Fintech Finance

JULY 23, 2024

Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of its 2024 Small Business Banker Scorecard. 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.

Small Business 98

Small Business Digital Payments Online and Mobile Banking Wire 98

Nanonets

DECEMBER 13, 2023

When errors occur, the system can adapt and improve over time through continuous learning, ultimately enhancing the accuracy of future data extractions. Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns.

AI 102

AI Process Fraud Detection Compliance 102

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

The Fintech Times

NOVEMBER 27, 2024

While the FCA still warns that consumers who invest in cryptoassets ‘should be prepared’ to lose all of their money, due to the continuing volatility and lack of regulation surrounding the industry, consumers appear undeterred. We hope that the FCA will continue to collaborate with enterprises in the digital asset space.

Regulations 112

Regulations Stablecoins Risk Consulting 112

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. Mitigating Risk.

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

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

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

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. of businesses reporting an increase in webinar hosting, and 28.3% Similarly, research by GoodFirms found a notable uptick, with 46.5%

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

PYMNTS

NOVEMBER 18, 2020

Indeed, it can be difficult for businesses to change their payment habits. Just ask the estimated 42 percent of small- to medium-sized businesses ( SMBs ) that continue to use paper checks to make B2B payments. Today's Most Valuable Use Cases. But certain trends are emerging.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

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

The Finance Weekly

APRIL 25, 2022

Most of these steps, which include empowering CISOs, concentrating on business continuity capabilities and investments, and improving scenario planning, intersect with the CFO’s growing role in supporting and financing the organization’s cybersecurity framework.

Finance 107

Finance Cybersecurity Risk Treasury 107

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

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

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. The Amendments reflect a continuation of that trend.

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

FICO

MARCH 2, 2021

Many businesses are slowly being overwhelmed by customer requests, calls and multi-channel contacts, as we start to approach the peak of the pandemic’s mounting debt pressures. Customer expectations had continued to skyrocket thanks to the services provided by tech giants and fintechs. AI Adds Context. The Art of the Possible.

Risk 52

Risk AI Credit Cards Assessments 52

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. Latham & Watkins will continue to monitor developments in this area.

Authorization 59

Authorization Product Due Diligence 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

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

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

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

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

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.”. banking system, too,” the executive continued, adding that the U.S. The expansion of ACH across the U.S., The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

FICO

MAY 18, 2020

In the first-party space, there continues to be a focus on the customer and customer service, as well as increased interest from the offices of the CFO and CRO as to how risk and operations are minimising unnecessary impairments. Keep a continuous track of portfolio deterioration, whilst preparing to rebuild the liquidity coverage ratio.

Regulations 52

Regulations Credit Risk Push-to-Card Risk 52

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 Process Risk 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

Nanonets

SEPTEMBER 29, 2023

By recognizing these challenges and leveraging automation and technology, you can streamline your payment processes, enhance accuracy, maintain transparency, and ensure smooth financial operations as your organization continues to expand.

Payments 52

Payments Reconciliation Automation ACH 52

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

EBizCharge

JUNE 4, 2024

Known for its adaptability, the platform allows businesses to tailor their functionalities to their specific industry needs and to scale up as they grow. Because it’s cloud-based, Acumatica provides real-time access to business data from any location, facilitating remote work and business continuity.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

EBizCharge

MAY 2, 2024

Some may feel they’re overpaying , which could impact customer loyalty and damage a business’s reputation. Competitive disadvantage: If competing businesses continue to absorb credit card fees, it may put the use of no fee credit card processing at a disadvantage pricewise.

Credit Cards 52

Credit Cards Process Processors Legal 52

Nanonets

SEPTEMBER 23, 2023

This strategy involves analyzing the organization's spend, assessing supplier capabilities, and strategically selecting suppliers based on factors such as quality, reliability, cost-effectiveness, and innovation. This objective helps to maintain business continuity and uphold customer satisfaction.

Gateways 52

Gateways RFP Value Added Service Compliance 52

Nanonets

SEPTEMBER 21, 2023

Successful ERP implementation involves defining objectives, engaging stakeholders, providing training and support, and continuous improvement. Continuously improve the ERP system by incorporating feedback and making necessary adjustments. Prepare a detailed implementation plan and timeline.

Small Business 40

Small Business Automation Risk Process 40

VISTA InfoSec

JUNE 3, 2024

These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security. Incident Response and Business Continuity A GDPR-compliant password policy should be part of a broader cybersecurity strategy that includes incident response management and business continuity planning.

MFA 130

MFA Credential PCI DSS Compliance 130