Fintech News

AUGUST 8, 2024

In the dynamic financial landscape of the Asia-Pacific (APAC) region, private banks, asset managers, fund managers, and other capital market participants are increasingly recognising the pivotal role of Swift connectivity. Automation through Swift can significantly mitigate these risks, improve efficiency, and support compliance.

ISO 20022 122

ISO 20022 APACS SWIFT ISOs 122

Fintech News

OCTOBER 8, 2024

The aim is to mitigate the risks associated with such businesses. The purpose of these requirements is to address the risks of money laundering and terrorism financing, to which DTSPs may be particularly exposed due to their cross-border operations. Unless explicitly requested otherwise, all submissions will be made public.

Service Provider 95

Service Provider Due Diligence AML Money Laundering 95

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 114

Deepfake AI Verification On-Demand 114

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes.

Financial Crimes 107

Financial Crimes Crime Money Laundering Law Enforcement 107

The Fintech Times

SEPTEMBER 2, 2024

Among the companies now participating are Amazon Web Services (AWS), Barclays, HSBC, Mastercard and Revolut. 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

Tearsheet

APRIL 22, 2024

Visa introduced the Visa+ service in April last year to bridge the gap among various apps in the peer-to-peer (P2P) payments space, allowing for real-time payouts to participating digital wallets. From there, a sender can enter the recipient’s Visa+ payname in their participating wallet app and submit the payment.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Fintech Finance

SEPTEMBER 30, 2024

This false sense of security is compounded by the fact that 61% of participants have changed their behavior or reduced their use of payment platforms due to fears about cyber scams. According to the survey conducted in the U.S., ” Respondents were asked about nine different types of scams.

Scams 97

Scams Digital Payments Consumer Payments 97

The Fintech Times

JULY 8, 2024

This transformative shift, aimed at reducing risk and enhancing market efficiency, has been a focal point for market participants worldwide. These initiatives were instrumental in identifying and addressing potential challenges well in advance of the transition deadline.

Settlement 59

Settlement Participant Volume Mitigation 59

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). It enhances trust, prevents fraud, and provides complete transparency by recording transactions immutably.

Finance 122

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

Fintech Finance

MARCH 20, 2024

End users will have enhanced security, participation in rewards programmes, and the assurance of card data processed through a secure and compliant gateway. By easing the burden of PCI DSS compliance, it unlocks doors for growth and innovation, empowering businesses to expand globally while mitigating security risks.

PCI DSS 52

PCI DSS Gateways Security Push-to-Card 52

The Fintech Times

FEBRUARY 28, 2024

The panel delved into the trajectory of the global economy post-pandemic, the significance of COP28 in addressing climate change, the implications of the US Presidential election outcome, and the resilience of the global economy amidst geopolitical upheavals. He advocated for a paradigm shift in global manufacturing and production frameworks.

Economy 59

Economy Government Governance SWIFT 59

The Fintech Times

FEBRUARY 21, 2024

Intix addresses a critical aspect of banking operations that extends beyond the external environment to the internal workings of a bank, which often involve multiple systems and silos. Many banks operate on outdated infrastructure, which necessitates modernisation to identify and mitigate risks effectively.

APACS 59

APACS Legal Framework Finance Cross-Border 59

CB Insights

AUGUST 25, 2022

By automating various steps of the loan origination process, lenders can reach a wider audience, accelerate application turnaround time, mitigate fraud, and enhance customer experience. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants.

Origination 36

Origination Automation Underwriting Fraud Prevention 36

PYMNTS

SEPTEMBER 21, 2020

Brooks said that federal savings associations and national banks participate in activities related to stablecoins involving billions daily as it stands. 21) press release. Acting Comptroller of the Currency Brian P.

Office of the Comptroller of the Currency 68

Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

Neopay

AUGUST 5, 2024

This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. Practical aspects of implementing safeguarding measures within the firm’s operations are also addressed.

Compliance 52

Compliance Procedures Audit Risk Management 52

Segpay

MAY 1, 2024

The Act aims to ensure digital services’ continuity, security, and stability, particularly in critical sectors such as finance, by addressing various operational risks, such as cyber threats, system failures, and operational disruptions. A risk-based testing approach is required to detect and address potential ICT disruptions.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

Faster Payments Council

AUGUST 23, 2024

The moderator will drive the conversation, but audience participation will be encouraged! In response, the Federal Reserve formed a scams definition and classification work group of payments and fraud experts to provide a more consistent foundation for scams reporting to help the payments industry better understand and mitigate the problem.

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FPC ISO 20022 Federal Reserve Instant Payments 167

Fintech News

FEBRUARY 20, 2024

Addressing the Digital Divide Through Innovation The digital transformation necessary for ESG reporting is yet another hurdle for MSMEs, many of which are non-digitalised due to constraints in resources and access to affordable technological solutions.

Small Business 105

Small Business Credential Facilitators Verification 105

Faster Payments Council

SEPTEMBER 17, 2019

Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. Fraud mitigation – Members can participate on Thursday, October 10 at 3 pm ET, to explore ways in which we can address the concerns around safety and security.

