The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices AI 59

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 52

Risk Management Mitigation Risk Identity Theft 52

The Fintech Times

JULY 29, 2024

They invest in advanced cybersecurity protocols to safeguard sensitive information and employ AI-driven algorithms for continuous monitoring and risk mitigation. This cooperation drives innovation and facilitates smoother transitions for customers adopting new technologies.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

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

Stax

AUGUST 22, 2024

Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks. Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

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. This includes their name, date of birth, address, identity documents, etc.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

JANUARY 22, 2019

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management Reconciliation Risk Mitigation Automation 73

PYMNTS

DECEMBER 5, 2018

million patients may have been exposed, all thanks to a data breach at one of its vendors, healthcare technology provider AccuDoc Solutions. Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk.

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

The Finance Weekly

OCTOBER 15, 2023

This article can help CFOs see the exciting opportunities of Generative AI, while also understanding the risks involved. It allows CFOs to predict market trends and offer innovative financial solutions using AI technology. Focus on increasing revenue first, as it's easier to measure, then focus on cost reduction and risk mitigation.

AI 52

AI Risk Automation Data Security 52

The Fintech Times

JUNE 3, 2024

But that hasn’t stopped the Buy Now Pay Later (BNPL) specialist pushing ahead with generative AI (genAI) and the technology behind it: large learning models (LLMs). In doing so, it can act as a visual guide to the technology’s operational layout post-implementation.

AI 69

AI Risk Mitigation Assessments Consulting 69

Nanonets

MAY 31, 2023

Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. AI can help mitigate these issues. Organizations may face challenges in hiring, training, and retaining AI talent.

AI 122

AI Finance Fraud Detection Mitigation 122

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

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology.

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

APRIL 9, 2019

However, the intrinsic link between trade finance and trade credit insurance offers an opportunity for providers of trade credit, according to Glenn Kocher, managing director of global trade finance technology firm LiquidX. But I think, for a number of reasons, you start to see the two go more hand in hand.” Combining Forces.

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

PYMNTS

NOVEMBER 10, 2017

Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and risk mitigation technologies. Purchase Finance addresses this by enabling businesses to pay their suppliers directly, using a funding line from Ultimate Finance, who can pay the supplier directly.”.

Finance 40

Finance Risk Mitigation Mitigation B2B 40

PYMNTS

JANUARY 26, 2018

Enterprise transactions are full of friction and risk,” said CapLinked CEO Eric M. While Ripple and other decentralized technologies are addressing payments, the transfer of funds is only a small part of a B2B transaction.

Blockchain 62

Blockchain Transactions B2B API 62

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

PYMNTS

NOVEMBER 19, 2018

Launched in June 2018, the Faster Payments Playbook Project Team is comprised of nearly 60 volunteers made up of a diverse set of participants including financial institutions, technology providers, associations, networks and businesses. The meeting, which took place last month during the larger Alliance meeting in Washington, D.C.,

NACHA 63

NACHA Faster Payments Risk Mitigation Payments 63

PYMNTS

NOVEMBER 6, 2018

Technology developed by Bloomberg is now being used by Shell ‘s Foreign Exchange Central Treasury unit to interconnect the fuel conglomerate’s operating units across 22 markets, the companies revealed Monday (Nov.

Treasury 53

Treasury Treasury Management Risk Mitigation Blockchain 53

Fi911

AUGUST 31, 2023

The Truth in Lending Act was intended to address the lack of transparency and standardization in disclosing consumer credit terms and costs. Section B: Addresses open-ended credit products. Risk Mitigation Complying with TILA reduces the risk of litigation and regulatory fines.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Non-Bank Online and Mobile Banking 52

PYMNTS

OCTOBER 8, 2020

We started Retirable to address America's advice gap,” End told PYMNTS in a recent interview. Retirable uses a mix of technology and human experts to particularly help 50+-year-old pre-retirees create financial plans. “But And so in this stage, a lot of the talk is about risk mitigation versus taking on risk.”. “We

AI 90

AI Social Security Risk Mitigation Risk 90

PYMNTS

MAY 2, 2019

A press release this week said Citi is collaborating with EY and SAS on its NextGen project, which will include the development of a risk analytics scoring engine that uses AI to address friction in reviewing global trade transactions. NextGen aims to accelerate this initiative to further automate manual processes in the trade space.

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

FICO

SEPTEMBER 16, 2020

FICO’s Integrated AML Compliance Survey has revealed that while the vast majority of banks in more than 11 countries around the Asia Pacific region believe that AI will strengthen anti-money laundering efforts, many remain unsure how to operationalize the advanced technology. Investment in compliance technology.

Money Laundering 52

Money Laundering Financial Crimes AI APACS 52

Nanonets

APRIL 24, 2024

Follow-Up and Implementation : After presenting the audit report, the auditor may work with management to address any identified deficiencies or areas for improvement. Furthermore, 94% of executives perceive that this technology enhances the overall client experience.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

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

PYMNTS

APRIL 27, 2016

A recent report from Deloitte explores how to increase the corporate treasurer’s confidence in mitigating FX risk at their companies, a task the firm said largely depends on identifying less obvious areas of risk exposure. Deloitte highlighted a greater margin of error and more time connected to manual risk analysis processes.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

PYMNTS

NOVEMBER 2, 2016

InAuth, the device authentication and intelligence company, and Early Warning, the real-time payments, authentication and risk mitigation company, announced Tuesday (Nov. The network addresses security concerns, interoperability problems and delays in funds availability common in today’s P2P services.

Zelle 62

Zelle Real Time Payments Authentication Risk Mitigation 62

PYMNTS

JUNE 14, 2019

Banks’ risk appetite has lowered, while regulations, some financial institutions argue, have forced financiers to reallocate resources to compliance and risk mitigation efforts, draining the trade finance pot. Geopolitical issues like Brexit and trade disputes have complicated the risk factor as well.

Finance 40

Finance Payment APIs and Integration API Mitigation 40

PYMNTS

MARCH 10, 2020

In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs. Asymmetric Information Exchange. Improving The SMB Lending Experience.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

Segpay

OCTOBER 4, 2023

Adhering to the laws and regulations of multiple jurisdictions can be challenging and increase the risk of non-compliance. Rapid Changes in Online Marketing: Online marketing practices and technology are evolving rapidly. Reputation Risks: Non-compliance can damage the reputation of both merchants and affiliates.

Security 52

Security Due Diligence Compliance Payments 52

Nanonets

FEBRUARY 12, 2024

In the age of relentless technological advancement, artificial intelligence has emerged as the unsung hero, revolutionizing industries one algorithm at a time. As we embrace the advantages of automation, addressing transparency concerns becomes paramount, ensuring that borrowers understand the factors influencing their loan outcomes.

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

MARCH 25, 2020

Australian corporate card provider Archa announced a collaboration of payment and open banking technology firm i2c to debut a new corporate credit card program in the country designed to address key pain points for small and medium-sized businesses (SMBs). Archa Collabs With i2c in Australia. ”

Commercial Card 46

Commercial Card Innovation Cross-Border Cross-Border Payments 46

Neopay

JUNE 27, 2024

Taking steps to overcome some of the problems firms have experienced in the last few years, it has taken on more staff, improved technology and digitized parts of the authorisation process. 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

PYMNTS

DECEMBER 11, 2018

A new report from consulting firm Protiviti finds corporate c-level executives have shown a sudden spike in their concern over the “digital readiness” of their organizations, particularly as older companies struggle to embrace technology and compete with “born digital” players. ” A Closer Look At The Risks. .

Mitigation 65

Mitigation Risk Risk Mitigation Research 65

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49