Payments Source

MARCH 29, 2020

Address verification, geolocation and 3-D secure can all play a role, according to Chargebacks 911 and Global Risk Technologies' Monica Eaton-Cardone.

Mitigation 71

Mitigation Verification Addressing Risk 71

PYMNTS

AUGUST 13, 2020

Supplying correct address details had always been important prior to the pandemic, but the effects of inaccurate information can be devastating. One 2019 study found that incorrect addresses cause 19 percent of all failed deliveries, for example, and these failed deliveries cost approximately $216,171 per individual business annually.

Addressing 57

Addressing Verification API SWIFT 57

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Choose platforms that provide regular security updates and patches to address emerging vulnerabilities. Common Cyber Risks in Video Communication Video communication offers numerous benefits.

Risk 242

Risk Ransomware Phishing MFA 242

Fintech Finance

SEPTEMBER 13, 2024

The new guideline, developed by the FPC’s Operational Considerations Work Group, sponsored by Endava , dives deep into the practical considerations FIs must address to successfully implement instant payments, from liquidity management to fraud mitigation, business continuity, and staffing requirements. The post U.S.

Instant Payments 112

Instant Payments Faster Payments FPC Real Time Payments 112

Fintech News

MAY 29, 2024

This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 83

Money Laundering Crime Risk Law Enforcement 83

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). By constraining credit exposure across more sensitive customer segments, the delinquency impacts associated with unexpected economic downturns can be mitigated. Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2021). Saxon Shirley. by Jim Patterson.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

Fintech News

AUGUST 8, 2024

Swift Essentials with a Focus on the Securities View Solution and Its Impact As more global markets with high foreign investment attractiveness are shifting towards a shorter settlement cycle (T+1), automation and straight through processing are becoming crucial for managing and mitigating settlement risks.

ISO 20022 119

ISO 20022 APACS SWIFT ISOs 119

VISTA InfoSec

FEBRUARY 13, 2024

Employees who are aware of the risks associated with cyber threats and the steps they can take to mitigate these risks form a solid first line of defence against bad actors in the digital sphere. By regularly conducting these tests, businesses can preemptively discover areas of exposure that cyber attackers could potentially exploit.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Finance

JULY 30, 2024

In response to feedback from Bybit’s INR merchants, the introduction of Digital eRupee aims to address their concerns regarding the security of traditional banking transactions. This innovative wallet-based mobile payment solution is now live, offering a secure and convenient way for users to transact on the platform.

Security 72

Security Mitigation Payments Mobile Payments 72

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 88

Third Party Vendors Cybersecurity Mitigation Encryption 88

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 69

AI Fraud Detection Technology Real Time Payments 69

Innovative Payments Association

SEPTEMBER 5, 2024

To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework. While these relationships can bring numerous benefits, they also come with inherent risks.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

Fintech News

DECEMBER 4, 2023

The Network for Greening the Financial System (NGFS) released a new technical document , focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation.

Finance 89

Finance Mitigation Central Bank Authorization 89

PYMNTS

JANUARY 13, 2020

In 2017, the division joined SWIFT’s gpi (global payments innovation initiative) to support faster, seamless cross-border transactions and address some of the biggest points of friction in traditional correspondent banking. INTL FCStone’s Global Payments Division maintains an estimated 350 correspondent banking relationships.

Mitigation 52

Mitigation Risk Correspondent Bank Correspondent 52

Fintech Finance

JANUARY 24, 2024

Stripe , a financial infrastructure platform for businesses, today launched a new churn management guide to help subscription businesses understand and mitigate voluntary and involuntary customer churn. To learn more, download Stripe’s guide on how to mitigate churn here.

Mitigation 52

Mitigation Automation Acquirers Addressing 52

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 86

FinTech Mitigation Risk On-Demand 86

Fintech News

MAY 13, 2024

The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM). The AI technology is designed to be seamlessly integrated with banks’ existing data infrastructures and addresses common challenges related to data security and privacy.

