Addressing, Risk Assessment and Risk Mitigation

Planning an Internal Audit Risk Assessment

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment

Risk Assessment Audit Assessments Risk

Singapore’s Money Laundering Report Flags Elevated Risks in Digital Assets, Banking

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

Money Laundering Risk Crime Law Enforcement

Why Banks Need FinTech To Address Their Own Complicated Treasuries

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

Treasury Addressing Treasury Management FinTech

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

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What SMBs Risk When They let Supply Chain Threats Linger

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Yet this use of external products and services further expands the so-called “attack surface” that exposes a company to an array of risks. ”

Risk

Risk Due Diligence Risk Mitigation Mitigation

Identity Risk Management: Strategic Approaches to Mitigate Risk

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management

Risk Management Mitigation Risk Identity Theft

Understanding Risk Management Strategies as a PayFac

Stax

JANUARY 8, 2024

This includes their name, date of birth, address, identity documents, etc. A sound and unambiguous risk management policy provides an effective starting point for all the subsequent actions at the managerial and operational levels. However, to implement an effective AML system, it is important to have effective KYC controls in place.

Risk Management

Risk Management Risk Money Laundering Mitigation

Understanding Risk Management Strategies as a PayFac

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

Risk Management Risk Regulatory Compliance Due Diligence

FCA’s move to faster and more transparent enforcement

Neopay

MARCH 4, 2024

Neopay’s suite of services encompasses regulatory compliance, risk assessment, training, and ongoing support, enabling firms to stay abreast of evolving regulatory landscape and proactively address compliance challenges.

Compliance

Compliance Mitigation Risk Mitigation Risk Assessment

The Role of Risk Orchestration in Enhancing Financial Institution Agility Against Emerging Threats

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “This necessitates a complementary risk identification and mitigation effort involving AML and fraud.

Risk

Risk Financial Crimes AML Risk Management

Mastering the Art of Vendor Selection: A Friendly Guide

Nanonets

SEPTEMBER 22, 2023

Effective vendor management contributes to cost optimization, risk mitigation , and quality assurance. Risk mitigation : Thorough vendor evaluation and ongoing monitoring can minimize the risks associated with disruptions, delays, or subpar product or service quality.

Risk Mitigation

Risk Mitigation Mitigation Risk Assessment Assessments

Insurers Take The Guesswork Out Of Small Business Cyber Insurance

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Technology, Partnerships Address the Gaps. ”

Small Business

Small Business Underwriting Risk Cybersecurity

10 Ways We Make the Cybersecurity Executive Order Actionable

FICO

MAY 22, 2017

While a few have been critical that it was not bold enough, most reviewers seem to be endorsing the main message, both for what it does (initiating broad self-assessments by agencies), and for what it does not do (consolidate all accountability in the DoD). This, of course, requires an assessment of risk.

Cybersecurity

Cybersecurity Risk Assessment Assessments Risk

FCA Authorisations: How are things changing? Are things improving?

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

Financial Crimes Money Laundering Compliance Crime

What is financial data analysis?

Nanonets

JULY 25, 2023

Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks. Through techniques like variance analysis, sensitivity analysis, and stress testing, analysts can identify potential risks and their impact on financial outcomes.

Financial Analysis

Financial Analysis Payment APIs and Integration Assessments Automation

Is The Great Contraction Coming Soon To Alt Lending?

PYMNTS

JUNE 14, 2016

And yet livestock was the go-to metaphor for Pat Grady of Sequoia Capital when he addressed a FinTech conference recently. . While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower.

Risk

Risk Risk Mitigation Risk Assessment Authorization

How to Automate Insurance Claims Processing

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation

Automation Process Fraud Detection Payment APIs and Integration

Payments Space

Planning an Internal Audit Risk Assessment

Singapore’s Money Laundering Report Flags Elevated Risks in Digital Assets, Banking

Why Banks Need FinTech To Address Their Own Complicated Treasuries

Webinars

What SMBs Risk When They let Supply Chain Threats Linger

Identity Risk Management: Strategic Approaches to Mitigate Risk

Understanding Risk Management Strategies as a PayFac

Understanding Risk Management Strategies as a PayFac

FCA’s move to faster and more transparent enforcement

The Role of Risk Orchestration in Enhancing Financial Institution Agility Against Emerging Threats

Mastering the Art of Vendor Selection: A Friendly Guide

Insurers Take The Guesswork Out Of Small Business Cyber Insurance

10 Ways We Make the Cybersecurity Executive Order Actionable

FCA Authorisations: How are things changing? Are things improving?

What is financial data analysis?

Is The Great Contraction Coming Soon To Alt Lending?

How to Automate Insurance Claims Processing

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