FloQast

JULY 9, 2024

As the financial landscape continues to evolve, the importance of reliable and efficient Financial Close management software cannot be overstated. That’s why the release of G2’s Summer 2024 Grid Report is always eagerly awaited, as it offers a comprehensive assessment of the leading solutions in the field.

Continuity 78

Continuity Reconciliation Finance Accounts 78

The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. “By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. Take embedded insurance as a good example here.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

VISTA InfoSec

OCTOBER 20, 2023

Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Service Continuity : Ensures essential healthcare services remain operational. However, ePHI is vulnerable to threats like cyber attacks and natural disasters, making disaster recovery planning (DRP) vital.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Documenting any suspicious activity or messages seen prior to isolation.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

The Fintech Times

JANUARY 4, 2024

Buy Now Pay Later (BNPL) services’ popularity has continued to grow over the last year. The Buy Now, Pay Later sector in the UK is currently unregulated, meaning that there is no duty for the providers to run background and affordability assessment checks on the users.

BNPL 75

BNPL Continuity Risk Finance 75

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. This is to ascertain whether these systems continue to not necessitate anti-virus software. OR -> Carries out continuous behavioral analysis of systems or processes.

PCI DSS 130

PCI DSS Phishing Best Practices Procedures 130

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 88

Risk Assessment Payment APIs and Integration Verification Assessments 88

Fintech Review

MAY 7, 2024

Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. This dynamic learning process allows them to adapt and improve continuously.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 90

Money Laundering Risk Crime Law Enforcement 90

The Payments Association

DECEMBER 11, 2024

The result is a continuous need for businesses and financial institutions to evolve their fraud prevention strategies rapidly to keep up with advanced algorithms designed to exploit system weaknesses. This requires continuous investment in technological capabilities, ongoing staff training and a culture of vigilant innovation.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

Fintech Review

FEBRUARY 13, 2024

This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities. This development must be an ongoing process, as the fintech landscape is continuously evolving, and regulatory frameworks must evolve with it to maintain effective consumer protection.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Finovate

SEPTEMBER 23, 2024

The technology will also proactively adjust portfolios based on market trends, economic forecasts, and client life changes, continuously aligning investments with a client’s long-term goals. Real-time risk assessment To reduce operational risks, Agentic AI can autonomously assess the organization and market in real time.

AI 105

AI Assessments Compliance Automation 105

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 112

Deepfake Scams Fraud Detection Verification 112

The Fintech Times

MARCH 26, 2024

.” Flood risk Bob Schiller , director of product innovation at insurer SageSure addresses the significant gap in flood insurance coverage by highlighting the role of data in accurately assessing flood risk and facilitating insurers’ adaptation to evolving risks. times more properties that have substantial flood risk.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

Fintech Finance

AUGUST 7, 2024

In addition to issuer processing, Orenda will benefit from Tribe’s proprietary Risk Monitor platform, which allows for real-time assessment of banking transactions against an array of predefined conditions. It also enables the real-time assessment against global sanctions, PEP and Adverse Media databases.

Issuers 90

Issuers Process Payment APIs and Integration Processors 90

Fintech News

JANUARY 10, 2024

Lawrence Wong Wong’s statement said, “MAS will continue to work with financial institutions to assess additional measures for higher risk transactions, including those relating to transfers to overseas payees and access of bank accounts from overseas locations.

Accounts 93

Accounts Scams Phishing Payee 93

Fintech Finance

JUNE 20, 2024

Adyen , the global financial technology platform of choice for leading businesses, today was recognized as a Leader in the IDC MarketScape: Worldwide Retail Online Payment Platform Software Providers 2024 Vendor Assessment[1] and IDC MarketScape: Worldwide Retail Omni-channel Payment Platform Software Providers 2024 Vendor Assessment[2].

