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Assessments Best Practices Continuity 
EBizCharge
JUNE 20, 2024
This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.
Nanonets
MAY 21, 2024
Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.
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. This is to ascertain whether these systems continue to not necessitate anti-virus software. This stipulation is considered a best practice until March 31, 2025.
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EBizCharge
OCTOBER 25, 2023
By implementing the most reliable security software and best practices, organizations and individuals can mitigate the risk of data breaches and safeguard their valuable information from malicious actors. Assess each type of data and consider whether it is necessary. If not, then stop collecting it.
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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.
The Finance Weekly
JULY 19, 2023
In this article, we delve into the 8 best practices that will empower you to optimize your cash flow processes, enhance forecasting accuracy, and make informed decisions to steer your organization towards lasting prosperity. Enhance Forecasts Continuously In life, change is inevitable, and forecasting is no exception.
FloQast
NOVEMBER 20, 2023
One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.
VISTA InfoSec
FEBRUARY 13, 2024
This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. By sharing threat intelligence and best practices, organizations can gain insights into emerging threats and learn from the experiences of others. 5/5 - (1 vote)
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FICO
JANUARY 6, 2022
Credit executives can now enable continuous learning and improvement that is technology-enabled, and which is no longer tied to the duration of the billing cycle, nor the seasoning of the portfolio. Learn more about thriving in the digital era by checking out my last post on best practices for a timeless digital customer experience.
Segpay
JUNE 13, 2024
This shows that as businesses and customers continue to rely on online payment systems the risk of falling prey to cyber security threats increases too. In this post, we’ll discuss the best practices for businesses and customers to secure online payment against cyber attacks. The Travelex ransomware attack. million ransom.
VISTA InfoSec
JANUARY 23, 2024
Networks that store, process, or transmit cardholder data naturally fall within the PCI DSS scope and must be assessed accordingly. Refer to vendor recommendations/best practices.) Stay tuned for these updates as we continue to delve deeper into the intricacies of Cyber Security standards. New requirement: 4.2.1
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PYMNTS
OCTOBER 1, 2020
As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. The Digital Readiness Diagnostic was crafted to assess the digital strengths and weaknesses of a business.
104 
VISTA InfoSec
OCTOBER 21, 2024
Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.
130 
Fintech News
APRIL 7, 2024
Examples include verifying the user’s personally identifiable information (PII), assessing the age and reputation of the user’s email and phone number, verifying their location via IP address, and evaluating the trustworthiness of the device to assess the user risk level.
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Fintech Review
FEBRUARY 13, 2024
This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities. This development must be an ongoing process, as the fintech landscape is continuously evolving, and regulatory frameworks must evolve with it to maintain effective consumer protection.
Stax
AUGUST 22, 2024
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity.
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
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Fintech Review
JUNE 18, 2024
They continually collaborate to execute strategic trading maneuvers. Best Practices for Hedge Fund Operations Implement strong governance and oversight. Assess operational risk regularly. Fund managers rely on the operations team to provide actionable data and monitor positions to effectively gauge fund performance.
Fintech News
AUGUST 6, 2024
The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. When assessing a change in substantial shareholder, criteria like track record, financial soundness, and fitness are considered. billion (EUR 1.5
VISTA InfoSec
MAY 2, 2024
Providers arm themselves with the latest security tech and best practices to shield your data from cyber threats. Managed IT support also include continuous monitoring and regular network security assessments, crucial for identifying vulnerabilities and implementing preventive measures.
130 
Fintech News
FEBRUARY 7, 2024
Developers are also encouraged to review their apps’ permissions and adhere to best practices to avoid potential blocks by Play Protect. Eugene Liderman “Together with CSA, we will be closely monitoring the results of the pilot program to assess its impact and make adjustments as needed.
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VISTA InfoSec
OCTOBER 21, 2024
As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. These cloud-based platforms offer flexibility, scalability, and access to advanced technologies, making them a popular choice for organizations of all sizes.
130 
Stax
DECEMBER 4, 2023
With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise. 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. of global GDP.
FICO
DECEMBER 19, 2022
Assessing Digital Identity — You Need to Ask “Who?” That seismic change continues to create inherent risks that banks must address in complex and creative ways. With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37.
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The Payments Association
DECEMBER 9, 2024
Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems.
