Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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 131

Instant Payments Faster Payments FPC Real Time Payments 131

VISTA InfoSec

OCTOBER 21, 2024

Some of the most significant benefits include: Scalability: Companies can scale their contact center operations up or down based on demand without requiring extensive infrastructure investments. Scalability and Flexibility: Confirm that the platform can grow with your business and adapt to changing demands.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

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 112

AI Innovation Financial Crimes Crime 112

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 109

Deepfake AI Verification On-Demand 109

Fintech News

AUGUST 13, 2024

While the region is leading advancements in instant payment systems, the panel highlighted emerging challenges, particularly the heightened risks of fraud, and emphasized the critical role of data analytics and artificial intelligence (AI) in mitigating these threats.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Payments Instant Payments 126

Fintech News

MARCH 21, 2024

Inheritance scams see perpetrators posing as legal professionals from seemingly legitimate law firms to inform victims of non-existent legacies, demanding personal information and initial payment to secure future gains. Meanwhile, humanitarian relief scams exploit generosity, using social media to drive donations to fake causes.

Scams 114

Scams AI Ransomware On-Demand 114

Fintech News

NOVEMBER 27, 2024

By integrating Elliptic’s cutting-edge blockchain analytics with Sumsub’s trusted verification and compliance platform, we’re empowering businesses to proactively address risks, protect their users, and stay ahead of regulatory demands.” The combined solution helps firms meet challenging regulatory requirements.

Crime 112

Crime Financial Crimes Travel Rule Blockchain 112

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 135

FinTech Embedded Finance BNPL AI 135

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 123

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 123

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

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 116

AI Risk Non-Bank On-Demand 116

The Fintech Times

NOVEMBER 18, 2024

Volante Payments Intelligence addresses the increasing volume and complexity of the payments landscape, driven by the proliferation of real-time payments, the adoption of ISO 20022 , and the digitisation of payment flows.

ISO 20022 64

ISO 20022 Technology Real Time Payments ISOs 64

Fintech News

DECEMBER 13, 2023

As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. These fines highlight the urgent call for the industry to prioritise compliance measures and enhance its ability to detect and prevent financial crimes.

Financial Crimes 117

Financial Crimes Money Laundering Crime Risk 117

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 130

Deepfake Scams Fraud Detection Verification 130

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

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 119

Finance Risk Mitigation Automation AI 119

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

JANUARY 27, 2021

What we’ve seen is an increasing demand from corporates to not have to do it themselves.”. Now, the challenge for banks and FinTechs is to not only figure out how to address those unique requirements, but to decide which path they’ll take to get there. Driving Personalized Experiences. Many Paths To The Same Goal.

Payment APIs and Integration 115

Payment APIs and Integration On-Demand Treasury End User 115

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 112

Cybersecurity On-Demand Database Automation 112

The Fintech Times

MAY 17, 2024

At the Visa Payments Forum in San Francisco, Visa has unveiled new products which will address the evolving consumer payments demands. Working with Real-Time Payments (RTP) networks around the world, we are overlaying decades of Visa expertise in applying AI to help mitigate fraud for account-to-account payments on RTP networks.

Product 128

Product Consumer Online and Mobile Banking RTP 128

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 Finance

NOVEMBER 14, 2024

Volante Payments Intelligence addresses the increasing volume and complexity of the payments landscape, driven by the proliferation of real-time payments, the adoption of ISO 20022, and the digitization of payment flows.

Real Time Payments 98

Real Time Payments ISO 20022 Technology Payments 98

Fintech News

FEBRUARY 21, 2024

Such measures were designed to discourage speculative trading and mitigate financial risks for retail investors. These developments underline the persistent and sophisticated challenge of addressing the ever-evolving cyber threats in the crypto realm. In 2023, ransomware payments peaked, breaking past the US$1 billion (SG$1.35

Crime 108

Crime Ransomware Scams Stablecoins 108

Fintech Finance

JUNE 12, 2024

It addresses the involuntary churn rates and payment failures that have plagued the repeat economy, empowering businesses to capture and retain more revenue. Following the acquisition of SlimPay, this technology can also predict the optimal times for payment success, thereby mitigating issues related to insufficient funds.

Economy 98

Economy AI Payment APIs and Integration Fraud Prevention 98

The Payments Association

NOVEMBER 25, 2024

However, a pressing issue demands our collective attention: the de-risking practices that are inadvertently crippling legitimate money service businesses (MSBs) and empowering black-market alternatives. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

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

Fintech News

MARCH 10, 2024

In the dynamic landscape of Indonesia’s digital revolution, the exponential growth of digital payments has generated an increased demand for robust mobile app security solutions. Tailoring these practices to address the specific challenges enhances overall effectiveness.

Digital Payments 113

Digital Payments Security Data Encryption Encryption 113

Fintech Finance

APRIL 17, 2024

Justt , the pioneering chargeback mitigation company, has announced the opening of its European headquarters in the heart of Camden Market, London. While 3DS2 adds extra layers of protection against true fraud, it falls short in addressing fraudulent chargebacks. This problem is accelerating despite the implementation of 3D Secure 2.0

Disputes 52

Disputes Mitigation Credit Cards On-Demand 52

The Fintech Times

OCTOBER 19, 2024

Regulatory pressures and growing consumer demand for responsible practices are driving the strategic direction of digital banking, with sustainability and ESG commitments playing a central role. But the reality is ESG is a way for banks to do business, and must be addressed proactively at the top of every board’s agenda.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

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

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 106

Cross-Border Cross-Border Payments Visa Payments 106

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. Stronger passwords. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

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 113

On-Demand Best Practices Technology Enrollments 113

The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

Global Payments 124

Global Payments Alternative Payment Methods Online and Mobile Banking Instant Payments 124

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