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 93

Compliance Addressing Audit Risk 93

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 64

Addressing FinTech Boot Camp Finance 64

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 83

APACS Assessments Finance AI 83

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

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

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

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

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

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

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

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 242

Risk Ransomware Phishing MFA 242

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

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

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

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

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 86

Money Laundering Risk Crime Law Enforcement 86

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

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 84

Consumer Protection Consumer Risk Management Best Practices 84

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 83

Money Laundering Crime Risk Law Enforcement 83

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

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Compliance Boot Camp Money Laundering 52

FICO

APRIL 27, 2017

The EFL credit risk score is created through a dynamic behavioral design and psychometric assessment that analyzes character traits with a proven relationship to credit risk. This project set out to develop low-cost credit screening tools to help stimulate entrepreneurial finance in emerging markets by addressing information asymmetry.

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

The Fintech Times

MARCH 26, 2024

As insurers strive to meet the evolving needs of a digitally-savvy customer base while addressing the persistent challenge of financial inclusion, they are increasingly turning to fintech solutions. “Data can support efforts to assess flood risk more accurately, especially as the risk itself continues to evolve.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

Fintech News

SEPTEMBER 9, 2024

These companies are leveraging their strong European foundations to address local needs and adapt to regional regulatory environments. The company aims to address the challenges faced by Japanese investors, including the lack of comprehensive screening information.

APACS 91

APACS FinTech Assessments Cross-Border 91

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Compliance Legal Best Practices 130

Neopay

MARCH 7, 2024

In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1 firms. It is imperative for these firms to promptly address any identified shortcomings to align with regulatory expectations. These must be addressed.”

AML 52

AML Financial Crimes Crime Risk Assessment 52

The Fintech Times

JULY 31, 2024

As natural catastrophes, including wildfires and convective storms, become more frequent and severe, insurers are looking for new ways to accurately predict and proactively address the growing threat of climate risk. Recognising this, ZestyAI provides property-specific data to help insurers determine the true risk for each property.

Risk 59

Risk AI Risk Assessment Assessments 59

Seon

JUNE 24, 2024

A critical aspect of cybersecurity, the fundamentals within this realm center on three main components: identifying, assessing and mitigating risks associated with digital identities and access controls across an organization. The following details a five-step process.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

MARCH 5, 2024

Changes Scope Addresses specifically visitor access and authorization. Now is the time for organizations to re-evaluate their physical security strategies, conduct updated risk assessments, and refine their protection processes to align with these enhanced standards. PCI DSS v4.0 Requirement v3.2.1 (9.4, 9.4.1 & 9.4.2)

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Neopay

MAY 31, 2024

Additionally, the FCA implemented the Modular Assessment Proactive Programme (MAPP) and Focused Supervisory Interventions (FSI) to conduct targeted reviews and engagements with firms. Contact us today to learn how our comprehensive compliance solutions can help you bolster your financial crime prevention efforts.

Financial Crimes 52

Financial Crimes AML Money Laundering Crime 52

Neopay

MARCH 5, 2024

The Financial Action Task Force (FATF) convened its February plenary from 21 to 23 February 2024, addressing crucial issues concerning money laundering, terrorism financing, and proliferation financing. Firms are advised to update their internal jurisdiction lists accordingly.

AML 52

AML Risk Assessment Money Laundering Assessments 52

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime.

Financial Crimes 80

Financial Crimes Crime Money Laundering Law Enforcement 80

Fintech News

JUNE 12, 2024

Key features of the platform include system-wide and institution-level views of financed emissions, consolidation of reported and modeled emissions from key counterparties, and mapping the geographical distribution of assets to assess transition risk exposure from changes in carbon pricing policies and physical hazards.

Authorization 81

Authorization Risk Assessments Central Bank 81

Finextra

FEBRUARY 19, 2024

They stress the significance of contextualized information and measurements for value assessments, highlighting the need for collaboration, integration, and transparency to effectively address complex challenges in the green transition.

Assessments 58

Assessments Addressing Risk Process 58

Clearly Payments

FEBRUARY 7, 2024

It provides merchants with an overview of their payment activity and helps assess overall business performance. A high conversion rate indicates that the payment process is streamlined and user-friendly, while a low conversion rate may signal friction or issues in the checkout process that need to be addressed.

Process 98

Process PCI DSS Settlement Processing Costs 98

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act of 2002 , commonly referred to as SOX, reflected a bipartisan congressional effort to address the root causes of those financial scandals. This report must state that management has implemented internal controls and assessed the internal control structure for accuracy and effectiveness.

Audit 52

Audit Compliance Assessments Procedures 52