PYMNTS

MARCH 23, 2020

“But at the same time, they have all lacked a credible tool to conduct an assessment of these [SMBs] in an independent way.” “We’re be able to source directly from current accounts and have an [SMB] risk score calculated on a daily basis — that’s really amazing.” Expanding The Data Scope.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

Nanonets

DECEMBER 13, 2023

AI systems, particularly those incorporating machine learning, can adapt to new regulatory requirements by learning from updated datasets and adjusting their processes accordingly. Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns.

AI 102

AI Process Fraud Detection Compliance 102

Neopay

MAY 7, 2024

The FCA is also looking to incorporate references to cryptoassets and the Consumer Duty, alongside consequential adjustments throughout the guide. The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

OCTOBER 23, 2024

Its unique methodology involves monitoring of approval rate spikes and drops, analysing rejection patterns per channel, card type, merchant, and other parameters, and making timely adjustments in the processing system. Sophisticated payment pathways also apply to fleet acquiring.

Acquirers 107

Acquirers C2B Online and Mobile Banking Risk Assessment 107

Nanonets

SEPTEMBER 27, 2024

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. These include customer applications, financial records, medical reports, and external risk assessments such as geographic or weather-related data.

Underwriting 52

Underwriting Automation Risk Assessment Assessments 52

The Fintech Times

AUGUST 28, 2024

Adjusting to MiCA The MiCA regulation aims to foster the use of innovative technologies by setting a regulatory framework that covers crypto-assets (including stablecoins ), crypto-assets issuers and crypto-asset service providers to protect the rights of holders in the EU.

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

Neopay

DECEMBER 5, 2024

It also introduces new self-assessment questions and emphasises the importance of senior management accountability. Proliferation Financing (PF) In response to the 2022 changes in the Money Laundering Regulations (MLRs), the Guide now explicitly addresses the need for firms to conduct PF risk assessments.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

FICO

MARCH 24, 2021

Apart from identifying money laundering and terrorist financing risks in trade transactions, organizations must also think about potential anti-bribery and corruption concerns, as being pressured to pay bribes can lead to FCPA (Foreign Corrupt Practices Act) violations and hefty fines. . Set clear and realistic priorities.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Fintech News

MAY 16, 2024

FWD Singapore In Singapore, the insurtech sector is leveraging artificial intelligence (AI)-driven risk assessment to transform the insurance industry.

Online and Mobile Banking 108

Online and Mobile Banking Innovation Blockchain Fraud Detection 108

Seon

JUNE 24, 2024

A critical aspect of cybersecurity, the fundamentals within this realm center on three main components: identifying, assessing and mitigating risks associated with digital identities and access controls across an organization. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. For many, that means risk assessments conducted only once a year, a single executive in charge of managing thousands of vendor relationships, and companies that lack visibility into how many suppliers they have.

Risk Management 59

Risk Management Risk Assessments Risk Assessment 59

Fintech News

APRIL 17, 2024

AutoWealth’s personalised risk assessment ensures that investors are matched with portfolios that align with their risk tolerance and investment goals. The platform offers globally diversified portfolios invested in low-cost Exchange Traded Funds (ETFs), providing investors with exposure to a broad range of asset classes.

Advisors 122

Advisors Online and Mobile Banking Risk Returns 122

PYMNTS

OCTOBER 5, 2020

The company aims to eliminate the confusion related to cybersecurity audit and certification processes by assisting companies in scoping correctly-sized audits and dynamically adjusting controls. Chief financial officers (CFOs) have been having a tough time amid the pandemic.

Cybersecurity 56

Cybersecurity Audit Risk Assessment Encryption 56

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. One promising application is in ‘nowcasting’ – using real-time data to assess current economic conditions.

Central Bank 96

Central Bank AI Correspondent Bank Correspondent 96

Clearly Payments

JANUARY 8, 2024

In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 68

Risk Management Risk PCI DSS Process 68

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

FEBRUARY 9, 2024

In addition to validating management's understanding of their responsibility, 404A also requires an objective assessment of the company's ICFR. An assessment of how adequate internal controls were for the preceding period. A methodology statement detailing how the company determines control efficacy. What is an ICFR Audit?

Audit 52

Audit Risk Assessment Assessments Procedures 52

The Fintech Times

MARCH 12, 2024

. “The use of targeted geospatial data at point of quote through data enrichment or in map form through geospatial data visualisation tools such as LexisNexis® Map View, is helping to identify customers and properties at present or future risk – from flood to subsidence to windstorm activity.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

Seon

APRIL 11, 2024

Speak with an Expert Enhancing Risk and Fraud Assessment Through FRAML When a risk team needs to assess an individual, they would first look into traditional AML checks, such as sanctions, politically exposed persons (PEPs), and crime and financial watch lists for hits to inform their investigation.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. Artificial Intelligence (AI): AI is transforming the landscape of internal audit, empowering auditors with intelligent tools that revolutionize risk assessment, anomaly detection, and predictive modeling.