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The Payments Association
OCTOBER 22, 2024
It represents a major regulatory shift, requiring firms to enhance governance, fair value assessments, and customer support, with significant compliance challenges. According to the FCA, every firm is expected to assess the risks their products and services carry to consumers and act accordingly to prevent potential harm.
88 
The Fintech Times
SEPTEMBER 24, 2024
“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape. .”
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Neopay
FEBRUARY 29, 2024
The focus was on assessing how additional engagement had impacted firms’ readiness for compliance. Notably, 74% of firms reported conducting fair value assessments, reflecting a proactive approach to compliance. Building upon this, a subsequent survey was conducted in Autumn 2023, targeting 634 firms not previously surveyed.
Stax
DECEMBER 20, 2023
TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. In simple terms, merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account.
88 
VISTA InfoSec
JULY 5, 2023
The Importance of Data Security in Healthcare As the healthcare industry rapidly embraces new technologies to enhance the delivery of healthcare services, the significance of data security continues to escalate. Regularly test and assess network vulnerabilities to identify and address any weaknesses.
130 
Clearly Payments
JANUARY 8, 2024
Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Staying informed about emerging fraud trends is equally important, as fraudsters continually refine their tactics.
PYMNTS
MARCH 20, 2020
Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. ’s experience with open banking continues to be closely monitored in other markets around the world, including the U.S.,
Nanonets
JUNE 5, 2023
In this article, we'll demystify the process of procurement automation and discuss the many challenges (and benefits), emerging trends, and best practices associated with it. Take a step back and assess how efficient your current process is, where the sticking points are, and what kind of automation would help to change things up.
98 
Tearsheet
JULY 1, 2024
Gen Z’s payment preferences will continue to drive the way the merchant community invests in and adopts financial and POS technologies. What are best practices when it comes to protecting consumer information? Start with a risk assessment. Continuous monitoring. Data shows nearly 32.8 Stand your post.
105 
Seon
JUNE 24, 2024
It prevents issues such as payment fraud, account fraud (and misuse), loan fraud, and conducting business with high-risk individuals , as well as a stipulated practice for anti-money laundering (AML) compliance. million reported cases in 2023 1 alone, showcases the urgent need for risk management systems within cybersecurity protocols.
The Fintech Times
FEBRUARY 14, 2024
“The financial services industry is dynamic and constantly evolving, so keeping our standards under review is critical to ensuring they continue to uphold our commitment to fairness and excellence in customer outcomes for businesses.” This consultation was launched in June 2023 as part of the LSB’s regular cycle of reviews.
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Fintech News
MAY 20, 2024
These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world.
121 
Fintech News
JUNE 6, 2024
As the digital landscape continues to evolve, fraudsters are becoming increasingly sophisticated in their methods, posing a serious threat to both financial institutions and their customers. Losses exceeded S$13 million (US$9.59 The benefits of digital identity verification extend beyond just enhanced security.
85 
FICO
DECEMBER 15, 2020
By building end-to-end risk management applications for the entire customer lifecycle on top of our industry-leading decision management platform , FICO ensures that our clients are able to operationalize, monitor, and continuously refine cutting-edge risk management strategies. .
52 
Stax
MARCH 4, 2024
Train your team on secure payment practices Another critical step is ensuring cybersecurity best practices and awareness is instilled across your workforce. Emerging Technologies in Payment Security Because the threat landscape continues to evolve, so do payment processing security measures.
88 
Nanonets
MAY 31, 2023
Organizations need to assess the financial feasibility and scalability of AI implementations, evaluating the costs and ensuring the benefits outweigh them. Assess data readiness Evaluate the quality, accessibility, and relevance of your financial data.
122 
Stax
JUNE 20, 2024
Assess the program’s features and benefits, including technical support, marketing resources, and revenue-sharing models, to ensure they meet your needs. Be sure to continuously monitor program performance and partner contributions against these benchmarks.
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FloQast
APRIL 8, 2024
In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. Engage in continuous training and education.
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Neopay
JULY 2, 2024
Outcome metrics : The review noted a range of metrics used by firms to assess outcomes, from customer complaints and satisfaction surveys to retention rates and claims ratios. Adopt comprehensive metrics : A blend of different metrics should be used to monitor and assess consumer outcomes thoroughly.
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