PYMNTS

AUGUST 13, 2020

Supplying correct address details had always been important prior to the pandemic, but the effects of inaccurate information can be devastating. One 2019 study found that incorrect addresses cause 19 percent of all failed deliveries, for example, and these failed deliveries cost approximately $216,171 per individual business annually.

Addressing 57

Addressing Verification API SWIFT 57

FloQast

MAY 13, 2024

Accounting is the backbone of financial transparency and corporate governance, and the profession is undergoing a transformation driven by technological advancements and shifting market dynamics. Continuous Learning with Digital Transformation As digital technologies evolve, continuous learning is essential for accounting teams.

Accounts 52

Accounts Technology Cybersecurity Audit 52

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

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally.

Verification 109

Verification Fraud Detection Money Laundering Compliance 109

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

Seon

APRIL 18, 2024

A type of social engineering fraud that relies on deception to prompt voluntary payments to fraudsters, APP fraud poses an escalating threat due to the integration of cutting-edge technologies such as artificial intelligence (AI) and machine learning (ML).

Authorization 52

Authorization Technology Fraud Prevention Real Time Payments 52

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.

Service Provider 95

Service Provider Due Diligence AML Money Laundering 95

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

Fintech News

JUNE 5, 2024

In this era of technological innovation, companies are increasingly entrusting critical services to external partners. This growth is not just a result of increasing demand and shifting market dynamics, but a direct consequence of the transformative impact of advanced financial technology (fintech) on the sector. billion by 2030.

FinTech 106

FinTech Mitigation Risk On-Demand 106

The Payments Association

OCTOBER 21, 2024

Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks. With a wealth of AI and deepfake technology at their fingertips, even the most novice of criminals can perpetrate sophisticated fraud.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

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 102

AI Financial Crimes Crime Mitigation 102

Fintech Finance

SEPTEMBER 30, 2024

. “At Chubb, we are committed to developing innovative insurance solutions that address the changing risks faced by individuals and businesses in the digital era. 65% of total respondents) completely trust digital payment technologies. 68% of younger users (18-34 years old) do not completely trust these technologies.

Scams 97

Scams Digital Payments Consumer Payments 97

The Payments Association

OCTOBER 22, 2024

Further, it is unclear whether the rules address the complexities and evolving fraud tactics. One key factor behind this rise was the greater accessibility of technology that fraudsters can use to mimic legitimate businesses or individuals, often using social engineering tactics.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

VISTA InfoSec

FEBRUARY 13, 2024

The proliferation of technology in the present age, while undeniably a win for innovation and modern convenience, has unfortunately been paralleled by an upsurge in cyber threats that present a multifaceted challenge to both businesses and individuals. As the digital economy expands, the potential for cyber threats grows concurrently.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

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. Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2021). Saxon Shirley. by Jim Patterson.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

FICO

OCTOBER 5, 2021

Today, I want to expand on one of the key themes we addressed: backbone technology convergence. There are many facets to consider, ranging from how providers address and implement data and technology solutions to whether financial institutions are ready and willing to share tools and services. Convergence Considerations.

Financial Crimes 52

Financial Crimes Crime Technology Compliance 52

Fintech Review

FEBRUARY 13, 2024

With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 109

AI Innovation Financial Crimes Crime 109

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 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). These challenges range from a longstanding reliance on paper to an increasingly fragmented technology landscape.

Finance 122

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

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures. This gathering comes at a pivotal moment.

Finance 115

Finance Risk Mitigation Automation AI 115

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 Finance Weekly

DECEMBER 30, 2021

For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Technology implementation has been a popular course of action in recent years for many organizations. The following are a few practical considerations as waves of new technology continue coming our way.

Technology 52

Technology MSPS Small Business Data Security 52

FICO

MAY 18, 2023

Currently, Dock has 250 clients that use FICO technologies to fight fraud. At Dock, we're committed to leveraging the latest technologies to help our clients stay ahead of fraudsters and protect their bottom line,” said Junior. This gave scammers a larger audience and new vulnerabilities to exploit. “At

Technology 52

Technology Fraud Prevention Fraud Detection Transactions 52

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

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. “We’ve had a very positive experience effectively utilising ZestyAI’s technology in wildfire-prone states.

Risk 59

Risk AI Risk Assessment Assessments 59

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. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. Managing Risk.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Fintech News

JULY 24, 2024

These technologies can spread misinformation and potentially deceive the public. 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. The concern is not unfounded, as similar issues have been observed globally.

Deepfake 114

Deepfake AI Verification On-Demand 114

PYMNTS

SEPTEMBER 19, 2019

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe. Inaccuracy of [a] forecast is unpardonable.”.

Technology 47

Technology Risk On-Demand Mitigation 47

The Fintech Times

APRIL 26, 2024

The first of its kind, Oxygen uses blockchain technology and strategically sourced market instruments, including renewable energy certificates (RECs), to enable financial institutions to measure, mitigate, and report on the carbon footprint of their digital asset activities. kilotonnes of carbon dioxide (ktCO2).

Bitcoin 69

Bitcoin Mitigation Blockchain Product 69

Fintech Review

JUNE 12, 2024

The insurance industry is undergoing a significant transformation driven by technological advancements. Insurtech, a term blending ‘insurance’ and ‘technology,’ is revolutionising traditional insurance models. Traditional risk assessment methods rely on historical data and generalised assumptions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

The Fintech Times

SEPTEMBER 2, 2024

In a concerted effort to crack down on economic crime, some of the biggest names in finance and technology have joined forces under a new coalition led by the Centre for Finance, Innovation and Technology (CFIT).

Crime 59

Crime Verification Interoperability Participant 59

The Fintech Times

SEPTEMBER 1, 2024

The partnership expands the capability of 10x’s newly launched meta-core banking platform to address one of the banking industry’s biggest opportunities – personalisation. Banks can enhance their relationships and customer satisfaction by contextually tailoring multiple products and services based on customers’ banking activity.

Mitigation 59

Mitigation Product Addressing Automation 59

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Addressing these risks necessitates robust security measures, encryption, access controls, and breach response plans.

Privacy 130

Privacy Compliance Legal Best Practices 130

FloQast

MARCH 13, 2024

Without real-time visibility, addressing issues becomes a reactive rather than proactive endeavor. By highlighting these risks, we underscore the urgency for automation solutions that not only mitigate these dangers but also pave the way for enhanced efficiency, accuracy, and compliance in reconciliation processes.

Reconciliation 84

Reconciliation Automation Compliance Mitigation 84

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. Let’s dive deeper into risk management practices for PayFacs.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88