VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Assess the environment by identifying where and how cardholder data is stored, processed, or transmitted within your business operations. of PCI DSS. of PCI DSS.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Yet even the most advanced risk mitigation efforts can’t entirely avoid the threat of disruption. I think that’s why adoption of electronic payments has been a little slow.”.

Business Continuity 114

Business Continuity Mitigation Risk Continuity 114

PYMNTS

APRIL 10, 2020

Banks providing loans to small and medium-sized businesses (SMBs) would be a part of a yearly assessment that the China Banking and Insurance Regulatory Commission (CBIRC) will supervise, Reuters reported. A guideline impels commercial lenders to provide SMBs with loans at a rate that is not below the lending growth rate in the industry.

Assessments 60

Assessments Regs Finance Mitigation 60

VISTA InfoSec

APRIL 28, 2024

offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks. It is of utmost importance for banks to ensure the safety and security of the cardholders’ data. The Payment Card Industry Data Security Standard (PCI DSS) compliance 4.0 5/5 - (2 votes)

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 108

Money Laundering Crime Risk Law Enforcement 108

FICO

MAY 29, 2020

In the UK alone, it is estimated that more than 80 million affordability assessments are completed each year, most of which are done manually over the telephone. It has taken a long time, but the capabilities are now available to make affordability assessment quick, safe, forward-looking, and intelligent.

Assessments 52

Assessments Mitigation Adjustments Risk 52

The Finance Weekly

JANUARY 9, 2022

Many investors and stakeholders are attempting to hold companies to a certain standard of emissions and mitigation efforts, or a future commitment to one. These risk assessments are no longer pushed to the back burner of what-if scenarios, but rather companies are treating these scenarios as an important aspect of forecasting.

Mitigation 52

Mitigation Regulations Laws On-Demand 52

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 106

Money Laundering Risk Crime Law Enforcement 106

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

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. Stolte , assistant vice president at Amica.

Risk 59

Risk AI Risk Assessment Assessments 59

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. There are several ways heightened data management can yield more effective risk mitigation , Hazeltree noted.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

Fintech News

DECEMBER 12, 2023

Credit rating agency S&P Global Ratings has unveiled its new stablecoin stability assessment service, designed to evaluate their capability in maintaining a stable value in comparison to traditional fiat currencies. The assessment methodology employed by S&P Global Ratings is thorough and multifaceted.

Stablecoins 112

Stablecoins Assessments Risk Assessment Risk 112

PYMNTS

OCTOBER 29, 2020

It's vital for organizations to not only understand the current financial risks their suppliers pose, but to remain continuously proactive to assess the trajectory of their business partners in the future. "There are companies that had preexisting conditions, and the story only got worse.". Beyond Financials. The Trajectory of Risk.

Risk 57

Risk Mitigation Assessments Shutdown 57

Fintech News

AUGUST 20, 2024

Dian highlighted that while digitalisation offers significant efficiency benefits, it also introduces challenges and risks that must be mitigated to ensure banking stability. “This requires a resilient banking system because it can affect the continuity of bank operations and businesses.

AI 109

AI Mitigation Assessments Risk 109

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

Stax

AUGUST 22, 2024

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. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 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. It is essential to mitigate these risks to prevent potentially devastating impacts.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech News

APRIL 28, 2024

The accreditation was granted following a meticulous evaluation process conducted by SFA, with an independent assessment by Price Waterhouse Coopers (PwC). Introduced in October 2022, the BNPL Code of Conduct aims to mitigate risks of consumer over-indebtedness and ensure fair practices within the sector.

BNPL 106

BNPL Compliance Accreditation Consumer Protection 106

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime.

Financial Crimes 107

Financial Crimes Crime Money Laundering Law Enforcement 107

Neopay

JULY 29, 2024

Without these defined outcomes, it is challenging to assess performance accurately. Unclear management information: Firms often struggle with identifying or accessing the necessary management information or data required for their assessments. This will provide a clear benchmark for your assessments.

Consumer 52

Consumer Assessments Compliance Best Practices 52

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. This makes cybersecurity education a crucial component of any comprehensive cyber defence strategy.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. 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.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Neopay

MAY 31, 2024

Additionally, the FCA implemented the Modular Assessment Proactive Programme (MAPP) and Focused Supervisory Interventions (FSI) to conduct targeted reviews and engagements with firms. Contact us today to learn how our comprehensive compliance solutions can help you bolster your financial crime prevention efforts.

Financial Crimes 52

Financial Crimes AML Money Laundering Crime 52

Fintech News

JUNE 12, 2024

The complex nature of climate change, its global impact, and varying mitigation strategies across jurisdictions make monitoring and analysing climate-related financial risks particularly challenging. In response, BIS and MAS launched Project Viridis to explore the development of a climate risk platform.

Authorization 108

Authorization Risk Assessments Central Bank 108

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Finovate

AUGUST 30, 2024

Risk mitigation and compliance solution provider ValidiFI announced this week that Community Bank & Trust selected its technology to help verify bank account ownership and possession for potential borrowers. . ValidiFI was acquired by alternative bank and payment data firm Ribbit last June.

Community Banks 52

Community Banks Tax Refunds Accounts Risk Mitigation 52

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

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives. Assessing and managing these risks quickly is paramount in maintaining financial stability.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

VISTA InfoSec

AUGUST 22, 2023

Principle of data minimization: Only the minimum amount of biometric data necessary for the intended purpose should be collected and processed, requiring careful assessment and avoidance of excess. Voiceprint: Assessment of vocal attributes such as tone, pitch, and enunciation.

Privacy 130

Privacy Compliance Legal Best Practices 130

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 106

Accounts Scams Phishing Payee 106

Finovate

SEPTEMBER 4, 2024

With Venminder, firms can manage vendors, track contract data, perform due diligence and oversight, send and score questionnaires, conduct risk assessments, systemically monitor risks across domains, order due diligence assessments on vendor controls, and more.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

The Fintech Times

AUGUST 21, 2024

” Automation and risk mitigation Automation in property management is helping to cut costs and enhance efficiency, but it’s also playing a vital role in risk mitigation. “Tools that assess and mitigate risks… can transform historical cost centres into revenue streams,” McCormick adds.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively.

Risk 242

Risk Ransomware Phishing MFA 242

Finovate

MARCH 13, 2024

Therefore, banks using AI systems must assess and reduce risks, maintain use logs, be transparent and accurate, and ensure human oversight. Compliance and oversight The ruling specifically calls out banking as an “essential private and public service” and categorizes it as a high-risk use of AI.

AI 111

AI Laws Fraud Detection Assessments 111

VISTA InfoSec

SEPTEMBER 26, 2023

Assessing Penalties for Non-Compliance In the process of determining the monetary penalty to be imposed under Section 33 (1) , the Board takes into consideration several key factors. Mitigation Efforts: The Board will consider the data fiduciary’s mitigation efforts, including their timeliness and effectiveness.

Compliance 130

Compliance Breach Privacy Mitigation 130

The Payments Association

OCTOBER 21, 2024

Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks. Many will also use this as an opportunity to re-assess the investment required and make improvements that meet the ever-changing threat of economic crime.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

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. Regulators play a key role in assessing and mitigating the systemic risks posed by fintech innovations.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105