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.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

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).

PCI DSS 130

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.

Best Practices 52

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

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

FICO

FEBRUARY 5, 2018

In this blog, Bob shares insights into best practices he’s found for creating a culture of fraud prevention. The bottom line is that fraud risk controls must be customer-friendly, agile, layered, integrated and enable real-time risk assessment to support the complexity and speed of the digital world.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

VISTA InfoSec

FEBRUARY 28, 2024

These practices adhere to industry security standards and the NIST Special Publication 800-63 guidelines, supporting the payment ecosystem. In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 Requirement 8.6.1: (This requirement is a best practice until 31 March 2025.)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

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.

PCI DSS 147

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 91

Consumer Protection Consumer Risk Management Best Practices 91

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. See all Posts. Related posts. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37. by Adam Davies. Vice President, Product Management. expand_less Back To Top.

Assessments 52

Assessments Scams Authentication Authorization 52

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 59

Cryptocurrency Accreditation Best Practices Assessments 59

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 114

Deepfake Scams Fraud Detection Verification 114

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

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.

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

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

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.

Posting 98

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.

AI 99

AI Disputes Risk Management Risk Assessment 99

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.

Blocks 94

Blocks Scams Best Practices Adjustments 94

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

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.

Consumer 88

Consumer Assessments Compliance Payments 88

Neopay

NOVEMBER 13, 2024

Proactive risk management: We help assess your business’s risk exposure, implementing frameworks that keep up with growth, high-risk customers, and evolving regulations to keep your compliance efforts ahead. The post FCA fines Metro Bank £16 million for financial crime failings appeared first on Neopay.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52

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

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

PCI DSS 130

PCI DSS Encryption Procedures Best Practices 130

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

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

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.

Instant Payments 52

Instant Payments Compliance Regulations Payment APIs and Integration 52

EBizCharge

AUGUST 15, 2024

Assessment fees: Assessment fees are another variety of pass-through charges billed by the card networks. Unlike interchange fees that go to the card-issuing banks, assessment fees are paid to the card networks themselves. Luckily, merchants can also implement best practices merchants to lower these costs.

Processors 52

Processors Credit Cards Best Practices Volume 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.

Consumer Protection 105

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.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

FloQast

OCTOBER 21, 2024

Key Steps in Implementing Automated Bank Reconciliation Step 1: Assess and Evaluate Your Current System Do a full audit of your current reconciliation processes and find the problem spots. Best Practices for Automating Bank Reconciliation Maintaining best practices will keep your business running smoothly and your team functioning properly.

Reconciliation 52

Reconciliation Automation Process Best Practices 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 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

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. One key practice involves prioritizing customer satisfaction through the delivery of exceptional customer service.

Risk Management 66

Risk Management Risk PCI DSS Process 66

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.

Privacy 107

Privacy Compliance PCI DSS Rules 107