FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. . by FICO.

Best Practices 52

Best Practices Risk Management Risk Risk Assessment 52

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

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.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services.

AI 117

AI Disputes Risk Management Risk Assessment 117

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 107

Consumer Protection Consumer Risk Management Best Practices 107

VISTA InfoSec

SEPTEMBER 27, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA 130

CCPA Privacy Assessments Laws 130

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 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

Seon

APRIL 23, 2024

As an umbrella term, fraud risk management encompasses the systematic processes of identifying, assessing and responding to an organization’s fraud risk. How Does Fraud Risk Management Work?

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

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. When it comes to something as vital as risk management, though, best practices must be followed: 1. Centralize risk management activities.

Risk Management 130

Risk Management Risk Automation Close Processes 130

VISTA InfoSec

SEPTEMBER 5, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. Powering down the device if its showing signs of significant compromise, but only after assessing if its safe to do so. How can SMEs stay ahead of cyber security threats?

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. Powering down the device if it’s showing signs of significant compromise, but only after assessing if it’s safe to do so. How can SMEs stay ahead of cyber security threats?

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech News

MAY 20, 2024

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech 135

FinTech Embedded Finance BNPL AI 135

Fi911

JANUARY 31, 2024

Redefining Risk Management Machine learning models can swiftly process massive datasets in real-time, identifying unusual transactions or behavioral patterns indicative of fraudulent activity. Educate customers about the risks posed by AI-driven scams, empowering them to identify and report suspicious activity.

AI 95

AI MFA Regulatory Compliance Best Practices 95

FICO

DECEMBER 15, 2020

Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud. It discusses the need to deploy effective enterprise-wide solutions for risk management that can adapt to changing customer behavior.

Innovation 52

Innovation Risk Management Best Practices Financial Crimes 52

FICO

DECEMBER 1, 2020

Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications. The top 100 technology vendors are rank-ordered, and the report also highlights a range of Category Leaders based on excellence in a number of relevant domains.

Financial Crimes 59

Financial Crimes Crime Best Practices AML 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. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

Innovative Payments Association

SEPTEMBER 5, 2024

A comprehensive third-party oversight framework encompasses a range of ongoing activities and processes aimed at monitoring and managing relationships with third parties throughout the entire lifecycle. It is important to have processes in place for addressing any compliance violations or issues that may arise during the relationship. .

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. Senior management must also receive training to understand safeguarding processes and risks.

Compliance 52

Compliance Procedures Audit Risk Management 52

PYMNTS

MARCH 20, 2020

Enabling financiers across lending products, from supply chain finance to asset-based and unsecured loans, to collaborate supports the development of best practices in risk mitigation, with data sharing a crucial component.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

Stax

FEBRUARY 19, 2025

How to mitigate this risk: Before committing to a provider, carefully review contract terms to ensure flexibility. Look for options that allow for periodic assessments, opt-out clauses, or short-term agreements that enable you to change providers if necessary.

Payments 88

Payments PCI DSS Compliance Risk 88

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. Achieving this balance is critical to satisfying customers without undermining risk management strategies.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 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. LGT also uses Finastra Kondor, a bank treasury management system, and Finastra’s Total Messaging platform.

Instant Payments 52

Instant Payments Compliance Regulations Payment APIs and Integration 52

FloQast

NOVEMBER 27, 2023

Additionally, areas such as risk management, segregation of duties, and even cybersecurity play pivotal roles. For instance, an effective risk management strategy helps companies preempt potential financial reporting pitfalls. As businesses grow and financial landscapes shift, risks aren’t static.

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

The Fintech Times

OCTOBER 19, 2024

. “When charting their strategic course, digital banking platforms should weigh several factors: understanding stakeholder demands and interests, conducting thorough market assessments, and evaluating their own strengths and brand alignment. ” The post Is Sustainability the New Priority in Digital Banking?

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

Segpay

MAY 1, 2024

Some of DORA’s main pillars are: Operational Risk Management: DORA requires PSPs to implement robust operational risk management practices to identify, assess, mitigate, and monitor operational risks effectively.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

AUGUST 12, 2016

The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug. The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug. and outside of the country.

Cybersecurity 41

Cybersecurity Technology Best Practices Governance 41

The Fintech Times

MARCH 12, 2024

The book covers a spectrum of topics, ranging from risk management strategies to hedging mechanisms, shedding light on how advanced analytical tools, market forecasting, and liquidity management can significantly influence the success of businesses operating within this space.

Best Practices 64

Best Practices Cross-Border Cross-Border Payments Mitigation 64

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. Our tailored solutions help businesses stay compliant through a holistic, adaptable approach.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52