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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Equifax Combines Credit Bureau Insight With Real-Time Transaction Data for Affordability Assessments
The Fintech Times
NOVEMBER 14, 2024
Credit reference agency Equifax UK has launched a new solution for lenders, combining bureau insights with real-time transaction data accessed via open banking and statistical estimates to boost affordability assessments and customer outcomes.
Assessments 57
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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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How to Package and Price Embedded Analytics
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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.
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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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.
The Ultimate Guide to Assessing Table Extraction
Nanonets
NOVEMBER 11, 2024
This post dives into table extraction evaluation, beginning with the essential components and metrics for gauging extraction quality. Roadmap for the Post: • Understanding Table Extraction : Core components and unique challenges. • Basic Metrics : Starting metrics for assessing extraction quality.
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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?
Dwolla Partners with Plaid to Future-Proof Pay by Bank Payments
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. The post Dwolla Partners with Plaid to Future-Proof Pay by Bank Payments appeared first on FF News | Fintech Finance.
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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Understanding the Dora Compliance: A Comprehensive Guide
VISTA InfoSec
OCTOBER 21, 2024
ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT). This ensures that systems can withstand and recover from disruptions.
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Assessing Digital Identity — You Need to Ask “Who?” AND “Why?”
FICO
DECEMBER 19, 2022
Assessing Digital Identity — You Need to Ask “Who?” With this framework, FIs can effectively take false positives and assess for authorized fraud/scam exposure. See all Posts. Related posts. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37. by Adam Davies. Vice President, Product Management. expand_less Back To Top.
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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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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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Future of Payment Security Takes Center Stage at PCI SSC Meeting in Hanoi
Fintech News
NOVEMBER 18, 2024
Navigating the Quantum Shift: A Framework for Transitioning to Post-Quantum Cryptography: Experts will guide attendees through the steps necessary to prepare for the quantum computing era and adopt quantum-resistant security measures.
HSBC Helps Singapore SMEs Boost Sustainability with New Loan
Fintech News
NOVEMBER 20, 2024
The HSBC Sustainability Improvement Loan links the interest rate on the loan to the borrower’s sustainability rating, as assessed by EcoVadis. Featured image credit: Edited from Freepik The post HSBC Helps Singapore SMEs Boost Sustainability with New Loan appeared first on Fintech Singapore.
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10 Ways Peer-to-Peer Lending is Challenging RBI’s Traditional Lending Regulations
Finezza
NOVEMBER 8, 2024
Unlike regulated banks, which must adhere to the strict RBI guidelines for documentation, credit assessment, and compliance, P2P platforms often operate with minimal requirements.
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Proposed Bill Could Allow Police to Restrict Bank Accounts of Potential Scam Victims
Fintech News
NOVEMBER 10, 2024
These applications will be assessed on a case-by-case basis and will require proof of legitimate needs. Individuals can appeal the restriction to the Commissioner of Police, with a guarantee of a swift assessment process. The restrictions will be valid for 30 days, with possible extensions up to a maximum of 150 days.
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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 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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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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Final CFPB open banking rule to force innovation
Bank Automation
OCTOBER 23, 2024
Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial Protection Bureau’s announcement of the finalized rule.
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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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Mastercard and ASEAN Foundation Team Up on Cybersecurity
Fintech News
NOVEMBER 13, 2024
For the public sector, the programme will deliver specialised webinars on cybersecurity challenges, conduct crisis simulation exercises to assess cyber readiness, and develop research reports and risk assessment tools for ASEAN governments. Satvinder Singh, Deputy Secretary-General of ASEAN for ASEAN Economic Community.
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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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Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion
Fintech News
OCTOBER 28, 2024
Frederic Ho, VP, Asia Pacific, Jumio Jumio’s comprehensive data hub provides access to a wide array of industry-leading, third-party data sources to provide additional assurance of customers’ identities and assess their risk to automatically drive decisions in client workflows.
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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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Brankas and ADVANCE.AI Team Up for Open Banking Compliance
Fintech News
NOVEMBER 6, 2024
The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely. The post Brankas and ADVANCE.AI These tools are also intended to reduce the risk of fraud and scams. Brankas and ADVANCE.AI
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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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Navigating the FCA’s Consumer Duty: Key insights and action steps for payments firms
The Payments Association
OCTOBER 22, 2024
It represents a major regulatory shift, requiring firms to enhance governance, fair value assessments, and customer support, with significant compliance challenges. According to the FCA, every firm is expected to assess the risks their products and services carry to consumers and act accordingly to prevent potential harm.
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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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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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