VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Compliance Legal Best Practices 130

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Fintech Times

APRIL 8, 2024

While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third parties that use them. To find out more about the regulatory hurdles the BaaS space possesses, we reached out to industry leaders and asked them which regulatory challenges fintechs should be most aware of.

FinTech 116

FinTech Regulatory Compliance BSA Money Laundering 116

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Neopay

AUGUST 5, 2024

This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. Furthermore, procedures for reporting safeguarding issues and understanding the legal and regulatory implications of non-compliance should be part of the training.

Compliance 52

Compliance Procedures Audit Risk Management 52

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks. Furthermore, financial crime controls have failed to keep pace with the rapid growth of these businesses.

AML 52

AML Financial Crimes Crime Risk Assessment 52

FICO

FEBRUARY 15, 2021

Deciding to use FICO Siron solutions to mitigate risk coming from bribery and corruption. New Regulatory Requirements. Working with FICO and its partner Printec , Eurobank took this opportunity to establish more comprehensive KYC and AML processes as well as mitigate risks related with correspondent banking.

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. In addition, AI employs predictive analytics to assess and analyze historical claims data.

AI 102

AI Process Fraud Detection Compliance 102

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations.

MFA 130

MFA Credential PCI DSS Compliance 130

Seon

SEPTEMBER 20, 2024

Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers. Regulatory compliance adds another layer of complexity. Expand Your Credit Horizons Learn how alternative credit data is reshaping credit assessment.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Regulatory Compliance : Ensures ongoing compliance with global standards and simplifies regulatory reporting with automated report generation.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Neopay

MARCH 22, 2024

Key priorities include: Consumer protection: The FCA will assess firms’ adherence to the high standards set by the Consumer Duty, ensuring long-term financial wellbeing through the Advice Guidance Boundary Review, and making sure pension products deliver value for money.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. Deepfakes, synthetic identities and account takeover fraud are growing threats that require advanced identity proofing and risk assessment.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Fintech News

JULY 24, 2024

This involves technological considerations, business alignment, and regulatory compliance. Finally, the Evaluation stage ensures continuous assessment and improvement. Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks.

Finance 115

Finance Risk Mitigation Automation AI 115

Neopay

APRIL 8, 2024

Additionally, they should begin assessing how the regulatory changes will impact their internal fraud frameworks, including policies, due diligence processes, and training. Firms are encouraged to provide formal feedback to HM Treasury by 12 April 2024, to influence the final instrument and policy intent.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

EBizCharge

JULY 3, 2024

Regulatory Compliance Maintaining regulatory compliance is critical, given the ever-evolving nature of industry-specific legislation and standards. Businesses must, therefore, conduct due diligence in assessing the security protocols of their chosen billing providers to mitigate potential data vulnerabilities.

Regulatory Compliance 52

Regulatory Compliance Due Diligence Process Compliance 52

The Finance Weekly

OCTOBER 15, 2023

Regulatory Compliance: Stay compliant with financial regulations, monitoring and managing legal risks associated with AI implementation. Algorithmic Bias: Mitigate biases in AI algorithms to ensure fair decision-making in financial processes. Avoid high-stakes applications without human review.

AI 52

AI Risk Automation Data Security 52

Nanonets

MAY 31, 2023

All of these can reduce a business’s competitive edge, from delays in decision-making to poor strategic planning, even leading to difficulties in maintaining financial integrity, which increases the likelihood of fraud or regulatory action. AI can help mitigate these issues.

AI 122

AI Finance Fraud Detection Mitigation 122

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. Mitigating controls. Infrastructure.

Risk 70

Risk Security Risk Assessment Risk Management 70

PYMNTS

MAY 2, 2019

Their partnership will focus on promoting regulatory compliance and digitization of cross-border trade , with the NextGen solution providing analysis of trade transactions, natural language processing to assess unstructured data and customer activity and process automation that aligns bank resources and policies. ”

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

FloQast

JANUARY 2, 2024

It involves understanding the processes for identifying, assessing, and responding to risk, defining risk appetite, and planning business objectives aligned with the overall strategy. Performance measurement, risk identification, and prioritization are vital aspects of this component.

