Global Fintech & Digital Assets

MARCH 5, 2024

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. Additionally, the Securities and Futures Commission (SFC) and the HKMA published guidance around distribution of virtual asset products (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

BNG Payments

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. If your business name is different or long (more than 35 characters), add your location and product description.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

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. “In

Real Time Payments 98

Real Time Payments ISO 20022 Technology Payments 98

Fintech Finance

MAY 16, 2024

At the annual Visa Payments Forum in San Francisco, Visa (NYSE: V) unveiled new products and services that will revolutionize the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them.

Product 52

Product Online and Mobile Banking Credential RTP 52

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 63

ISO 20022 Technology Real Time Payments ISOs 63

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 109

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 109

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 106

AI Financial Crimes Crime Mitigation 106

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

Fintech Finance

MAY 30, 2024

Today at the annual Visa Payments Forum for Central and Eastern Europe, Middle East and Africa, Visa unveiled a suite of new products and services that will ­revolutionize the card and address the future needs of consumers, merchants and the financial institutions that serve them across the region. Approval rate from 4Q23.

Online and Mobile Banking 52

Online and Mobile Banking Product Credential RTP 52

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

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 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

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

Fintech Finance

SEPTEMBER 26, 2024

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. We look forward to welcoming the Featurespace team to Visa.”

Acquirers 98

Acquirers Financial Crimes Fraud Detection Crime 98

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 122

ISO 20022 APACS SWIFT ISOs 122

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

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 68

Bitcoin Mitigation Blockchain Product 68

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 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

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

Clearly Payments

NOVEMBER 18, 2024

Chargebacks can arise from various reasons, including fraud, dissatisfaction with the product or service, or technical errors during payment processing. Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships. Update policies or processes to prevent future disputes.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

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 112

Risk Assessment Assessments Risk Finance 112

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 58

Mitigation Product Addressing Automation 58

The Payments Association

DECEMBER 2, 2024

The global economy relies on seamless financial transactions, and addressing this gap in payment integration is essential for fostering a truly global marketplace.” Audit firms are providing much feedback to the payments industry that automation is key to addressing these middle and back-office challenges.

Cross-Border 88

Cross-Border Payments Compliance Regulations 88

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Plans are in place to address the requirements and limitations contained in the consent orders, including adjustments to the Bank’s U.S.

AML 97

AML BSA Money Laundering Financial Crimes 97

Fintech Finance

OCTOBER 3, 2024

This underscores the critical need for advanced fraud prevention in the financial sector, a need that Alloy’s platform will directly address within Numerated’s commercial lending solutions. Additionally, 96% of these institutions suffered financial losses due to fraud, with 70% reporting losses exceeding $500k during that period.

Fraud Prevention 97

Fraud Prevention Risk Management Credit Union Automation 97

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

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

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

The Fintech Times

OCTOBER 31, 2024

We address the serious financial and reputational damage that can result from such an incident. We are dedicated to mitigating these risks. Nuke From Orbit was created to address the growing risk of personal data theft in an increasingly mobile-dependent world. What problem was your company set up to solve?

Data Breach 68

Data Breach Addressing Security Risk 68

Fintech Finance

OCTOBER 24, 2024

. “By integrating Plaid’s advanced account verification and risk assessment features into our Open Banking Services, we’re providing a single, unified solution that addresses the complex needs of modern enterprises in the evolving payments landscape.”

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

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

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 58

Risk AI Risk Assessment Assessments 58

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

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 68

Credit Cards Financial Inclusion Underwriting Addressing 68

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

The Fintech Times

OCTOBER 19, 2024

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. Offering a single ‘green’ product in a sea of traditional offerings won’t cut it; instead, all digital banking products must be developed with an ESG framework in mind.

On-Demand 105

On-Demand Financial Inclusion Consulting Product 105