Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. Our platform is more than just technology—it’s about restoring trust. AI and join CUBE3.AI

Scams 52

Scams Blocks AI Fraud Prevention 52

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

Fintech Review

JUNE 12, 2024

The insurance industry is undergoing a significant transformation driven by technological advancements. Insurtech, a term blending ‘insurance’ and ‘technology,’ is revolutionising traditional insurance models. Traditional risk assessment methods rely on historical data and generalised assumptions.

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. Despite SMEs accounting for over 99% of all businesses in the country, they face significant challenges in securing loans.

AI 52

AI Assessments Addressing Finance 52

Seon

APRIL 18, 2024

A type of social engineering fraud that relies on deception to prompt voluntary payments to fraudsters, APP fraud poses an escalating threat due to the integration of cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML).

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52

FloQast

MAY 13, 2024

Accounting is the backbone of financial transparency and corporate governance, and the profession is undergoing a transformation driven by technological advancements and shifting market dynamics. Continuous Learning with Digital Transformation As digital technologies evolve, continuous learning is essential for accounting teams.

Accounts 52

Accounts Technology Cybersecurity Audit 52

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. covers everything else.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 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

The Fintech Times

MARCH 26, 2024

This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. Insurers can leverage technology solutions to both design and offer products that are easier to understand and to purchase.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

The Fintech Times

OCTOBER 20, 2024

ZainTECH , the integrated digital solutions provider of Zain Group, has forged a partnership with Urbi, the developer of a geo-platform that integrates data, algorithms and tools to address challenges in mapping, location data, navigation and spatial analysis.

Innovation 52

Innovation Risk Management Assessments Blockchain 52

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.

Addressing 57

Addressing Verification API SWIFT 57

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 106

Money Laundering Risk Crime Law Enforcement 106

Accertify

MAY 30, 2023

And with 2023 here, there are more advanced technologies than ever to provide payment fraud protection. According to the Federal Trade Commission (FTC) billions of email addresses, passwords, and other sensitive customer data are exposed on the dark web each year. The technology helps you assess the legitimacy of account access.

Fraud Prevention 52

Fraud Prevention Federal Trade Commission Technology Account Takeovers 52

Fintech News

OCTOBER 8, 2024

Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 95

Service Provider Due Diligence AML Money Laundering 95

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. Voiceprint: Assessment of vocal attributes such as tone, pitch, and enunciation. Iris recognition: Inspection of the iris’s exclusive patterns.

Privacy 130

Privacy Compliance Legal Best Practices 130

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. “We’ve had a very positive experience effectively utilising ZestyAI’s technology in wildfire-prone states.

Risk 59

Risk AI Risk Assessment Assessments 59

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.

CBDC 120

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

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

FICO

OCTOBER 5, 2021

Today, I want to expand on one of the key themes we addressed: backbone technology convergence. There are many facets to consider, ranging from how providers address and implement data and technology solutions to whether financial institutions are ready and willing to share tools and services. Convergence Considerations.

Financial Crimes 52

Financial Crimes Crime Technology Compliance 52

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

The Finance Weekly

DECEMBER 30, 2021

For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Technology implementation has been a popular course of action in recent years for many organizations. The following are a few practical considerations as waves of new technology continue coming our way.

Technology 52

Technology MSPS Small Business Data Security 52

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

Fintech Review

MAY 7, 2024

These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation. Risk Assessment and Management Machine learning is fundamentally transforming the landscape of risk assessment and management within the financial sector.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech Review

FEBRUARY 13, 2024

With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Fintech News

APRIL 7, 2024

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud.

Deepfake 132

Deepfake Scams Fraud Detection Verification 132

VISTA InfoSec

MARCH 5, 2024

Changes Scope Addresses specifically visitor access and authorization. Uses broader term "POI devices", potentially encompassing a wider range of card-reading technologies. Reflects evolving payment technology. certifications too right from scoping to Readiness Assessment, Advisory and Final Certification. PCI DSS v4.0

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Fintech News

SEPTEMBER 9, 2024

These countries, which include Denmark, Finland, Iceland, Norway, Sweden and Greenland, are known for their advanced digital infrastructure, openness to new technologies, and collaborative spirit. These companies are leveraging their strong European foundations to address local needs and adapt to regional regulatory environments.

APACS 112

APACS FinTech Assessments Risk Assessment 112

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 108

Authorization Risk Assessments Central Bank 108

Seon

MARCH 20, 2024

The digital frontier is poised for exponential growth as advanced technologies reshape our world with innovation, convenience and efficiency. trillion annually, reflecting a 56% increase over the past decade, the urgency to address digital fraud has never been more acute. for financial service firms and banks.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

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

PYMNTS

SEPTEMBER 29, 2017

Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. Sixty percent said that internal regulatory examinations include an assessment of risk management practices. One technology Beaulande cited as especially helpful to banks’ treasury departments is the API.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

VISTA InfoSec

FEBRUARY 13, 2024

The proliferation of technology in the present age, while undeniably a win for innovation and modern convenience, has unfortunately been paralleled by an upsurge in cyber threats that present a multifaceted challenge to both businesses and individuals. Implementing a structured patch management process is key to overcoming this challenge.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Stax

SEPTEMBER 17, 2024

Organizations must develop and maintain secure systems and applications by implementing a process for identifying and addressing vulnerabilities. This includes applying security patches promptly, conducting regular vulnerability assessments, and maintaining secure coding practices throughout the development lifecycle.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

SEPTEMBER 30, 2024

Having explored the biggest compliance challenges, opportunities and future trends, we’re now looking at the role supervisory technology (suptech) tools can play in changing the regulatory landscape. “However, the implementation also presents a range of opportunities. This ensures a certain level of quality.

Risk 64

Risk Compliance Authorization Risk Assessment 64

Finextra

NOVEMBER 22, 2023

Jos Veendrick, the Regional Head for Continental Europe at TSYS, a Global Payments company, assesses the challenges issuers face with legacy technology and the growing demand for convenience and personalisation in digital transactions.

Issuers 40

Issuers Assessments API Addressing 40

PYMNTS

OCTOBER 5, 2020

The Carrboro, North Carolina-based chain has used its technology-first strategy to get, keep and grow its customer base – even while its stores were shut down early in the pandemic. Fleet Feet has come up with proprietary technology to address that. More than one million Fleet Feet customers have used the technology.

Technology 52

Technology Contactless Payments Participant On-Demand 52