CB Insights

OCTOBER 26, 2017

In this analysis, we examine current research on brain-machine interfaces, the next hurdles to achieving AI-augmented brains, and existing and potential applications for this mind-altering technology, from gaming and education training to behavior modification. ” –IBM research study . . ” –IBM research study .

Research 58

Research AI CHIPS Assessments 58

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

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Identity spoofing, meanwhile, has increased 20 percent. Technology’s Role.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

MARCH 8, 2019

The company provides risk mitigation tools for vendor, cyber, natural disaster and human capital-related risks, reports noted, facilitating real-time data visibility across a range of sources for businesses to assess their supply chains’ exposure. “We coming from larger corporates. for example.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

PYMNTS

DECEMBER 9, 2020

Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults. The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

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. Having been in operation for just over a year, ComplyTek has been recognized by Chartis Research as the top 50 best AI solution in the global RegTech space.

Instant Payments 92

Instant Payments Transactions Payment APIs and Integration Compliance 92

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

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Assess data readiness Evaluate the quality, accessibility, and relevance of your financial data.

AI 122

AI Finance Fraud Detection Mitigation 122

FloQast

JANUARY 22, 2025

Comprehensive Gap Assessment One of the first steps was analyzing our existing controls through the lens of ISO 42001s requirements. We conducted training sessions led by senior leadership to ensure that our Research and Development teams fully understood the objectives of our AI Management System.

ISOs 105

ISOs AI Accounts Audit 105

PYMNTS

JANUARY 24, 2019

Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. AI is able to assess information, not necessarily based on hard data, too — for instance, how a third party’s risk profile might be impacted by negative press and a degraded reputation.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. While comprehensive, these models often lack the specificity and nuance needed for the financial services sector.

FinTech 88

FinTech Mitigation Risk On-Demand 88

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. Risk management is about identifying, assessing and controlling risk from an operational level and making decisions to balance the benefits,” Beare told PYMNTS in a recent interview.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

PYMNTS

MAY 12, 2016

Kount breaks those nine “deadly costs” into three categories: fraud mitigation expense, lost sales and transactional costs – and then further separates those costs into “visible costs” vs. “hidden costs.” ” Fraud Mitigation Breakdown: The Nine Costs. This is according to LexisNexis research.

Mitigation 52

Mitigation Fraud Prevention Processors Assessments 52

Fintech News

JUNE 3, 2024

Microsoft says it mitigated an average of 1,955 attacks per day that year, a 40% increase from the prior year. In the insurance industry, AI is also poised to enhance risk assessment, offer customized coverage, improve incident monitoring, and streamline operations, it says. trillion annually by 2025.

Ransomware 84

Ransomware APACS Cybersecurity AI 84

PYMNTS

APRIL 13, 2020

Researchers at Atradius released findings last October that found a spike in the percentage of surveyed small businesses selling to their corporate customers on credit, from 38.6 “It’s not really blockchain that solves this problem,” Brouwer said of how Finturi mitigates this threat. percent in 2018, to 59.5

Finance 62

Finance Small Business Blockchain Assessments 62

PYMNTS

OCTOBER 23, 2020

But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Speaking with PYMNTS, Bohler explored how the pandemic has added an even greater level of complexity to the risk mitigation process, and why diversifying the supply chain can mean diversifying risk — if done properly.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

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

Faster Payments Council

SEPTEMBER 12, 2022

Join this session to learn more about exchange framework assessments and pilot programs backed by the Business Payments Coalition (BPC), Federal Reserve and industry. In fact, 83% report they already use digital wallets or fintech mobile apps and 62% plan to use faster payments more.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

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

PYMNTS

OCTOBER 16, 2018

Land Gorilla links construction lenders with technology to manage that lending process, a space that involves complexities and requires lenders to assess and manage risk based on a deluge of factors. Separate Contract Simply research found that it takes a lender an average of 5.5

Mitigation 64

Mitigation Payments Risk B2B 64

PYMNTS

JUNE 15, 2018

Financial analytics firm RapidRatings and procurement technology company SynerTrade are collaborating on a solution for companies to mitigate procurement risk. “Proactive risk management , which can often be costly and resource-intensive, is the best approach for mitigating risk and maintaining continuity of operations.

