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 124

ISO 20022 APACS SWIFT ISOs 124

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. This blog is co-authored with David Binder, Senior Director of Scores Product Management.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

The Fintech Times

SEPTEMBER 1, 2024

10x Banking , the cloud-native core banking platform, is partnering with SunTec Business Solutions , a relationship-based pricing and billing provider, enabling banks to offer personalised and contextual products, services and offers to their customers, across corporate, SME and retail banking.

Mitigation 59

Mitigation Product Addressing Automation 59

Finovate

MAY 13, 2024

At launch, the new GenAI tools will be available within Temenos Wealth and Temenos Digital products. The Switzerland-based company is making the solutions available as part of its AI infused banking platform, starting with its Temenos Wealth and Temenos Digital products.

AI 105

AI Financial Crimes Audit Crime 105

The Fintech Times

APRIL 26, 2024

After the US Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded funds (ETFs), the number of crypto fund products with significant carbon footprint grew dramatically. kilotonnes of carbon dioxide (ktCO2). To put this into context, this is equivalent to a person flying from London to New York and back over 1.5

Bitcoin 69

Bitcoin Mitigation Blockchain Product 69

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.

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Mitigation Automation Acquirers Addressing 52

Fintech Finance

JULY 2, 2024

While searching for products, buyers can now browse and compare items from Amazon Business and other suppliers. With an Amazon Business account on Basware’s Procurement solution, buyers can select Amazon Business items, verify product details, delivery options, and payment methods in seconds.

Compliance 98

Compliance Automation Mitigation Process 98

PYMNTS

JANUARY 13, 2020

Our objective is to offer [SMBs] the ability to hedge all parts of their production processes, and to allow these corporates to have access to a digital payments and hedging platform,” said INTL FCStone Global Payments Division Global Head Carsten Hils. “We

Mitigation 52

Mitigation Risk Correspondent Bank Correspondent 52

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.

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Data Breach Breach Multifactor Authentication Cybersecurity 223

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. Cross-border cash movements, along with the trade of precious stones, metals, and products, also remain at medium-low risk.

Risk Assessment 99

Risk Assessment Assessments Risk Finance 99

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

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

Clearly Payments

JUNE 21, 2024

Card holders can initiate a chargeback becuase of fraudulent charges, or becuase of dissatisfaction with the products from the merchant. Friendly Fraud: Sometimes, the cardholder might make the purchase and then later claim it was unauthorized, either due to forgetfulness or an attempt to get the product or service for free.

Disputes 52

Disputes Address Verification System (AVS) Credit Cards Best Practices 52

Segpay

APRIL 16, 2024

Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. This occurs when customers intentionally dispute legitimate transactions just to get a refund of their payment for products or services they did receive.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

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

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

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

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. With banks moving into new territory, like commodity derivatives and structured products, he said, they have “new risks to monitor.”. Managing Risk.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Insurers need to develop robust risk management frameworks to address these challenges.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

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 109

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 109

VISTA InfoSec

OCTOBER 25, 2023

Risk : The potential loss or damage, calculated as the product of likelihood and impact. Choose between a qualitative or quantitative approach: Qualitative Method : Dive into diverse scenarios and address hypothetical inquiries to identify risks. Likelihood : The probability of a threat exploiting a vulnerability.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

The Fintech Times

SEPTEMBER 2, 2024

As economic crime continues to rise, the UK fintech industry is taking significant steps to address this growing challenge. Neither a state with squeezed finances nor an economy facing severe headwinds can afford for such large sums to be diverted away from productive investment and into criminal enterprise.

Crime 72

Crime Verification Fraud Detection Innovation 72

Fi911

MAY 22, 2024

Refunds usually occur when the payee agrees to return the funds, either due to a canceled order or a returned product. Address customer complaints and inquiries promptly to resolve potential issues before they escalate. Address customer complaints and inquiries promptly to resolve potential issues before they escalate.

