VISTA InfoSec

MARCH 6, 2024

In this post, we’ll break down the key changes to Requirement 10 from PCI DSS 3.2.1 assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. System Configuration Outlines specific best practices (central time servers, external sources based on Atomic Time/UTC, peer syncing).

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PCI DSS Procedures Best Practices Risk Assessment 130

FICO

JANUARY 6, 2022

In this post, I’ll discuss the four imperatives of conducting experiments in credit management that should drive this continuous improvement cycle, and the technological underpinnings that can help make these experiments achieve successful results. The culture of failing smart should be cherished and celebrated.

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Best Practices Origination Authentication Process 52

FICO

MARCH 11, 2020

In this blog post I will look at: The growing problem of subscription fraud. 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.

Best Practices 52

Best Practices Identity Theft Risk Rules 52

VISTA InfoSec

MARCH 5, 2024

This blog post will delve into one such critical area – Requirement 9: Restrict Physical Access to Cardholder Data. Whether you’re a business owner, a security professional, or just someone interested in data security, this blog post will provide you with valuable insights into the latest updates in PCI DSS Requirement 9.

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PCI DSS Procedures Assessments Checks 147

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

Consumer Protection 99

Consumer Protection Consumer Risk Management Best Practices 99

Neopay

JULY 29, 2024

Without these defined outcomes, it is challenging to assess performance accurately. Unclear management information: Firms often struggle with identifying or accessing the necessary management information or data required for their assessments. This will provide a clear benchmark for your assessments.

Consumer 52

Consumer Assessments Compliance Best Practices 52

Fintech News

SEPTEMBER 17, 2024

DBS said that it will adhere to industry best practices for safeguarding clients’ digital assets, using institutional-grade cold wallets separate from DDEx for custody. The value of assets traded on DDEx has nearly tripled.

Cryptocurrency 60

Cryptocurrency Accreditation Best Practices Assessments 60

Open Banking Excellence

JANUARY 18, 2024

Given the breakneck pace of adoption, it’s critical that we’re able to track AI maturity across the banking sector, helping institutions to harness the power of emerging technologies with openness and transparency, and sharing best practices so that all banks can remain competitive in the AI age.

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AI Best Practices APACS Innovation 130

Fintech Review

JUNE 18, 2024

Best Practices for Hedge Fund Operations Implement strong governance and oversight. Assess operational risk regularly. The post Why Hedge Fund Admin Software is Crucial to Your Back Office appeared first on Fintech Review. They continually collaborate to execute strategic trading maneuvers.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

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.

Deepfake 123

Deepfake Scams Fraud Detection Verification 123

Neopay

JULY 4, 2024

These reports are critical for assessing and evidencing how firms have provided good outcomes for consumers under the Duty. Importance of board reports According to the Financial Conduct Authority (FCA), “Board reports are key to assess and evidence how firms have provided good outcomes for consumers under the Duty.”

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

VISTA InfoSec

FEBRUARY 21, 2024

In this blog post, we will explore the detailed sections and overviews extracted directly from PCI DSS v4.0. This requirement is a best practice until 31 March 2025.) Perform bi-annual reviews of user accounts (including vendors). Ensure access aligns with roles, adjusting it if needed. Obtain official sign-off for appropriate access.

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PCI DSS Database Best Practices Procedures 130

FICO

JANUARY 6, 2021

Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Here were the five most popular posts in this category last year: #1. Bruce Curry brought his experience to bear in a series of posts, beginning with this one. 8 Success Tips For Debt Collection In The Pandemic.

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Posting Credit Risk Risk Returns 98

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. ” The post ServiceNow Lands AI Partnerships with Visa and EY appeared first on Fintech Singapore.

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AI Disputes Risk Management Risk Assessment 108

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. The post Enhancing consumer protection: FCA’s Consumer Duty survey findings appeared first on Neopay.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

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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Blocks Scams Best Practices Adjustments 102

VISTA InfoSec

JANUARY 23, 2024

In our previous posts, we’ve covered the various requirements of this critical security standard. 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.) New requirement: 4.2.1

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PCI DSS Encryption Procedures Best Practices 130

Nanonets

SEPTEMBER 25, 2024

We'll also guide you through setting up an efficient bank statement processing system and share best practices to transform this data flood into a strategic asset. 💡 Best practices:  1.   💡 Best practices:  1. 💡 Best practices:  1.

AI 52

AI Process Best Practices Reconciliation 52

EBizCharge

APRIL 26, 2024

By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business. Conduct credit risk assessments: Credit risk assessments involve analyzing factors such as the client’s financial stability, payment history, and credit score.