Risk Management 43

Risk Management Mitigation Risk Mitigation Risk 43

Nanonets

OCTOBER 18, 2024

In this blog, we will - dive into the concept of hallucinations, explore the different types of hallucinations that can occur, understand why they arise in the first place, discuss how to detect and assess when a model is hallucinating, and provide some practical strategies to mitigate these issues. What are LLM Hallucinations?

SARS 97

SARS Assessments Mitigation Use Case 97

PYMNTS

JANUARY 31, 2019

.” The report also issued a slight warning to the industry: While faster payment innovations and technologies are progressing, solutions “tend to focus on technology more than risk,” with less attention paid to risk mitigation and legality than to speed. “As the U.S. trillion in the U.S. a decade ago.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

FICO

MAY 22, 2017

While a few have been critical that it was not bold enough, most reviewers seem to be endorsing the main message, both for what it does (initiating broad self-assessments by agencies), and for what it does not do (consolidate all accountability in the DoD). This, of course, requires an assessment of risk.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

Fintech News

MAY 20, 2024

Similarly, research by GoodFirms found a notable uptick, with 46.5% As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively. of businesses reporting an increase in webinar hosting, and 28.3%

FinTech 119

FinTech Embedded Finance BNPL AI 119

Nanonets

NOVEMBER 14, 2023

Equally important is risk management, which includes assessing and mitigating risks associated with supply chain disruptions, price volatility, and supplier reliability. This involves analyzing procurement data to assess performance against set objectives, identifying areas for improvement, and making necessary adjustments.

Assessments 52

Assessments Risk Risk Management Mitigation 52

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

Fintech Finance

FEBRUARY 29, 2024

Together, Socure and Trustly’s combined capabilities increase conversion rates and shorten user onboarding by up to 5x, according to Trustly’s research. 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

PYMNTS

SEPTEMBER 29, 2017

One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. Sixty percent said that internal regulatory examinations include an assessment of risk management practices. Managing Risk.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

The Fintech Times

JUNE 20, 2024

So what can firms do to better mitigate this risk? Mitigating security gaps Despite tightening regulations, financial firms still encounter multiple cybersecurity blind spots. For banks, a successful cyber-attack can bring about monumental financial losses.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

JULY 15, 2020

Speaking with PYMNTS, eCapital Corporate President Steve McDonald explained that small businesses can indeed find value in such offerings, but emphasized the importance of SMBs doing their research when it comes to assessing all of their financing options. The Right Fit.

Innovation 54

Innovation Due Diligence End User Small Business 54

PYMNTS

JUNE 24, 2016

. “Our idea behind introducing the Spend Management Platform is to provide enterprises true business intelligence over spending and help them increase efficiency, while mitigating risks from a single platform.” Analytics provides real-time data for businesses to monitor and assess spend across various categories.

Mitigation 40

Mitigation Assessments Research Accounts 40

PYMNTS

JANUARY 27, 2020

As a platform designed to assess and display an SMB borrower’s most appropriate financing options, from cards to loans, Nav positions itself as a facilitator of transparency for SMBs. Ultimately, the cheapest option for SMB funding may not be the best fit, Ott said. The Close Ties of Cash Flow and Funding.

Small Business 62

Small Business Point-of-Sale (POS) Finance Facilitators 62

The Fintech Times

MARCH 12, 2024

The e-book FX for Business, for Dummies , explores the technical nuances of FX, a global market valued at $7.5billion by The Business Research Company. The book emphasises there is no universal solution for FX endeavours and that it is important to conduct thorough research before selecting a partner.

Best Practices 64

Best Practices Cross-Border Cross-Border Payments Mitigation 64

FICO

JUNE 26, 2017

We recently commissioned a study from independent research company Ovum on how organizations are tackling cybersecurity and what they plan to do next. We therefore expected that cyber risk insurance would be an increasingly important way in which organizations are mitigating their risk. They are unclear on how premiums are set.

Cybersecurity 49

Cybersecurity Data Breach Assessments Breach 49

PYMNTS

MAY 27, 2020

Boeing and Airbus , the world’s two largest airline manufacturers, are working jointly to research what airlines’ new standard operating procedures ought to be to prevent COVID-19, according to The Wall Street Journal (WSJ). And although Memorial Day weekend brought an uptick in air travel — more than 1.5

Research 52

Research Procedures Risk Mitigation 52