Practice essential collocations for fintech compliance in IT and software development.
0 / 5 completed
1 / 5
Before launching the payments product, the company had to ___ regulatory approval from the financial conduct authority.
Obtain approval is the standard compliance collocation for formally receiving authorisation from a regulator. 'Get along' and 'win around' are informal. 'Take out' does not convey the formal act of obtaining regulatory approval.
2 / 5
The compliance team built automated checks to ___ regulations covering anti-money-laundering and customer due diligence.
Meet regulations is the standard fintech compliance collocation for satisfying the requirements imposed by a regulatory framework. 'Follow along' and 'keep around' are informal. 'Fit out' is not a standard phrase in this context.
3 / 5
The onboarding flow was designed to ___ identity using document verification and biometric checks.
Verify identity is the standard KYC and fintech collocation for confirming that a customer is who they claim to be. 'Check along' and 'confirm around' are informal. 'Prove out' is not a standard phrase in this context.
4 / 5
The monitoring system was configured to ___ suspicious transactions and report them to the compliance officer.
Flag transactions is the standard fintech compliance collocation for automatically marking activity that may indicate fraud or money laundering. 'Mark along' and 'note around' are informal. 'Spot out' is not a standard phrase in this context.
5 / 5
The firm was required to ___ records of every transaction for at least five years to satisfy the regulator.
Retain records is the standard compliance and legal collocation for keeping documentation for a mandated period. 'Keep along' and 'store around' are informal. 'Hold out' has a different meaning and is not used for record retention.