The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

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 130

Mitigation Regulations Laws On-Demand 130

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

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 Continuity Risk 114

The Payments Association

FEBRUARY 10, 2025

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

NOVEMBER 25, 2024

Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Payments Association

FEBRUARY 14, 2025

As stablecoins gain traction, firms must assess compliance requirements, security risks, and integration strategies to ensure readiness. Firms should assess the risks of stablecoin transactions, including volatility, cybersecurity threats, and regulatory changes. From left to right): Martin Cook, Matthew Jones, and Brandon Wong

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

NOVEMBER 27, 2024

This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.

Crime 110

Crime Financial Crimes Travel Rule Blockchain 110

VISTA InfoSec

OCTOBER 21, 2024

Providing advice on and monitoring the performance of impact assessments related to data protection. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs). Working closely with the supervisory authority on processing-related matters.

CCPA 208

CCPA Privacy Assessments Laws 208

Fintech Review

OCTOBER 16, 2024

To mitigate impermanent loss, many investors choose to provide liquidity to pools with stablecoins or pairs that have lower volatility. This due diligence helps in assessing whether the high yield rates are likely to be maintained or are a temporary phenomenon.

Assessments 98

Assessments Risk Returns Audit 98

The Payments Association

DECEMBER 2, 2024

She commented, “The feedback pertains to the broader financial services market, and while not all comments are directed specifically at payment firms, the assessment highlights where the FCA identifies gaps or weaknesses in implementation. PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. Without clear accountability mechanisms, assessing whether an AI systems actions align with privacy regulations or ethical standards becomes nearly impossible.

Privacy 88

Privacy Payment Security AI Security 88

Nomentia

MARCH 3, 2025

Recent events, coupled with the interest rate volatility across the world have cause many a treasurer to ask: What is our current liquidity position? What are our primary and secondary sources of liquidity? What counterparty risks could affect our liquidity? What are our contingency funding plans in case of a liquidity shortfall?

Liquidity Risk 59

Liquidity Risk Mitigation Assessments Risk 59

VISTA InfoSec

OCTOBER 7, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

The Fintech Times

MAY 5, 2024

Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk. ” The post Resilience Launches New Cyber Risk Tools to Empower Clients to Improve Their Risk Mitigation appeared first on The Fintech Times. .

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

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 277

Risk Ransomware Phishing MFA 277

Neopay

DECEMBER 4, 2024

Why responsible data sharing matters The UK GDPR and the Data Protection Act 2018 (DPA) support the responsible sharing of personal data when mitigating scams and fraud. For scams and fraud prevention, legitimate interests often apply, requiring a robust three-part legitimate interests assessment (LI assessment).

Scams 52

Scams Fraud Prevention Laws Assessments 52

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

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

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

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

The Fintech Times

MARCH 31, 2025

So we are delighted to support smaller companies as well as larger corporates with this innovative AI driven insurance product, creating pricing mitigations that were previously only available to multinationals and speculators through hedging strategies.

Risk 64

Risk AI Underwriting Gateways 64

Fintech News

FEBRUARY 10, 2025

It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive. However, ethical implementation and regulatory oversight remain critical to ensuring its benefits are maximised while mitigating risks.

AI 73

AI FinTech Fraud Detection Fraud Prevention 73

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.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Review

MARCH 25, 2025

Nikos Andrikogiannopoulos, CEO of Metrika, emphasized the significance of the collaboration: “By bringing our technology together with Moody’s Ratings’ expertise in evaluating financial exposures, we demonstrated how digital asset risks can be quantified within traditional risk assessment systems.

Risk 52

Risk Assessments Risk Management Blockchain 52

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. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

M2P Fintech

APRIL 10, 2025

Supported by robust mutual fund collateral, LAMF enables financial institutions to extend lower interest rates to borrowers while significantly mitigating their own risk exposure. Provides real-time LTV ratio calculations and proactive shortfall alerts to maintain sufficient collateral coverage, mitigating risks from market volatility.

Regulatory Compliance 52

Regulatory Compliance Mitigation Compliance Automation 52

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 114

Stablecoins Assessments Risk Assessment Risk 114

FloQast

JANUARY 22, 2025

Comprehensive Gap Assessment One of the first steps was analyzing our existing controls through the lens of ISO 42001s requirements. This measured approach not only mitigates risks, but also unlocks new possibilities for our customers. Heres a closer look at how we earned this recognition and strengthened our operations along the way.

ISOs 105

ISOs AI Accounts Audit 105

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

Fi911

FEBRUARY 26, 2025

Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments. Conduct a PCI-DSS Gap Assessment: Identify deficiencies in your security posture compared to PCI-DSS requirements.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

Finovate

MARCH 14, 2025

SBCA uses anonymized, item-level transaction data to help lenders assess small business financial performance, enabling faster underwriting, reduced risk, and improved loan terms.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

Fintech Review

APRIL 3, 2025

William Rieke, whose background includes financial modeling and automation, added, We are applying AI not only to assess sentiment and trends but also to refine execution strategies in real time. Our systems are structured to interpret large-scale data inputs, allowing us to manage volatility and risk exposure effectively.

AI 52

AI Risk Management Risk Assessment Assessments 52

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. These systems enhance our security framework and ensure smooth, uninterrupted customer service.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. Test the IRP periodically to ensure its effectiveness in mitigating cyber incidents. Conduct regular vulnerability scans and penetration tests.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

VISTA InfoSec

SEPTEMBER 27, 2024

Providing advice on and monitoring the performance of impact assessments related to data protection. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs). Working closely with the supervisory authority on processing-related matters.

CCPA 130

CCPA Privacy Assessments Laws 130