Thursday, October 02, 2025

Light/Dark

Breaking News

EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ APIs Driving Embedded Finance Innovation FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action MoneyGram and Plaid Expand Open Banking Partnership to Europe Nium and Emirates NBD Expand Real-Time Cross-Border Payments Across the Middle East Mesh Announces Mesh AI Wallet At TOKEN2049 DailyPay Names Veteran Executive Nelson Chai as CEO iDenfy Strengthens Its Compliance Toolkit With the New Criminal Background Check Solution payabl. Joins the European Payments Initiative To Expand Wero Access for Merchants and PSPs Plumery Expands Digital Banking Experience Platform Into Canada SumUp Appoints Luke Griffiths As UK CEO To Lead Next Phase Of Growth Tribe Payments Expands Into Middle East With New Dubai Office SmartSearch and Iress Integrate to Streamline AML Compliance for Financial Advisers JCB Launches Strategic Guide for European Merchants Looking to Tap into Asian Travellers’ Spending Power

Home » Fintech TV » Nick Botha – Challenges Faced By Payments Companies With Safeguarding Rules

June 21 2023

Nick Botha – Challenges Faced By Payments Companies With Safeguarding Rules

Share this post:

Nick Botha, Global Payments Sales Manager at AutoRek, explores the challenges that payments companies face when dealing with safeguarding rules and avoiding penalties.

Autorek is a software company specialising in reconciliation and data management solutions. Their technology helps businesses automate financial processes, ensuring accuracy, efficiency, and compliance.

“When it comes to the regulations, we are able to assist clients in being very flexible in terms of any changes in the regulations. If there are updates by the FCA or any other regulators that require them to make changes in the platform, it’s not a very time consuming or expensive exercise.”

“There is a requirement by all organisations to perform daily internal and external reconciliations for safeguarding. AutoRek provides that in an automated, time saving and very controlled manner.”

People In This Post

Nick Botha

AutoRek

Companies In This Post

AutoRek

Share this post:

EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’

The Fintech Magazine

Read more
APIs Driving Embedded Finance Innovation

Event Videos

Read more
FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand

News

Read more
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action

Insurtech

Read more
MoneyGram and Plaid Expand Open Banking Partnership to Europe

News

Read more

ITC Vegas

More On

APIs Driving Embedded Finance Innovation

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Read more

Top Story

Small Business Outlook: Juggling Responsibilities, Rapid Change, and GenAI | Shruti Patel, U.S. Bank

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

Vennre Unlocks Wealth Tech Opportunities in MENA

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

Small Business Outlook: Capital, Costs, and GenAI | Shruti Patel, U.S. Bank

Small Business Outlook: Capital, Costs, and GenAI | Shruti Patel, U.S. Bank

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

FF Tattoo Studio at Sibos 2025

FF Tattoo Studio at Sibos 2025

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

APIs to Always-On: Open Banking, Embedded Finance & AI Platform Engineering

APIs to Always-On: Open Banking, Embedded Finance & AI Platform Engineering | FIS, HSBC Innovation Banking, BNY | The Fintech Show #159

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

APIs Transform Banking Integration

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Read more

Top Story

APIs Driving Embedded Finance Innovation

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

FinScan integrates with LSEG World-Check On Demand, with executives Priya Nallan and Deborah Overdeput highlighting real-time AML risk intelligence at Sibos 2025.

FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand

FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.

Top Story

Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting. Referrals are one of the biggest slowdowns in underwriting. When an underwriter runs into a case that needs a second opinion – whether from a manager, a senior underwriter, or another department – they have to pause their work, gather all the details, and write up a package explaining why the case needs to be referred. Putting this together, plus drafting the email to get it approved, can take nearly an hour. And with up to 40% of applications requiring escalation, underwriters can spend half their day packaging referrals instead of evaluating risk. Sixfold’s Referral Agent changes this completely. Insurers can now ingest their referral guidelines into Sixfold, letting the AI instantly flag cases that need escalation, show exactly why, and draft the entire referral email – complete with referral reasons and case links. Underwriters simply review, edit if needed, and hit send. What normally takes 60 minutes to do manually now takes one minute. “After Sixfold completes the risk analysis, the next steps have traditionally been left to the underwriter to decide how to move the case forward,” said Alex Schmelkin, Founder and CEO of Sixfold. “Referral Agent changes that. It takes one of the most time-consuming parts of underwriting and turns it into a guided, nearly instant process. Underwriters know exactly when a case needs referral, why, and get everything they need to act on that information right away.” No big IT lift is required to get started with Referral Agent. Simply by sharing referral rules and a few past decisions, Referral Agent can go live in as little as four weeks, seamlessly fitting into the systems underwriters are currently using. Here’s how the agent works: Input: referral guidelines from insurers are ingested to Sixfold’s AI Analysis: Sixfold applies those guidelines the same way every time, flagging exactly when a case needs to be escalated, and why. It also determines whether the case is ready for referral, surfacing what’s missing when not Action: Referral Agent drafts a ready-to-send referral email with links and context so underwriters can review, edit, and send in one step “Real-time, guided recommendations let underwriters move from risk analysis to action, immediately,” Alex continued. “This is a defining moment for Sixfold and a clear signal of where underwriting is headed. It will mean more speed, more consistency, and more growth for our customers – and Referral Agent is only the start.” Sixfold’s product upgrade also includes Email Integration, where underwriters can forward a broker’s email, with all attachments, straight from their inbox to Sixfold. The risk assessment and referral analysis begin automatically, and a pre-drafted referral email appears back in the underwriter’s inbox, ready to send.

Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action

Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting.

Top Story

MoneyGram CEO Anthony Soohoo and Plaid Head of Payments Brian Dammeir announce expansion of their pay-by-bank partnership to Europe, enhancing cross-border payments with open banking technology.

MoneyGram and Plaid Expand Open Banking Partnership to Europe

MoneyGram, a leading global payments network for consumers, businesses and communities, and Plaid, the data network powering the fintech tools millions of people rely on to lead a healthier financial life, today announced the expansion of their pay-by-bank partnership to Europe.

Top Story

Nium and Emirates NBD expand cross-border payments partnership across UAE and prepare rollout in Saudi Arabia, with Anupam Pahuja and Yousuf Saeed Mohd highlighting innovation at Sibos 2025.

Nium and Emirates NBD Expand Real-Time Cross-Border Payments Across the Middle East

Nium, the leading global infrastructure for real-time cross-border payments, and Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced significant progress in their strategic partnership first unveiled in 2024.

Top Story

Mesh CEO Bam Azizi unveils AI-powered agentic commerce at TOKEN2049, showcasing an autonomous crypto transaction completed with stablecoins for a real-world retail purchase.

Mesh Announces Mesh AI Wallet At TOKEN2049

Mesh, the leading crypto payments network, today unveiled the future of agentic commerce during a live demo at TOKEN2049, demonstrating an AI agent completing a crypto transaction. The demonstration highlighted how an AI agent can seamlessly complete a real world ecommerce purchase using stablecoins, in this case finishing a purchase of dog food from a retailer.