Fintech News

JUNE 5, 2024

In the IEOM award-winning paper titled “Reimagining the Management of Outsourcing Life Cycles in the Fintech Era for Financial Services,” Dr Thng, together with SMU Doctor of Engineering candidate, Tristan Lim, introduced a novel outsourcing life cycle management model tailored to address the unique nuances of financial services more effectively.

FinTech 106

FinTech Mitigation Risk On-Demand 106

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny. For firms operating in the financial services sector, being publicly named as subjects of investigation can have significant reputational and business implications.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Fintech News

JULY 24, 2024

Additionally, human error remains a significant risk factor; as systems become more complex, the potential for misconfigurations or operational mistakes increases. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures.

Finance 117

Finance Risk Mitigation Automation AI 117

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

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security 52

Security Due Diligence Compliance Payments 52

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

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

Clearly Payments

FEBRUARY 3, 2024

By embracing BNPL, merchants can streamline transactions, improve cash flow, and broaden their customer base while offloading the complexities of payment processing and risk management to specialized BNPL providers. Provide responsive customer support to address inquiries promptly and nurture positive brand relationships.

BNPL 104

BNPL Payments Mitigation Best Practices 104

PYMNTS

JULY 24, 2020

Today, they’re managing this workload in a remote setting on top of a slew of other pressures facing organizations. So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Lackluster Risk Strategies. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

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 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

SEPTEMBER 6, 2017

But though there is evidence treasurers are stepping up to the plate, the research finds that not only are there ongoing risks that treasurers must address, many are not adequately doing so. Ninety percent agreed that the treasurer holds an important role as a “steward for risk management for the company.”.

Risk 43

Risk Treasury Treasury Management Risk Management 43

FloQast

NOVEMBER 20, 2023

An internal audit risk assessment helps prioritize auditing efforts by allowing auditors to focus on high-risk areas, ensuring they allocate resources efficiently to address the most critical issues. Changes in industry trends or new regulations can have a significant impact on an organization’s risk profile.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

PYMNTS

APRIL 27, 2016

Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging. But while companies explore new ways to handle this aspect of treasury, there are some mistakes treasurers make that allow FX risks to remain unseen. Where Treasurers Go Wrong.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

The Fintech Times

JUNE 11, 2024

We bring people, technology and commerce together with every payment, helping companies of all sizes navigate the often challenging world of foreign exchange, risk management, and compliance. We help our customers through these changes both at an operational and strategic level by assisting them with FX risk mitigation strategies.

Cross-Border Payments 59

Cross-Border Payments Compliance Cross-Border PayPal 59

Nanonets

FEBRUARY 12, 2024

As we embrace the advantages of automation, addressing transparency concerns becomes paramount, ensuring that borrowers understand the factors influencing their loan outcomes. No more waiting on hold or adhering to business hours—borrowers can now have their queries addressed instantly.

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

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

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. Risk management is also a key focus of contract management. Start strong:  Grab the reader's attention right from the beginning.

Gateways 52

Gateways RFP Value Added Service Compliance 52

Nanonets

APRIL 24, 2024

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

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

PYMNTS

MARCH 16, 2018

APIs enable FinTechs to address the particular points of friction in corporate finance, and financial institutions today have begun to understand that they can focus on their own core competencies while collaborating with other companies that have their niche specialties too. In the U.K.,

Treasury 53

Treasury Payment APIs and Integration API Treasury Management 53

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

PYMNTS

MARCH 2, 2016

Corporate treasurers continue to struggle with managing foreign exchange risk and exposure. A recent report by East & Partners found that SMEs are particularly challenged at addressing this issue, but it’s not a problem that discriminates based on company size. New analysis from Deloitte drives that point home.

Treasury 40

Treasury Risk Management Mitigation Risk 40

PYMNTS

MAY 22, 2018

And as treasurers embrace their strategic role and increase their presence in the boardroom, their reliance on technology for capital and liquidity management, as well as risk management, grows. Yet Brexit endures as an obstacle for the profession.

FinTech 49

FinTech Treasury Cybersecurity Liquidity Management 49

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

FICO

MAY 22, 2017

ESS enumerates many categories of known vulnerabilities, and associates them with corresponding risks through scores and reason codes. The order requires agencies to adopt the NIST framework, and report accepted risks as well as risk mitigation plans in the context of the NIST framework.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

PYMNTS

JULY 31, 2018

East & Partners’ analysis found that small businesses lack adequate FX risk mitigation strategies, and lack the necessary “knowledge, experience and product understanding” to manage their exposure to currency volatility.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Small Business Risk Mitigation 40

Nanonets

AUGUST 16, 2024

Risk mitigation and fraud prevention Fraud detection technologies have been instrumental in reducing the $40 billion annual cost of fraudulent claims in the U.S. alone​   Advanced automation tools incorporate features for fraud detection by ML algorithms that detect and flag suspicious patterns in claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

PYMNTS

OCTOBER 14, 2019

. “If you go a little deeper, into suppliers’ suppliers (Tier 2 and [Tier] 3 suppliers), then the risk increases.” ” Take the compliance risk, for example. That struggle to share information is among the largest barriers to supply chain risk mitigation, noted Vakil. ” Data Evolution.

Risk 53

Risk Risk Mitigation Innovation Mitigation 53

PYMNTS

OCTOBER 30, 2020

It's one of the biggest blind spots in supply chain risk management, said Allis. To address this pain point, Avetta recently rolled out Avetta Financial Risk , a collaboration with Experian that allows organizations to access financial metrics about their business partners. "It I need to be proactive there,'" said Allis.

Risk 73

Risk Third Party Vendors Risk Management Risk Mitigation 73

PYMNTS

JULY 15, 2019

Supplier risk and supply chain compliance company Sword GRC is collaborating with Brazil-based Procurement Garage to expand across Latin America, the companies announced in a press release Friday (July 12). Both buyers and suppliers are turning to technology to support their risk-mitigation efforts.

Risk 40

Risk Risk Management Risk Mitigation Best Practices 40

Core

FEBRUARY 6, 2024

The well-being of communities, and society as a whole, hinges on government organizations who provide essential services and address the needs of the public. That’s $281 billion diverted away from its intended use. According to the U.S. Such a framework can only work when multiple strategies are implemented at once.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

PYMNTS

MARCH 5, 2018

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. Payment Shifts. In the U.S.,

Risk 42

Risk Cross-Border Non-Bank Risk Mitigation 42

PYMNTS

SEPTEMBER 11, 2018

Those uncertainties, however, can increase foreign exchange rate volatility, according to Volopa ‘s Managing Director Graham Smith and Director of Business Development Jay Wissema. While businesses of all sizes are perking up to their exposure to FX volatility risk, not everyone is aware of how to address it.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Multi-Currency Risk Mitigation 40

PYMNTS

MAY 7, 2020

This week’s examination of the convergence of AR and AP systems explores how FinTech is stepping in between B2B transactions to foster that buyer-supplier relationship by addressing friction on both sides. Argos Risk, Gatekeeper Enable Third-Party Management. Fintainium, CIT Team For SMB Cash Flow.

Payer 60

Payer Digital Currency B2B Accounts 60

Nanonets

MARCH 12, 2024

Strategic Planning: Facilitates the formulation of actionable strategies to address gaps, optimize performance, and capitalize on opportunities. Risk Mitigation: Compliance Risk: Reduces the likelihood of non-compliance with industry and geographical financial reporting standards.

Process 52

Process Finance Reconciliation Compliance 52