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.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

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

The Paypers

MARCH 11, 2020

Trade Ledger and Wiserfunding have teamed up to allow banks and alternative finance providers to assess their mid-market commercial customers for secured and unsecured credit.

Risk Mitigation 28

Risk Mitigation Credit Risk Mitigation Risk 28

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

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.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

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.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Fintech Finance

AUGUST 27, 2024

EURI will be available on the Ethereum and BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

Stablecoins 116

Stablecoins Multi-Currency Regulations Risk Mitigation 116

The Fintech Times

AUGUST 28, 2024

EURI will be available on the Ethereum as well as the BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

Stablecoins 80

Stablecoins Multi-Currency Risk Mitigation Risk Assessment 80

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. Evaluating potential suppliers through a rigorous qualification process can help mitigate risks and ensure that they align with the business objectives and values.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

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

PYMNTS

MARCH 8, 2019

Through the partnership, Zurich Insurance Group will provide corporate customers with riskmethods’ supply chain risk identification and management technologies. We are committed to offering our customers solutions that go beyond risk transfer,” Zurich Global Head of Property and Energy Rob Kuchinski said in a statement.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

Finovate

DECEMBER 12, 2023

“Any informed ESG assessment must be built on as large a data foundation as possible. In addition to ESG-related adverse events and controversies, ESG Fusion also provides assessments of industry-inherent risk of any given company. ” ESG Fusion leverages AI to consume large amounts of unstructured data. million (€50.5

Assessments 59

Assessments Risk Mitigation AI Mitigation 59

PYMNTS

OCTOBER 23, 2020

"That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Risk Focus In Flux. Pre-pandemic, cybersecurity risks among third-party partners like suppliers had been top priority. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

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. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech 106

FinTech Mitigation Risk On-Demand 106

Fintech News

JULY 24, 2024

Finally, the Evaluation stage ensures continuous assessment and improvement. As new systems and technologies are constantly added to the IT landscape, the risk of building what Huawei terms a “heavy architecture” is becoming increasingly difficult to manage over time.

Finance 115

Finance Risk Mitigation Automation AI 115

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.

Risk Management 73

Risk Management Risk Risk Mitigation Risk Assessment 73

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.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. ” Yet SMBs face even greater headwinds in their efforts to mitigate these risks. ” Combating Risk Through Technology. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

NOVEMBER 2, 2020

The acquisition of LLamasoft will strengthen the value of its business spend management (BSM) software for the corporate sector, at a time when firms across the board are struggling to accurately assess and balance supply and demand, Coupa noted in a press release.

Risk Mitigation 76

Risk Mitigation On-Demand NOV Acquirers 76

PYMNTS

JANUARY 7, 2021

It's a complex ecosystem, however, in which financial institutions must coordinate with insurers, institutional investors, and each other to not only originate trade finance, but mitigate risk and distribute assets. You have to look at risk in its entirety," said Gugelmann. "You There are many new ways of risk mitigation.".

Finance 70

Finance Risk Mitigation Mitigation Cross-Border 70

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

JUNE 25, 2020

Mitigating Risk. Planning for the future within an organization means mitigating risks that may or may not come to fruition. In the short term, asking these risk questions and developing metrics-based scorecards can support a real-time assessment of where organizations stand today.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

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

The Fintech Times

JUNE 3, 2024

Having assessed their in-house strengths and weaknesses and developed a clear understanding of the competitive market, the next crucial move is ensuring stakeholders from C-level to operational teams are involved. You need to carefully assess and continuously monitor this risk factor.

AI 69

AI Risk Mitigation Assessments Consulting 69

Center for Payments

SEPTEMBER 15, 2022

The purpose of a Business Continuity Plan is to focus on a subset of operational risk factors, identifying, assessing, and reducing risk to an acceptable level through the development, implementation, and maintenance of a written, enterprise-wide business continuity plan.

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years.

Finance 68

Finance Mitigation B2B Underwriting 68

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.   The auditor assesses risks, identifies key areas for review, and develops an audit plan tailored to the organization's specific needs.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

PYMNTS

JUNE 30, 2016

Scenario planning technology enables a business to take all of this into account, and more, to assess both positive and negative possible outcomes of an event. pound hit a 30-year low after the Brexit vote, businesses were scrambling to mitigate their exposure to this level of volatility. ” Hindsight is 20/20, and after the U.K.

Mitigation 40

Mitigation Treasury Treasury Management Assessments 40

PYMNTS

APRIL 27, 2016

More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. At the same time, a continued dependence on manual analytics can similarly mean a weak grip on FX risk mitigation.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

PYMNTS

JUNE 15, 2018

Financial analytics firm RapidRatings and procurement technology company SynerTrade are collaborating on a solution for companies to mitigate procurement risk. RapidRatings, owned by FHR Network , is integrating its Risk Management API technology into the SynerTrade Accelerate Platform. ”

Risk Management 43

Risk Management Mitigation Risk Mitigation Risk 43

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. The launch of D&B Compass reflects a changing ecosystem of corporate procurement compliance and the buyer-supplier relationship , noted Alster.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

The Finance Weekly

OCTOBER 15, 2023

Cybersecurity: Implement robust cybersecurity to guard against AI-related threats, regularly updating defenses against evolving cyber risks. 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

The Finance Weekly

AUGUST 26, 2023

Both industry and government regulatory bodies, along with investors, are intensively examining the risk management strategies and protocols of enterprises. Across various sectors, boards of directors are increasingly mandated to assess and disclose the effectiveness of risk management processes within their respective organizations.

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

FICO

FEBRUARY 7, 2017

Proactively understanding and addressing your organization’s security posture means you can demonstrate that your risk mitigation strategies are working to protect your organization’s digital assets.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

JULY 27, 2020

“More than ever, these businesses need real-time visibility into their spend, the ability to mitigate their supply chain risk and cautiously manage their cash flow,” she said in the release. “We’re

Risk Management 60

Risk Management Risk Mitigation Risk Assessment 60

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