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Assessments Continuity Risk Assessment 
VISTA InfoSec
OCTOBER 25, 2023
Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!
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Fintech News
JULY 1, 2024
Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The assessment also notes the rising concern of far-right extremism, although it has not significantly impacted Southeast Asia.
FloQast
NOVEMBER 20, 2023
One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?
PYMNTS
MARCH 10, 2020
Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.
Neopay
DECEMBER 20, 2023
1371) will introduce notable changes in the assessment of risks associated with Politically Exposed Persons (PEPs). In the case of customers identified as domestic PEPs or having close associations with domestic PEPs, the initial risk assessment will consider them to present a lower level of risk compared to non-domestic PEPs.
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.
PYMNTS
JUNE 23, 2017
LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix. ”
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.
PYMNTS
JUNE 20, 2017
Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. There are several ways heightened data management can yield more effective risk mitigation , Hazeltree noted. One is in assessing counterparty strength.
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.
98 
VISTA InfoSec
OCTOBER 21, 2024
Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.
130 
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.
FICO
MARCH 8, 2021
eDriving SM , a leading global provider of digital driver risk management programs, has partnered with FICO to create scoring algorithms to capture driving behavior and develop a transformational predictor of a drivers’ risk level designed to help them reduce their risk of future collisions. Every year there are approximately 1.35
98 
PYMNTS
APRIL 28, 2019
Set up in 2016 by companies including Google, Microsoft, Amazon and Facebook, The Partnership on AI released a report that stated algorithmic risk assessment tools cannot properly provide the right level of transparency and accountability. This report documents the serious shortcomings of risk assessment tools in the U.S.
Fintech News
JUNE 12, 2024
It integrates an advanced cyber risk exposure scanning solution into the underwriting process. 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.
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.
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.
FICO
OCTOBER 27, 2016
ESS can be used by an enterprise to understand its cyber risk and shore up defense gaps. It is also an important assessment tool for third parties such as potential business partners and, notably, cyber insurance providers.
97 
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.
130 
Fintech Finance
DECEMBER 6, 2024
The combined solutions protect the entire digital payments environment through identity verification and fraud risk assessment while preventing chargebacks through order validation and alerting services. Latin America has one of the highest fraud rates globally, with studies showing that merchants are losing upward of 4.6%
97 
Fintech Review
FEBRUARY 13, 2024
Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. This proactive stance involves continuous engagement with technological advances and collaboration with fintech firms to understand potential vulnerabilities.
The Payments Association
NOVEMBER 25, 2024
While emphasising the importance of robust anti-money laundering (AML) measures, the FCA has consistently advocated against indiscriminate de-risking. Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors.
88 
The Fintech Times
JULY 31, 2024
“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. .” ” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment.
59 
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. This offers financial institutions an effective way to reduce fraud risks and improve compliance with regulatory requirements.
105 
PYMNTS
NOVEMBER 3, 2020
Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.
88 
Finovate
DECEMBER 11, 2024
With the launch of its new GenAI Financial Crime Detection Suite, ThetaRay aims to enhance risk assessment, streamline operational workflows, and strengthen anti-money laundering (AML) reporting to reduce fraudulent activity, such as money laundering and terrorist financing.
CB Insights
OCTOBER 26, 2016
” Since going public in 2009, the Jersey City, NJ-based data analytics and risk assessment giant in the P&C industry has used M&A … Continued. Verisk Analytics CEO Scott Stephenson has previously called the trend of insurers relying more on data a “quiet revolution.”
Stax
DECEMBER 4, 2023
With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise. 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. of global GDP.
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.
70 
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.
105 
Fintech Finance
SEPTEMBER 18, 2024
By empowering B2B businesses with the option to accept payment via terms, Slope is preserving their customers’ working capital while allowing those businesses to continue best serving their end customers. Morgan, bringing its total funding to $252m.
95 
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.
102 
PYMNTS
AUGUST 28, 2017
By adding machine learning to its risk assessment Ford will be able to tap the 26 million American adults or one in around 10 who have no credit record, making them hard to underwrite under traditional standards. They are typically a good credit risk and are expected to command $1.4
41 
Fintech News
MAY 22, 2024
Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. Founded in late 2015, the company provides regulated entities with tools to manage audit, risk, and compliance programs effectively.
Stax
AUGUST 22, 2024
In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. The due diligence doesn’t stop at onboarding.
PYMNTS
SEPTEMBER 30, 2018
1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. But for that growth to continue and scale significantly, it’s critical to identify the individual behind the digital transaction. That’s what we do.
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.
Neopay
MARCH 5, 2024
Modifications to assessment methodology: Modifications to the assessment methodology have been finalised to protect non-profit organisations from potential abuse for terrorist financing. As regulatory environments continue to evolve, Neopay is positioned to provide tailored solutions to businesses.
52 
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.
Neopay
MAY 7, 2024
The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. This includes references to the travel rule and updates to sections on risk assessment and fraud.
PYMNTS
MARCH 23, 2020
“But at the same time, they have all lacked a credible tool to conduct an assessment of these [SMBs] in an independent way.” “We’re be able to source directly from current accounts and have an [SMB] risk score calculated on a daily basis — that’s really amazing.” Expanding The Data Scope.
75 
The Fintech Times
MARCH 25, 2024
Open finance is not a static field; it continuously evolves, with new standards, regulations, and consumer demands regularly emerging. The ability to securely share and analyse financial data opens up new avenues for personalised services, risk assessment, as well as customer engagement.
115 
The Fintech Times
MARCH 29, 2024
From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “At Cowbell, we are actively assessing the cyber risk posture of over 39 million businesses in the US and the UK.
FICO
NOVEMBER 30, 2016
These intelligent scores can be used to assess risk in the underwriting process for cyber security insurance, an exploding category that CFO magazine calls a “must have” : “A September [2016] survey by the Risk and Insurance Management Society found that 80% of the companies bought a stand-alone cybersecurity policy in 2016.”
108
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