Remove Addressing Remove Due Diligence Remove Risk Mitigation
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What SMBs Risk When They let Supply Chain Threats Linger

PYMNTS

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology.

Risk 70
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Fintech Drives Financial Institutions to Rethink Outsourcing Strategies

Fintech News

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 106
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AU10TIX Aims to Reduce Operational Risk for Businesses With New AML Solution

The Fintech Times

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation. It also boasts a user-friendly dashboard that offers an intuitive interface, enabling customers to make informed decisions quickly and confidently.

AML 64
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Understanding Risk Management Strategies as a PayFac

Stax

Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational 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.

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What Are Successful Fintech Impact Platforms Doing Right?

The Fintech Times

Julie Cunningham , founder and CEO Portend , the due diligence platform, explains how firms prioritising compliance completely avoid issues and are in turn, able to direct resources towards making change. “Successful fintech impact platforms excel by addressing genuine issues rather than creating new problems to solve.

FinTech 69
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Understanding Risk Management Strategies as a PayFac

Stax

However, several complex types of risks come along with this. Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations.

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How Suppliers Can Take The Lead On Supply Chain Risk Management

PYMNTS

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.