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.

Risk Assessment 52

Risk Assessment Money Laundering Assessments Regulations 52

CB Insights

AUGUST 12, 2021

Moody’s , an integrated risk assessment firm, has acquired RMS , a risk management solutions provider, for $2B. RMS: California-based RMS is a provider of climate and natural disaster risk modeling and analytics. The company has over 400 risk models that cover 120 countries. Want the full post?

Risk Assessment 66

Risk Assessment Assessments Risk Acquirers 66

CB Insights

FEBRUARY 16, 2022

RapidRatings , a supplier risk management software provider, has raised $200M in a Series C funding round that drew participation from 22C Capital and Spectrum Equity. Want the full post? The post RapidRatings raises $200M from Spectrum Equity for its supplier risk management software.

Risk Management 59

Risk Management Risk Assessments Participant 59

Neopay

NOVEMBER 22, 2024

These information sharing requirements include the results of testing including scenario testing and incident management playbook exercise and any action taken as a result, the annual self-assessment, and the maximum tolerable level of disruption set for each service provided to the firm.

Rules 52

Rules Third-Party Service Provider Assessments Risk Management 52

Fintech News

APRIL 16, 2024

This collaboration aims to introduce AI-led credit risk management to KBZ Bank, enhancing its ability to assess creditworthiness across retail and SME products with greater accuracy and efficiency. said Sanjay Uppal, Founder and CEO of FinbotsAI.

Credit Risk 99

Credit Risk Risk Management AI Assessments 99

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.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech Finance

SEPTEMBER 18, 2024

ISO 27001 certification demonstrates that Tribe has implemented robust information security and risk management systems to protect information confidentiality, integrity, and availability in today’s evolving cyber landscape.

ISOs 82

ISOs Security Payment Security Payment APIs and Integration 82

Fintech News

SEPTEMBER 15, 2024

XenCapital, since its inception in 2021, has disbursed over US$ 700 million in loans to businesses, focusing on risk management and understanding merchant needs across the region. 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.

Security 111

Security Financial Inclusion Risk Management Assessments 111

Fintech News

AUGUST 6, 2024

The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. When assessing a change in substantial shareholder, criteria like track record, financial soundness, and fitness are considered. billion (EUR 1.5

Consumer Protection 91

Consumer Protection Consumer Risk Management Best Practices 91

FloQast

MAY 9, 2024

However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes. Amidst these challenges, the recent enhancements to FloQast’s Compliance Management solution offer a beacon of hope for finance and accounting teams.

Compliance 99

Compliance Audit Risk Assessment Assessments 99

FICO

APRIL 10, 2019

for example, the Chamber of Commerce and FICO have launched a quarterly Assessment of Business Cyber Risk that looks at whole industries, through a roll-up of the FICO® Cyber Risk Score. As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management?

Risk Management 40

Risk Management Risk Best Practices Compromise 40

Fintech News

OCTOBER 8, 2024

Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 71

Service Provider Due Diligence AML Money Laundering 71

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Fintech Finance

AUGUST 7, 2024

In addition to issuer processing, Orenda will benefit from Tribe’s proprietary Risk Monitor platform, which allows for real-time assessment of banking transactions against an array of predefined conditions. It also enables the real-time assessment against global sanctions, PEP and Adverse Media databases.

Issuers 92

Issuers Process Payment APIs and Integration Fraud Prevention 92

The Fintech Times

SEPTEMBER 11, 2024

Nova Credit ’s Cash Atlas platform will provide cash flow analytics to help lenders on MoneyLion’s platform assess credit risk by using consumer-permissioned bank transaction data. The integration of cash flow data could help expand credit access while maintaining risk management practices.

Underwriting 59

Underwriting Risk Management Credit Risk Issuers 59

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 95

Third Party Vendors Cybersecurity Mitigation Encryption 95

Fintech News

MAY 8, 2024

New measures that will take effect this year include mandatory risk-awareness assessments for customers, bans on trading incentives, and restrictions on providing credit for cryptocurrency transactions. In November last year, MAS had also approved stablecoin issuance aligned with its proposed regulatory framework. .”

Addressing 91

Addressing Stablecoins Monetary Loss Cryptocurrency 91

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. ” The post ServiceNow Lands AI Partnerships with Visa and EY appeared first on Fintech Singapore.

AI 99

AI Disputes Risk Management Risk Assessment 99

Fintech Finance

AUGUST 23, 2024

In addition to issuer processing, SetldPay will also benefit from Tribe’s proprietary Risk Monitor platform, which allows for real-time assessment of card transactions against an array of pre-defined conditions, along with the real-time assessment against global sanctions, PEP and Adverse Media databases.

