Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech 108

FinTech Mitigation Risk On-Demand 108

PYMNTS

MAY 26, 2020

The seasonally adjusted number of new houses sold last month totaled 623,000, down from 664,000 in April 2019. Housing was showing signs of momentum before the pandemic and is poised to lead the economic recovery as virus mitigation efforts take hold and more states take gradual steps to reopen.”. As home sales fell, so did prices.

Mitigation 95

Mitigation Adjustments Economy On-Demand 95

FloQast

MARCH 13, 2024

Delayed Detection of Discrepancies : The lack of automation leads to delayed detection of discrepancies, leaving accounting teams vulnerable to last-minute adjustments and incomplete reconciliations. Without automated matching processes, accounting teams are susceptible to inaccuracies that could have severe financial implications.

Reconciliation 87

Reconciliation Automation Compliance Mitigation 87

PYMNTS

AUGUST 14, 2020

The eCommerce landscape is shifting on multiple fronts, with sellers embracing digital channels and adjusting their business models to a new reality of customer demands.

Treasury 118

Treasury Payment APIs and Integration B2B B2C 118

PYMNTS

OCTOBER 7, 2020

Levi reported that company online shopping revenue growth of 52 percent partly mitigated the drop. As for its overall results, Levi reported adjusted diluted earnings per share (EPS) of 8 cents on reported revenues of $1.1 reported on Wednesday (Oct. Executive Vice President and CFO Harmit Singh said in the announcement.

CHIPS 80

CHIPS Mitigation Adjustments Participant 80

The Fintech Times

AUGUST 21, 2024

“The ability to automate rate adjustments based on inventory, special events, and seasons makes setting competitive pricing effortless. ” Automation and risk mitigation Automation in property management is helping to cut costs and enhance efficiency, but it’s also playing a vital role in risk mitigation.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. While blackbox ML can deliver rapid fraud scores, its opaque nature offers little insight into the decision-making process, making refining or adjusting risk thresholds challenging.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Risk Mitigation: Since BNPL providers assume the risk of non-payment, merchants are protected from default or chargeback issues, reducing their financial exposure.

BNPL 79

BNPL Payments Mitigation Best Practices 79

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Plans are in place to address the requirements and limitations contained in the consent orders, including adjustments to the Bank’s U.S.

AML 98

AML BSA Money Laundering Financial Crimes 98

PYMNTS

DECEMBER 22, 2020

Success in the shifting post-pandemic global business world will require companies to adjust their order-to-cash (O2C) processes from top to bottom. Introducing solutions that can mitigate those frictions is thus becoming more important to businesses of all sizes.

Cross-Border 94

Cross-Border Innovation B2B Automation 94

The Fintech Times

FEBRUARY 22, 2024

.” blip is also working with McLarens , a global claims services provider sharing blip’s focus on delivering quality outcomes for clients, to provide cross-class third-party administration and loss-adjusting services. We’re delighted to be partnering with the blip team to support the SME market.”

Small Business 69

Small Business Adjustments End User Mitigation 69

Fintech News

OCTOBER 22, 2024

Respondents also said they had adjusted their transaction limits to reduce the impact of fraud losses (53%), enhanced security on their banking apps (40%), undertaken security audits of their mobile banking infrastructure (32%), and partnered with network operators or device makers to enhance security (26%). A further 12.8%

APACS 120

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 120

PYMNTS

JULY 8, 2020

“The reality is that many banking processes aren’t yet able to fully take advantage of the cloud, and are relying on systems that can’t automatically adjust capacity.” . Winning over net new digital converts and servicing them through lower-cost channels can help mitigate some of the economic pain from the ongoing pandemic.

Mobile Deposit 70

Mobile Deposit Adjustments Volume Addressing 70

PYMNTS

JANUARY 24, 2019

Alster said current market conditions, like the global economic slowdown and trade disputes, have forced businesses to adjust their supply chains, which, consequently, changes firms’ risk exposures. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Segpay

FEBRUARY 21, 2024

This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity. This automation accelerates response times, which is crucial in mitigating the impact of security breaches.

AI 89

AI Innovation Fraud Detection Encryption 89

Fintech News

FEBRUARY 21, 2024

Navigating Concerns and Providing Clarifications In response to industry feedback, MAS has undertaken to provide necessary clarifications and adjustments to the proposed amendments, particularly those pertaining to its investigative powers.

Financial Crimes 112

Financial Crimes Crime Authorization Consulting 112

PYMNTS

MARCH 23, 2020

” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

MAY 27, 2020

CUs are also faced with the challenge of how to adjust their operations to match new legal regulatory requirements, such as those stipulated in the CARES Act, and the Credit Union National Association (CUNA) hopes to help.

