PYMNTS

JUNE 18, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, announced this week that it’s expanding its geographical footprint and establishing new offices in regions of interest, which has included strategic hires and reappointments.

Risk Assessment 51

Risk Assessment Assessments Risk APACS 51

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

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

Neopay

MARCH 7, 2024

In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1 firms. It is imperative for these firms to promptly address any identified shortcomings to align with regulatory expectations. These must be addressed.”

AML 52

AML Financial Crimes Crime Risk Assessment 52

Fintech Review

MAY 7, 2024

Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. It also enhances trading strategies significantly.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

VISTA InfoSec

MARCH 6, 2024

Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Terminology Uses "timely detection and reporting" Shifts to "prompt detection, alerting, and addressing", emphasizing a quick response. Maintains the risk assessment step.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Environmental crimes, such as illegal wildlife trafficking and illegal logging, generate an estimated US$110 billion to US$281 billion in criminal gains annually.

Money Laundering 83

Money Laundering Crime Risk Law Enforcement 83

Neopay

MARCH 5, 2024

The Financial Action Task Force (FATF) convened its February plenary from 21 to 23 February 2024, addressing crucial issues concerning money laundering, terrorism financing, and proliferation financing. Firms are advised to update their internal jurisdiction lists accordingly.

AML 52

AML Risk Assessment Money Laundering Assessments 52

Seon

JUNE 24, 2024

By adopting proactive measures such as continuous monitoring, real-time analytics, and comprehensive risk assessment protocols, organizations can layer their defenses against identity-related threats. The following details a five-step process.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Neopay

JULY 4, 2024

Actions taken : Describe actions taken to address any risks or issues identified. Risk assessments : Document actions taken as part of Business Wide Risk Assessments (BWRA) or Enhanced Risk Assessments (EWRA). Compliance monitoring plans : Output of monitoring activities related to the Duty.

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

Neopay

MAY 7, 2024

The proposed updates to the Financial Crime Guide (FCG) are multifaceted, each aimed at addressing specific challenges and aligning with emerging trends in financial crime prevention. This includes references to the travel rule and updates to sections on risk assessment and fraud.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI is pioneering a new era in fraud prevention. In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

Fintech News

MARCH 31, 2024

These institutions will participate in the initial phase of the platform, which currently focuses on addressing three main risks: the misuse of legal entities, trade finance exploitation for illicit purposes, and proliferation financing.

Financial Crimes 80

Financial Crimes Crime Money Laundering Law Enforcement 80

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 86

Money Laundering Risk Crime Law Enforcement 86

Fintech Labs Insights

OCTOBER 13, 2015

In the agreement, both companies will leverage the other’s unique security layer to combine email risk assessment with fraud scoring. Emailage, which debuted at FinovateSpring 2015 , offers a tool that assesses the risk associated with an email address. Feedzai made its European debut at FinovateEurope 2014.

Risk Assessment 26

Risk Assessment Assessments Risk Fraud Prevention 26

Neopay

MAY 31, 2024

Click here to enlarge How Neopay can help At Neopay we offer specialised expertise and solutions to address the identified weaknesses in AML/CFT measures in payment institutions.

Financial Crimes 52

Financial Crimes AML Money Laundering Crime 52

Fintech News

MARCH 3, 2024

Cindy, who brings over three decades of experience in the compliance sector, will spearhead the company’s efforts in regulatory compliance, policy formulation and execution, risk assessment, and business advisory to support FOMO Group’s expanding operations. She has previously served as the Chief Control Officer at Bank J.

Compliance 86

Compliance AML Regulatory Compliance Money Laundering 86

PYMNTS

APRIL 28, 2019

Set up in 2016 by companies including Google, Microsoft, Amazon and Facebook, The Partnership on AI released a report that stated algorithmic risk assessment tools cannot properly provide the right level of transparency and accountability. This report documents the serious shortcomings of risk assessment tools in the U.S.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

Fintech Finance

AUGUST 2, 2024

By evaluating daily transactional data, it assigns personalized scores and ranks clients based on their behavior, helping financial institutions prioritize risks and identify emerging trends, thereby enhancing the accuracy of risk assessment.