Issuers 92

Issuers Process Reconciliation AML 92

The Fintech Times

APRIL 16, 2024

With this move, KBZ Bank will help accelerate the adoption of AI-led credit risk management in Myanmar. Integrating CreditX With CreditX, FinbotsAI’s AI-powered credit scoring platform, KBZ Bank will be able to assess the creditworthiness of applicants across retail and SME products.

Checks 69

Checks Credit Risk Risk Management Assessments 69

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. The post Improving Onboarding, User Data Checks and Identifying Fraud, Cashfree Payments Launches Secure ID appeared first on The Fintech Times.

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

Fintech Review

JANUARY 24, 2024

One might argue that the rigorous processes banks employ in assessing loan applications reflect a diligent risk management approach. The efficiency of the loan process also hinges on the banks’ ability to manage their resources. The post Are banks good at lending? appeared first on Fintech Review.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

Fintech News

JUNE 2, 2024

Additionally, the tests could lead to the wider use of information sharing in fraud detection, building on its success in assessing cybersecurity threats. These pilots are rooted in responsible use of AI and are aligned with emerging global standards, such as ISO 42001, the NIST AI Risk Management Framework, and the EU AI Act.

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT AI 104

Fintech Review

MAY 28, 2024

The Evident AI Index assesses AI performance and maturity at major global banks. The Evident AI Index offers an independent, outside-in assessment of AI performance. We aimed not only to identify gaps and assess AI maturity in corporations. In risk management, AI algorithms can process vast amounts of data.

AI 97

AI Assessments Risk Management Fraud Detection 97

Fintech Finance

JULY 24, 2024

PayU GPO , the leading online payment service provider operating in over 50+ emerging markets, today announces the appointment of Simona Covaliu as Chief Risk Officer. Security : Implementing new solutions to support staying ahead of evolving threats.

Risk 89

Risk Privacy Compliance Regulatory Compliance 89

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Companies can analyze BIN data to track transaction patterns, better understand customer demographics, and assess risk in different regions or among various card types.

Process 77

Process Processors Payments Compliance 77

Neopay

DECEMBER 6, 2023

The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Finovate

MARCH 13, 2024

Compliance and oversight The ruling specifically calls out banking as an “essential private and public service” and categorizes it as a high-risk use of AI. Therefore, banks using AI systems must assess and reduce risks, maintain use logs, be transparent and accurate, and ensure human oversight.

AI 111

AI Laws Fraud Detection Assessments 111

The Fintech Times

JULY 20, 2024

HKMA explained it selected participants based on which institutions it felt demonstrated a genuine interest in developing a stablecoin issuance business in Hong Kong with a reasonable business plan, during the assessment process. RD Technologies will continue to contribute to the development of the Web3 ecosystem in Hong Kong.”

Stablecoins 105

Stablecoins Participant Cross-Border Issuers 105

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. Senior management must also receive training to understand safeguarding processes and risks.

Compliance 52

Compliance Procedures Audit Risk Management 52

Fintech Finance

APRIL 16, 2024

Together, we share the ambition to revolutionise credit risk management, providing lenders, leasing providers and financial institutions with an efficient, innovative, and seamlessly integrated credit assessment experience.”

Checks 52

Checks Payment APIs and Integration Credit Risk Risk 52

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis.

Risk 59

Risk Financial Crimes AML Risk Management 59

The Fintech Times

OCTOBER 20, 2024

The post ZainTECH and Urbi Join Forces to Drive Geospatial Innovation across MENA appeared first on The Fintech Times.

Innovation 52

Innovation Risk Management Assessments Blockchain 52

FloQast

JANUARY 2, 2024

Businesses that navigate the ever-changing risk management landscape are the ones that will be most likely to succeed. PWC’s 2022 Global Risk Survey reveals that organizations embracing risk management as a strategic organizational capability are twice as likely to expect revenue growth of 11% or more in the following year.

Risk Management 52

Risk Management ISOs Risk Mitigation 52

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. Achieving this balance is critical to satisfying customers without undermining risk management strategies.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Finovate

SEPTEMBER 23, 2024

Power f raud detection and risk management While GenAI can continuously monitor transactions to detect anomalies and identify fraudulent patterns, Agentic AI can instantly flag suspicious activities, alert relevant parties, and even block transactions. Photo by cottonbro studio The post Are You Ready for Agentic AI?

AI 105

AI Assessments Compliance Automation 105

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is the process of evaluating a business’s risk before providing it with a merchant account to process electronic payments. Merchant underwriting requires a thorough assessment of a business’s potential financial risks to ensure safe and secure transactions.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52