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Addressing Assessments Continuity 
VISTA InfoSec
OCTOBER 25, 2023
Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!
130 
Fintech Weekly
DECEMBER 6, 2023
For instance, many discussions around emerging payment technologies ease assessment across various PCI standards, as well as conversations about the challenges businesses and assessors face in implementing ongoing changes to the standards regarding the auditing of systems.
147 
Fintech News
JULY 1, 2024
Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The assessment also notes the rising concern of far-right extremism, although it has not significantly impacted Southeast Asia.
Fintech News
FEBRUARY 8, 2024
In addition, phishing campaigns and data breaches continued to impact Singaporean businesses, such as financial services leader OCBC, Starbucks, Shangri-La, and Carousell. Assessing Digital Preparedness in Finance appeared first on Fintech Singapore. The post Are APAC Businesses Ready?
86 
VISTA InfoSec
OCTOBER 20, 2023
Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Service Continuity : Ensures essential healthcare services remain operational. Testing and Revision Procedures (Addressable) : Enforce strategies for regular testing and modification of contingency plans.
FloQast
NOVEMBER 20, 2023
One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.
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.
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.
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.
115 
VISTA InfoSec
JANUARY 29, 2024
The prevention, detection, and addressing of malicious software (malware) is ensured. 5.3 Employing anti-malware solutions that address all types of malwares is crucial in safeguarding systems from both current and evolving malware threats. This is to ascertain whether these systems continue to not necessitate anti-virus software.
130 
VISTA InfoSec
FEBRUARY 13, 2024
Vulnerability assessments involve scanning systems for known weaknesses, while penetration testing (or pen testing) takes a more aggressive approach by simulating cyberattacks to evaluate the effectiveness of current security measures. Implementing a structured patch management process is key to overcoming this challenge. 5/5 - (1 vote)
130 
Fintech Review
FEBRUARY 13, 2024
This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities. Regulatory Frameworks Developing adaptable regulatory frameworks is essential in addressing the rapid pace of fintech innovation while ensuring consumer protection.
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.
VISTA InfoSec
OCTOBER 21, 2024
Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Documenting any suspicious activity or messages seen prior to isolation.
130 
Fintech News
MAY 8, 2024
As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). To address these objectives, the BOT conducted the pilot test within a confined environment, divided into the Foundation Track and the Innovation Track.
103 
Fintech Review
NOVEMBER 27, 2024
Alternative Credit Scoring Models Fintech companies use data beyond traditional credit scores, such as transaction histories, online reviews, and even social media presence, to assess risk. Tala assesses creditworthiness through smartphone data, while Kiva uses peer-to-peer lending to connect small businesses with global investors.
105 
Fintech Review
MAY 7, 2024
Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. This dynamic learning process allows them to adapt and improve continuously.
98 
PYMNTS
NOVEMBER 27, 2019
That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. There are a few major pain points in corporate cross-border payments today, Halpin explained, which are greatly addressed with faster and real-time payment networks.
117 
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
Fintech News
APRIL 7, 2024
Examples include verifying the user’s personally identifiable information (PII), assessing the age and reputation of the user’s email and phone number, verifying their location via IP address, and evaluating the trustworthiness of the device to assess the user risk level.
110 
FICO
JULY 29, 2020
There is further evidence overseas that future spikes will continue to occur as countries attempt to relax restrictions. Currently, banks are moving to phase 2 where their customers’ individual circumstances are discussed at length and an assessment is made on the need for ongoing support. Source: [link].
95 
FICO
MARCH 8, 2021
The FICO® Safe Driving Score leverages telematics data from driver smartphones to assess risky behaviors. This data is used by the Mentor by eDriving SM smartphone app, which prescribes in-app training modules and manager coaching designed to address identified areas of risk, to help improve a driver’s score and reduce risk.
98 
PYMNTS
JUNE 25, 2020
As accounts payable (AP) and accounts receivable (AR) operations continue to converge for many organizations, buyers and suppliers are increasingly acknowledging the value of using each other’s technology platforms to promote stronger B2B relationships. Peasy Explores The Early Payment Incentive.