ATM 97

ATM Innovation Credit Union Mobile Banking 97

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

PYMNTS

JUNE 25, 2020

Understanding how every dollar is being spent today, and whether that spend can be strategically adjusted to promote resiliency into the future, are conversations businesses are beginning to hold with their financial services providers, said Barker. Mitigating Risk.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates.

Risk 59

Risk AI Risk Assessment Assessments 59

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

EBizCharge

DECEMBER 18, 2024

Here are four main functions and purposes of clearinghouses: Risk mitigation: The clearinghouse aims to mitigate risk by ensuring each party fulfills its obligations to reduce the chances of a party defaulting. These clearinghouses provide stability and mitigate risk in futures markets.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

PYMNTS

JANUARY 24, 2019

Some experts have warned that government entities’ focus on procurement cybersecurity could lead vendors, particularly small contractors, to lose out on business if their own cybersecurity and supply chain risk mitigation initiatives are subpar.

Cybersecurity 61

Cybersecurity Governance Government Risk Mitigation 61

PYMNTS

MAY 28, 2020

Seven out of every 10 SMBs have either added new digital capabilities or enhanced their existing digital services during the 10 weeks since the COVID-19 pandemic began, in fact, and many more changed the way they operated to reduce costs and mitigate the cashflow crunch following the outbreak.

Economy 73

Economy Innovation Mitigation Adjustments 73

PYMNTS

APRIL 22, 2020

Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however. Insurance companies have set up some capabilities to help users process claims quickly and with fewer interactions with adjusters, and they may have been successful in that regard.

AI 80

AI Fraud Prevention Adjustments Automation 80

PYMNTS

DECEMBER 30, 2020

The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential contagion. In-branch operations will also likely need to be adjusted to account for the new post-pandemic paradigm. . Lessons To Take Moving Forward .

Online and Mobile Banking 96

Online and Mobile Banking Void Mobile Banking On-Demand 96

EBizCharge

NOVEMBER 21, 2024

Businesses can also mitigate delays by implementing a practical timeline to process payments. Mitigate delays with a payment processing timelineUnderstanding the payment processing timeline is crucial for merchants to effectively manage cash flow and generate more revenue.

Procedures 52

Procedures Mitigation Payments Wire Transfer 52

PYMNTS

NOVEMBER 19, 2020

There is a balance that must be struck between an agile procure-to-pay process and ensuring proper risk mitigation tactics. Not only do buyers want to mitigate their supply chain risks, but they're also looking to support the economy at-large by working with small- to medium-sized businesses (SMBs).

Small Business 60

Small Business Risk Mitigation Mitigation Adjustments 60

VISTA InfoSec

OCTOBER 20, 2023

Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Regular testing and adjustments are essential due to changes in ePHI applications. Service Continuity : Ensures essential healthcare services remain operational.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

PYMNTS

APRIL 29, 2020

To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. And certain property owners have alluded that they could be open to lease adjustments as more merchants explore seeking bankruptcy protection.

Shutdown 56

Shutdown Mitigation Adjustments Agreements 56

PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud.

Enrollments 49

Enrollments Fraud Prevention Mitigation Compliance 49

PYMNTS

MAY 23, 2017

My schedule is carefully planned and prioritized, although I must be agile to adjust the course and adapt my schedule to unpredicted opportunities. The essence of every week is reviewing business performance and forecasts, discussing opportunities, predicting and mitigating risks, looking for small openings for transformation and innovating.

Innovation 76

Innovation Cross-Border Payments Mitigation 76

Nanonets

APRIL 24, 2024

Correct or adjust accounting records accordingly. Adjustment Recording :  Adjustments in the accounting system are made to reconcile accounts, such as accounting for bank fees, interest earned, or rectifying errors. This not only ensures safer financial operations but also mitigates potential legal issues and fines.  

Payment Reconciliation 52

Payment Reconciliation Reconciliation Payments Automation 52

Nanonets

MAY 21, 2024

By systematically reviewing and verifying accounts receivable balances, businesses can maintain financial transparency, mitigate risks, and optimise their financial performance. Adjust Ledger Balances: Make necessary adjustments to the accounts receivable ledger to correct any errors or discrepancies.

Reconciliation 52

Reconciliation Accounts Adjustments Correspondent 52

Neopay

JANUARY 25, 2024

The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EU’s fight against financial crime. Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

PYMNTS

OCTOBER 28, 2020

Traditional retailers scrambled to adjust to a digital-only world. EBA has been proactive in this regard in putting forward guidance to financial service firms on mitigating risk concentration with cloud infrastructure in the European market. A Permanent Shift for Payments.

Technology 73

Technology Economy On-Demand Real Time Payments 73