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

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. Stay compliant with evolving regulations and adhere to fair lending practices, mitigating regulatory risks.

BNPL 79

BNPL Payments Mitigation Best Practices 79

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

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

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

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

PYMNTS

AUGUST 31, 2020

As companies adjust their business models and prioritize risk mitigation, the corporate treasury offers a valuable, forward-looking view into financial futures.

Treasury 74

Treasury Treasury Management Risk Mitigation Mitigation 74

PYMNTS

JUNE 25, 2019

Analysts at S&P Global Market Intelligence trade data unit Panjiva have predicted long-lasting impacts on supply chains as a result of those trade disputes, with major retailers — including IKEA , Home Depot and Target — warning about import declines and adjustments due to supply chain changes at LG Electronics and Samsung Electronics.

Disputes 49

Disputes Risk Mitigation Mitigation Risk 49

EBizCharge

DECEMBER 18, 2024

4 primary purposes of a clearinghouse Understanding the primary functions and purposes of a financial clearinghouse is crucial since these institutions ensure transactions are safe and efficient, reducing the risks associated with exchanging money or information. These clearinghouses provide stability and mitigate risk in futures markets.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

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 56

Treasury Addressing Treasury Management FinTech 56

PYMNTS

APRIL 22, 2019

” They could also disrupt the way corporates are able to operate, as well as how treasurers and financial chiefs adjust to an always-on, always-available payments infrastructure. These present a really significant change, and, in some cases, disruption to the way FIs are processing payments today.”

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

JULY 24, 2019

Yet a similarly-large portion said they do not adjust their FX hedging strategies whether their exposure is to G10 currencies or emerging market currencies — a potentially expensive mistake considering current market volatility today. Vietnam, Jamaica Urge FX Risk Mitigation.

Treasury 57

Treasury Central Bank Small Business Risk Mitigation 57

The Fintech Times

MARCH 18, 2024

This system addresses a range of security challenges, including on-chain phishing and fraud, through comprehensive measures such as risk token detection, contract analysis, and more. Additionally, Bitget Wallet benefits from a shared $300million risk protection fund with Bitget, bolstering its risk mitigation capabilities.

NFTs 64

NFTs Participant Risk Mitigation Transactions 64

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.     What is Bank Reconciliation Audit and How Does it Work? They assess the adequacy and accuracy of documentation to support the integrity of financial records.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Two-thirds said they operate in more than one country, and a third said they have a presence in more than 20 countries. Moving Forward.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

MARCH 18, 2019

First, we want the payment to be as secure as possible with risk mitigation. Amy Hsu, vice president of product and research, recently spoke with PYMNTS about how the CU makes its members’ Zelle transfers both seamless and secure. There are two sides,” Hsu said. A P2P Balancing Act.

P2P 59

P2P Zelle Security Venmo 59

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation. Recording the starting cash amount in the drawer, itemized by bill and coin types.

Reconciliation 52

Reconciliation Best Practices Automation Point-of-Sale (POS) 52

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

JUNE 21, 2023

By reconciling payments, businesses can maintain financial integrity, enhance decision-making based on reliable data, and mitigate risks associated with inaccurate or fraudulent transactions. Fraud detection and risk mitigation Reconciling payments plays a vital role in detecting fraudulent activities and mitigating associated risks.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Nanonets

APRIL 12, 2023

By implementing effective spend management practices, organizations can identify cost-saving opportunities, streamline procurement processes, ensure compliance with regulations and policies, and mitigate financial risks. Why is spend management important? Spend management is essential for various reasons.

Compliance 52

Compliance Duplicate Automation Process 52

The Finance Weekly

AUGUST 26, 2023

With this info, businesses can smartly decide on ways to lessen risks from interest rate changes. These methods might involve selling assets to reduce debts or adjusting their funding by getting money from sources like selling company ownership. Why is Enterprise Risk Management Important?

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

Nanonets

MARCH 13, 2024

By automating data extraction from invoices, OCR software significantly reduces the burden of manual data entry, mitigating errors and optimizing resource utilization. Businesses can mitigate compliance risks and avoid potential penalties by minimizing errors and discrepancies.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

PYMNTS

JULY 17, 2018

The blockchain hype-machine is driven largely from the technology’s proponents that say they have an application of the tool for everything: payments, risk mitigation, contracts, KYC (Know Your Customer) compliance, financing, cloud storage, an alternative to foreign exchange, credit underwriting.

Blockchain 40

Blockchain Distributed Ledger Technology (DLT) Agreements Use Case 40

Nanonets

FEBRUARY 12, 2024

Bias Mitigation One of the longstanding challenges in credit scoring has been the inadvertent perpetuation of biases, often rooted in historical data. Traditional models may struggle to keep pace with evolving financial behaviors, but AI algorithms continually learn and adjust. The result?

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

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. 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.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

MARCH 12, 2024

Risk Mitigation: Compliance Risk: Reduces the likelihood of non-compliance with industry and geographical financial reporting standards. Financial Risk: Minimizes errors in financial reporting, thereby avoiding potential fines, legal consequences, and reputational damage.

Process 52

Process Finance Reconciliation Compliance 52

CB Insights

JULY 23, 2020

Some measures, like limiting elevator occupancy, are short-term adjustments that will likely fade away over time. It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

Nanonets

AUGUST 1, 2023

This saves costs and grants flexibility, empowering businesses to adjust and redirect their focus swiftly. Control Shadow IT: No-code citizen development mitigates the risk of shadow IT by facilitating development within the purview of the IT department.

Automation 52

Automation Process Bots Small Business 52