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

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 133

FinTech Embedded Finance BNPL AI 133

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.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Fintech News

JUNE 5, 2024

This growth is not just a result of increasing demand and shifting market dynamics, but a direct consequence of the transformative impact of advanced financial technology (fintech) on the sector. In the financial sector alone, the global outsourcing market is projected to reach a value of US$68.8 billion by 2030.

FinTech 106

FinTech Mitigation Risk On-Demand 106

FloQast

JANUARY 17, 2024

The reform effort is often described as ‘UK SOX’ ,a reference to the US’ Sarbanes-Oxley Act – SOX Act – which was implemented in 2002 to address a series of high profile financial scandals and control failures. New disclosure requirements to address investor concerns about director over-boarding.

Governance 81

Governance Government AAP Audit 81

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

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. ” says Wells.

Deepfake 132

Deepfake Scams Fraud Detection Verification 132

The Fintech Times

MARCH 28, 2024

Synergy between innovation-driven startups and established industry players is not only reshaping traditional practices but also addressing the dynamic needs of modern consumers. We reached out to insurance experts to gain insights into how startups and incumbents are collaborating to drive innovation and meet changing consumer demands.

Innovation 69

Innovation Consumer On-Demand Risk Assessment 69

Fintech News

OCTOBER 16, 2024

It will explore the urgency of harnessing these groundbreaking technologies to enhance performance in financial services, future-proof encryption, and optimise efficiency and address the challenges of applying AI and quantum systems to the financial services tech stack.

FinTech 109

FinTech Cross-Border Payments AI Innovation 109

The Fintech Times

MARCH 25, 2024

This movement isn’t simply about the adoption of cutting-edge technologies; it signifies a profound reimagining of financial services provision aimed at cultivating innovation, driving efficiencies and addressing the evolving needs of consumers. The emphasis on a customer-first mindset is pivotal for cultivating trust and loyalty.

Finance 115

Finance Regulatory Compliance Compliance On-Demand 115

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 111

Risk Management AI Risk Use Case 111

PYMNTS

DECEMBER 18, 2020

In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.". CVC" stands for "convertible virtual currency" – a category of digital products that can serve as currency. Bitcoin is a popular example.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

Nanonets

DECEMBER 13, 2023

Real-time reporting enables insurers to address compliance concerns promptly, minimizing the impact on operations. Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns.

AI 102

AI Process Fraud Detection Compliance 102

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Banks must assess their readiness to address interest rate-related risks and potential economic challenges.

AI 112

AI Risk Non-Bank On-Demand 112

Stax

FEBRUARY 5, 2024

Over time, they’ve evolved into strategic means, addressing industry-specific challenges and adapting to economic shifts. Over time, they’ve evolved into strategic means, addressing industry-specific challenges and adapting to economic shifts. Businesses apply this during high-demand periods, such as rush hour or holiday seasons.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

Nanonets

FEBRUARY 9, 2024

In other words, federal law demands these companies have clear and well-established systems to manage financial reporting fraud or mistakes and that they use those systems as intended. This section is one of SOX's most impactful portions and demands management and third-party audit teams report on a company's ICFR quality.

Audit 52

Audit Risk Assessment Assessments Procedures 52

Fintech Finance

AUGUST 2, 2024

By evaluating daily transactional data, it assigns personalized scores and ranks clients based on their behavior, helping financial institutions prioritize risks and identify emerging trends, thereby enhancing the accuracy of risk assessment. Are you ready for the instant payments regulation?

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

The Fintech Times

SEPTEMBER 22, 2024

By getting a handle on their data, banks can better understand customer needs, and launch lucrative and innovative products to address them. To meet this goal, banks need to assess their core banking systems, and gauge whether these are agile enough to develop new products and services at pace.

Product 59

Product Innovation Consumer On-Demand 59

EBizCharge

MAY 15, 2024

By understanding this ratio, businesses gain insight into their sales performance, stock management, and customer demand trends. A healthy inventory turnover ratio indicates that a company is efficiently balancing inventory supply with consumer demand, mitigating holding costs and reducing the risk of dead stock or obsolete inventory.

On-Demand 52

On-Demand Assessments Adjustments AI 52

Neopay

SEPTEMBER 2, 2024

A Compliance Monitoring Plan helps you stay on top of regulatory requirements by systematically assessing your entire business operations. It’s essential for identifying areas where you may be falling short and taking action to address those gaps. Regulatory reporting has indeed become more demanding over the past few years.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Finovate

MAY 14, 2024

Salt Bank sought out Napier AI’s technology to ensure that it is able to keep pace with evolving money laundering, terrorist financing, and fraud risks on the one hand, and consumer demand for a seamless digital experience on the other. ” Founded in 2015 and headquartered in London, U.K.,

AI 59

AI Transactions Financial Crimes Crime 59

Fintech News

MARCH 20, 2024

This transformation is not without its challenges, as banks grapple with the critical task of bridging the gap between traditional banking services and the demands of a digital-first customer base. In the last decade, GaussDB has been deployed on a large scale across multiple top banks in China.

