VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

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. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering 88

Money Laundering Compliance AML BSA 88

VISTA InfoSec

MARCH 5, 2024

Now is the time for organizations to re-evaluate their physical security strategies, conduct updated risk assessments, and refine their protection processes to align with these enhanced standards. certifications too right from scoping to Readiness Assessment, Advisory and Final Certification.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. Risk assessments and due diligence of third parties should be reviewed regularly based on your safeguarding policy. This includes imposing safeguarding reviews.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements.

52

52

The Fintech Times

JULY 11, 2024

Singapore, Denmark and the UK Julia Wilkinson, sustainable finance and impact investing manager at Lebec Consulting Julia Wilkinson , sustainable finance and impact investing manager at Lebec Consulting , explains: “Countries that remain focused on digital inclusion and committed to net zero work hard to create supportive ecosystems.

FinTech 105

FinTech Finance Innovation Governance 105

Neopay

JULY 23, 2024

The guidance is open for consultation until 18 October 2024, and the FCA welcomes further input. Our comprehensive services include risk assessment tools, policy reviews, and staff training programs designed to ensure your organisation meets regulatory standards while maintaining fair and transparent practices.

Risk Assessment 52

Risk Assessment Compliance Legal Risk 52

The Fintech Times

MARCH 1, 2024

Confide has unveiled plans to broaden its influence by establishing its European operational base in The Hague, and to continue refining its features, including the integration of AI-driven risk assessments and improved compatibility with corporate systems. Innopay complements Oliver Wyman’s existing payments consulting capabilities.

FinTech 64

FinTech Point-of-Sale (POS) Consulting Embedded Finance 64

Center for Payments

SEPTEMBER 15, 2022

The purpose of a Business Continuity Plan is to focus on a subset of operational risk factors, identifying, assessing, and reducing risk to an acceptable level through the development, implementation, and maintenance of a written, enterprise-wide business continuity plan.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

Fintech News

MAY 16, 2024

FWD Singapore In Singapore, the insurtech sector is leveraging artificial intelligence (AI)-driven risk assessment to transform the insurance industry. Income Insurance is also a social enterprise, and says it is therefore committed to making insurance inclusive and works towards benefiting the wider community in Singapore.

Online and Mobile Banking 104

Online and Mobile Banking Innovation Blockchain Fraud Detection 104

VISTA InfoSec

AUGUST 22, 2023

Principle of data minimization: Only the minimum amount of biometric data necessary for the intended purpose should be collected and processed, requiring careful assessment and avoidance of excess. Voiceprint: Assessment of vocal attributes such as tone, pitch, and enunciation.

Privacy 130

Privacy Compliance Legal Best Practices 130

The Fintech Times

APRIL 8, 2024

. “If you are the provider of an AI system, you have to be able to demonstrate that you’ve put a range of controls in place when you are building an AI system in terms of data quality, data governance, technical security around the AI system, and then ultimately complete a conformity assessment,” he explained.

AI 59

AI Risk Legal Framework Use Case 59

The Fintech Times

MARCH 12, 2024

It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.” As evidence mounts showing that EVs can be safer than traditional vehicles, insurers must adjust their risk assessments and pricing models accordingly.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

FEBRUARY 19, 2019

They must also have a “good level of system security,” employ at least three employees who are Certified Information System Security Professionals (CISSP), and undergo a risk assessment process. Germany has launched a consultation process aimed at learning how to fully utilize blockchain technology, according to Reuters.

Bitcoin 65

Bitcoin Regs Risk Assessment Blockchain 65

The Fintech Times

DECEMBER 14, 2023

Take, as a few examples, the way AI is now used for risk-assessment purposes, analysing large amounts of data, and assessing creditworthiness quickly and effectively. According to Whitecap Consulting , Leeds is now home to more than 100 fintech firms and is contributing more than £700million per year to the regional economy.

FinTech 69

FinTech Innovation Assessments Economy 69

The Fintech Times

MARCH 28, 2024

Our insurance sector partners and clients who have adopted satellite-based risk assessments see the clear benefits and have come back to ask for more. With our satellite-based monitoring and risk assessment technology we have swiftly created the capability to address this gap.

Innovation 69

Innovation Consumer On-Demand Risk Assessment 69

The Fintech Times

FEBRUARY 7, 2024

Vigilant monitoring of this behaviour will be crucial over the next year, particularly amid rising inflation, tightened consumer incomes, and the industry’s evaluation of the significance of BNPL behaviour in shaping credit risk assessments.” This transparency is crucial in busting myths and building trust.

BNPL 116

BNPL Credit Risk Risk Assessments 116

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. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

EBizCharge

JULY 15, 2024

Traditional examples of payments in arrears include utility bills, employee payrolls, or professional consultation fees. Additional billing methods Beyond arrears billing and payments in advance, businesses and clients can utilize other billing methods, depending on the nature of their transactions, trust levels, and risk assessments.

