PYMNTS

OCTOBER 7, 2016

.” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process.

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

Nanonets

MAY 31, 2023

This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Organizations need to assess the financial feasibility and scalability of AI implementations, evaluating the costs and ensuring the benefits outweigh them.

AI 122

AI Finance Fraud Detection Mitigation 122

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Yet this use of external products and services further expands the so-called “attack surface” that exposes a company to an array of risks. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Stax

JANUARY 8, 2024

This includes their name, date of birth, address, identity documents, etc. A sound and unambiguous risk management policy provides an effective starting point for all the subsequent actions at the managerial and operational levels. FAQs About Risk Management Q: What is risk management?

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

FICO

FEBRUARY 7, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

MAY 2, 2019

A press release this week said Citi is collaborating with EY and SAS on its NextGen project, which will include the development of a risk analytics scoring engine that uses AI to address friction in reviewing global trade transactions. ”

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

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

SEPTEMBER 8, 2020

Also, key to addressing these pain points are risk mitigation efforts like stringent credit controls and Know Your Customer assessments, which can ensure that the credit that is extended to customers is done so responsibly.

B2B 86

B2B Payments Commercial Card Mitigation 86

Neopay

MARCH 4, 2024

Neopay’s suite of services encompasses regulatory compliance, risk assessment, training, and ongoing support, enabling firms to stay abreast of evolving regulatory landscape and proactively address compliance challenges.

Compliance 52

Compliance Mitigation Risk Mitigation Risk Assessment 52

FICO

FEBRUARY 20, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science. The post Two Advantages to Measuring Your Cybersecurity Posture appeared first on FICO.

Cybersecurity 40

Cybersecurity Risk Mitigation Mitigation Assessments 40

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance.   Risk mitigation : Thorough   vendor evaluation   and ongoing monitoring can minimize the risks associated with disruptions, delays, or subpar product or service quality.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

FICO

MAY 22, 2017

While a few have been critical that it was not bold enough, most reviewers seem to be endorsing the main message, both for what it does (initiating broad self-assessments by agencies), and for what it does not do (consolidate all accountability in the DoD). This, of course, requires an assessment of risk.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years.

Finance 68

Finance Mitigation B2B Underwriting 68

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing. .”

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

PYMNTS

APRIL 27, 2016

But while companies explore new ways to handle this aspect of treasury, there are some mistakes treasurers make that allow FX risks to remain unseen. One of the largest sources of blind spots in the treasury department when it comes to FX risk mitigation is the use of multiple systems. Where Treasurers Go Wrong.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “This necessitates a complementary risk identification and mitigation effort involving AML and fraud.

Risk 59

Risk Financial Crimes AML Risk Management 59

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

APRIL 22, 2019

The Center intends to guide its collective financial institution (FI) and corporate members, represented by the associations, in addressing key challenges in today’s market. Since these transactions are irrevocable, pre-transaction authorization and Know Your Customer (KYC) checks are even more essential in the risk mitigation process.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Technology, Partnerships Address the Gaps. ”

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

JANUARY 27, 2020

As a platform designed to assess and display an SMB borrower’s most appropriate financing options, from cards to loans, Nav positions itself as a facilitator of transparency for SMBs. But addressing SMB lending friction isn’t just about connecting borrowers and lenders at the moment an SMB needs capital, he said.

Small Business 62

Small Business Point-of-Sale (POS) Finance Facilitators 62

PYMNTS

NOVEMBER 15, 2016

But for lenders in this space, the B2B payments behaviors of these firms can make risk mitigation and creditworthiness assessments particularly challenging — especially today. FastPay’s latest venture, FastPay for Enterprise, is a way for the lender to address larger digital media firms, Baysal explained.

Cash Management 65

Cash Management Risk Mitigation B2B Disputes 65

The Finance Weekly

AUGUST 26, 2023

Both industry and government regulatory bodies, along with investors, are intensively examining the risk management strategies and protocols of enterprises. Across various sectors, boards of directors are increasingly mandated to assess and disclose the effectiveness of risk management processes within their respective organizations.

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

The Finance Weekly

OCTOBER 15, 2023

CFO Uncertainties Using AI in financial operations comes with certain risks, which include: Data Security and Privacy: , Protect financial data through strong security measures to maintain trust and comply with regulations. Algorithmic Bias: Mitigate biases in AI algorithms to ensure fair decision-making in financial processes.

AI 52

AI Risk Automation Data Security 52

Nanonets

APRIL 24, 2024

The auditor assesses risks, identifies key areas for review, and develops an audit plan tailored to the organization's specific needs. They assess the adequacy and accuracy of documentation to support the integrity of financial records.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

PYMNTS

JUNE 7, 2018

The assessment went further: According to Benson, a deeper look at that list of 43,000 revealed duplicates – misspellings, or multiple names for the same supplier. There is a clear, significant impact on companies’ bottom lines when they address issues of supplier data quality, he continued. ”

Duplicate 57

Duplicate Legal Mitigation Risk Mitigation 57

Nanonets

JULY 25, 2023

The goal of financial analysis is twofold: to make internal assessments for managerial decision-making and to make external assessments to determine the firm's value or context. Ratio Analysis: Ratio analysis involves calculating and interpreting various financial ratios to assess a company's financial health and performance.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

The Fintech Times

DECEMBER 9, 2023

The integration of data, AI, and scalable technologies will be explored to optimise risk and opportunity, challenging the traditional paradigm where risk mitigation often takes precedence. The shift mandates a focus on the end results of actions within the financial sector, not merely assessing and addressing the risks involved.

Consumer 111

Consumer Financial Literacy Regulations AI 111

PYMNTS

JULY 11, 2017

Indeed, banks must tread carefully in the world of trade finance, and with such little room for error and financial losses, risk management is critical. In many ways, collaboration with FinTechs has become a key part of risk mitigation for banks, with researchers finding that only 1.4

Finance 43

Finance Risk Mitigation Risk Non-Bank 43

Fi911

AUGUST 31, 2023

Key information includes: Finance Charges: The complete cost of the loan, including interest and other charges assessed over the term of repayment. The Truth in Lending Act was intended to address the lack of transparency and standardization in disclosing consumer credit terms and costs. Section B: Addresses open-ended credit products.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Non-Bank Online and Mobile Banking 52

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay. ”

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

MAY 10, 2018

Simultaneously, the report noted, a spike in bad corporate loans is also signaling to FIs that they need to improve their digital offerings with cost savings benefits, risk mitigation and other advantages that can strengthen their financial standings. ” Banks Need to Multitask.

SWIFT 40

SWIFT Risk Mitigation Mitigation On-Demand 40

PYMNTS

MARCH 18, 2019

First, we want the payment to be as secure as possible with risk mitigation. Early Warning reviews a long list of criteria focused on fraud preparedness to assess interested FIs before they can offer Zelle on their platforms. There are two sides,” Hsu said. A P2P Balancing Act.

P2P 59

P2P Zelle Security Venmo 59

Segpay

OCTOBER 4, 2023

They understand the unique compliance risks associated with this industry and can provide guidance and solutions tailored to address them. Enhanced Due Diligence: High-risk PSPs often conduct thorough due diligence on their clients and affiliates instead of leaving this up to the merchants.

Security 52

Security Due Diligence Compliance Payments 52

Core

FEBRUARY 6, 2024

The well-being of communities, and society as a whole, hinges on government organizations who provide essential services and address the needs of the public. That’s $281 billion diverted away from its intended use. Such a framework can only work when multiple strategies are implemented at once.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52