Cybersecurity 111

Cybersecurity On-Demand Database Automation 111

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

AI 59

AI Risk Legal Framework Use Case 59

The Fintech Times

AUGUST 15, 2024

In this week’s Behind the Idea , Chris Little, chief revenue officer at finova, discusses the company’s approach to addressing industry challenges and the technological advancements shaping the future of mortgage services. This naturally brings ‘growing pains’ as the company has scaled to accommodate demand.

Origination 59

Origination Payment APIs and Integration Addressing CRM 59

The Fintech Times

FEBRUARY 1, 2024

Techtrust’s AI-powered hub addresses fintech skill gaps in a rapidly changing tech industry. ” Each candidate that makes up Techtrust’s FinTech Talent Hub is rigorously vetted and accredited by Techtrust and technical assessment platform CodeSignal.

FinTech 59

FinTech Database Accreditation Best Practices 59

Fintech News

SEPTEMBER 17, 2024

But the power of ML is fettered by the complexity of the model; as the demands of the task increase, the number of dials to twiddle to fine-tune the algorithm explodes. If we are given multiple neural network models to choose from, and we have reasons to demand a certain level of explainability, how do we make the choice?”

Mitigation 52

Mitigation Risk Assessment On-Demand Research 52

The Fintech Times

JUNE 3, 2024

Having assessed their in-house strengths and weaknesses and developed a clear understanding of the competitive market, the next crucial move is ensuring stakeholders from C-level to operational teams are involved. You need to carefully assess and continuously monitor this risk factor.

AI 69

AI Risk Mitigation Assessments Consulting 69

PYMNTS

OCTOBER 9, 2020

In particular, we are analyzing the extent to which such concerns cannot be fully addressed under the standard mergers regime.”. Concerns regarding competition “could be assessed under the standard ‘substantial lessening of competition’ test. Coscelli said the U.K.’s It means not being afraid to try using new tools and approaches.

Regulations 73

Regulations Assessments Addressing CHIPS 73

FloQast

JUNE 24, 2024

Companies have high demands for your department, rely on you to handle all financial matters, and expect you to keep the business compliant. Assessment : The first step is to gauge where you’re at right now. Internal accountants are under a lot of pressure. A strong accounting team leads to business success. Are you providing them?

Accounts 52

Accounts Reconciliation Procedures Automation 52

FICO

MAY 5, 2020

best known for revolutionizing academic assessment, has reduced the time required to assemble test forms from 2-4 weeks to 2 days. and around the world with learning resources, assessments, research, and credentials designed to help them succeed from elementary school through career. by Nikhil Behl.

Assessments 52

Assessments Automation On-Demand Credential 52

The Finance Weekly

OCTOBER 1, 2024

Knowing how these different expense types contribute to your overall cost base allows you to identify cost-saving opportunities and assess important metrics like profit margins and break-even points. Use it strategically—like when there's a seasonal spike in demand—rather than just hiring more people for the long haul.

On-Demand 52

On-Demand Credit Cards Volume Cost Structure 52

The Fintech Times

FEBRUARY 7, 2024

The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI. It hopes the fund will support regulators as they develop ‘cutting-edge’ research and practical tools to monitor and address risks and opportunities across a variety of sectors.

Governance 112

Governance Government AI Regulations 112

Fintech Finance

MAY 7, 2024

The research, which spanned across the period of September 2023 to January 2024, surveyed 600 decision-makers to assess the landscape of Embedded Finance and the critical factors influencing the choice of payment/Embedded Finance solutions providers. This research confirms the industry’s shift towards integrated financial services.

Embedded Finance 52

Embedded Finance Finance Payment APIs and Integration Embedded Payments 52

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. This necessitates constant monitoring and updating of internal processes, which can be both time-consuming and costly.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Seon

SEPTEMBER 20, 2023

This is often achieved by entering their email address and chosen password. Upon acceptance of this information, the organization must request PII from the individual, usually one or more documents confirming their full name, address, and date of birth. No customer wants to encounter it when they sign up with an organization.

Process 52

Process Due Diligence AML Verification 52

The Fintech Times

MAY 16, 2024

There’s a marked trend toward leveraging sophisticated data analytics and AI not only for enhancing risk assessment but also for refining investment strategies. This strategic framework lays out essential steps to promote innovation while proactively addressing risks to consumers, investors, and the environment.

Innovation 80

Innovation Blockchain Stablecoins AI 80