AI 74

AI Financial Crimes Crime Mitigation 74

VISTA InfoSec

FEBRUARY 25, 2024

These commonly breached records include: Personal Information Names, addresses, phone numbers, Social Security numbers, driver’s license details, passport numbers, patient healthcare records, insurance policy information, financial statements, etc. But some data types see higher breach rates than others.

Data Breach 223

Data Breach Breach Multifactor Authentication Cybersecurity 223

PYMNTS

JULY 28, 2020

Offering eWallet and bill payment services, among others, Kabbage Checking aims to address SMBs that are “too often left out, overlooked and underestimated,” according to the company’s president, Kathryn Petralia, who added that SMBs need digital banking solutions “without sacrificing anything they expect from a bank.”

FinTech 111

FinTech Risk Mitigation Mitigation eWallet 111

The Fintech Times

SEPTEMBER 3, 2024

Experian , the multinational data analytics and consumer credit reporting company, is partnering with Paylink , an affordability software and payments provider, to address affordability restrictions with debt consolidation loans. This partnership aims to address these challenges and enhance financial inclusion by improving access to credit.

Credit Cards 69

Credit Cards Financial Inclusion Underwriting Addressing 69

The Fintech Times

APRIL 26, 2024

The first of its kind, Oxygen uses blockchain technology and strategically sourced market instruments, including renewable energy certificates (RECs), to enable financial institutions to measure, mitigate, and report on the carbon footprint of their digital asset activities. kilotonnes of carbon dioxide (ktCO2).

Bitcoin 69

Bitcoin Mitigation Blockchain Product 69

Innovative Payments Association

AUGUST 29, 2024

By understanding these risks, businesses can develop appropriate controls to mitigate them. By regularly monitoring compliance activities, businesses can proactively address any issues before they escalate. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

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 88

Risk Assessment Assessments Risk Finance 88

PYMNTS

SEPTEMBER 29, 2017

One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. Managing Risk.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

VISTA InfoSec

SEPTEMBER 26, 2023

Repetitive Nature of the Breach: If the breach is not a one-off incident and keeps recurring, it indicates a systemic issue within the data fiduciary’s systems that needs to be addressed. Mitigation Efforts: The Board will consider the data fiduciary’s mitigation efforts, including their timeliness and effectiveness.

Compliance 130

Compliance Breach Privacy Mitigation 130

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 81

Reconciliation Automation Compliance Mitigation 81

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. Recognising this, ZestyAI provides property-specific data to help insurers determine the true risk for each property.

Risk 59

Risk AI Risk Assessment Assessments 59

Fintech News

JULY 24, 2024

Singapore is considering measures, such as a temporary ban on political deepfakes, to mitigate these risks ahead of its elections, which must occur by November 2025. For example, before Indonesia’s February elections, AI was used to spread misleading information, including a long-deceased army general endorsing the incumbent.

Deepfake 86

Deepfake AI Verification On-Demand 86

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. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130

Privacy Compliance Legal Best Practices 130

The Fintech Times

SEPTEMBER 2, 2024

Comments on the coalition Ezechi Britton MBE , CEO of CFIT, expressed optimism about the coalition’s potential to address the significant impact of fraud on businesses and individuals alike.

Crime 59

Crime Verification Interoperability Participant 59

Neopay

JANUARY 25, 2024

The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EU’s fight against financial crime. Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

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. Regulatory Frameworks Developing adaptable regulatory frameworks is essential in addressing the rapid pace of fintech innovation while ensuring consumer protection.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny. Through proactive compliance management and diligent risk mitigation measures, firms can safeguard their reputation, protect consumer interests, and avoid being named and shamed in enforcement actions.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Finovate

MAY 13, 2024

Banks can use the new tools in processes ranging from managing existing accounts to brainstorming new products and mitigating financial crime. The Responsible Generative AI solutions also have a permissions and access security framework to address data security and privacy concerns.

AI 105

AI Financial Crimes Audit Crime 105

Fintech News

APRIL 3, 2024

This collaborative effort aims to address and mitigate the structural inefficiencies prevalent in current cross-border payment processes.

Cross-Border Payments 99

Cross-Border Payments Cross-Border Central Bank Federal Reserve 99

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 89

AI Innovation Financial Crimes Crime 89