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. They provide a structured approach to evaluate and enhance the effectiveness of cybersecurity measures.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Review

JUNE 18, 2024

They continually collaborate to execute strategic trading maneuvers. Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Assess operational risk regularly. Maintain comprehensive records.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

VISTA InfoSec

JUNE 3, 2024

Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations. These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security.

MFA 130

MFA Credential PCI DSS Compliance 130

The Fintech Times

SEPTEMBER 14, 2024

She explains while AI can streamline compliance processes and save compliance teams time to spend elsewhere, firms need to be careful about how they implement it. “Likewise, machine learning algorithms continuously learn from data, improving accuracy over time.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

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

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. Ensuring that sensitive information is handled and stored securely aligns with regulatory mandates, such as data protection laws.

AI 102

AI Process Fraud Detection Compliance 102

Neopay

DECEMBER 6, 2023

The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. In this guide, we discuss the dynamics of skilled person reviews, providing insights into effectively navigating this intricate regulatory landscape.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” That seismic change continues to create inherent risks that banks must address in complex and creative ways. With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37.

Assessments 52

Assessments Scams Authentication Authorization 52

The Fintech Times

JULY 31, 2024

” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment. “One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. .” “Amica earned the top spot in the J.D.

Risk 59

Risk AI Risk Assessment Assessments 59

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

CB Insights

OCTOBER 29, 2020

Currently, complex processes are needed to ensure regulatory compliance and enable secure, trustworthy trades. A number of official bodies representing major economies, including the EU and China, have launched pilot schemes to assess the use of DLT in capital markets. Please click to enlarge. Category Breakdown.

Real Time Gross Settlement (RTGS) 101

Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

Neopay

FEBRUARY 29, 2024

The focus was on assessing how additional engagement had impacted firms’ readiness for compliance. Enhanced compliance activities : Firms demonstrated increased engagement in key elements of the Duty, such as identifying target markets and appointing oversight personnel.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. In today’s regulatory environment, compliance is not just about ticking boxes; it’s about ensuring your business operates within the law and meets all necessary standards.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Risk 70

Risk Security Risk Assessment Risk Management 70

Fintech Finance

AUGUST 2, 2024

The longer the system runs, the more precise it becomes, continuously refining its rules and thresholds to reduce fraud and increase accuracy. Behavioral Analytics : Advanced analytics to analyze customer behavior, identify compliance risks, and provide insights into non-KYC activities using predictive modeling techniques.

Instant Payments 79

Instant Payments Transactions Payment APIs and Integration Compliance 79

PYMNTS

JANUARY 24, 2019

procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Tearsheet

JULY 1, 2024

Gen Z’s payment preferences will continue to drive the way the merchant community invests in and adopts financial and POS technologies. First and foremost, your security must exceed industry compliance standards. Start with a risk assessment. Continuous monitoring. Continuous monitoring helps you stay ahead of threats.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats.

Privacy 88

Privacy AI Payment Security Security 88

The Payments Association

OCTOBER 3, 2024

Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently. Implementing advanced data management solutions enables seamless data integration and real-time analytics and ensures regulatory compliance.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

AUGUST 23, 2019

Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As Waddell comes to Walmart from SunTrust Bank , where she most recently served as executive vice president and chief compliance officer.

Governance 59

Governance Government Compliance Regulatory Compliance 59

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. As APP continues to grow, consumers will expect tech companies to provide safeguards at the source of most scams.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. Effectively using AI still requires tackling some pain points, however.

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Banks must, therefore, prioritise resilience and continuity as never before. Zero Downtime ensures continuous service availability, eliminating the concept of ‘offline’ in financial services.

Finance 100

Finance Risk Mitigation Automation AI 100

PYMNTS

MAY 2, 2019

Their partnership will focus on promoting regulatory compliance and digitization of cross-border trade , with the NextGen solution providing analysis of trade transactions, natural language processing to assess unstructured data and customer activity and process automation that aligns bank resources and policies.

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Under these rules, payment firms will need to appoint independent, qualified auditors to review and verify their compliance with safeguarding requirements.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Nanonets

MAY 31, 2023

Organizations need to assess the financial feasibility and scalability of AI implementations, evaluating the costs and ensuring the benefits outweigh them. Assess data readiness Evaluate the quality, accessibility, and relevance of your financial data.

AI 122

AI Finance Fraud Detection Mitigation 122

Neopay

JULY 2, 2024

Outcome metrics : The review noted a range of metrics used by firms to assess outcomes, from customer complaints and satisfaction surveys to retention rates and claims ratios. Adopt comprehensive metrics : A blend of different metrics should be used to monitor and assess consumer outcomes thoroughly. Registration is required to attend.

Consumer 52

Consumer Compliance Regulatory Compliance Assessments 52

Neopay

MARCH 22, 2024

Key priorities include: Consumer protection: The FCA will assess firms’ adherence to the high standards set by the Consumer Duty, ensuring long-term financial wellbeing through the Advice Guidance Boundary Review, and making sure pension products deliver value for money. To read the FCA’s Business Plan, click here.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

FICO

MARCH 17, 2021

Department of Treasury report entitled the 2018 National Money Laundering Risk Assessment , identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Money laundering continues to be a significant concern – both in the U.S. This study, together with the U.S.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

The Fintech Times

NOVEMBER 26, 2024

“We are actively hiring for top compliance talent to strengthen our already industry-leading compliance program and team to match the demands of our rapidly maturing sector while global crypto adoption also grows rapidly,” said Noah Perlman , chief compliance officer, Binance. “We

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

The Payments Association

NOVEMBER 12, 2024

The reality is that building an effective transaction monitoring system requires a profound understanding of regulatory compliance, technological integration, and operational functionality. Ongoing Maintenance: Continuous updates and support require dedicated resources. have 10-14 years. Lastly, consider regional factors.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. And finally, remember your risk assessment is fundamental. No problem.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. It's surprising to me that something like corporate standing is not part of compliance.". On Tuesday (Sept.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

Nanonets

APRIL 11, 2023

This requires robust risk assessment and credit decision-making processes, which can be resource-intensive and challenging to implement effectively. Inadequate risk assessment and credit decisioning : Traditional risk assessment and credit decision-making processes may rely on limited data and subjective judgments.

Origination 52

Origination Automation Risk Assessment Underwriting 52