FloQast

APRIL 30, 2024

Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Conclusion: A Call to Action The challenges outlined above underscore the urgent need for organizations to address the pressures facing their compliance programs. You’re probably seething reading the above (I know I am).

Compliance 104

Compliance Addressing Audit Risk 104

VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Assess the environment by identifying where and how cardholder data is stored, processed, or transmitted within your business operations. of PCI DSS. of PCI DSS. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech News

FEBRUARY 8, 2024

Only 60 percent of respondents believe their companies are well-prepared for the emergence of new technologies, indicating a significant gap in readiness that must be addressed through comprehensive training and development programs. Assessing Digital Preparedness in Finance appeared first on Fintech Singapore.

APACS 102

APACS Assessments Finance Blockchain 102

The Fintech Times

JUNE 26, 2024

Fintech is key to this progress, playing a crucial role in addressing broader social challenges for those that struggle to access traditional financial services. Businesses are all assessed on the same criteria and it’s a true meritocracy – which often sees women-owned businesses outperform others.” How do you help with that?”

Addressing 62

Addressing FinTech Boot Camp Finance 62

PCI Security Standards

JULY 10, 2024

The PCI Data Security Standard (PCI DSS) has long included requirements for external vulnerability scans conducted by PCI Approved Scanning Vendors (ASVs), and these requirements have also been included in prior versions of some Self-Assessment Questionnaires (SAQs). For PCI DSS v4.x,

PCI DSS 130

PCI DSS Breach Assessments Data Security 130

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 99

Risk Assessment Payment APIs and Integration Verification Assessments 99

Fintech News

OCTOBER 28, 2024

How can banks successfully balance the calls for innovation in an increasingly competitive fintech space against neobank upstarts, super-apps, and resurgent e-wallets across Southeast Asia while addressing security concerns arising from AI-based fraud? The process started with clients defining the workflows and rules of engagement.

Verification 103

Verification Deepfake AI Identity Theft 103

PYMNTS

DECEMBER 4, 2019

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec. Lawmakers are working on ways to overhaul the current credit-scoring system and held hearings to address the use of alternative data.

Assessments 54

Assessments Regulations Federal Reserve Consumer Protection 54

Fintech News

NOVEMBER 18, 2024

Bruce McCabe This year’s agenda features sessions covering critical topics shaping the future of payment security, including: Shaping the Future of Payment Security – Together: This session will explore collaborative approaches to addressing evolving security threats.

Payment Security 92

Payment Security Security Participant Industry Trends 92

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

VISTA InfoSec

APRIL 28, 2024

Creating and maintaining a policy that addresses information security for all personnel. Tracking and monitoring all access to network resources and cardholders’ data. Regularly testing security systems and processes. How PCI DSS requirements affect the banking industry? How can banks comply with the PCI DSS requirements?

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT). This ensures that systems can withstand and recover from disruptions.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

FICO

OCTOBER 11, 2018

The first step in managing risk is quantifying it — and that’s exactly what the Assessment of Business Cybersecurity (ABC) does. Today marks the release of the first quarterly Assessment of Business Cybersecurity, at the Chamber’s Seventh Annual Cybersecurity Summit in Washington, DC. businesses. The ABCs of the ABC.

Assessments 68

Assessments Cybersecurity Data Breach Risk 68

PYMNTS

JUNE 18, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, announced this week that it’s expanding its geographical footprint and establishing new offices in regions of interest, which has included strategic hires and reappointments. That can be even more difficult in APAC than in Europe and the U.S.,

Risk Assessment 51

Risk Assessment Assessments Risk APACS 51

Fintech Finance

OCTOBER 14, 2024

Mastercard has long supported merchants and financial institutions in assessing risk by leveraging key attributes, such as name and payment information, as part of enabling billions of secure digital interactions globally. This initiative enables businesses to verify customer identity attributes securely and seamlessly.

Verification 102

Verification Visa Privacy Issuers 102

VISTA InfoSec

MARCH 6, 2024

assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Maintains the risk assessment step. assessment.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Fintech News

NOVEMBER 20, 2024

The HSBC Sustainability Improvement Loan links the interest rate on the loan to the borrower’s sustainability rating, as assessed by EcoVadis. It addresses the challenge that many SMEs face in accessing traditional sustainability-linked loans due to limited resources for measuring and reporting ESG performance.

Assessments 80

Assessments Finance Addressing Governance 80

PYMNTS

DECEMBER 7, 2020

Just 27 percent of companies assess the behaviors of shoppers who fail to complete sales, for example, while 45 percent of merchants cannot pinpoint the genders of potential customers who abandon carts. Autocomplete, Address Detection Safeguard Accuracy. percent — just six in 10,000 orders. percent — just six in 10,000 orders.