Audit 52

Audit Automation Risk Assessment Bots 52

PYMNTS

NOVEMBER 26, 2018

In addition to assessing how many members of the C-Suite have accounting experience, the researchers looked at other data points, including executive pay, complexity of company finances, financial performance and more. Newton of Florida State University examined data from 3,252 public companies over a 10-year period.

Compromise 51

Compromise Accounts Audit Risk 51

FloQast

APRIL 8, 2024

Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. This involves identifying potential risk areas, evaluating their likelihood and impact, and implementing mitigation measures.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Nanonets

AUGUST 1, 2023

Risk Assessment: Audit automation helps auditors assess risks more effectively by identifying potential red flags and areas of concern within the data. It enables a more comprehensive and targeted risk assessment process. This iterative approach drives continuous improvement in audit practices.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

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

Nanonets

JUNE 12, 2024

KPIs serve as quantifiable measures that help businesses track and assess the efficiency of various supply chain activities. Adaptive Smoothing : An advanced version of exponential smoothing that adjusts weights based on data fluctuations. Start by understanding your business's primary goals.

Automation 52

Automation Adjustments Risk Assessment Process 52

FICO

FEBRUARY 15, 2017

Each customer is a mixture of these archetypes and in real time these archetypes are adjusted with financial and non-financial activity of customers. FICO’s real-time and dynamic KYC risk assessment and SARs-filing capabilities are unmatched in the market today. Multiple ways for adopting analytics using Siron®.

AML 67

AML AI SARS Money Laundering 67

PYMNTS

AUGUST 3, 2017

Adjusted earnings were seven cents versus two pennies a year ago. The card readers that have become synonymous with the company helped bring adjusted revenue growth acceleration from 39 percent in the first quarter to 41 percent in the second quarter. Risk assessment takes place for almost all transactions, he said. .

Volume 40

Volume Process Adjustments Payments 40

PYMNTS

AUGUST 1, 2019

Adyen allowed KiwiCo to develop a number of tools that flag and analyze transactions, including a risk assessment profile that assigns scores to orders based on how likely they are to be fraudulent. The company can use them to define acceptable risk levels and adjust security measures in ways that do not alienate customers.

Security 43

Security Account Takeovers Risk Assessment Risk 43

FICO

APRIL 24, 2023

Trust combines this fast onboarding journey with comprehensive risk assessment by using predictive models, analytics and parameters built into its decision engine. We combine risk management fundamentals with data science and customer segmentation to help us arrive at optimum risk outcomes,” said Lohia.

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

Nanonets

SEPTEMBER 27, 2024

In the insurance industry, STP translates to automating various processes such as financial credibility assessment, KYC/Identity verification, underwriting, and claims processing. to assessment, verification, and settlement. Claims Processing Claims processing is perhaps the most visible and impactful area where STP can be implemented.

Process 52

Process Underwriting Automation Database 52

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 52

Automation Process Fraud Detection Payment APIs and Integration 52

FICO

FEBRUARY 5, 2018

Even more critical, control capabilities must include agility to quickly adjust to rapidly changing attack vectors, complemented with a layered approach where prevention control capabilities are integrated with detection control capabilities in order to minimize loss severity and increase application approval rates.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

Nanonets

JANUARY 11, 2024

The platform's automation capabilities facilitate smooth workflows, allowing for order adjustments and inventory management based on specific criteria. Streamlined Project Progress: Project timelines can be adjusted based on the latest shipping updates. Utilize one of the order's Custom Fields to display this assessment.

API 52

API Automation Database Point-of-Sale (POS) 52

FICO

FEBRUARY 6, 2017

As the gold standard in credit-bureau-based credit risk assessment, FICO Scores play a critical role in the securitization of asset-backed securities such as auto loans, telco contracts and GSE-backed mortgages. When a 700 Isn’t a 700. As articulated in a prior Truth Squad entry , consumers with very sparse credit bureau files (e.g.

Credit Risk 40

Credit Risk Risk Assessment Risk Payer 40

PYMNTS

APRIL 30, 2020

Getting the payment offerings right can be bumpy, and they may need constant adjustments. Merchants that connect to POPs can gain access to many payment types and providers around the globe while also receiving payment-related services like transaction routing, analytics, checkout optimization and risk assessment.

Cross-Border 52

Cross-Border Credit Cards Payments Online and Mobile Banking 52

Fintech Labs Insights

MAY 13, 2015

Next, Kofax showed how its Mobile Capture Platform on-boards customers in real time: “Kofax is demonstrating how its Mobile Capture Platform can onboard customers with the right product at the right time with the right risk assessment profile in a completely automated fashion. adjusted EBITA. in revenue, $46.3M

Risk Assessment 21

Risk Assessment Adjustments Assessments Authentication 21