Disputes 52

Disputes Payer Legal Service Provider 52

Tearsheet

JULY 1, 2024

Start with a risk assessment. Again, partnering with knowledgeable service providers who can stay up-to-date on current regulations or consulting legal experts can help businesses stay on top of regulatory compliance. What are best practices when it comes to protecting consumer information?

BNPL 106

BNPL Online and Mobile Banking Encryption Payments 106

Nanonets

JUNE 12, 2024

KPIs serve as quantifiable measures that help businesses track and assess the efficiency of various supply chain activities. Example: Forecasting long-term industry trends by consulting with market analysts. Without these metrics, it's challenging to identify areas needing improvement or to celebrate areas of success.

Automation 52

Automation Adjustments Risk Assessment Process 52

The Fintech Times

DECEMBER 14, 2023

Davies , a global financial services consulting firm, has appointed Eoin Gill as global relationship manager and partner. The company has also announced the appointments of Steven Huynh as VP, global expansion and payment partnerships and Adewale Ayantoye as VP, risk management.

FinTech 69

FinTech Online and Mobile Banking On-Demand Risk Management 69

FloQast

MARCH 21, 2024

Some of the benefits of outsourcing include: Lower SOX internal costs Increased flexibility and agility in a rapidly changing business environment Improvements to automated processes in your internal controls system Access to proprietary technologies that can improve SOX controls testing and financial reporting Conversion of fixed costs (salaries for (..)

Compliance 52

Compliance Audit Automation Risk Assessment 52

PYMNTS

AUGUST 16, 2018

Bloomberg, citing people familiar with the situation, reported Zelle is in the process of enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses. Bloomberg, citing Crone Consulting, reported that P2P payments to businesses in the U.S.

Zelle 50

Zelle Small Business Business Payments P2P 50

VISTA InfoSec

JULY 5, 2023

Patients can access online consultations with doctors. Regularly test and assess network vulnerabilities to identify and address any weaknesses. Most merchants are in Levels 1-3 and can show they’re compliant just by filling out a Self-Assessment Questionnaire (SAQ). If you process at least 1 million, 2.5

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

The Fintech Times

JANUARY 9, 2024

More appointments FSCom , a governance, risk and compliance consulting firm for UK and Ireland financial services institutions, has named Nick Owen as an independent non-executive director. Hynd has responsibility for Chetwood Financial’s strategy through its technology, operations, and people.

FinTech 59

FinTech Non-Bank Cross-Border Payments Embedded Finance 59

FICO

JUNE 6, 2018

In the UK, affordability risk has been the subject of increased scrutiny by the Financial Conduct Authority, which, in consultation with lenders, has begun a process of stricter control in terms of treatment of consumers and assessment of their financial vulnerabilities.

Consumer 40

Consumer Assessments Risk Assessment Risk 40

CB Insights

MAY 10, 2018

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. From one perspective, the position of management consulting as an industry has never seemed more secure. Those companies made plans.

Consulting 78

Consulting On-Demand Legal Laws 78

FloQast

DECEMBER 13, 2023

It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years. It should be remembered that Arthur Andersen, the accounting firm contracted by Enron to handle its audits, used to provide Enron with substantial consulting services as well.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

The Fintech Times

MARCH 31, 2024

“AI has been a game changer and excelled in analysing vast data sets, enabling accurate risk assessments, fraud detection, and streamlined claims processing. For instance, it has the potential to offer personalised coverage and pricing tailored to customers’ needs.

Risk 64

Risk AI Underwriting Automation 64

Exact Payments

JANUARY 4, 2024

Furthermore, all new and updated code should not only be tested for known vulnerabilities but also assessed for potential unknown weaknesses. It includes regular updates, formal risk assessments, and a designated person or team to manage its implementation.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

MARCH 31, 2017

The partnership between Chainalysis and Nets will involve making risk assessments and analyzing blockchain activities in order to help banks risk-score customers, so they do not end up being used for money laundering schemes. Just Say “No” to Ransom Demands.

Bitcoin 42

Bitcoin Ransomware Cybersecurity Money Laundering 42

PYMNTS

OCTOBER 23, 2018

It reportedly is enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses. The move, seen as a direct jab at Venmo, seeks to tap into a lucrative market: Crone Consulting said that P2P payments to businesses in the U.S. will almost quadruple to nearly $17 billion this year.

Zelle 43

Zelle Venmo P2P PayPal 43

Nanonets

MAY 10, 2023

Nevertheless, it was interesting to learn, for example, about Algorithmic Justice, a field of research about the possibility of applying algorithms to criminal justice (risk assessment tools). #5. Drafting legal advice Some legal advice can be pretty simple and does not require much research, but it takes a lot of time to create it.

Legal 52

Legal Laws AI Procedures 52

PYMNTS

APRIL 26, 2016

Enova Chief Analytics Officer Joe DeCosmo said the company’s Analytics-as-a-Service brand, Enova Decisions , powered by its real-time decision-making platform, Colossus, is designed to meet that need and help lenders use those insights and capabilities for customer acquisition, fraud risk assessments, customer operations or even payment processing.

ACH 44

ACH Payments Same Day ACH Use Case 44