Fintech News

AUGUST 11, 2024

Thailand’s Securities and Exchange Commission (SEC) has officially launched the Digital Asset Regulatory Sandbox to support the development and testing of digital asset services in a real-world environment. The SEC will assess participants based on criteria such as capital adequacy, management structure, and operational readiness.

Regulatory Compliance 117

Regulatory Compliance Participant Advisors Adjustments 117

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Finance

NOVEMBER 3, 2024

Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay. Affirm’s expansion to the UK adds to its presence in the US and Canada.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

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

M2P Fintech

APRIL 10, 2025

Credit Assessment: Assessing the credit line based on an approved list of securities is essential for determining borrower eligibility and for mitigating risks associated with lending against mutual funds. Addressing Key Obstacles in LAMF Despite its benefits, the LAMF as a sector grapples with significant hurdles.

Regulatory Compliance 52

Regulatory Compliance Mitigation Compliance Risk 52

M2P Fintech

MARCH 24, 2025

“One-click” loans become reality through instant credit assessments. Data Analytics: Making Informed Decisions Data is now the lifeblood of modern loan management, empowering lenders with insights to assess creditworthiness, predict risk, and personalize loan terms. AI is poised to revolutionize loan origination.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Data Protection : Safeguards sensitive data, preventing legal and financial issues.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

APRIL 16, 2024

The report notes that several institutions have already started exploring the use of gen AI in risk management, citing regulatory compliance, financial crime, credit risk, modeling and data analytics, cyber risk and climate risk as emerging use cases.

Risk Management 114

Risk Management Risk AI Use Case 114

The Payments Association

NOVEMBER 12, 2024

The reality is that building an effective transaction monitoring system requires a profound understanding of regulatory compliance, technological integration, and operational functionality. First, assess the experience level of your development team. According to the 2024 Developer Survey by Stack Overflow and Amazon, 27.1%

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection.

AI 144

AI Fraud Detection Risk Assessment Regulatory Compliance 144

FloQast

MAY 9, 2024

They not only uphold regulatory standards but also inform strategic decisions and protect stakeholders’ interests. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

The Fintech Times

APRIL 8, 2024

While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third parties that use them. To find out more about the regulatory hurdles the BaaS space possesses, we reached out to industry leaders and asked them which regulatory challenges fintechs should be most aware of.

FinTech 116

FinTech BSA Regulatory Compliance Money Laundering 116

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Why is it important?

Privacy 88

Privacy Payment Security AI Security 88

The Fintech Times

SEPTEMBER 19, 2024

Bahrain’s Economic Development Board (EDB) , as the nation’s investment promotion agency, supports both new and existing businesses by offering industry assessments and strategic advice, aligning with its goal of attracting investment to the Kingdom. The country has become a key hub for crypto services and fintech innovation.

Payment Service Provider (PSP) 100

Payment Service Provider (PSP) Security Regulatory Compliance Payments 100

PYMNTS

APRIL 24, 2020

These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. percent reported using AI for underwriting and risk assessment purposes. There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware.

Credit Risk 100

Credit Risk Risk Underwriting AI 100

Fintech Finance

JULY 24, 2024

Security : Implementing new solutions to support staying ahead of evolving threats.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

The Paypers

AUGUST 19, 2021

Professional services network PwC and UK-based regtech company CUBE have teamed up to launch a KYC utility for regulatory compliance.

Assessments 44

Assessments Regulatory Compliance Regulations Compliance 44

Fintech News

MARCH 3, 2024

In her new role at FOMO Group , Cindy will be essential in advancing the company’s compliance infrastructure, ensuring adherence to the diverse regulatory landscapes of the jurisdictions in which the company operates. She has previously served as the Chief Control Officer at Bank J.

Compliance 107

Compliance AML Money Laundering Risk Assessment 107

The Fintech Times

FEBRUARY 5, 2025

The report by AuditBoard in partnership with Ascend2 , Unlock Regulatory Compliance With DORA, NIS2, and the EU AI Act explores challenges and opportunities firms face as they look to become compliant. Meanwhile, 63 per cent of those claiming compliance report having transparency measures in place.