FPC 68

FPC FedNow Fed ISO 20022 68

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.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

Faster Payments Council

APRIL 29, 2021

Adam Telem, Vice President, Product Management, Mastercard, who moderated the session underscored a key concept being addressed by the FPC. "It But that is what we can address with education." The FPC's Financial Inclusion Work Group is open to additional participants. There are barriers that need to be overcome.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Financial Literacy 68

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. “To thrive, fintech platforms must engage with regulators, participate in policy discussions, and adapt to the evolving regulatory environment. .

Compliance 64

Compliance AML Regulations Due Diligence 64

The Fintech Times

JUNE 11, 2024

“At CFIT, we are committed to addressing this and making the financial services industry more robust by uniting the best minds across the sector and beyond to combat this pressing issue. This will be achieved through verifying UK businesses to fight economic crime.

Crime 59

Crime Verification Small Business Finance 59

PYMNTS

DECEMBER 5, 2018

Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. Last week, the company announced a $30 million fundraise as it works to address this issue.

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

The Fintech Times

MARCH 18, 2024

This move aims to energise the community and boost participation. This streamlined approach aims to enhance participation across the board. This system addresses a range of security challenges, including on-chain phishing and fraud, through comprehensive measures such as risk token detection, contract analysis, and more.

NFTs 64

NFTs Participant Risk Mitigation Transactions 64

Fintech News

JANUARY 16, 2024

Banks must proactively plan and adapt to mitigate these risks effectively. Banks must assess their readiness to address interest rate-related risks and potential economic challenges. Monitoring and addressing this risk are essential for stabilising banks, insurance companies, and pension funds.

AI 112

AI Risk Non-Bank On-Demand 112

PYMNTS

JULY 30, 2019

There was also significant participation by John W. The industry has focused on a plethora of point solutions that fail to address modern cyberattacks. Ghosh explained to TechCrunch that the company’s solution watches across the customer’s infrastructure, finds issues and recommends ways to mitigate the attack. “We

Cybersecurity 57

Cybersecurity Mitigation Breach Security 57

PYMNTS

JULY 10, 2020

based Sayari Labs is a B2B technology company connecting firms with business intelligence solutions to mitigate financial and supply chain risk. The company secured the venture capital investment from Italy’s Milano Investment Partners, with P101 sgr and Samaipata also participating in the Series B round. Sayari Labs.

B2B 77

B2B B2C Participant Mitigation 77

Fintech Review

OCTOBER 8, 2024

These bonds allow governments to align their climate policies with tangible financial instruments, encouraging private sector participation in the transition to a greener economy. This, in turn, helps to mitigate greenwashing and ensures that these instruments make a meaningful contribution to sustainability.

Finance 98

Finance Government Governance Returns 98

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. Evaluating potential suppliers through a rigorous qualification process can help mitigate risks and ensure that they align with the business objectives and values. Benefits of Effective Vendor Management: 1.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Neopay

MAY 7, 2024

The proposed updates to the Financial Crime Guide (FCG) are multifaceted, each aimed at addressing specific challenges and aligning with emerging trends in financial crime prevention. With a focus on tailored support, we ensure that firms stay ahead of regulatory expectations while mitigating financial crime risks effectively.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

The Fintech Times

MAY 25, 2024

With that said, there is still a lot of uncertainty on the timing of when Ethereum ETF products will hit the market, and which market players will be participating. We anticipate greater expectations around risk mitigation and security capabilities, meaning security is paramount and must be a top priority for ETF managers.”

Bitcoin 72

Bitcoin Cryptocurrency On-Demand Risk 72

The Fintech Times

APRIL 8, 2024

“To address these challenges, companies require differentiated compliance frameworks tailored to their unique business models and market dynamics. However, the current BaaS setup lacks the flexibility needed for such customisation, hindering companies’ ability to adapt to regulatory changes efficiently.

FinTech 116

FinTech Regulatory Compliance BSA Money Laundering 116

PYMNTS

APRIL 9, 2019

. “But they’ve probably grown up separately because, traditionally, banks have looked at one as a financing opportunity or corporates looked at one as a monetization opportunity, and the other is pure risk mitigation. But I think, for a number of reasons, you start to see the two go more hand in hand.” Combining Forces.

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The other circular addresses the tokenisation of SFC-authorised investment products (Products Circular), such as retail investment funds. Before the circulars were released, the SFC’s chief executive spoke of the regulator’s evolutionary rather than revolutionary approach to addressing digital asset-related activities.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

PYMNTS

OCTOBER 4, 2016

The two firms are teaming up to enable card-issuing banks using Lean’s AdjustmentHub dispute processing platform to automatically connect to Ethoca’s Global Collaboration Network to mitigate fraud and address customer disputes. The integration is aimed at reducing the costly and labor-intensive chargeback process. “We

Disputes 53

Disputes Card Issuer Issuers Mitigation 53

Global Fintech & Digital Assets

NOVEMBER 2, 2023

The NPRM would impose enhanced reporting and recordkeeping requirements for any financial transactions involving international mixers, intended to mitigate the risks of money laundering and terrorist financing. Mixers Mixers (or “blenders”) are centralized platforms or decentralized protocols (e.g.,

Fincen 52

Fincen Money Laundering Law Enforcement Non-Bank 52