Fintech News

JANUARY 21, 2024

The database’s approach to disaster recovery, involving a network of IDCs across multiple sites, focuses on providing resilient and dependable data management solutions. The decision to partner with OceanBase was not just about addressing the challenges of rapid business growth; it was also about optimising cost-efficiency.

Database 120

Database Disaster Recovery Addressing Volume 120

PYMNTS

NOVEMBER 15, 2018

As residents rebuild their lives, local credit unions (CUs) are stepping up to help them address immediate financial needs. One month after the hurricane made landfall, recovery efforts remain a tall task, said Innovations CEO David Southall. These and other disaster recovery efforts speak to the CU’s core mission.

Credit Union 72

Credit Union Disaster Recovery Innovation ATM 72

PYMNTS

MAY 27, 2020

There is no such thing as a silver bullet in B2B payments, a single card rail that will address all friction points for all buyers, sellers and stakeholders. Mastercard is planning to expand the service into new markets with new partners and into other account-to-account payment rails, the company said. Adflex Eyes Card Rails For B2B.

Blocks 92

Blocks RTP NACHA Credit Union 92

Fintech News

JULY 24, 2024

Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures. This solution addresses the need for a secure, reliable, high-utilisation network infrastructure supporting rapid service development and improved management efficiency.

Finance 117

Finance Risk Mitigation Automation AI 117

Fintech News

JUNE 25, 2024

Ant Group launched OceanBase in 2010 to address the exponential growth of Alipay ’s users and transaction volumes, which even reached millions of transactions per second during the annual Double Eleven Shopping Festival in China.

Database 126

Database Volume On-Demand Disaster Recovery 126

The Fintech Times

JULY 20, 2024

The need for operational resilience is something the European Union is aiming to address with its Digital Operational Resilience Act ( DORA ). While these system outages and disruptions have crippled firms worldwide, even if it is just in the short term, it’s hardly a surprise.

Payments 122

Payments Mitigation Regulations ISO 20022 122

Nanonets

DECEMBER 13, 2023

Real-time reporting enables insurers to address compliance concerns promptly, minimizing the impact on operations. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

MARCH 25, 2019

Amid various efforts to address the issue, Philip Hammond, the chancellor of the Exchequer, has said that, per his Spring Statement (and as relayed by the Financial Times ), larger firms should appoint a non-executive director to reduce late payments. FSB Chairman Mike Cherry had said the Spring Statement should address the issue.

Disaster Recovery 40

Disaster Recovery Payments Small Business Addressing 40

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. Maintain a comprehensive disaster recovery program and undertake contingency planning so that you can resume operations quickly.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

JULY 28, 2023

Implementing document workflow automation addresses these issues by digitizing and automating document-related tasks. From streamlining processes and improving efficiency to enhancing security, compliance, collaboration, and disaster recovery, document workflow management can revolutionize how your business handles its documents.

Disaster Recovery 52

Disaster Recovery Automation Procedures Compliance 52

Global Fintech & Digital Assets

MARCH 5, 2024

Segregation of client digital assets : Client digital assets should be held in separate client accounts (including wallet addresses) that are segregated from the bank’s own assets to protect against insolvency or bank resolution. Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

Compliance policies and procedures: Develop comprehensive compliance policies and procedures that address key regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) obligations (see below). Regularly conduct vulnerability assessments and penetration testing to identify and address potential weaknesses.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

MAY 6, 2024

Verify data integrity, reconciliation accuracy, and workflow functionality to identify and address any issues or discrepancies. Testing and Validation : Conduct thorough testing and validation of your configured reconciliation processes within BlackLine. Single sign-on (SSO) enhances security and user experience.  

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

SEPTEMBER 21, 2023

By following these steps, small businesses can ensure a smooth transition to an ERP solution that addresses their specific needs and unlocks their growth potential. By involving stakeholders early on, small businesses can address any concerns, enhance user adoption, and foster a culture of collaboration and accountability.

Small Business 40

Small Business Automation Risk Process 40

Nanonets

SEPTEMBER 22, 2023

This transparency promotes trust and stronger relationships, as vendors have confidence in the payment process and can address any discrepancies or payment-related concerns promptly. Additionally, cloud-based software providers often have stringent security protocols in place, including regular data backups and disaster recovery plans.

Small Business 52

Small Business Accounts Online and Mobile Banking Automation 52

Segpay

MARCH 20, 2024

Banks must proactively address these ethical and social concerns through transparent communication, stakeholder engagement, and responsible AI governance practices. Additionally, using AI algorithms for credit scoring and loan approvals may raise questions about fairness, transparency, and accountability in decision-making processes.

AI 111

AI Privacy Non-Bank Fraud Detection 111

PYMNTS

JULY 16, 2019

For new clients, the cloud service addresses the digital demands of today’s consumers with easy integration and low maintenance. The new cloud service is secure and scalable, utilizing Amazon Web Services for reliable disaster recovery and redundancy to ensure consistent uptime.

Disaster Recovery 51

Disaster Recovery Credit Union Innovation Issuers 51

The Fintech Times

NOVEMBER 24, 2024

Leveraging technology from CoinCover, which is backed by a warranty provided by insurers at Lloyd’s of London , CoinW ensures it provides a non-custodial disaster recovery solution. ” CoinCover’s involvement reinforces CoinW’s position as a reliable exchange in a crypto landscape where security is paramount.

Disaster Recovery 59

Disaster Recovery Security Fraud Detection SWIFT 59