Fintech News

APRIL 28, 2024

In today’s digital age, customers are demanding seamless and personalized experiences when interacting with their banks, the report says. In the era of digitalization, banks are embracing the composable architecture to rapidly create and deploy new solutions tailored to meet evolving customer needs and market demands.

AI 112

AI Innovation Financial Crimes Crime 112

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Banks must assess their readiness to address interest rate-related risks and potential economic challenges.

AI 116

AI Risk Non-Bank On-Demand 116

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 112

Risk Management AI Risk Use Case 112

The Fintech Times

NOVEMBER 16, 2024

Through a recent survey, payabl found that 81 per cent of merchants expect to see growth in digital wallet usage, while 69 per cent expect open banking and instant bank transfers to gain popularity as consumer demand for convenient, secure payment options continues to grow.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

The Fintech Times

OCTOBER 12, 2024

Although this may not become a direct customer differentiator, challenger banks have increasingly come under the scrutiny of the FCA , meaning regulatory compliance and security will remain essential as they grow. “The industry and market move fast, and agility is key. .

AI 109

AI Addressing On-Demand Blockchain 109

Fintech Review

JANUARY 9, 2024

Prioritize Regulatory Compliance Photo by Sora Shimazaki on Pexels.com For fintech founders, one of the primary areas of focus should be regulatory compliance. Navigating this regulatory landscape can be challenging, but it’s paramount for success.

FinTech 64

FinTech Regulatory Compliance Compliance Regulations 64

Stax

FEBRUARY 5, 2024

Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Over time, they’ve evolved into strategic means, addressing industry-specific challenges and adapting to economic shifts. Let’s dive in. Learn More What are Surcharges? Peak time surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Fintech News

MARCH 10, 2024

In the dynamic landscape of Indonesia’s digital revolution, the exponential growth of digital payments has generated an increased demand for robust mobile app security solutions. Tailoring these practices to address the specific challenges enhances overall effectiveness.

Digital Payments 113

Digital Payments Security Data Encryption Encryption 113

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. “The main advantage of cryptocurrencies is nearly-instant settlement,” he said. “So,

Cryptocurrency 113

Cryptocurrency Cross-Border Compliance AML 113

Fintech News

JUNE 12, 2024

This agility allows them to swiftly respond to market demands and opportunities while significantly reducing costs associated with traditional card issuance methods. Regulatory compliance, scalability, and performance are likely to pose continued hurdles.

Credit Cards 109

Credit Cards Payment APIs and Integration Card Issuer Non-Bank 109

Fintech News

FEBRUARY 7, 2024

Regulatory reprimands and the path to redemption The Monetary Authority of Singapore’s (MAS) response was swift and stern, signalling the regulatory body’s dwindling patience with the bank’s repeated failings. The imposition of an additional capital requirement of approximately S$1.6

Non-Bank 105

Non-Bank Authorization Regulatory Compliance On-Demand 105

PYMNTS

FEBRUARY 25, 2020

Yet when Tipalti Co-founder and CEO Chen Amit stepped into the ecosystem to tackle accounts payable (AP) friction, he was frankly surprised that there hadn’t already been a solution designed to address the multitude of pain points businesses faced back in 2010 – and continue to face today. A Challenging Remedy for Obvious Pain Points.

Regulatory Compliance 73

Regulatory Compliance Cross-Border B2B Compliance 73

Fintech News

JULY 24, 2024

As financial services become more digitalised, they face increasing susceptibility to sophisticated cyber threats, demanding advanced security measures. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures.

Finance 119

Finance Risk Mitigation Automation AI 119

Fintech News

MAY 2, 2024

Customer Demand-Driven Regional Expansion Samarth Bansal, the General Manager of Wise Platform for the Asia Pacific region, emphasises the company’s customer-centric approach to expansion. As of FY23, Wise boasts 10 million active customers, a 34% year-over-year increase, and moves approximately £25 billion each quarter.

Cross-Border 111

Cross-Border Cross-Border Payments Push-to-Card On-Demand 111

Fintech Review

NOVEMBER 20, 2024

Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. What specific challenges in the cross-border payments industry does Almond FinTech aim to address, and how? Let’s dive in. Almond’s SOE puts end-users at the core of our mission.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

The Fintech Times

MARCH 25, 2024

From established hubs like Silicon Valley and London to burgeoning markets in Asia-Pacific and Latin America, a convergence of regulatory support, technological prowess, access to capital and entrepreneurial culture is fueling the evolution of insurtech solutions.