Payer 79

Payer Address Verification System (AVS) Disputes Payee 79

The Fintech Times

MAY 15, 2024

The codes set out requirements for developers to make products more resilient against tampering, hacking, and sabotage. This lack of transparency means it can be hard to identify and address potential biases or security risks. “Understanding how generative AI systems arrive at their outputs can be difficult.

Cybersecurity 72

Cybersecurity AI Government Governance 72

FICO

JUNE 11, 2021

By constraining exposure across more sensitive customer segments, the delinquency impacts associated with unexpected economic downturns are mitigated. Promote usage and loyalty via product upgrades and deepen customer relationships via cross-sell campaigns in low FICO® Resilience Index ranges.

Risk 52

Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

Open Banking Excellence

AUGUST 23, 2023

How can businesses unlock the productivity gains of AI whilst mitigating the risk of ‘hallucinations’ and solving challenges around toxicity, privacy, bias, and data governance, asks Paul O’Sullivan, SVP Solution Engineering at Salesforce? When businesses trust AI, they can drive genuine productivity gains.

AI 130

AI Risk Online and Mobile Banking CRM 130

EBizCharge

JULY 15, 2024

The primary difference hinges on whether the payer remits funds before or after receiving the benefit of a service or product. The practice of billing in arrears is common because it ensures customers pay for the precise amount of product or service they use.

Disputes 52

Disputes Payer Legal Service Provider 52

Fintech News

FEBRUARY 21, 2024

This alignment of powers across various financial regulations underscores MAS’s strategic approach to navigating the intricacies of modern financial crimes, ensuring that the regulatory framework is equipped to address challenges posed by technological advancements and global financial operations.

Financial Crimes 99

Financial Crimes Crime Authorization Consulting 99

Neopay

JULY 29, 2024

Undocumented issues and actions: When firms identify issues, risks, or harms caused by their products or services, they frequently fail to document these problems or the actions taken to address them, including planned future actions and timelines. This transparency will demonstrate your thoroughness and accountability.

Consumer 52

Consumer Assessments Compliance Best Practices 52

Fintech News

JUNE 12, 2024

Multilateral payment platforms have emerged as a promising solution to address the needs of increasingly globalised users, who need to send and remit funds across borders for various reasons.

Cross-Border Payments 100

Cross-Border Payments Cross-Border Interoperability Payments 100

The Fintech Times

JUNE 3, 2024

The company has been able to increase its productivity using the tech without compromising customer experience. For financial services brands looking to boost productivity without ruining customer experience, this performance must look like the holy grail of chatbots. This includes accurate extraction from visually complex documents.

AI 69

AI Risk Mitigation Assessments Consulting 69

Global Fintech & Digital Assets

NOVEMBER 7, 2023

A new guidance creates a regulatory framework for tokenisation of retail investment products and provision of services for tokenised financial instruments. The other circular addresses the tokenisation of SFC-authorised investment products (Products Circular), such as retail investment funds.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 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 Governance Government SWIFT 59

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. Moreover, AI fosters the creation of new financial products and services previously inconceivable.

FinTech 127

FinTech Embedded Finance BNPL AI 127

Faster Payments Council

MARCH 8, 2022

In July 2020, the FPC published the Examining Faster Payments Fraud Prevention white paper, examining the current fraud themes and trends, and approaches for mitigating these risks in a faster payments environment. One goal of our survey is to highlight faster payments fraud mitigation techniques that will help the entire industry.

Faster Payments 88

Faster Payments FPC Mitigation Payments 88

Faster Payments Council

MARCH 8, 2022

In July 2020, the FPC published the Examining Faster Payments Fraud Prevention white paper, examining the current fraud themes and trends, and approaches for mitigating these risks in a faster payments environment. One goal of our survey is to highlight faster payments fraud mitigation techniques that will help the entire industry.

Faster Payments 88

Faster Payments FPC Mitigation Payments 88