Compliance 64

Compliance Cybersecurity Audit AI 64

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Legal Compliance Best Practices 130

Fintech Finance

SEPTEMBER 19, 2024

As the island nation’s investment promotion agency, Bahrain EDB works closely with potential and existing clients providing key services that include industry assessments and strategic advisory, in line with its mandate of attracting investments into Bahrain.

Central Bank 104

Central Bank Service Provider Payment Service Provider (PSP) Regulatory Compliance 104

The Fintech Times

MARCH 25, 2024

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 115

Finance Regulatory Compliance On-Demand Compliance 115

Fintech Review

JUNE 18, 2024

Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Assess operational risk regularly. Maintain comprehensive records. Review fund operations to identify potential weaknesses, inefficiencies, or areas for growth.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

The Fintech Times

SEPTEMBER 14, 2024

She explains while AI can streamline compliance processes and save compliance teams time to spend elsewhere, firms need to be careful about how they implement it. AI has already transformed compliance processes in the fintech industry by making them faster, more accurate and more efficient.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

PYMNTS

MARCH 6, 2020

The goal of this series is to assess how banks and other sectors are using AI and other computational systems to manage critical business functions, including payments, regulatory compliance, credit risk and financial fraud. bank executives at institutions ranging from $1 billion in assets to more than $100 billion.

AI 81

AI Credit Risk Regulatory Compliance Risk Assessment 81

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. In this guide, we discuss the dynamics of skilled person reviews, providing insights into effectively navigating this intricate regulatory landscape.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” More than ever, verification throughout the customer lifecycle is necessary not only for fraud management and regulatory compliance, but also to stop legitimate customers from participating in fraud — whether intentional or not. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37.

Assessments 52

Assessments Scams Authentication Authorization 52

Clearly Payments

FEBRUARY 23, 2024

They serve as the foundation for assessing the overall health and performance of a payments business. This metric is crucial for assessing the reliability and efficiency of the payment processing system. Ensuring robust security measures protect sensitive payment data and maintain regulatory compliance.

Processors 105

Processors PCI DSS Payments Volume 105

Fintech Review

FEBRUARY 11, 2025

Machine learning algorithms detect fraud, assess risks, and optimise trading strategies. Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. Regulatory compliance also poses challenges.

AI 66

AI FinTech Risk Assessment Assessments 66

VISTA InfoSec

FEBRUARY 13, 2024

Vulnerability assessments involve scanning systems for known weaknesses, while penetration testing (or pen testing) takes a more aggressive approach by simulating cyberattacks to evaluate the effectiveness of current security measures. They provide a structured approach to evaluate and enhance the effectiveness of cybersecurity measures.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Fintech Review

JANUARY 24, 2024

One might argue that the rigorous processes banks employ in assessing loan applications reflect a diligent risk management approach. Innovative strategies like peer-to-peer platforms and AI for risk assessment are revolutionizing the market, offering tailored loans and faster approvals, thereby boosting customer satisfaction.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

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. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

VISTA InfoSec

JUNE 3, 2024

Compliance with Other Standards and Regulations While GDPR sets a high bar for data protection, organizations must also consider compliance with other relevant standards and regulations. These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security.

MFA 130

MFA Credential PCI DSS Compliance 130

The Payments Association

MARCH 14, 2025

3) Regulatory compliance Certain industries, such as cryptocurrency exchanges, gambling, and financial services, must comply with stringent know-your-customer (KYC) and anti-money laundering (AML) regulations. Use this guide to identify your MCC code, assess risk levels, and optimise your payment processing strategy.

Risk 88

Risk Disputes Processors Fraud Detection 88

Fintech Finance

AUGUST 2, 2024

By evaluating daily transactional data, it assigns personalized scores and ranks clients based on their behavior, helping financial institutions prioritize risks and identify emerging trends, thereby enhancing the accuracy of risk assessment.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94