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 Fintech Times

FEBRUARY 15, 2025

This platform enhances financial compliance through real-time data processing, risk assessment, and regulatory alignment, ensuring that financial institutions meet Saudi Arabias evolving fintech regulatory landscape. Saudi technology provider T2 acquired Moola , a corporate expense management platform.

Innovation 64

Innovation Fraud Prevention AI Compliance 64

The Finance Weekly

OCTOBER 15, 2023

By using , AI analytics and automation , CFOs can stay competitive and find new ways to grow. Breakthroughs for CFOs Generative AI, a powerful technology, helps CFOs in various ways: Saving Costs and Improving Efficiency Generative , AI assists CFOs in finding ways to save money and streamline operations by automating financial processes.

AI 130

AI Risk Data Security Automation 130

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. These systems enhance our security framework and ensure smooth, uninterrupted customer service.

Regulatory Compliance 88

Regulatory Compliance AML Compliance PCI DSS 88

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Nanonets

AUGUST 16, 2024

But insurance claim automation is paving the way for faster, more accurate, and more customer-friendly experiences. This article explores the impact of automation on the claims landscape, whether you're an insurer looking to streamline operations or a policyholder seeking quicker resolutions. What is claims process automation?

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

FICO

MAY 29, 2020

In the UK alone, it is estimated that more than 80 million affordability assessments are completed each year, most of which are done manually over the telephone. It has taken a long time, but the capabilities are now available to make affordability assessment quick, safe, forward-looking, and intelligent.

Assessments 52

Assessments Mitigation Adjustments Risk 52

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

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. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Finance Weekly

SEPTEMBER 23, 2021

Financial institutions are considering ways to strengthen their technical setup, potentially paving the way for automation. Automated Accounting. It's time to say goodbye to old-school accounting techniques and say hello to automation in 2021. However, managing automation isn't for everyone.

Risk Assessment 130

Risk Assessment Cross-Border AI Automation 130

PYMNTS

OCTOBER 29, 2020

It's vital for organizations to not only understand the current financial risks their suppliers pose, but to remain continuously proactive to assess the trajectory of their business partners in the future. "There are companies that had preexisting conditions, and the story only got worse.". Beyond Financials. The Trajectory of Risk.

Risk 57

Risk Mitigation Assessments Shutdown 57

Nanonets

DECEMBER 13, 2023

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. This automation significantly diminishes reliance on manual data entry, a source of potential errors during transcription and input. . #2:

AI 102

AI Process Fraud Detection Compliance 102

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. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS.

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. To mitigate these risks, it’s essential to implement strong cybersecurity measures during the transition to CCaaS.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

The Finance Weekly

AUGUST 26, 2023

Across various sectors, boards of directors are increasingly mandated to assess and disclose the effectiveness of risk management processes within their respective organizations. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates. This helps lenders proactively tackle credit risks.

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

The Payments Association

JANUARY 29, 2025

Outdated risk assessments, limited awareness of emerging risks, and failure to adjust processes during operational changes, like customer migrations, left gaps that allowed high-risk transactions to bypass scrutiny. Internal assessments categorised Nordeas overall AML risk as critical, yet systemic upgrades were not prioritised.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

M2P Fintech

APRIL 4, 2025

The new-age credit stack can do this efficiently with smarter underwriting capabilities, integrated data collection mechanisms and ability to automate workflows in the process. Improved Risk Management To assess credit risk accurately, new-age credit stack incorporates advanced algorithms and real-time analytics.

Finance 52

Finance Payment APIs and Integration Credit Cards Risk 52

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. As your customer risk profile changes with each transaction, the only way to stay truly vigilant is through automated reassessments. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Nanonets

MAY 31, 2023

AI can help mitigate these issues. Technologies such as machine learning and natural language processing have revolutionized the finance function by automating and streamlining various financial procedures. This automation streamlines the bookkeeping process, reduces errors, and enhances efficiency.

AI 122

AI Finance Fraud Detection Mitigation 122

Fintech News

JULY 24, 2024

Zero Touch emphasises the importance of automation in reducing human error and increasing operational efficiency. By automating routine tasks and decision-making processes, banks can free up human resources for more strategic, value-adding activities. Finally, the Evaluation stage ensures continuous assessment and improvement.

Finance 117

Finance Risk Mitigation Automation AI 117

Fintech Finance

MARCH 3, 2025

Issued by Ernst & Young (EY), a leading independent auditing firm, the SOC 2 Type II certification is a rigorous assessment for operating effectiveness of a service providers internal controls. For SMEs, Antom Copilot eliminates complexities by automating the payment integration process and offering intelligent recommendations.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

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

Fi911

DECEMBER 19, 2023

Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection. ML-enabled tools and procedures are introducing predictive analytics, real-time fraud detection, and automation to dispute management at the banking level.

Fraud Prevention 92

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 92

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

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

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. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Payments Association

JANUARY 13, 2025

Firms must proactively review their terms of service and dispute resolution mechanisms to mitigate potential liabilities. This will also include verifying the legitimacy of assets, auditing their technical infrastructure, and assessing market risks simultaneously.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

PYMNTS

SEPTEMBER 25, 2018

The updates include connectivity with third parties, allowing its Fusion Framework System users to engage with their suppliers and other third parties in supply chains to streamline the vendor risk assessment process. The enhancement means third parties can more easily participate in a holistic risk mitigation strategy, Fusion noted.

Risk Management 73

Risk Management Risk Risk Mitigation Risk Assessment 73

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.” This presents a gap in the market and an opportunity for FinTechs to fill it with automated underwriting technologies, like an automated small business credit score. Expanding The Data Scope.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

EBizCharge

MARCH 11, 2025

Acumatica allows businesses to accept and process credit cards, debit cards, Automated Clearing House (ACH) payments/eChecks, and other transactions seamlessly by integrating with payment gateways. With payment processing in Acumatica, businesses can automate transaction entries, reconcile payments faster, and reduce manual errors.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The financial services industry, particularly in Internal Audit, has emerged as a pioneer in embracing automation and analytics. What is audit automation? What are the benefits of audit automation?

Audit 40

Audit Automation Risk Assessment Assessments 40

Nanonets

DECEMBER 10, 2023

IDP leverages cutting-edge technologies, such as artificial intelligence and machine learning, to automate the extraction, interpretation, and processing of information from diverse documents. Automation of Workflows: IDP integrates seamlessly with existing workflows, automating repetitive tasks and expediting document-centric processes.

Automation 52

Automation Compliance SWIFT Process 52

PYMNTS

JUNE 25, 2020

Below, PYMNTS rounds up the latest efforts for AR and AP solution providers to mitigate friction for both buyers and suppliers. Speaking with PYMNTS, Anna Leo , vice president of Medius Ascendo North America, explained that AP technologies must be able to meet small businesses halfway when it comes to implementing automated solutions.

B2B 112

B2B Cross-Border Credit Risk Accounts 112