Sedric AI

Compliance Excellence for Modern Fintechs

[Sedric AI @SedricAI]

🚨New rule caps credit card late fees at $8, aiming to slash junk fees & save families $10B/year!

This applies to issuers with >1M accounts, impacting 95% of card debt.

Full story: https://t.co/KZXXDBbwbw

[Sedric AI @SedricAI]

Survey of 650 banking leaders:

91% board-level support for AI & cloud,
45% of banks have integrated Generative AI,
30% exploring its potential.

A leap towards innovation!

More from @Fintech_Global👇: https://t.co/i0UA0rO969

#AI #banking #regtech #compliance #cloud

[Nir Laznik @NirLaznik]

4/5 of the top 100 banks are partnering with #fintechs, per McKinsey.
They believe these partnerships are key to bank digitization. This mirrors our mission to collaborate with financial giants for robust compliance management. 🚀 #Fintech #Regtech #Banks
https://t.co/TF1zqduhTs

[Sedric AI @SedricAI]

Is your marketing copy aligned with your ESG strategy? 🌿Beware of greenwashing! Regulators are scrutinizing ESG claims and disclosures. 📈 #ESG #Marketing #Compliance #RegTech
https://t.co/cQntTck2ZM

[Sedric AI @SedricAI]

Multinational banks face rising fines as regulators target off-channel chats & record lapses. A major bank hit with a $200M SEC & CFTC fine for using apps like WhatsApp unofficially. Firms must strengthen compliance or pay heavily. #FinReg #Compliance 🚫💬https://t.co/rNs1xi2zfe

[Sedric AI @SedricAI]

👀 US watchdog CFPB asserts AI alone can't dictate credit decisions. While valuing tech's role in data & risk analysis, clear reasons for adverse actions are crucial. #Lenders #Creditors #AI #Compliance #CFPB #Fintech 🔗: https://t.co/geH8w1hoOG

[Sedric AI @SedricAI]

Rising regulatory fines spotlight the need for up-to-date consumer protection. Embrace AI & automation to enhance compliance strategies, avoiding financial & reputational pitfalls. Tech amplifies compliance pros for growth. #RiskManagement https://t.co/ggYaUu0CS9

[Sedric AI @SedricAI]

The FCA investigates potential unfair treatment of politically exposed individuals in the UK's financial sector, aiming to safeguard its reputation. #FinancialInclusion #Compliance #FinancialServices #FinReg https://t.co/LO8UUxZp2h

[Sedric AI @SedricAI]

The Goldman Sachs case underlines the critical need for diligent record-keeping in the #FinancialServices sector. It's a reminder that meticulous records of client interactions can shield firms from penalties and protect their reputation. #Compliance https://t.co/n6qHFvTIAW

[Sedric AI @SedricAI]

Ongoing #compliance issues lead to the departure of the CEO at Discover Financial. A stark reminder of the crucial need for rigorous, real-time compliance monitoring in #FinancialServices.
#RegTech #AI #Fintech

https://t.co/bylhFEL7R3

[Sedric AI @SedricAI]

🔍 The CFPB is zeroing in on how businesses handle consumer data, with new rules to align data brokers with the FCRA. Is your company ready for this shift? AI platforms help firms stay compliant. #CFPB #DataProtection #Compliance #AI #FCRA
https://t.co/orbn8RjyKQ

[Sedric AI @SedricAI]

Unapproved messaging highlights the urgency for #FinancialServices to prioritize records retention & compliance. 📲💼 Learn more about real-time monitoring & compliance. #Compliance 👇
https://t.co/hjNVoqSp2V

[Sedric AI @SedricAI]

📈 Dean Kaplan of @TheKaplanGroup, via @Forbes sheds light on 7 digital strategies reshaping business debt collection.

Emphasizing e-payments, using multiple digital channels, and ensuring compliance are key.
#DebtCollection #FinTech #AICompliance
https://t.co/YTXxoYKONA

[Nir Laznik @NirLaznik]

Tech firms in the US are talking less about recession and more about artificial intelligence this earnings season, signaling that companies are increasingly optimistic about a soft economic landing.
#ai #earningsseason #recession #compliance #bigtech
https://t.co/XChZm1fhrb

[Sedric AI @SedricAI]

AI is reshaping digital currency regulation 📈. Real-time monitoring, fraud prevention, and efficiency are just the beginning.

#AI #Compliance #Innovation
https://t.co/h8HAUbMitt

[Sedric AI @SedricAI]

A recent survey highlights a growing trend among financial services firms: outsourcing compliance management to free up internal capacity is yielding results.
#FinTech #AI
https://t.co/CNJCdUTuDX

[Sedric AI @SedricAI]

Recent fines against major banks for off-channel business communications highlight the urgent need for robust compliance and monitoring systems.
#RegTech #Compliance #AI

https://t.co/SA6vyRISJD #BankofAmerica #lawsuit #offchannelcomms

[Sedric AI @SedricAI]

The OCC has imposed a $15M fine on American Express National Bank for inadequate control over a third-party vendor. This highlights the need for stringent oversight in bank-fintech partnerships.
#compliance #banking #fintech

https://t.co/C4K7UI5713

[Sedric AI @SedricAI]

With rising late payments, companies will need to rely on technologies that enhance debt recovery efficiency while ensuring a positive customer experience. #AI #DebtCollection
#lending #fintech #banking #payments
https://t.co/XLNAOFBmAB

[Sedric AI @SedricAI]

With 'finluencers' becoming a focus of financial market regulators globally, companies that hire their services are being held responsible for any failure to comply with marketing rules. AI-based #compliance platforms help manage this complexity.
https://t.co/BfqCuBQNO4