Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

The Payments Association

FEBRUARY 10, 2025

Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. Real-time monitoring tools must be implemented to detect suspicious patterns, while AI-driven risk assessments can help identify emerging threats in cross-border transactions.

IBAN 88

IBAN AML Master Account Due Diligence 88

EBizCharge

AUGUST 13, 2024

This article will outline the different methods of revenue recognition and best practices for ensuring compliance and accuracy. The review process should be designed to identify all performance obligations and assess the terms of the transfer of control of goods or services. What is revenue recognition?

Best Practices 52

Best Practices Automation Transactions Process 52

FICO

FEBRUARY 5, 2018

In this blog, Bob shares insights into best practices he’s found for creating a culture of fraud prevention. Leveraging advanced adaptive analytics upfront at the point of application is critical to enabling automated processing, reducing the number of applications alerted for manual review, and minimizing related operational expense.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Paystand

MARCH 12, 2024

It offers a clear shot of its financial health, compiling statements to assess stability and growth. With the power of finance automation, you can easily navigate the modern finance digital transformation. Financial reporting is the backbone of any organization. As a CFO, your role in financial reporting is pivotal.

Best Practices 52

Best Practices Finance Cost Structure Regulatory Compliance 52

FICO

MARCH 11, 2020

Here are 4 best practices to fight subscription fraud. Start with a First Party Fraud (FPF) exposure assessment undertaken by reviewing across products, services and channels, identifying ownership & size of the FPF problem by department. FICO will present best practices in fighting subscription fraud.

Best Practices 52

Best Practices Identity Theft Risk Rules 52

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. However, ongoing evaluation of their practices, compliance standards, and cybersecurity measures are essential aspects of due diligence. According to the U.S.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

Fintech News

JANUARY 25, 2024

The EY AI Governance and Compliance solution, a part of this initiative, provides businesses with tools for managing AI, including discovery, policy management, risk assessment, and automated monitoring. These services are anticipated to be available in the first quarter of 2024.

AI 117

AI Disputes Risk Management Risk Assessment 117

VISTA InfoSec

JANUARY 29, 2024

For systems that are typically not susceptible to malicious software, carry out regular assessments to detect and assess emerging malware threats. Conduct discussions with staff to ensure that they are monitoring and assessing emerging malware threats for systems that are generally not prone to malicious software. evaluations.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Best practices for implementing the DORA compliance 1. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Best practices for implementing the DORA compliance 1. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Best practices for implementing the DORA compliance 1. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Best practices for implementing the DORA compliance 1. Having a transparent approach will reinforce trust and will help you manage reputational risk.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

FloQast

OCTOBER 21, 2024

There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed. For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business.

Reconciliation 52

Reconciliation Automation Process Best Practices 52

The Payments Association

MARCH 25, 2025

Key questions to consider include: Who assesses the impact and scope of the requirements? Having a knowledge directory of all payment network requirements, including a complete catalogue of resources such as best practices, guides, manuals, releases, and rules, makes it easy for everyone to access and find the information they need.

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

EBizCharge

MAY 14, 2024

Automated billing transforms how businesses handle their finances, offering a seamless and error-free approach to invoicing and payments. With its foundations in digital efficiency, automated billing could be the financial game-changer your company needs. What is automated billing? How does automated billing work?

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

FEBRUARY 1, 2024

Accounts Payable (AP) automation is the use of technology to streamline and improve the process of managing a company's bills and payments owed to others. Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more quickly, accurately, and with less human effort.

Automation 64

Automation Accounts Process Multi-Currency 64

The Fintech Times

SEPTEMBER 24, 2024

. “By implementing advanced technologies such as Corporate Digital Identity (CDI) and AI, institutions can better manage complex data sets by automating compliance processes, improving data accuracy, and facilitating real-time monitoring to meet regulatory standards.” But it’s not just the inefficiency—it’s the opportunity cost.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Follow these best practices for monitoring risks and dealing with them appropriately.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Finance Weekly

JUNE 24, 2024

Noteworthy features of Pigment AI include data querying, pattern identification, smart insights, automated analysis and reporting, assisted modeling, and scenario building. Automated Data Imports – Accurately collect data from multiple sources in real time, eliminating time-consuming tasks and reducing data import errors.

