Fintech News

FEBRUARY 21, 2024

To mitigate these quantum-related cybersecurity risks, MAS advises financial institutions to develop crypto-agility—the ability to transition from vulnerable cryptographic algorithms to PQC efficiently without significantly impacting their IT systems and infrastructure.

Third Party Vendors 108

Third Party Vendors Cybersecurity Mitigation Encryption 108

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 Acquirers Due Diligence 59

Innovative Payments Association

SEPTEMBER 5, 2024

In today's interconnected business landscape, companies often rely on third-party vendors, suppliers, and partners to help them operate efficiently and effectively. In addition to monitoring performance, organizations should also pay close attention to compliance and risk management aspects of third-party relationships.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants. On the other hand, banks must implement practices that ensure fair and inclusive treatment of consumers, and compliance with applicable laws and regulations.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

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

APRIL 11, 2016

One startup has just emerged from stealth mode in an effort to mitigate that risk. The company focuses on mitigating supplier and vendor risk for financial institutions by assessing how secure those suppliers and vendors operate online. RiskRecon automates this process, reports said. “We

Third Party Vendors 40

Third Party Vendors Assessments Mitigation Risk 40

Core

MARCH 19, 2024

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52