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. Public faith in online information is crumbling, demanding a transparent discourse to confront this challenge and empower citizens with the tools to discern and report deepfakes.

Deepfake 114

Deepfake AI Verification On-Demand 114

Fintech News

APRIL 28, 2024

In today’s digital age, customers are demanding seamless and personalized experiences when interacting with their banks, the report says. Banks are increasingly integrating ESG principles into their business models to align with global sustainability goals, mitigate risks, and enhance their reputation as responsible corporate citizens.

AI 109

AI Innovation Financial Crimes Crime 109

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 133

FinTech Embedded Finance BNPL AI 133

NFCW

APRIL 5, 2024

“Significant financial and security risks were exposed during these faults; continuing the demand for smart POS terminals to replace outdated legacy systems.” ” Many retailers are insufficiently prepared to address issues with their legacy POS systems, such as terminal outages in physical retail stores, the study found.

Transactions 57

Transactions Research Mitigation Returns 57

Fintech Review

JUNE 12, 2024

On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed. Companies like Cuvva and Trov offer on-demand car and property insurance, providing coverage for specific periods, such as hours or days.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

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 122

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 122

Fintech Review

OCTOBER 8, 2024

By 2022, Green Bond issuances worldwide surpassed $500 billion , reflecting the increasing demand for sustainable investments. As demand for grows, banks and investment firms are increasingly developing products that incorporate these bonds into broader sustainable finance portfolios.

Finance 98

Finance Governance Government Returns 98

Fintech News

JULY 24, 2024

As financial services become more digitalised, they face increasing susceptibility to sophisticated cyber threats, demanding advanced security measures. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures.

Finance 115

Finance Risk Mitigation Automation AI 115

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.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Fintech News

SEPTEMBER 17, 2024

But the power of ML is fettered by the complexity of the model; as the demands of the task increase, the number of dials to twiddle to fine-tune the algorithm explodes. If we are given multiple neural network models to choose from, and we have reasons to demand a certain level of explainability, how do we make the choice?”

Mitigation 52

Mitigation Risk Assessment On-Demand Research 52

The Fintech Times

AUGUST 3, 2024

The whitepaper , From Potential to Profit: Five Ways Financial Institutions Can Break Barriers to Benefit from Instant Payments , highlights legacy systems, fraud mitigation and implementation costs as key barriers facing firms looking to adopt instant payments. “This whitepaper aims to help financial institutions break barriers.

FPC 64

FPC Instant Payments Faster Payments Payments 64

Fintech News

JUNE 12, 2024

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Participants reflected on the progress made to date, discussed potential opportunities and challenges, and shared lessons learned from their respective journeys.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Interoperability Payments 116

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Banks must proactively plan and adapt to mitigate these risks effectively.

AI 112

AI Risk Non-Bank On-Demand 112

The Fintech Times

MAY 25, 2024

” More exposure Saleh continues: “The SEC’s move is another sign of the growing appetite for crypto ETFs and could introduce fresh demand pressure on Ethereum spot prices, since exposure to Ethereum would be opened to a wider pool of investors. But how is this approval different to Bitcoin’s in January?

Bitcoin 72

Bitcoin Cryptocurrency On-Demand Risk 72

The Fintech Times

JULY 29, 2024

They invest in advanced cybersecurity protocols to safeguard sensitive information and employ AI-driven algorithms for continuous monitoring and risk mitigation. Successful platforms embrace new technologies and business models, improving services to meet evolving consumer and regulatory demands, staying ahead in a fast-paced industry.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

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. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud. ” says Wells.

Deepfake 132

Deepfake Scams Fraud Detection Verification 132

Fintech News

MARCH 20, 2024

This transformation is not without its challenges, as banks grapple with the critical task of bridging the gap between traditional banking services and the demands of a digital-first customer base. In the last decade, GaussDB has been deployed on a large scale across multiple top banks in China.

Cybersecurity 111

Cybersecurity On-Demand Database Automation 111

The Fintech Times

JUNE 26, 2024

The BIS highlights the need for robust cybersecurity measures and vigilant risk management practices to mitigate these threats. AI can sift through vast datasets to identify financial system vulnerabilities, enabling authorities to pre-emptively address risks. Central banks will need to monitor these shifts closely.

Central Bank 59

Central Bank Risk AI Money Laundering 59

The Fintech Times

JULY 8, 2024

These initiatives were instrumental in identifying and addressing potential challenges well in advance of the transition deadline. This comprehensive preparation undoubtedly mitigated the potential for widespread disruptions. Also, the impact on costs, especially for small and medium-sized firms, is unknown.