Audit 130

Audit AI Automation Finance 130

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. The gold standard is an all-in-one platform that leverages advanced automation for trade captures and reconciliations, integrates with accounting systems, and communicates seamlessly with current and prospective investors through data rooms and portals.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

VISTA InfoSec

FEBRUARY 16, 2024

a: Verify that software-development processes align with industry standards/best practices. - The software should be developed based on industry standards and/or best practices for secure development. - Below, we provide an explanation of the changes made in Requirement 6 from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

SEPTEMBER 25, 2024

Advanced Features: CCaaS solutions include powerful tools like artificial intelligence (AI), automation, and analytics that improve the overall efficiency of customer service operations. Flexibility: Cloud-based platforms offer flexible deployment options, enabling remote agents to access the system from anywhere.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Advanced Features: CCaaS solutions include powerful tools like artificial intelligence (AI), automation, and analytics that improve the overall efficiency of customer service operations. Flexibility: Cloud-based platforms offer flexible deployment options, enabling remote agents to access the system from anywhere.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Nanonets

JULY 21, 2023

Implementing Business Process Automation (BPA) can give your employees extra hours each day. No employee should have to give up their personal time because they are spending half their workday on tedious, repetitive tasks that can be automated. In large organizations, automation might take care of high-volume, low-value tasks.

Automation 52

Automation Process Audit Payroll 52

The Finance Weekly

OCTOBER 13, 2021

Assess what your clients want. When it comes to changing a business model, it's necessary to rethink how key performance indicators are assessed and tracked. So, how can businesses take advantage of automation to speed up the financial close? Use intelligent process automation to your advantage.

Risk Management 130

Risk Management Risk Automation Close Processes 130

The Finance Weekly

MARCH 1, 2022

According to the FP&A Maturity assessment model, there are five stages representing the evolution of FP&A: 1. Planning, forecasting, and reporting are primarily standardized and largely automated, using a combination of spreadsheets and dedicated , FP&A software solutions. Progressive.

Finance 130

Finance Procedures Best Practices Process 130

Nanonets

MARCH 21, 2023

How is automation redefining credit decisions? With the ongoing advancements in big data, digital tools, and intelligent analytics, credit providers have new opportunities to enhance their credit decisioning models through automation. It is also essential to maintain impartiality.

Automation 52

Automation Assessments Non-Bank Process 52

Nanonets

DECEMBER 4, 2023

Automated order processing is the solution. It harnesses AI, OCR, and automated workflows to handle orders accurately and efficiently. By automating, you ensure real-time updates and error-free transactions, meeting today's demand for immediate and reliable service. What is automated order processing?

Automation 52

Automation Process Payment APIs and Integration Returns 52

Nanonets

SEPTEMBER 21, 2023

Finance automation  is revolutionizing the way businesses manage their financial processes, streamlining operations, and maximizing productivity. Key areas that can benefit from automation include  accounts payable ,  accounts receivable ,  spend and expense management , and  financial reporting.

Automation 52

Automation Finance Assessments Compliance 52

The Finance Weekly

DECEMBER 30, 2021

Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. Conduct a general assessment of risks and opportunities, including an analysis of the cost and impact of not moving forward.

Technology 130

Technology MSPS Small Business Data Security 130

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Security audits.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Nanonets

NOVEMBER 23, 2023

This guide provides an in-depth look at how automating email responses can revolutionize your communication strategy, making it more efficient and responsive. We will learn how to set up automated email responses in Gmail and Outlook directly. We'll also take a look at a few practical templates and discuss best practices.

Automation 59

Automation AI Use Case Checks 59

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. Risk assessment and categorization The first step towards mitigating risk is to assess it. But training can’t be a one-off practice.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Nanonets

MAY 31, 2023

Technologies such as machine learning and natural language processing have revolutionized the finance function by automating and streamlining various financial procedures. According to Insider Intelligence , automating financial tasks with AI has the potential to save North American banks $70 billion by 2025.

AI 122

AI Finance Fraud Detection Mitigation 122

Fi911

JANUARY 31, 2024

Efficiency in Loan Processing Gen AI can streamline the often cumbersome loan approval process by automating several stages. AI-driven credit scoring models can rapidly assess an applicant’s creditworthiness, potentially reducing waiting times for loan approvals and enhancing customer satisfaction.

AI 95

AI MFA Regulatory Compliance Best Practices 95