PYMNTS

AUGUST 3, 2020

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13 ” $18.5

B2B 131

B2B FPC Scams Email Compromise 131

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.

Payment Service Provider (PSP) 89

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 89

Fintech Review

FEBRUARY 13, 2024

Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

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.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

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. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

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.

Privacy 88

Privacy AI Payment Security Security 88

Fintech News

JUNE 5, 2024

In the IEOM award-winning paper titled “Reimagining the Management of Outsourcing Life Cycles in the Fintech Era for Financial Services,” Dr Thng, together with SMU Doctor of Engineering candidate, Tristan Lim, introduced a novel outsourcing life cycle management model tailored to address the unique nuances of financial services more effectively.

FinTech 89

FinTech Mitigation Risk On-Demand 89

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.

B2B 112

B2B Cross-Border Credit Risk Accounts 112

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. said Inna Lyubashevskaya, Chief Customer Officer at Sumsub.

Verification 88

Verification Fraud Detection Money Laundering Compliance 88

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Plans are in place to address the requirements and limitations contained in the consent orders, including adjustments to the Bank’s U.S.

AML 90

AML BSA Money Laundering Financial Crimes 90

VISTA InfoSec

OCTOBER 25, 2023

Choose between a qualitative or quantitative approach: Qualitative Method : Dive into diverse scenarios and address hypothetical inquiries to identify risks. Exploring Risk Treatment Options: When risks surpass acceptable levels, explore various mitigation strategies. 5 Crucial Steps to Conduct an Effective ISO 27001 Risk Assessment 1.Establish

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Banks must, therefore, prioritise resilience and continuity as never before. Zero Downtime ensures continuous service availability, eliminating the concept of ‘offline’ in financial services.

Finance 100

Finance Risk Mitigation Automation AI 100

VISTA InfoSec

APRIL 12, 2024

This process not only hides your real IP address but also enables filtering, monitoring, and logging of internet traffic, adding a robust layer of security and anonymity to your online endeavors. As the complexity of online security continues to evolve, proxies remain an indispensable ally in the quest for a safer, more secure internet.

Cybersecurity 130

Cybersecurity Best Practices Encryption Privacy 130

Fintech Review

MAY 7, 2024

This significant shift enables faster and more precise evaluations of potential risks, effectively transforming the methodologies financial institutions use to manage and mitigate these risks. This dynamic learning process allows them to adapt and improve continuously. Over time, they consistently enhance financial security levels.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Diversifying Risk. I’ve seen that in Asia in the past few years, and it's really impressive.”.

Service Provider 119

Service Provider Payments Risk Acquirers 119

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.

Risk Assessment 90

Risk Assessment Assessments Risk Finance 90

Fintech News

FEBRUARY 14, 2024

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).

Finance 101

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 101

Fintech News

NOVEMBER 27, 2024

The need for such solutions is critical as blockchain-related crime continues to rise. By integrating Elliptic’s cutting-edge blockchain analytics with Sumsub’s trusted verification and compliance platform, we’re empowering businesses to proactively address risks, protect their users, and stay ahead of regulatory demands.”

Crime 91

Crime Financial Crimes Travel Rule Blockchain 91

Fintech Finance

NOVEMBER 14, 2024

Volante Payments Intelligence addresses the increasing volume and complexity of the payments landscape, driven by the proliferation of real-time payments, the adoption of ISO 20022, and the digitization of payment flows. “In

Real Time Payments 96

Real Time Payments ISO 20022 Technology Payments 96

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

MAY 5, 2020

This, in turn, helps mitigate fraud.”. Delivering more robust analytics for predictive modeling as well as [continually investing in and deploying] multilayered fraud mitigation tools helps identify spending trends and fight fraud.” Financial institutions should leverage data analytics to their benefit.

Credit Union 95

Credit Union Smishing Phishing Credit Union Service Organization 95

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

The Fintech Times

DECEMBER 9, 2024

Mike Camerling, CEO, Aevi Mike Camerling , CEO said: “The incident has underscored the critical need for resilience, especially in industries like payments, where operational continuity and consumer trust are paramount. ” EV payment anxiety continues to be a concern. How should businesses address this?

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102

Fintech Finance

OCTOBER 3, 2024

This underscores the critical need for advanced fraud prevention in the financial sector, a need that Alloy’s platform will directly address within Numerated’s commercial lending solutions. Additionally, 96% of these institutions suffered financial losses due to fraud, with 70% reporting losses exceeding $500k during that period.

Fraud Prevention 89

Fraud Prevention Risk Management Credit Union Automation 89

Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. Successful integration requires change management strategies that address employee concerns and promote a culture of innovation.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

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 footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. for financial service firms and banks. With over 1.4

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Fintech News

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 89

Money Laundering Risk Crime Law Enforcement 89

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Economic Ramifications of Deepfake Scams The global impact of impersonation scams can be far-reaching, and expensive.

Deepfake 110

Deepfake Scams Fraud Detection Verification 110

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Communicate the benefits of AI adoption to your finance team and address any concerns or resistance well ahead of the integration.

AI 122

AI Finance Fraud Detection Mitigation 122

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

AI 92

AI Innovation Financial Crimes Crime 92

Fintech Finance

OCTOBER 24, 2024

. “By integrating Plaid’s advanced account verification and risk assessment features into our Open Banking Services, we’re providing a single, unified solution that addresses the complex needs of modern enterprises in the evolving payments landscape.”

Risk Assessment 98

Risk Assessment Payment APIs and Integration Verification Assessments 98

Fintech News

DECEMBER 13, 2023

As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. Considering that the crypto industry has likely continued to evolve in response to regulatory changes is essential.

Financial Crimes 95

Financial Crimes Money Laundering Crime Risk 95

Tearsheet

APRIL 22, 2024

Visa+ will continue rolling out with participating platforms in the US throughout 2024, flexing our Visa+ capabilities to adapt to unique client needs,” Vikram Modi, head of Visa+ told Tearsheet. These measures can work in tandem with clients’ own internal guidelines and risk controls to mitigate fraud, according to Modi.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Fintech Finance

JUNE 12, 2024

It addresses the involuntary churn rates and payment failures that have plagued the repeat economy, empowering businesses to capture and retain more revenue. Following the acquisition of SlimPay, this technology can also predict the optimal times for payment success, thereby mitigating issues related to insufficient funds.

Economy 97

Economy AI Payment APIs and Integration Fraud Prevention 97

FloQast

MARCH 13, 2024

Without real-time visibility, addressing issues becomes a reactive rather than proactive endeavor. By highlighting these risks, we underscore the urgency for automation solutions that not only mitigate these dangers but also pave the way for enhanced efficiency, accuracy, and compliance in reconciliation processes.

Reconciliation 74

Reconciliation Automation Compliance Mitigation 74

The Fintech Times

APRIL 24, 2024

Industry collaborations Mastercard has also teamed up with industry partners to tackle scams, mitigate their impact, and educate consumers. We look forward to our continued collaboration in educating and empowering consumers worldwide.”

Fraud Prevention 105

Fraud Prevention Visa AI Scams 105