Nick Botha - Challenges Faced By Payments Companies With Safeguarding Rules
By Lauren Hinton · 21 June 2023
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.”