Choosing the right PCI DSS SAQ for your self-assessment
Basis Theory
OCTOBER 15, 2024
We cover the PCI self assessment questionnaire and other forms in this post! A business has 2 ways of demonstrating compliance with PCI DSS.
Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns
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 assessment also notes the rising concern of far-right extremism, although it has not significantly impacted Southeast Asia.
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European Central Bank set to Stress Test 109 Banks to Assess Cyberattack Response and Recovery
The Fintech Times
JANUARY 6, 2024
The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Supervisors will subsequently assess the extent to which banks can cope under such a scenario.
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Yield Farming and Liquidity Mining: Assessing Risks and Rewards
Fintech Review
OCTOBER 16, 2024
This due diligence helps in assessing whether the high yield rates are likely to be maintained or are a temporary phenomenon. The post Yield Farming and Liquidity Mining: Assessing Risks and Rewards appeared first on Fintech Review.
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How to Package and Price Embedded Analytics
Advertisement
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Assessing Line of Credit Applications: Best Practices for Lenders
Finezza
JULY 14, 2024
Typically, such borrowers apply for a line of credit, which allows them to get access to funds […] The post Assessing Line of Credit Applications: Best Practices for Lenders appeared first on Finezza Blog. The funds may be used for a home renovation, expenses after a job lay-off, or to fund business operations.
Assessing Credit Worthiness With Alternative Data
Seon
APRIL 24, 2024
million households in the United States lack access to traditional financial services, the challenge of assessing creditworthiness is more pressing than ever. This data helps paint a picture of what to expect from customers in different regions, aiding in the detection of potential fraud and assessing loan default risks.
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Planning an Internal Audit Risk Assessment
FloQast
NOVEMBER 20, 2023
One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.
Amended Money Laundering Regulations 2017 bring changes in PEP risk assessment
Neopay
DECEMBER 20, 2023
1371) will introduce notable changes in the assessment of risks associated with Politically Exposed Persons (PEPs). In the case of customers identified as domestic PEPs or having close associations with domestic PEPs, the initial risk assessment will consider them to present a lower level of risk compared to non-domestic PEPs.
Are APAC Businesses Ready? Assessing Digital Preparedness in Finance
Fintech News
FEBRUARY 8, 2024
The post Are APAC Businesses Ready? Assessing Digital Preparedness in Finance appeared first on Fintech Singapore.
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CRIF ESG Analytics Service Empowers UK Banks in Assessing Suppliers and Customers
The Fintech Times
FEBRUARY 19, 2024
The post CRIF ESG Analytics Service Empowers UK Banks in Assessing Suppliers and Customers appeared first on The Fintech Times.
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Covid to Cost-of-Living: Assessing Affordability in Uncertain Times
FICO
AUGUST 10, 2022
Covid to Cost-of-Living: Assessing Affordability in Uncertain Times. Affordability Assessments and Unrestrained Lending. Reasonable steps to assess and understand a customer’s ability to be able to pay in the future had to be taken, to ensure financial difficulties or adverse consequences were not incurred. by Matt Cox.
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Moody’s Acquired This Climate Data And Analytics Firm To Expand Its Climate Risk Assessment Portfolio
CB Insights
AUGUST 12, 2021
Moody’s , an integrated risk assessment firm, has acquired RMS , a risk management solutions provider, for $2B. Moody’s: New York-based Moody’s is a global integrated risk assessment firm that provides analytical solutions and insights for risk management. Want the full post? Who are the parties to the deal?
Debt Collection and COVID-19: Assessing Affordability
FICO
MAY 29, 2020
In the UK alone, it is estimated that more than 80 million affordability assessments are completed each year, most of which are done manually over the telephone. It has taken a long time, but the capabilities are now available to make affordability assessment quick, safe, forward-looking, and intelligent.
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Big News: Behind the First U.S. Cybersecurity Assessment
FICO
OCTOBER 11, 2018
The first step in managing risk is quantifying it — and that’s exactly what the Assessment of Business Cybersecurity (ABC) does. Today marks the release of the first quarterly Assessment of Business Cybersecurity, at the Chamber’s Seventh Annual Cybersecurity Summit in Washington, DC. businesses. The ABCs of the ABC.
