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Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

Additionally, human error remains a significant risk factor; as systems become more complex, the potential for misconfigurations or operational mistakes increases. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures.

Finance 98
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Understanding Risk Management Strategies as a PayFac

Stax

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

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FCA Authorisations: How are things changing? Are things improving?

Neopay

Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management. Regularly conduct vulnerability assessments and penetration testing to identify and address potential weaknesses.