Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices AI 59

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Provide responsive customer support to address inquiries promptly and nurture positive brand relationships.

BNPL 104

BNPL Payments Mitigation Best Practices 104

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.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

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 99

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 99

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 fintech impact platforms excel by addressing genuine issues rather than creating new problems to solve.

FinTech 69

FinTech Due Diligence Risk Mitigation Cybersecurity 69

PYMNTS

SEPTEMBER 29, 2017

Managing Risk. 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.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

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

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.” ”

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. ” Yet SMBs face even greater headwinds in their efforts to mitigate these risks. ” Combating Risk Through Technology. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

SEPTEMBER 11, 2018

According to Jay Wissema, director of business development at cross-border payment solutions provider Volopa, recent events in the global markets have heightened awareness of the importance of foreign exchange volatility risk mitigation. Part of SMBs efforts’ to address a volatile market should be FX risk mitigation.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Mitigation 40

PYMNTS

JANUARY 22, 2019

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management Reconciliation Risk Mitigation Automation 73

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Communicate the benefits of AI adoption to your finance team and address any concerns or resistance well ahead of the integration.

AI 122

AI Finance Fraud Detection Mitigation 122

The Finance Weekly

OCTOBER 15, 2023

CFO Uncertainties Using AI in financial operations comes with certain risks, which include: Data Security and Privacy: , Protect financial data through strong security measures to maintain trust and comply with regulations. Algorithmic Bias: Mitigate biases in AI algorithms to ensure fair decision-making in financial processes.

AI 52

AI Risk Automation Data Security 52

PYMNTS

SEPTEMBER 15, 2020

Rising eCommerce volumes and an embrace of the direct-to-consumer (D2C) sales model has led merchants to shift their own payment strategies — and seek out banking providers that can address those changing needs. Diversifying Risk.

Service Provider 119

Service Provider Payments Risk Acquirers 119

PYMNTS

NOVEMBER 10, 2017

Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and risk mitigation technologies. Purchase Finance addresses this by enabling businesses to pay their suppliers directly, using a funding line from Ultimate Finance, who can pay the supplier directly.”.

Finance 40

Finance Risk Mitigation Mitigation B2B 40

Segpay

OCTOBER 4, 2023

Reputation Risks: Non-compliance can damage the reputation of both merchants and affiliates. Source: WebShield To mitigate these compliance risks, merchants and affiliates involved in affiliate marketing should implement robust compliance programs.

Security 52

Security Due Diligence Compliance Payments 52

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

The Fintech Times

MAY 25, 2024

We anticipate greater expectations around risk mitigation and security capabilities, meaning security is paramount and must be a top priority for ETF managers.” There are also concerning centralisation risks in the current Ethereum staking landscape that need addressing. appeared first on The Fintech Times.

Bitcoin 72

Bitcoin Cryptocurrency On-Demand Risk 72

The Fintech Times

JUNE 3, 2024

Together, these cross-silo voices must help design a tailored strategy to enhance productivity and address specific challenges, fostering a sense of collective ownership and contribution. Step 4: Risk mitigation Business value stems from genAI and LLMs being baked into the technological fabric of a given financial service.

AI 69

AI Risk Mitigation Assessments Consulting 69

PYMNTS

APRIL 27, 2016

More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. At the same time, a continued dependence on manual analytics can similarly mean a weak grip on FX risk mitigation.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

Fi911

AUGUST 31, 2023

The Truth in Lending Act was intended to address the lack of transparency and standardization in disclosing consumer credit terms and costs. Section B: Addresses open-ended credit products. Risk Mitigation Complying with TILA reduces the risk of litigation and regulatory fines.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Non-Bank Online and Mobile Banking 52

PYMNTS

JUNE 26, 2019

This is the pain point that LeafWorks aims to address with its recently announced Supply Chain Certification solution. Mitigating Risk For Third Parties. Supply chain verification is instrumental in mitigating the risk of noncompliance for marijuana firms regulated at the state level.

Legal 44

Legal Mitigation Verification Risk Mitigation 44

PYMNTS

NOVEMBER 19, 2018

With “audience,” “purpose” and “actionable” as foundations of the Playbook, the team decided on key topic areas for inclusion, including faster payments opportunities, business strategy, risk mitigation and compliance and internal impacts.

NACHA 63

NACHA Faster Payments Risk Mitigation Payments 63

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. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

FICO

FEBRUARY 7, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science. To learn more, read our Executive Briefing Understanding Your Cybersecurity Posture.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

MAY 2, 2019

A press release this week said Citi is collaborating with EY and SAS on its NextGen project, which will include the development of a risk analytics scoring engine that uses AI to address friction in reviewing global trade transactions. ”

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

PYMNTS

NOVEMBER 6, 2018

The tool interconnects Shell’s central treasury office to its 718 operating units to manage foreign exchange (FX) risk and volatility with its more than 200 bank partners. “Now, we can more efficiently route market requests from regional centers around the world to our central treasury.

Treasury 53

Treasury Treasury Management Risk Mitigation Blockchain 53

Nanonets

DECEMBER 10, 2023

This reduces non-compliance risk, mitigates legal complications, and ensures that shipments move seamlessly across borders, contributing to a smoother global logistics operation. Moreover, automation minimizes the risk of errors commonly associated with manual data entry and processing of purchase orders.

Automation 52

Automation Compliance SWIFT Process 52

Nanonets

SEPTEMBER 23, 2023

Address their pain points and demonstrate how your solution can solve their challenges. Focus on how it can address the client's needs and deliver value to their business. By effectively managing contracts, organizations can mitigate  risks , ensure  compliance , and optimize supplier relationships.

Gateways 52

Gateways RFP Value Added Service Compliance 52

PYMNTS

APRIL 18, 2018

In the age of data breaches , there’s a lot of talk and tools emerging in the fraud prevention and risk mitigation spaces, but many merchants are overlooking one of the most damaging types of fraud: the kind that is carried out not by criminals, but by the merchant’s own trusted customers.

Due Diligence 40

Due Diligence Disputes Data Breach Fraud Prevention 40

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.     What is Bank Reconciliation Audit and How Does it Work?

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

PYMNTS

MAY 28, 2019

While the FRC is expanding its oversight, some have called for the creation of an entirely new regulator to address potential shortcomings in the auditing sector. Reports said the FRC also intends to heighten its scrutiny of auditor governance and leadership, risk mitigation processes, control and overall behavior.

Audit 40

Audit Risk Mitigation Authorization Regulations 40

PYMNTS

JANUARY 26, 2018

Enterprise transactions are full of friction and risk,” said CapLinked CEO Eric M. While Ripple and other decentralized technologies are addressing payments, the transfer of funds is only a small part of a B2B transaction.

Blockchain 62

Blockchain Transactions B2B API 62

PYMNTS

OCTOBER 8, 2020

We started Retirable to address America's advice gap,” End told PYMNTS in a recent interview. But when you get into decumulation, you have to start thinking about: ‘How do I de-risk my plan and make this money last as long as possible?’ And so in this stage, a lot of the talk is about risk mitigation versus taking on risk.”. “We

AI 90

AI Social Security Risk Mitigation Risk 90

PYMNTS

DECEMBER 11, 2018

“Boards of directors and executive management teams cannot afford to manage risks casually on a reactive basis, especially considering the rapid pace of disruptive innovation and technological developments in an ever-advancing digital world.” ” A Closer Look At The Risks.

Mitigation 65

Mitigation Risk Risk Mitigation Research 65