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ESP Vendor Assessment Matrix — Digital Asset Custody
CB Insights
APRIL 8, 2021
Trends highlighted in the report include: Want the full expert post? The post ESP Vendor Assessment Matrix — Digital Asset Custody appeared first on CB Insights Research. The purpose of the analysis is to guide technology buyers on the relative strength of private companies. Become a CB Insights customer.
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PCI DSS Requirement 10 – Changes from v3.2.1 to v4.0 Explained
VISTA InfoSec
MARCH 6, 2024
In this post, we’ll break down the key changes to Requirement 10 from PCI DSS 3.2.1 assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Risk Assessment Requires performing a risk assessment post-failure, to consider any further actions needed.
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Reading The Tea Leaves Of Post-Pandemic SMB Lending
PYMNTS
DECEMBER 11, 2020
But because we're in a pandemic, we're also trying to assess how they're doing in 2020, and what their plans might be to get back up and running to where they were previously.". It will also include the continuing practice of looking beyond historical data to assess SMBs' future performance when decisioning and underwriting a loan.
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Mastercard Expands Identity Attribute Verification Services to Enable Cardholders to Identify Themselves Online
Fintech Finance
OCTOBER 14, 2024
Mastercard has long supported merchants and financial institutions in assessing risk by leveraging key attributes, such as name and payment information, as part of enabling billions of secure digital interactions globally. This initiative enables businesses to verify customer identity attributes securely and seamlessly.
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Better SME Lending Systems Key To Winning Back Businesses Post-pandemic
FICO
MARCH 22, 2022
Banks need to implement advanced, real-time, SME lending systems so they can focus on collating 1st and 3rd party data for their customers, improve risk assessment, automate decisioning as much as possible and provide a lending channel that is scalable. What do SMEs need from their banking providers post-pandemic?
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Nuvei Publishes Its Third Annual ESG Report
Fintech Finance
SEPTEMBER 6, 2024
The post Nuvei Publishes Its Third Annual ESG Report appeared first on FF News | Fintech Finance. . “We remain committed to an ESG journey that relies on continuous improvement in our transparency, accountability, and results.” The full report is available to read and download online here.
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How to make compliance training engaging and audits impactful
Neopay
OCTOBER 15, 2024
Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality. Open questions encourage participants to reflect on and articulate their grasp of key topics, allowing a deeper assessment of how well they understood the material. Screening results.
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Dillard’s Surprises Department Store Sector By Posting A Profit
PYMNTS
NOVEMBER 13, 2020
The beleaguered sector, which has produced bankruptcies more than success stories, was redeemed by Dillard’s as it rode impressive cost controls and inventory management to post a profit. Even though its comp sales were off 24 percent year over year, it posted $31 million in net income. Macy’s will report on Thursday (Nov.
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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data
FICO
FEBRUARY 7, 2023
Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. Read the full post 2. Read the full post 3. Read the full post 4.
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Top 5 Debt Collection Posts for 2020: Pandemic Perspectives
FICO
JANUARY 6, 2021
Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Here were the five most popular posts in this category last year: #1. Bruce Curry brought his experience to bear in a series of posts, beginning with this one. 8 Success Tips For Debt Collection In The Pandemic.
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FCA review of payment firms’ implementation of the Consumer Duty
Neopay
OCTOBER 11, 2024
What the FCA found Of the 23 firms assessed, just over half were found to have implemented the Duty satisfactorily, although minor improvements were still necessary. Fair value assessments One of the most significant areas for improvement was in firms’ fair value assessments.
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A New Way to Score Credit Risk – Psychometric Assessments
FICO
APRIL 27, 2017
The EFL credit risk score is created through a dynamic behavioral design and psychometric assessment that analyzes character traits with a proven relationship to credit risk. For example, when assessing a new data source or scoring approach, we apply a six-point test to make sure the approach will deliver in the real world.
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S&P Global Debuts Stablecoin Ratings with GUSD, USDP, USDC Taking Top Spots
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.
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Singapore’s Money Laundering Report Flags Elevated Risks in Digital Assets, Banking
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.
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Apple acquires Credit Kudos, an open banking startup that provides credit assessments, for $150M. Credit Kudos competitors include The ID Co., Nordigen, and Direct ID.
CB Insights
MARCH 25, 2022
window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “43c769ca-a0ef-4952-9926-d926d9a4c885” }); Want the full post? The post Apple acquires Credit Kudos, an open banking startup that provides credit assessments, for $150M. Download the report to learn more.