Settlement 59

Settlement Participant Volume Mitigation 59

Faster Payments Council

SEPTEMBER 12, 2022

In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes. This session will cover how fintechs and financial institutions can get ready to meet this demand when the FedNowSM Service launches nationwide next year.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Nanonets

DECEMBER 13, 2023

1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. Real-time reporting enables insurers to address compliance concerns promptly, minimizing the impact on operations.

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

JANUARY 19, 2021

According to Surecomp, its trade finance technology will be able to address the bank’s biggest challenges of more demanding regulatory and compliance requirements, while ensuring that the underlying trade finance infrastructure is integrated in both the front- and back-offices. Absa Group Collabs With Surecomp. ní banka Taps Temenos.

FinTech 136

FinTech Financial Crimes Deposit Account On-Demand 136

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years.

Finance 68

Finance Mitigation B2B Underwriting 68

Seon

JUNE 20, 2024

This shift demands companies bolster their fraud detection and prevention capabilities to meet the new standards. Many industry leaders voiced apprehensions about the current infrastructure’s ability to identify and mitigate fraudulent activities swiftly. Here, we explore three critical insights poised to shape the future of finance.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Faster Payments Council

SEPTEMBER 23, 2023

The Fall Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. Their aim is to educate the industry on the inhibitors to faster payments adoption.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

The Fintech Times

JULY 31, 2024

“The regulatory landscape is becoming more demanding as authorities address emerging technologies like blockchain and cryptocurrencies, posing unique regulatory challenges. This proactive approach helps mitigate risks, build consumer and stakeholder trust, and enhance market position.” But it doesn’t stop there.

Compliance 64

Compliance AML Regulations Due Diligence 64

Tearsheet

FEBRUARY 1, 2024

Factors such as authorization rates, simplifying payments processes for a secure yet user-friendly authentication, adhering to regulations, and addressing covert foreign exchange (FX) costs influenced by geopolitical instability and inflation all contribute to the system’s complexity.

Cross-Border 52

Cross-Border Mitigation Authorization Transactions 52

Fintech News

FEBRUARY 15, 2024

This underscores an unequivocal demand for transparency in financial transactions, with businesses keen on having clear insights into payment timelines and transaction verification. The fear of fraud is a significant barrier, with nearly four in ten SMEs prioritising data security to mitigate these risks.

Cross-Border 105

Cross-Border Cross-Border Payments Visa Payments 105

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. ComplyTek’s integrated solutions ensure that organizations stay ahead of regulatory demands and financial crime risks.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

The Fintech Times

MARCH 14, 2024

Benefits of digital wallets The surge in e-wallet popularity underscores the real demand to address the unbanked population and bolster financial inclusion, fundamentally reshaping the lives of millions of individuals. The post Bridging the Banking Divide: The Rise of E-wallets in the Philippines appeared first on The Fintech Times.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

The Fintech Times

APRIL 8, 2024

Global law firm DLA Piper, i n partnership with The Fintech Times and The Fintech Power 50, recently hosted a fascinating evening event at its head office in London addressing how established players and disrupters in the insurance industry can navigate through the complexities of artificial intelligence (AI).

AI 59

AI Risk Legal Framework Use Case 59

Clearly Payments

JANUARY 4, 2024

Understanding Cryptocurrency Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on a decentralized network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

Cryptocurrency 84

Cryptocurrency Stablecoins Cross-Border Payments Central Bank 84

Fintech News

JANUARY 31, 2024

In an era of disruption where technology has levelled the playing field in some areas and created unfair advantages in others, there is pressure on businesses to capitalise on new opportunities while mitigating emerging threats. COVID-19 has upended businesses and traditional scopes of work across the world.

On-Demand 109

On-Demand Best Practices Technology Enrollments 109

PYMNTS

NOVEMBER 17, 2020

an unprecedented surge in demand for medical equipment like N95 masks, respirators and isolation gowns has created a nightmare procurement scenario for the healthcare industry. At the height of the pandemic in the U.S., once again. Know Your Supplier. Not all of them had the best intentions, according to Miller. Leveling The Playing Field.

On-Demand 94

On-Demand Fincen B2B Addressing 94

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. When the U.S. Middesk aims to help these firms streamline and digitize this process. On Tuesday (Sept.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

Core

OCTOBER 16, 2023

This ability requires a more vigilant approach to identifying irregularities in a revenue report—and addressing them immediately. Detecting Irregularities Sudden or unexpected anomalies identify opportunities that demand attention but may also signify underlying issues. In these cases, predictive modeling techniques are essential.

Governance 52

Governance Government Procedures Mitigation 52