Addressing 57

Addressing Verification API SWIFT 57

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” That seismic change continues to create inherent risks that banks must address in complex and creative ways. With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37.

Assessments 52

Assessments Scams Authentication Authorization 52

PYMNTS

NOVEMBER 13, 2017

As its name suggests, Emailage , an Arizona-based identity verification startup, uses customers’ email addresses to deliver risk scores to financial institutions (FIs) and online merchants. However, email addresses as verification tools are no longer Emailage’s only specialty. The service represents the company’s core competency.

Risk Assessment 40

Risk Assessment Assessments Risk Verification 40

Neopay

OCTOBER 15, 2024

Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful. Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality.

Audit 59

Audit Compliance Assessments Financial Crimes 59

Fintech News

NOVEMBER 6, 2024

Brankas’ platform addresses key compliance requirements such as API standardization, authentication, and encryption. The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely.

Compliance 82

Compliance Payment APIs and Integration Fraud Detection Risk Assessment 82

Fintech News

NOVEMBER 13, 2024

For the public sector, the programme will deliver specialised webinars on cybersecurity challenges, conduct crisis simulation exercises to assess cyber readiness, and develop research reports and risk assessment tools for ASEAN governments.

Cybersecurity 101

Cybersecurity Visa Risk Assessment Assessments 101

VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. Choose platforms that provide regular security updates and patches to address emerging vulnerabilities.

Risk 277

Risk Ransomware Phishing MFA 277

The Payments Association

OCTOBER 22, 2024

It represents a major regulatory shift, requiring firms to enhance governance, fair value assessments, and customer support, with significant compliance challenges. According to the FCA, every firm is expected to assess the risks their products and services carry to consumers and act accordingly to prevent potential harm.

Consumer 88

Consumer Assessments Compliance Payments 88

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Finextra

SEPTEMBER 13, 2024

Kredit Hero addresses this critical gap by leveraging advanced AI technology to assess financial profiles and connect SMEs with the most suitable lenders. Kredit Hero, an AI-powered marketplace designed to provide small and Medium Enterprises (SMEs) with access to much-needed financing, is officially launching in the Philippines.

AI 52

AI Assessments Addressing Finance 52

The Paypers

FEBRUARY 6, 2023

UK-based fashion retail company ASOS has partnered with non-profit organisation GoodWeave to assess the compliance with human rights of fashion suppliers based in India.

Addressing 36

Addressing Assessments Compliance 36

Fintech News

NOVEMBER 20, 2024

This allows MAS to thoroughly assess these novel products for adequate pricing, capitalisation, and consumer disclosures before they are launched. This shift acknowledges that existing regulatory frameworks should adequately address these product features, placing the onus on insurers to ensure compliance.

Product 61

Product Process Consumer Protection Compliance 61

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 103

Money Laundering Risk Crime Law Enforcement 103

VISTA InfoSec

OCTOBER 21, 2024

Advising on Data Protection Obligations DPO is required to provide advice to the organization on how they should handle data in line with legal obligations, especially for processing activities and data protection impact assessments (DPIAs). 3.Data Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

Neopay

JULY 29, 2024

Without these defined outcomes, it is challenging to assess performance accurately. Unclear management information: Firms often struggle with identifying or accessing the necessary management information or data required for their assessments. This will provide a clear benchmark for your assessments.

Consumer 52

Consumer Assessments Compliance Best Practices 52

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting requires a thorough assessment of a business’s potential financial risks to ensure safe and secure transactions. Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Financial institutions and DNFBPs are advised to use the findings to assess and enhance their own risk controls.

Money Laundering 102

Money Laundering Crime Risk Law Enforcement 102

VISTA InfoSec

OCTOBER 20, 2023

While entities can choose their methods for HIPAA disaster recovery planning, HIPAA mandates basic requirements in section 164.308(a)(7)(ii) , requiring organizations to address certain aspects. Testing and Revision Procedures (Addressable) : Enforce strategies for regular testing and modification of contingency plans.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech News

AUGUST 6, 2024

Singapore’s Minister for Transport and Second Minister for Finance, Chee Hong Tat, clarified that the Ministry of Culture, Community and Youth (MCCY) had addressed Income Insurance’s social mission and NTUC Enterprise’s rationale for the deal with Allianz. billion (EUR 1.5

Consumer Protection 102

Consumer Protection Consumer Risk Management Best Practices 102

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. “By addressing the unique needs and regulations of various industries, Secure ID delivers unparalleled efficiency for businesses across the board.”

Checks 67

Checks Risk Assessment Security Payment APIs and Integration 67