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PCI DSS Requirement 9 – Changes from v3.2.1 to v4.0 Explained
VISTA InfoSec
MARCH 5, 2024
This blog post will delve into one such critical area – Requirement 9: Restrict Physical Access to Cardholder Data. Whether you’re a business owner, a security professional, or just someone interested in data security, this blog post will provide you with valuable insights into the latest updates in PCI DSS Requirement 9.
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Understanding the Mechanism Behind Automatic Classification of Bank Transactions
Finezza
JANUARY 4, 2024
A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.
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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti
FICO
FEBRUARY 12, 2023
Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Here are extracts from those customer development posts.
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Facebook Won’t Let Admiral Insurance Base Policies On Posts
PYMNTS
NOVEMBER 3, 2016
that would analyze a customer’s posts on Facebook to help set the premiums of the policy. We have made sure anyone using this app is protected by our guidelines, and that no Facebook user data is used to assess their eligibility. Facebook has reportedly ruled out launching a new car insurance policy from Admiral Insurance of the U.K.
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D•One and Abound Collaborate to Advance AI-Driven Lending with Open Banking Data
The Fintech Times
AUGUST 17, 2024
This collaboration enables Abound to assess borrower affordability more accurately by leveraging D•One’s transaction categorisation prowess, aiming to broaden access to affordable loans while reducing credit risk.
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Vested Impact Raises £1.1million to Boost Data-Driven Impact Scoring Platform
The Fintech Times
OCTOBER 9, 2024
Vested Impact has bagged £1.1million in seed funding, backed by female deal teams at both Impact Shakers and HearstLab, to expand its platform for rapid, data-driven ESG and impact assessments. It delivers fast, comprehensive, data-driven ESG, impact and risk assessments.
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Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules
FICO
JANUARY 10, 2023
Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Read the full post. Read the full post. Read the full post. In many instances banks have a limited number of variables that they can consider in a fraud risk assessment.
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Mobile Remote Payments Are Tailor-Made For Post-Pandemic Business
PYMNTS
APRIL 29, 2020
This is already pointing to big changes in how people shop, with mobile remote payments emerging as an early favorite in the post-pandemic reorganization of companies small and large.
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Navigating Consumer Duty board reports: key issues and practical tips
Neopay
JULY 29, 2024
Without these defined outcomes, it is challenging to assess performance accurately. Unclear management information: Firms often struggle with identifying or accessing the necessary management information or data required for their assessments. This will provide a clear benchmark for your assessments.
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Banks, Payment Providers at High Risk for Environmental Crimes Money Laundering
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. Financial institutions and DNFBPs are advised to use the findings to assess and enhance their own risk controls.
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Five Applicants Officially Submit Bids for Thai Virtual Bank Licenses, Says Central Bank
Fintech News
SEPTEMBER 23, 2024
A consortium formed by Lightnet and WeLab is reportedly competing, as is Thailand Post , following the approval from its board. The BOT will now assess the applicants based on their qualifications, potential, and capacity to operate a virtual bank, in accordance with the Ministry of Finance’s guidelines issued on 4 March 2024.
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Helicap Secures US$50 Million Credit Facility from Xendit’s Lending Arm
Fintech News
SEPTEMBER 15, 2024
Helicap has facilitated more than US$ 370 million in transactions since 2018, using credit analytics to assess millions of data points to make informed lending decisions. The company had recently raised US$4.3 million in a Series B funding round led by Kenanga Investors who contributed US$4 million to the round.
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Lexasure and OneDegree Global Unveil New Cyber Insurance Platform
Fintech News
JUNE 12, 2024
This technology enhances risk assessment by generating a real-time security posture score within a minute, allowing eligible small and medium-sized enterprises to obtain instant policy issuance in under 10 minutes. The post Lexasure and OneDegree Global Unveil New Cyber Insurance Platform appeared first on Fintech Singapore.
Global Neobank Fingular Launches “Buy Now, Pay Later” Business in Malaysia Under the Brand AhaPay
Fintech Finance
SEPTEMBER 4, 2024
We conduct thorough affordability assessments to ensure Malaysians are not further burdened by increasing household debt.” The post Global Neobank Fingular Launches “Buy Now, Pay Later” Business in Malaysia Under the Brand AhaPay appeared first on FF News | Fintech Finance.
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