112 
VISTA InfoSec
JULY 5, 2023
The Importance of Data Security in Healthcare As the healthcare industry rapidly embraces new technologies to enhance the delivery of healthcare services, the significance of data security continues to escalate. Regularly test and assess network vulnerabilities to identify and address any weaknesses.
130 
Fintech News
MARCH 21, 2024
SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.
The Payments Association
NOVEMBER 25, 2024
Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.
88 
The Payments Association
DECEMBER 9, 2024
Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Generative AI also addresses training challenges for AI models. What’s next? not only enhances security but also ensures that privacy concerns are properly managed.
88 
Seon
MARCH 20, 2024
trillion annually, reflecting a 56% increase over the past decade, the urgency to address digital fraud has never been more acute. Digital Footprinting as a Critical Assessment Tool As businesses bleed five percent of their annual revenues to fraud, the imperative to reassess and fortify their fraud prevention strategies mounts.
Fintech Finance
DECEMBER 6, 2024
The combined solutions protect the entire digital payments environment through identity verification and fraud risk assessment while preventing chargebacks through order validation and alerting services. Latin America has one of the highest fraud rates globally, with studies showing that merchants are losing upward of 4.6%
97 
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.
88 
VISTA InfoSec
OCTOBER 21, 2024
As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Change Management: Develop a change management strategy to address any resistance or concerns from your team.
130 
Fintech News
NOVEMBER 27, 2024
This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.
91 
Nanonets
DECEMBER 13, 2023
When errors occur, the system can adapt and improve over time through continuous learning, ultimately enhancing the accuracy of future data extractions. Real-time reporting enables insurers to address compliance concerns promptly, minimizing the impact on operations.
102 
Fintech News
OCTOBER 27, 2024
The framework specifically addresses phishing scams with a clear connection to Singapore, targeting scams where perpetrators impersonate local or international entities serving Singapore residents. Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious.
106 
Fintech News
JANUARY 21, 2024
After comprehensively assessing available solutions, PalmPay found its answer in OceanBase. The decision to partner with OceanBase was not just about addressing the challenges of rapid business growth; it was also about optimising cost-efficiency. ” The numbers tell a compelling story. ” The numbers tell a compelling story.
101 
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.
Fintech Finance
JULY 24, 2024
With experience and focus on innovative payment services across Real-Time Payments (RTP® and FedNow®), ACH, card solutions and alternative payment rails, Carl is well-positioned to support the FPC’s continued growth and innovation in faster payments. The post Carl Slabicki Named Chairperson of U.S.
Fintech Finance
SEPTEMBER 18, 2024
By empowering B2B businesses with the option to accept payment via terms, Slope is preserving their customers’ working capital while allowing those businesses to continue best serving their end customers. Morgan, bringing its total funding to $252m.
95 
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.
59 
The Payments Association
DECEMBER 10, 2024
It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. This allows them to automate attacks and continuously adapt their tactics in real time, staying one step ahead of static security protocols. Why is it important?
88 
Fintech News
MAY 20, 2024
These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world.
121 
VISTA InfoSec
FEBRUARY 16, 2024
addressed common coding vulnerabilities in software-development processes. - The primary objective is to address common software vulnerabilities throughout the development process. focused on addressing new threats and vulnerabilities. - This ensures a clear documentation trail of security practices. PCI DSS v3.2.1 PCI DSS v4.0
100 
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. As regulatory environments continue to evolve, Neopay is positioned to provide tailored solutions to businesses.
52 
VISTA InfoSec
SEPTEMBER 15, 2023
For addressing a medical emergency posing a threat to the life of the Data Principal or another individual. Appoint a data auditor to assess compliance with the Act. Conduct Data Protection Impact Assessments (DPIA) and periodic audits as per rules. For data processed for any function under any law or judgment issued under law.
130
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