Payment APIs and Integration 74

Payment APIs and Integration Assessments FinTech Payments 74

VISTA InfoSec

FEBRUARY 13, 2024

Vulnerability assessments involve scanning systems for known weaknesses, while penetration testing (or pen testing) takes a more aggressive approach by simulating cyberattacks to evaluate the effectiveness of current security measures. 5/5 - (1 vote)

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Review

NOVEMBER 27, 2024

Alternative Credit Scoring Models Fintech companies use data beyond traditional credit scores, such as transaction histories, online reviews, and even social media presence, to assess risk. Tala assesses creditworthiness through smartphone data, while Kiva uses peer-to-peer lending to connect small businesses with global investors.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

Fintech News

JUNE 12, 2024

This technology enhances risk assessment by generating a real-time security posture score within a minute, allowing eligible small and medium-sized enterprises to obtain instant policy issuance in under 10 minutes. It integrates an advanced cyber risk exposure scanning solution into the underwriting process.

Risk Assessment 72

Risk Assessment Assessments Cybersecurity Underwriting 72

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

Fintech Finance

SEPTEMBER 16, 2024

Ecospend will continue to offer its Open Banking solutions to enhance parts of HMRC’s payment processes and deliver innovative data solutions for taxpayers. Our technology will allow HMRC to continue to offer a simple, fast, and secure payment experience.”

Payment Reconciliation 86

Payment Reconciliation Reconciliation Governance Government 86

PYMNTS

JANUARY 8, 2021

One such rule currently being internally and externally assessed is the $100,000 daily transfer limit, which she anticipates will be raised. We will definitely see that continuing to evolve,” Whisler said. First is continuing education about the payments ecosystem as an experience. Limits And Fees.

RTP 139

RTP TCH Funding Agent Continuing Education 139

The Payments Association

NOVEMBER 25, 2024

Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Fintech News

AUGUST 20, 2024

“This requires a resilient banking system because it can affect the continuity of bank operations and businesses. The guide complements existing OJK policies, including the Banking Digital Transformation Blueprint and various regulations on IT implementation, cyber resilience, and digital maturity assessments for commercial banks.

AI 96

AI Mitigation Assessments Risk 96

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

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Seon

MARCH 20, 2024

Digital Footprinting as a Critical Assessment Tool As businesses bleed five percent of their annual revenues to fraud, the imperative to reassess and fortify their fraud prevention strategies mounts. Preparing for the Future The future of fraud prevention is not static; it is a continuous battle against evolving threats.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Fintech News

OCTOBER 6, 2024

It will allow law enforcement, sector supervisors, and government bodies to seamlessly screen databases and assess entities of concern for potential risks. Such crimes will continue to evolve and remain a threat to all international financial centres.

Money Laundering 104

Money Laundering Law Enforcement Financial Crimes Due Diligence 104

Fintech Review

JANUARY 24, 2024

One might argue that the rigorous processes banks employ in assessing loan applications reflect a diligent risk management approach. Innovative strategies like peer-to-peer platforms and AI for risk assessment are revolutionizing the market, offering tailored loans and faster approvals, thereby boosting customer satisfaction.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

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 88

Consumer Protection Consumer Risk Management Best Practices 88

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 90

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 90

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

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). Transactions tested included retail transfers among individuals and retail payments with merchants for purchasing goods and services.

CBDC 105

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 105

The Fintech Times

SEPTEMBER 14, 2024

Incorporating high-quality, comprehensive data enables teams to assess risk more accurately and make informed decisions, leading to proactive risk management and fostering innovation and competitive advantage in the industry.” “Likewise, machine learning algorithms continuously learn from data, improving accuracy over time.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

Fintech Finance

JULY 24, 2024

Given the span of PayU GPO’s operations, increased synergies within the risk team will be essential to ensure a continued smooth roadmap of product development and implementation. Four key pillars will fall under Simona’s leadership, including: Privacy : Maturing the processes already in place, ensuring agility and scalability.

Risk 87

Risk Privacy Compliance Regulatory Compliance 87