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Assessments Mitigation Risk Assessment 
VISTA InfoSec
DECEMBER 2, 2024
A proactive approach to risk management allows businesses to identify, assess, and mitigate these threats before they can bring operations to a standstill. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.
VISTA InfoSec
DECEMBER 2, 2024
A proactive approach to risk management allows businesses to identify, assess, and mitigate these threats before they can bring operations to a standstill. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.
VISTA InfoSec
OCTOBER 25, 2023
Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!
130 
Fintech News
JULY 1, 2024
Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The country also collaborates with the private sector and academic institutions to enhance its understanding of these risks.
114 
FloQast
NOVEMBER 20, 2023
One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?
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.
109 
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. The NRA concludes that, given the existing controls, the risk of criminals using Singapore for environmental crimes money laundering is medium-low.
110 
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.
88 
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. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted.
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.
109 
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.
98 
VISTA InfoSec
SEPTEMBER 5, 2024
This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Lets get started.
130 
VISTA InfoSec
OCTOBER 21, 2024
This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Let’s get started.
130 
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.
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.
107 
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. Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks.
72 
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.
114 
Seon
JUNE 24, 2024
The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.
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.
88 
The Payments Association
JANUARY 29, 2025
Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. October 2024: TD Bank$3 BillionAML TD Bank was fined $3 billion, including a $1.3
VISTA InfoSec
NOVEMBER 12, 2024
SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0
130 
VISTA InfoSec
NOVEMBER 12, 2024
SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans. Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0
130 
VISTA InfoSec
JULY 31, 2023
After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.
130 
Clearly Payments
JANUARY 8, 2024
In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.
The Payments Association
NOVEMBER 25, 2024
While emphasising the importance of robust anti-money laundering (AML) measures, the FCA has consistently advocated against indiscriminate de-risking. Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors.
88 
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.
59 
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.
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. Key Benefits: Proactive Risk Monitoring : Enhanced efficiency through automation and reduced false positives with advanced algorithms.
PYMNTS
MARCH 23, 2020
“But at the same time, they have all lacked a credible tool to conduct an assessment of these [SMBs] in an independent way.” “We’re be able to source directly from current accounts and have an [SMB] risk score calculated on a daily basis — that’s really amazing.” Expanding The Data Scope.
75 
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.
VISTA InfoSec
OCTOBER 20, 2023
Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats.
PYMNTS
SEPTEMBER 25, 2018
The updates include connectivity with third parties, allowing its Fusion Framework System users to engage with their suppliers and other third parties in supply chains to streamline the vendor risk assessment process. The enhancement means third parties can more easily participate in a holistic risk mitigation strategy, Fusion noted.
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.
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. Infrastructure.
70 
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. Cybersecurity trends in 2024 Munich Re highlights several key risks and trends expected to shape the cyber threat landscape in 2024 and beyond.
107 
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.
102 
Stax
AUGUST 22, 2024
In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. The due diligence doesn’t stop at onboarding.
Stax
JANUARY 8, 2024
PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. So you must have risk avoidance, risk identification, and risk reduction strategies in place to combat fraudulent transactions.
The Fintech Times
MARCH 29, 2024
From enhancing risk assessment accuracy to personalising products and services, insurers are leveraging data analytics to optimise decision-making processes, mitigate risks and cater to evolving consumer needs. “Fraudulent claims are a key concern for every insurance company. .”
Fi911
DECEMBER 19, 2023
As integral players in the payment ecosystem, banks must focus on chargeback prevention and mitigation. ML employs computational statistics and mathematical models to establish normal user behavior and enhance predictive accuracy. This, in turn, is helping enhance the customer experience and reduce administrative burdens.
PYMNTS
DECEMBER 9, 2020
Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. 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.
98 
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.
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.
Neopay
MAY 7, 2024
The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. This includes references to the travel rule and updates to sections on risk assessment and fraud.
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