COMPASS

Internal audits have taken on a much bigger role than most people realize. They are no longer just about meeting compliance checklists, they are helping businesses stay steady while also pushing forward with new ideas. As companies deal with constant cybersecurity threats, strict regulations, and the pressure to keep innovating, internal audit teams are quietly driving real impact behind the scenes. But the real magic happens when the internal audit is supported by smart tools. This is where  COMPASS by CyRAACS comes in, a platform that doesn’t just simplify internal audits but completely reimagines them using governance-driven intelligence and automation. Let’s unpack the why and how behind this transformation. Internal Audit Is No Longer a Back-Office Function Traditionally, internal audit was seen as the compliance police a necessary but often feared function that appeared once a year with thick reports and post-facto assessments. That view has changed. Today, internal au...

  The FinTech industry in India has witnessed exponential growth over the past decade, driven by rapid digitization, a burgeoning smartphone user base, and government initiatives like Digital India. However, with great innovation comes great responsibility-especially in a sector handling sensitive financial data. Regulatory compliance is a cornerstone for FinTech companies to operate sustainably while ensuring customer trust and security. A recent infographic by Cyraacs and Compass highlights the top nine regulatory frameworks that Indian FinTechs must navigate. In this blog, we’ll dive deep into each of these frameworks, exploring their significance, requirements, and implications for FinTech businesses in India. 1. RBI Digital Payment Security Guidelines The Reserve Bank of India (RBI) plays a pivotal role in regulating India’s financial ecosystem, and its Digital Payment Security Guidelines are a foundational framework for FinTechs operating in the digital payments space. The...