Innovation 111

Innovation Online and Mobile Banking On-Demand Technology 111

Fintech Finance

AUGUST 2, 2024

By tailoring machine learning models to specific client groups, it improves the precision of anomaly detection and ensures compliance with regulatory standards for each segment. Regulatory Compliance : Ensures ongoing compliance with global standards and simplifies regulatory reporting with automated report generation.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Open Banking Excellence

SEPTEMBER 27, 2024

Fintech and Open Banking hold the key to expand access to bank accounts and financial tools, addressing an unexploited market. With a progressive regulatory environment , and a growing demand for digital financial solutions , now is the perfect time to enter this dynamic market.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

Finovate

NOVEMBER 27, 2024

The strategic partnership will help businesses looking to expand from Europe to Asia, and vice versa, meet local regulatory compliance requirements with regards to KYC, KYB, and UBO. Photo by Avonne Stalling The post Signicat Partners with AsiaVerify to Help Businesses Meet Compliance Requirements appeared first on Finovate.

Compliance 64

Compliance APACS Regulatory Compliance Fraud Prevention 64

Finovate

OCTOBER 1, 2024

“The partnership between Kani Payments and Cardaq addresses significant industry challenges, including the implementation of automating reconciliations at pace, effective regulatory compliance, and fee apportioning. We are proud to do the heavy lifting of making complex data simple and standardized.”

Acquirers 52

Acquirers Reconciliation Regulatory Compliance Compliance 52

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. It's surprising to me that something like corporate standing is not part of compliance.". When the U.S.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

Stax

FEBRUARY 19, 2024

Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Horizontal SaaS refers to general-purpose software solutions that are applicable across industries and attract a diverse user base.

CRM 88

CRM Regulatory Compliance Compliance On-Demand 88

The Payments Association

NOVEMBER 12, 2024

The reality is that building an effective transaction monitoring system requires a profound understanding of regulatory compliance, technological integration, and operational functionality. Lower Maintenance Burden: Vendor handles updates, bug fixes, and compliance changes.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

FICO

MARCH 6, 2020

In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . Which use cases do you address? What do you do? What solutions do you have?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

APRIL 26, 2019

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. In the April edition of the Payments and the Platform Economy Playbook , PYMNTS examines how regulatory compliance changes are impacting the growth of the sharing economy. Welcome to the PYMNTS Weekender.

Bitcoin 70

Bitcoin Venmo B2B PayPal 70

PYMNTS

NOVEMBER 26, 2019

But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. Resuming Operations.

Compliance 73

Compliance Regulations FinTech Cross-Border Payments 73

The Fintech Times

OCTOBER 24, 2024

Most banks are prioritising investments in risk and compliance to prepare for these upcoming changes. In fact, 42 per cent of organisations are dedicating the majority of their budgets to regulatory compliance. It’s clear that this will be a demanding period with pressure mounting to meet deadlines and avoid potential fines.”

Instant Payments 59

Instant Payments ISO 20022 Fraud Detection ISOs 59

Seon

JUNE 20, 2024

This shift demands companies bolster their fraud detection and prevention capabilities to meet the new standards. As industry players brace for implementing these regulations, the focus remains on balancing regulatory compliance with operational efficiency.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Clearly Payments

SEPTEMBER 13, 2024

Market Overview of Payment Orchestrators The market for payment orchestration has been growing, driven by the increasing complexity of global payment systems and the demand for seamless, efficient payment processing solutions. In 2024, the market was valued at approximately $1.2 during the forecast period.

Payment APIs and Integration 79

Payment APIs and Integration Multi-Currency Payments Gateways 79

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. In today’s regulatory environment, compliance is not just about ticking boxes; it’s about ensuring your business operates within the law and meets all necessary standards.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

The Payments Association

SEPTEMBER 30, 2024

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. “We’re currently exploring new orchestration platforms to ensure we’re flexible enough to meet customer demands,” she explained.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

The Fintech Times

FEBRUARY 8, 2024

To deliver financial solutions that empower Latin America, we must address the region’s fragmentation with due diligence and recognise not only divergent demands from each country, but also the diverse needs of the banks and their respective stakeholders.

Product 69

Product Payment APIs and Integration Due Diligence Small Business 69

The Fintech Times

OCTOBER 5, 2024

Between September 2021 and November 2023, Starling opened over 54,000 accounts for 49,000 high-risk customers, despite agreeing to demands of the FCA. The fine, combined with the increased regulatory pressure, should serve as a strong motivator for Starling to prioritise improvements in its sanctions screening process.

Financial Crimes 83

Financial Crimes Crime Compliance Money Laundering 83

PYMNTS

NOVEMBER 23, 2016

“If the entire process wasn’t addressed correctly by the acquirer and processing platform, this could be a real challenge.” This allows banks to take care of compliance and protect clients, without having to build a solution from the ground up. Right now, however, the demand for real-time payments is here.

Real Time Payments 73

Real Time Payments Payer Faster Payments Payments 73

The Fintech Times

SEPTEMBER 13, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. So far this month, The Fintech Times has focused on compliance.

Compliance 72

Compliance FinTech Reconciliation Audit 72