Instant Payments 64

Instant Payments Transactions Payment APIs and Integration Compliance 64

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. said Vyacheslav Zholudev, CTO and co-founder of Sumsub.

APACS 80

APACS Fraud Prevention Deepfake Account Takeovers 80

The Fintech Times

FEBRUARY 8, 2024

Behind every headline-grabbing exposé lies a crucial lesson: the importance of preemptive action to address internal issues before they spiral into external crises. Founded by Pav Gill , the whistleblower behind the Wirecard scandal, Confide empowers organisations to preemptively address internal issues before they escalate to external leaks.

Risk Management 59

Risk Management Government Governance Risk Assessment 59

FloQast

APRIL 8, 2024

Addressing material weaknesses is not just a legal requirement but a cornerstone of corporate governance and ensuring investor confidence, no matter the company size. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Fintech News

SEPTEMBER 9, 2024

These companies are leveraging their strong European foundations to address local needs and adapt to regional regulatory environments. The company aims to address the challenges faced by Japanese investors, including the lack of comprehensive screening information.

APACS 91

APACS FinTech Assessments Cross-Border 91

PYMNTS

SEPTEMBER 29, 2017

In a survey released earlier this year by the American Bankers Association (ABA), analysts found that banks are struggling with the regulations that impact their field — and are adjusting their risk management strategies accordingly.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

VISTA InfoSec

OCTOBER 20, 2023

While entities can choose their methods for HIPAA disaster recovery planning, HIPAA mandates basic requirements in section 164.308(a)(7)(ii) , requiring organizations to address certain aspects. Testing and Revision Procedures (Addressable) : Enforce strategies for regular testing and modification of contingency plans.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

The Fintech Times

MARCH 29, 2024

From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “Fraudulent claims are a key concern for every insurance company. .”

Risk Assessment 59

Risk Assessment Underwriting Assessments Risk 59

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

The Fintech Times

JANUARY 17, 2024

Easy access to AML risk assessment solutions by Minerva helps ensure partners and customers are in compliance with the latest regulations and are proactively protected from financial crime. The channel programme is ideal for organisations looking to resell, cosell, integrate, or refer Minerva’s AML solution to customers.

AML 59

AML Financial Crimes Crime Money Laundering 59

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Neopay

JUNE 27, 2024

This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FICO

JUNE 23, 2023

The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. The validation results for FICO Score 10 T demonstrate improved credit risk prediction for this segment of the population.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

Nanonets

FEBRUARY 9, 2024

The ICFR offers an enhanced series of recurring and periodic oversight protocols to help ensure the company is doing the right thing consistently while also demanding an internal risk assessment look at areas of possible concern so the company can pay special attention to them between audit and reporting periods.

Audit 52

Audit Risk Assessment Assessments Procedures 52

The Paypers

MARCH 8, 2017

(The Paypers) Assessing the fraud risk associated with an email addresses is an effective way to identify card-not-present fraud and identity theft

Assessments 28

Assessments Risk Assessment Identity Theft Fraud Prevention 28

Fintech Review

FEBRUARY 13, 2024

Regulatory Frameworks Developing adaptable regulatory frameworks is essential in addressing the rapid pace of fintech innovation while ensuring consumer protection. Traditional financial regulations often fall short in addressing the unique challenges presented by fintech innovations.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Finovate

MAY 14, 2024

By addressing gaps in current legacy systems’ AML and client screening solutions – and extending their shelf life – Napier’s technology enables organizations to enhance the performance of their current fraud prevention processes. .” Founded in 2015 and headquartered in London, U.K.,

AI 59

AI Transactions Financial Crimes Crime 59

The Fintech Times

APRIL 26, 2024

In fact, many do not think they are addressing the practicalities of modern AML operations as a result of current and upcoming AML regulations. In its report, titled EMEA AML Survey 2024: Spotlight on Effectiveness , PwC reveals that many organisations do not feel they have adequate AML operations.

AML 59

AML Regulations Financial Crimes Money Laundering 59

VISTA InfoSec

JULY 31, 2023

If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business. It is then up to the business to engage a consultant or take other appropriate measures to address the areas of non-compliance. and prepare your organization for any changes.

PCI DSS 130

PCI DSS Security Encryption Compliance 130