Fintech News

OCTOBER 14, 2024

During this process, Income carried over S$2 billion in surplus, which was granted an exemption by the Ministry of Culture, Community and Youth (MCCY) to support its business continuity. The amendment to the Insurance Act, which was tabled on 14 October 2024, is set to be debated further in Parliament on 16 October 2024.

Blocks 105

Blocks Governance Government Authorization 105

PYMNTS

DECEMBER 11, 2020

The chaos of the PPP effort may have subsided for now, but small businesses continue to face uncertainty. But because we're in a pandemic, we're also trying to assess how they're doing in 2020, and what their plans might be to get back up and running to where they were previously.". Reading The Tea Leaves.

Posting 93

Posting Small Business Assessments Returns 93

VISTA InfoSec

SEPTEMBER 25, 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. Integration: Integrating seamlessly with your existing CRM and other business tools is vital.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

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. Integration: Integrating seamlessly with your existing CRM and other business tools is vital.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Fintech Finance

JULY 23, 2024

ACH payments are offered to small businesses by 73% of the Scorecard banks, and 55% provide a consolidated view of transactions for tracking payments and cash flow. Banks serve a wide range of businesses and industries and are improving the mobile banking experience with small business-specific capabilities.

Small Business 98

Small Business Digital Payments Online and Mobile Banking Wire 98

Nanonets

DECEMBER 13, 2023

Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns. In addition, AI employs predictive analytics to assess and analyze historical claims data. This proactive approach minimizes delays and contributes to faster claim resolutions. #4:

AI 102

AI Process Fraud Detection Compliance 102

Open Banking Excellence

SEPTEMBER 21, 2023

Whilst DORA brings with it specific asks for financial institutions and their third-party suppliers, the concept of ensuring that business-critical operations are secure, resilient and can withstand disruption is not a new one. Testing processes should be regularly reviewed and updated to ensure continued compliance.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

PYMNTS

JUNE 25, 2020

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to be a focus, too, as businesses gradually reopen and as employees begin to return to the office. Asking the Right Questions.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

PYMNTS

APRIL 23, 2020

Business Continuity Is Key. Through our experience with previous black swan events and other crises, we know that a comprehensive business continuity plan should be developed and continuously evolved. This is imperative to mitigating impact.

Credit Union 63

Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

Center for Payments

SEPTEMBER 15, 2022

The FFIEC Guidelines require financial institutions to implement a solid business continuity management program, which includes an effective Business Continuity Plan. The past few years have taught us the importance of a solid business continuity plan.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

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. Existing contracts should be reviewed based on third-party providers’ impact on critical business services.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

The Fintech Times

NOVEMBER 27, 2024

“Effective regulation targets specific areas – such as anti-money laundering protocols, capital reserve requirements and third-party risk assessments of crypto companies – without applying blanket restrictions that stifle growth.

Regulations 112

Regulations Stablecoins Risk Consulting 112

PYMNTS

JULY 1, 2020

For many companies that had been laggards in their modernization efforts, this digitization process wasn’t simply about business continuity — it was about business survival. In a frenzy, organizations dove headfirst into their digital transformations as a result of the global pandemic.

Automation 100

Automation Process Use Case Assessments 100

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. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

APRIL 11, 2018

In collaboration with professional services firm Aon, HP is rolling out an enterprise cybersecurity solution that includes hardware security protection, risk assessment and remediation, incident response and cyber-insurance options.

Risk 43

Risk Cybersecurity Risk Management Risk Assessment 43

PYMNTS

AUGUST 12, 2020

.” Funding Circle reportedly considered wielding open banking in years past — and today, it’s looking at the legislation again, and evaluating how it might be able to elevate its credit assessment workflows. Recent improvements in the customer experience have made open banking more attractive for Funding Circle, added Jacobs.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

Fintech News

MAY 20, 2024

The COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities.

FinTech 135

FinTech Embedded Finance BNPL AI 135

The Fintech Times

AUGUST 30, 2024

After successfully onboarding a new customer, businesses can use this feature to re-verify the customer’s identity at any point in the customer lifecycle. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication 64

Authentication Due Diligence Verification Compliance 64

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

FICO

MARCH 30, 2020

We did not assess how they might behave once the crisis that triggered their financial stress was starting to pass. Lenders and DCAs have been trying to maintain business continuity in the face of a significant reduction in their workforce and the challenges of home basing those they can.

