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Planning an Internal Audit Risk Assessment

FloQast

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.

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Future of Payment Security Takes Center Stage at PCI SSC Meeting in Hanoi

Fintech News

This event will gather payment security professionals from across the region to discuss developments in global payment security, industry trends, and standards. The PCI SSC Asia-Pacific Community Meeting is coming to Hanoi, Vietnam from 20-21 November 2024.

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TBML: What Is Trade-Based Money Laundering?

FICO

In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends. In my next post, I will focus on the challenges faced in countering the TBML problem and some of the recent industry trends. Efforts to Combat Trade-Based Money Laundering”.

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Company Valuation 101: The Example of Fintech Startups

Fintech Review

It provides external stakeholders, especially investors, a tangible metric to assess a company’s potential return on investment. Each of these valuation methods offers a different lens through which to assess the worth of a fintech startup, taking into account its unique position in the fast-paced and innovative fintech ecosystem.

FinTech 105
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Challenges in Countering Trade-Based Money Laundering

FICO

In this second part, we will explore the challenges of countering TBML and explore some recent industry trends. Transformational Change and Industry Trends. A recent study conducted by BNY Mellon “ Global Payments 2020: Transformation and Convergence ” notes a number of evolving trends and challenges.

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Difference Between Metrics and KPIs in the Payments Industry

Clearly Payments

They serve as the foundation for assessing the overall health and performance of a payments business. This metric is crucial for assessing the reliability and efficiency of the payment processing system. This metric reflects the financial significance of the processed transactions.

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Understanding Risk Management Strategies as a PayFac

Stax

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Some PayFacs completely avoid working with merchants from such industries.