Risk Management 52

Risk Management ISOs Risk Mitigation 52

PYMNTS

AUGUST 23, 2019

Waddell comes to Walmart from SunTrust Bank , where she most recently served as executive vice president and chief compliance officer. In that role, she partnered with teams across the enterprise to assess and mitigate risk. Rodriguez will provide legal advice and counsel to the company’s financial services teams.

Governance 59

Governance Government Compliance Regulatory Compliance 59

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

JULY 11, 2023

In today's business landscape, organizations face a myriad of challenges related to financial integrity, regulatory compliance, and operational efficiency. Effective purchases controls ensure compliance with regulations, mitigate risks and promote operational efficiency.

Procedures 40

Procedures Audit Mitigation Assessments 40

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. It's surprising to me that something like corporate standing is not part of compliance.". On Tuesday (Sept.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

The Fintech Times

MARCH 18, 2024

Enhanced security and regulatory compliance In sectors like finance, healthcare, and technology, stringent regulations govern the protection of sensitive information from unauthorised access or misuse. Multi-dimensional analysis AI algorithms are powerful detectives in the fight against fraud.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

Segpay

DECEMBER 7, 2023

Appointing compliance officers Allowing external audits Providing access to data to researchers Enabling users to flag illegal or harmful content. More information about secure payment practices and their importance in maintaining regulatory compliance can be found here.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

PYMNTS

JANUARY 24, 2019

That’s the idea behind Dun & Bradstreet’s D&B Compass solution, launched this week to automate third-party risk management for procurement and compliance professionals. However, D&B data identified areas in which technology is not meeting procurement professionals’ compliance needs.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

FloQast

MAY 13, 2024

You can start by assessing what data your organization is collecting and what insights you can extract from that data. Regulatory Compliance Shifting regulatory standards have always shaped the accounting industry, and that trend will continue into the foreseeable future.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Fintech News

JANUARY 16, 2024

Banks must proactively plan and adapt to mitigate these risks effectively. Banks must assess their readiness to address interest rate-related risks and potential economic challenges. This technology can significantly reduce costs, minimise disruptions, and enhance regulatory compliance.

AI 112

AI Risk Non-Bank On-Demand 112

EBizCharge

JULY 18, 2024

Regulatory compliance EDI payments help businesses adhere to industry standards and regulatory requirements by ensuring that all electronic transactions are formatted and transmitted according to established protocols. Therefore, a solid data backup strategy is essential to mitigate risks.

ACH 52

ACH Transactions Payments Funds Transfer 52

EBizCharge

JULY 8, 2024

Effective P&L management requires a confluence of robust financial strategies and operational efficiencies, targeting sustained revenue growth while mitigating direct costs and operating expenses. Each of these elements serves as a critical signpost for financial report assessment.

Adjustments 52

Adjustments Accounts On-Demand Finance 52

Nanonets

MAY 7, 2024

Overall, expense reconciliation is critical to ensuring financial accuracy, regulatory compliance, fraud prevention, efficient budget management, and informed decision-making. By prioritising expense reconciliation, businesses can maintain financial integrity and achieve their long-term financial goals.

Reconciliation 52

Reconciliation Best Practices Compliance Credit Cards 52

FICO

FEBRUARY 14, 2017

I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. RBA follows a multi-step approach: After initially assessing any risks (money laundering, tax fraud, etc.), That’s what a compliance officer is looking for. customers are automatically categorized into a risk bucket.

AML 40

AML Compliance AI Money Laundering 40

PYMNTS

OCTOBER 10, 2018

According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance. For FIs, analysts and technology must be able to identify spender patterns, and ask questions to assess whether a transaction is out of a payer’s typical character.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

The Fintech Times

SEPTEMBER 19, 2024

“This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. Risk orchestration provides a strategic approach that enables seamless compliance and fraud management for financial institutions.

Risk 59

Risk Financial Crimes AML Risk Management 59