Accounts 52

Accounts Best Practices Disputes Procedures 52

EBizCharge

JUNE 27, 2024

Now that you know how to calculate days sales outstanding and valuable tools to use, you can familiarize yourself with some best practices. Here are a few best practices to keep in mind when calculating DSO: Regularly monitoring: Calculate DSO regularly, such as monthly, to track trends and address issues promptly.

Best Practices 52

Best Practices Adjustments Assessments Automation 52

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. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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. .” appeared first on The Fintech Times.

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Privacy Compliance PCI DSS Rules 107

The Fintech Times

FEBRUARY 16, 2024

After a thorough market assessment, EQ Bank selected Trulioo identity document verification to capture and verify an ID document and selfie when customers open accounts online – a critical exercise for a seamless digital banking experience. We look forward to our ongoing collaboration as EQ Bank drives change in Canadian banking.”

Verification 64

Verification Best Practices Cybersecurity Assessments 64

Fintech Finance

MAY 23, 2024

Combined with a model bank, best practice implementation, the solution will enable LGT to quickly meet the fast-approaching EU regulatory deadline for instant payments. The post Finastra Provides LGT With Solution to Fast-Track Compliance With the EU Instant Payments Regulation appeared first on Fintech Finance.

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Instant Payments Compliance Regulations Payment APIs and Integration 52

Fintech Review

FEBRUARY 13, 2024

Regulators play a key role in assessing and mitigating the systemic risks posed by fintech innovations. This monitoring is not only about risk assessment but also about understanding the interconnectedness of fintech operations with the global financial system. Beyond legal and technical measures, consumer education is vital.

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Consumer Protection Innovation Consumer FinTech 105

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. What Is a Material Weakness? Regular internal audits.

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Compliance Audit Best Practices Risk Assessment 52

Neopay

AUGUST 5, 2024

They should be equipped to challenge and assess new data, policies, or frameworks for compliance. Senior management should be capable of assessing and challenging safeguarding practices within the firm. The FCA expects firms to stay up-to-date with best practices and evolving regulatory expectations.

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Compliance Procedures Audit Risk Management 52

EBizCharge

MAY 23, 2024

This article will examine the differences between accounts payable vs. expenses, exploring their unique roles in financial statements and uncovering best practices for managing them efficiently. Monitoring expenses is vital for budgeting and assessing a company’s profitability over time. What are accounts payable in accounting?

Accounts 52

Accounts Best Practices Legal Assessments 52

Seon

SEPTEMBER 20, 2024

By staying informed about the latest trends and best practices, lenders can work toward creating safer, more efficient lending processes that benefit both their businesses and their customers. Expand Your Credit Horizons Learn how alternative credit data is reshaping credit assessment.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Seon

SEPTEMBER 28, 2023

This includes protecting themselves with approaches such as multi-factor authentication and malware recognition, or using reverse lookup to assess whether someone is trustworthy. Office hygiene best practices : Ensuring that file cabinets are locked and used sensitive paperwork is shredded as soon as it’s no longer needed.

Security 52

Security Phishing Best Practices Data Breach 52

Neopay

OCTOBER 3, 2024

Here’s how we can assist: Proactive risk management : We help businesses assess their current risk exposure and ensure that compliance frameworks are in place to address the challenges associated with growth, high-risk customers, and changing regulations. In today’s regulatory environment, the cost of non-compliance is too high to ignore.

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Financial Crimes Crime Due Diligence Compliance 59

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.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

The Fintech Times

FEBRUARY 1, 2024

” Each candidate that makes up Techtrust’s FinTech Talent Hub is rigorously vetted and accredited by Techtrust and technical assessment platform CodeSignal. The post TechTrust Launches FinTech Talent Hub to Help Close Industry Skill Gap appeared first on The Fintech Times.

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FinTech Database Accreditation Best Practices 59

Neopay

SEPTEMBER 2, 2024

A Compliance Monitoring Plan helps you stay on top of regulatory requirements by systematically assessing your entire business operations. It can serve as an internal assessment tool for the whole business, checking for adherence to both internal policies and external regulations.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Fi911

JANUARY 31, 2024

AI-driven credit scoring models can rapidly assess an applicant’s creditworthiness, potentially reducing waiting times for loan approvals and enhancing customer satisfaction. The post The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration appeared first on fi911blog.

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AI MFA Regulatory Compliance Best Practices 88

FloQast

MARCH 1, 2024

SOX Section 203: The Corporate Responsibility for Financial Reports and Section 404: Management Assessment of Internal Controls require businesses to include an Internal Control Report with all financial reports. Step 1: Initial Assessment SOX testing begins with an initial assessment.

Audit 52

Audit Compliance Assessments Procedures 52

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives. Assessing and managing these risks quickly is paramount in maintaining financial stability.

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Risk Assessment Assessments Risk Finance 52