future #trends #paymentservices #paymentsystems #paymentrails #Swift #ITsystems #regulators #operationalrisk #paymenttesting #automatedtesting #cloud

Future-Proof Your Bank's Compliance with Automated Testing How can banks stay ahead in a rapidly changing #regulatory environment? Join us tomorrow, Tuesday 22 Ocotber, for an exclusive Finextra #webinar, 'Automated Testing: The Road to Evergreen Compliance', hosted in association with UNIFITS GmbH, at 3PM BST (4PM CEST/10AM EDT). Our panel of experts will explore the challenges of #ISO20022 #compliance & how #automatedtesting can streamline your bank's long-term compliance journey. Discover how to replace outdated #testing methods with an always-on, efficient solution. Don’t miss this chance to learn from industry leaders — Last chance to register ➡️ https://bit.ly/4d509L0 #fintech #finance #banks #banking #automation #payments #instantpayments #realtimepayments #crossborderpayments #internationalpayments #financialservice #financialinstitutions #regulation #riskmanagement #technology #innovation #future #trends #paymentservices #paymentsystems #paymentrails #Swift #ITsystems #regulators #operationalrisk #paymenttesting #automatedtesting #cloud

📌 In the rapidly evolving financial landscape, non-banking financial companies (NBFCs) are faced with the ever-increasing challenges of navigating complex regulatory frameworks. To address these complexities, the integration of Regulatory Technology (RegTech) has emerged as a game-changing solution, enabling NBFCs to enhance their compliance efficiency and adaptability. ✅ The Rise of RegTech in the NBFC Sector Regulatory Technology, or RegTech, refers to the use of innovative digital tools and automation to streamline compliance processes, mitigate risks, and enhance decision-making. For NBFCs, RegTech has become a crucial ally in navigating the intricate web of regulations, reporting requirements, and data management. ✅ Key Benefits of RegTech for NBFCs 🔸 Automated Compliance: RegTech solutions can automate the monitoring, reporting, and analysis of regulatory requirements, reducing the risk of non-compliance and human error. 🔸Enhanced Regulatory Tracking: RegTech platforms can continuously monitor regulatory changes, allowing NBFCs to stay ahead of the curve and adapt their processes accordingly. 🔸Improved Risk Management: RegTech tools can provide real-time insights into risk exposure, enabling NBFCs to make informed decisions and implement proactive risk mitigation strategies. 🔸Streamlined Data Management: RegTech solutions can centralize and analyze vast amounts of data, improving data governance, quality, and accessibility for more informed decision-making. 🔸Cost Optimization: By automating compliance processes, RegTech can help NBFCs reduce the operational costs associated with manual compliance tasks. ✅ Embracing RegTech: A Competitive Advantage for NBFCs As the financial industry continues to evolve, NBFCs that embrace RegTech will be better positioned to navigate the regulatory landscape, enhance their compliance efficiency, and gain a competitive advantage in the market. To learn more about how RegTech can transform your NBFC's compliance operations, connect with our NBFC Advisory team for more information. #RegTech #NBFC #Compliance #FinancialRegulation #DigitalTransformation #FinancialTechnology #ComplianceManagement #RiskManagement #DataGovernance #OperationalEfficiency

As we edge closer to the pivotal November 2025 deadline for the ISO 20022 migration, the corporate sphere is presented with a unique challenge—and an unparalleled opportunity. This transition from MT to MX messages signifies more than just a compliance milestone; it heralds a new era of financial transactions characterized by richer data and more structured communication. This is a call to action for corporates: a chance to streamline operations, enhance data quality, and solidify your standing in the global market. Read blog 👇 #CreditUnion #ISO20022 #PaymentProcessing #FinancialTechnology #Fintech #Compliance #OperationalEfficiency #SeamlessIntegration #FutureProof #MillenniumEBS #Payments #banking #payments

Imagine a regional bank keeping up with constant regulatory changes—while ensuring every update is assessed and documented—without drowning in manual work. Sounds too good to be true, right? That’s exactly the challenge one of our banking customers has overcome. Here's how Regology helped: ✅Automated Impact Analysis quickly prioritizes new regulations, so the team can focus on the most urgent changes. ✅Detailed Impact Statements are automatically assigned to team members, complete with an upload button for audit-ready documents. ✅Real-Time Alerts kept them informed of every important regulatory update. Now, they’re saving time, staying compliant, and always audit-ready. 🙌 👉Read more about it here 🔗https://hubs.ly/Q02SbYvP0 #Compliance #RegTech #Banking #Automation #ImpactAnalysis #AuditReady

I started the stakeholder consultation for our journey towards ISO20022 harmonization and spoke with our internal stakeholders (across Operations, Treasury, Compliance and Technology) as well as external stakeholders, e.g., companies in key sectors, integration consultants and treasury/finance technology platform providers. My general observation is that even as we are just 12 months away from the SWIFT CBPR+ deadline (Nov 2025), users and consumers of payment information still do not know what is happening and what to expect. I am still met with shocked faces (even over ZOOM calls) when I tell them that SWIFT will demise the MT series 100 200 and 900, which we have all used for the past 40+ years, despite all its faults. I then go into my spiel that banks will continue to support these message types but will not introduce any further enhancements to it. Thus, end-users can continue to use the “legacy” MT formats but may be stuck with the limited information that these can carry. I then have explain the work that has been started on MX adoption and the work that has yet to start on ISO20022 standards harmonization, preaching the benefits of enriched information delivered in a consistent and predicatable manner. This is when the “oohs” and “ahhs” suddenly appear and I sense a level of excitement (and disbelief) that this may become a reality. I tell them to forget about what it’s called, as it can easily sound like something coming out of a coding and machine language lesson, but instead, simply call it PAYMENT INFORMATION. At this point, I am suddenly met with eagerness and enthusiasm, and the discussion starts flowing. They want a single source of truth. They want access to all payment information from a single system or document. Currently, some of these information are available, but from different sources. Users want a consistent experience across participants and service providers. That is, the information should be consistently available and found in the same place each and every time. They go into more specific information they want to see, primarily to know who paid and what the payment is for. They even go further to ask for pricing information from their financial transactions, whether it’s a loan or FX deal. Information that will allow them to confirm the method of payments and determine finality. This facilitates faster recognition of payment and more efficient fulfillment of the commercial transaction. For Participants, Payment Transparency is important to meet regulatory requirements and reporting, in the areas of sanctions screening transaction monitoring and international transactions. Availability and quality of the information is very important to reduce referrals and improve payments processing. At the end of this conversation, I have a long wish list of requirements and the question - “When can we start?” Now I got them excited…. ….abangan ang susunod na kabanata #paymentinformation #ISO20022

Banks and financial institutions, are you prepared for the November 2025 ISO 20022 deadline? Our latest article provides a strategic guide to help you navigate this major transformation with confidence. Discover why Quality Engineering is essential for ensuring a successful and smooth migration. 👉 Read the full article here: https://lnkd.in/eeYFsdH6 Join the conversation and get ready to transform your payment systems! #ISO20022 #QualityEngineering #CrossBorderPayments #Payments #DigitalTransformation #LikeNoOther

While Banking-as-a-Service (BaaS) offers significant opportunities for innovation and growth, it also presents a range of risks that internal auditors must understand. This article explores the key risk areas associated with BaaS to provide a comprehensive overview for internal audit professionals.

While Banking-as-a-Service (BaaS) offers significant opportunities for innovation and growth, it also presents a range of risks that internal auditors must understand. This article explores the key risk areas associated with BaaS to provide a comprehensive overview for internal audit professionals.