Assessments, Due Diligence and Risk Mitigation

Ncontracts Acquires Third Party Risk Management Company Venminder

Finovate

SEPTEMBER 4, 2024

Kentucky-based Venminder offers a SaaS platform for third-party risk management that helps more than 1,200 customers manage their vendor relationships– from onboarding to offboarding. Photo by Edmond Dantès The post Ncontracts Acquires Third Party Risk Management Company Venminder appeared first on Finovate.

Risk Management

Risk Management Risk Due Diligence Acquirers

Understanding Risk Management Strategies as a PayFac

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.

Risk Management

Risk Management Risk Regulatory Compliance Payment APIs and Integration

What SMBs Risk When They let Supply Chain Threats Linger

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology.

Risk

Risk Due Diligence Risk Mitigation Mitigation

Webinars

7 Essential Criteria for Choosing the Right Payments Partner

MORE WEBINARS

Understanding Risk Management Strategies as a PayFac

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. This means PayFacs always need to be vigilant.

Risk Management

Risk Management Risk Money Laundering Mitigation

Mastering the Art of Vendor Selection: A Friendly Guide

Nanonets

SEPTEMBER 22, 2023

Effective vendor management contributes to cost optimization, risk mitigation , and quality assurance. Risk mitigation : Thorough vendor evaluation and ongoing monitoring can minimize the risks associated with disruptions, delays, or subpar product or service quality.

Risk Mitigation

Risk Mitigation Mitigation Risk Assessment Assessments

Compliance Execs Forge Closer Ties With Corporate Buyers

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance

Compliance Due Diligence Risk Mitigation Risk

FCA Authorisations: How are things changing? Are things improving?

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. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes

Financial Crimes Money Laundering Compliance Crime

Fintech Drives Financial Institutions to Rethink Outsourcing Strategies

Fintech News

JUNE 5, 2024

The Strategy-Risk model features a distinctive two-loop design – the strategy loop and the risk loop – with each loop comprising seven nodes that represent the different stages and activities undertaken in an outsourcing process. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech

FinTech Mitigation Risk On-Demand

Affiliate Marketing and Secure Payments

Segpay

OCTOBER 4, 2023

The risk is exceptionally high when merchants refrain from subjecting their affiliates to solid due diligence (KYC screening) during the customer acceptance process. They understand the unique compliance risks associated with this industry and can provide guidance and solutions tailored to address them.

Security

Security Due Diligence Compliance Payments

AI Meets AML: How Analytics Improve Compliance and Cut Costs

FICO

FEBRUARY 14, 2017

We have seen some improvement in the false positive rate through the use of the risk-based approach (RBA), which banks have been implementing to comply with international regulations (such as the 4 th EU ML directive, BSA 4 pillars, and FATF 2012). customers are automatically categorized into a risk bucket.

AML

AML Compliance AI Money Laundering

In Bank/FinTech Linkups, Eyeing Risk To Reap Rewards

PYMNTS

JULY 19, 2018

We can’t stranglehold innovation by putting all sorts of different rules and risk mitigation platforms in place.”. The stages of third-party risk management, including partnerships, Mitchell and Epperson explained, can be catalogued across identification, assessment, management and control.

Risk

Risk FinTech Risk Management Privacy

The Role of Risk Orchestration in Enhancing Financial Institution Agility Against Emerging Threats

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “Automated workflows facilitate real-time risk management, ensuring a coordinated response to evolving threats.

Risk

Risk Financial Crimes AML Risk Management

7 Best Practices for Preventing Government Fraud in Payments

Core

FEBRUARY 6, 2024

Government Accountability Office’s Fraud Risk Management Framework , a framework rooted in leading practices for both prevention and response is crucial to successfully manage fraud risk mitigation for government programs. Such a framework can only work when multiple strategies are implemented at once.

Best Practices

Best Practices Governance Government Fraud Prevention

How Suppliers Can Take The Lead On Supply Chain Risk Management

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management

Risk Management Risk Risk Mitigation Mitigation

Payments Space

Ncontracts Acquires Third Party Risk Management Company Venminder

Understanding Risk Management Strategies as a PayFac

What SMBs Risk When They let Supply Chain Threats Linger

Webinars

Understanding Risk Management Strategies as a PayFac

Mastering the Art of Vendor Selection: A Friendly Guide

Compliance Execs Forge Closer Ties With Corporate Buyers

FCA Authorisations: How are things changing? Are things improving?

Fintech Drives Financial Institutions to Rethink Outsourcing Strategies

Affiliate Marketing and Secure Payments

AI Meets AML: How Analytics Improve Compliance and Cut Costs

In Bank/FinTech Linkups, Eyeing Risk To Reap Rewards

The Role of Risk Orchestration in Enhancing Financial Institution Agility Against Emerging Threats

7 Best Practices for Preventing Government Fraud in Payments

How Suppliers Can Take The Lead On Supply Chain Risk Management

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