Returns 81

Returns Non-Bank Assessments Risk 81

The Payments Association

OCTOBER 11, 2024

These audits will assess whether the firm’s systems and controls are adequate to prevent safeguarding failures, which is essential for reducing risks to consumer funds and building trust within the payment sector. Gladius Assurance Principal Dennis Cheng tells Payments Intelligence that this presents an opportunity to “systemise”.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

NOVEMBER 18, 2020

Ledford explored some of those emerging use cases and offered insight into what's next for the RTP network that could add even more opportunities for financial institutions (FIs) and businesses to extract value from real-time payments. Today's Most Valuable Use Cases. But certain trends are emerging.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

FloQast

OCTOBER 21, 2024

For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business. A proactive approach will ensure your business continues to benefit from everything your software offers. What are the pain points for you and your team?

Reconciliation 52

Reconciliation Automation Process Best Practices 52

FICO

MARCH 2, 2021

Many creditors across financial services, motor finance and the energy sectors are now offering self-serve digital tools to support customers' affordability assessments. It's a channel that has saved many firms thousands of man-hours in advisers' time and ensured those that are not in need have been able to maintain their payments.

AI 52

AI Risk Credit Cards Assessments 52

Neopay

JANUARY 2, 2024

One of the key aspects of ensuring that the business operates within the regulatory requirements is through effective monitoring and oversight of all business activities, such as financial crime, safeguarding arrangements, financial promotions, complaints handling, business continuity, and operational resilience, among many other areas.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

Stax

DECEMBER 6, 2023

However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do. Businesses—especially small and medium businesses— continually seek ways to offset these expenses and improve profit margins, leading to the rise of credit card surcharging.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

AUGUST 28, 2019

With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. With that in mind, one can assume that real-time payment technologies are far from the top of businesses’ priorities when it comes to embracing new payment processes.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

JUNE 17, 2016

With a slew of successful venture-backed businesses, such as Shopify , FreshBooks , and KIK , as well as a network of emerging local VCs looking to grow support for the ecosystem, Toronto is gaining a great deal of attention from the tech industry worldwide. Making Digital Pay Off.

Small Business 53

Small Business Enrollments On-Demand Innovation 53

PYMNTS

MARCH 16, 2016

Officials there are still assessing the business case of adopting ISO 20022, with the Federal Reserve Bank of New York recently telling PYMNTS that there is a struggle to convince the market of ISO 20022’s benefits. As a result, businesses continue to rely on paper-based payment methods, such as checks.”. and Canada.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

FICO

NOVEMBER 30, 2022

This can be done through a combination of macroeconomic factors and transactional data serving as early warning indicators and delivering input into business continuity planning and credit risk strategies. Further complicating a fair assessment was government sponsored stimulus packages, which veiled factual customer affordability.

Risk 52

Risk Credit Cards Online and Mobile Banking Regs 52

FICO

MAY 18, 2020

Organisations are having to assess how much impaired debt they can afford to hold and how they manage out that which they need to release, since a substantial proportion of the held impairment will be on paying accounts. . Macro and micro economic data. Industry sector data. Regulator Help and Expectations.

Regulations 52

Regulations Credit Risk Push-to-Card Risk 52

PYMNTS

JANUARY 23, 2018

The result is a neglected stack of scanners in a corner of a storage room or rucked away in an operations area, with no way to assess the value of that inventory and what can be repurposed.”. The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

Nanonets

SEPTEMBER 22, 2023

By capturing and analyzing vendor performance information, businesses can identify trends, assess supplier capabilities, and make strategic decisions regarding vendor selection and contract negotiation. This data-driven approach empowers organizations to optimize their procurement process, minimize risks, and drive business success.

Automation 52

Automation Compliance Risk Process 52

FICO

MARCH 25, 2020

For example, BaFIN (the Federal Financial Supervisory Authority in Germany) is offering some freedom in their assessment of capital requirements. Business Continuity Planning. Most C&R operations have high volumes of staff across tightly knit teams.

Risk 40

Risk Best Practices Data Security Governance 40

FICO

JUNE 9, 2022

New prospects appear out of nowhere and complete bank loan or insurance paperwork… but before you can verify their identity, assess their risk potential, and approve then, they’ve already signed with someone else. Across your product portfolio, you are losing clients at a faster rate than you are gaining them.

Non-Bank 52

Non-Bank Rules AI Blocks 52

Nanonets

SEPTEMBER 29, 2023

Scalable: As your business continues to grow, manual payment management becomes increasingly challenging to scale. Carefully assess each platform's features, user interface, and reporting capabilities to ensure they align with your organization's preferences and requirements.

Payments 52

Payments Reconciliation Automation ACH 52