Fintech Finance

AUGUST 23, 2024

From the research we did, it was the most technologically advanced solution in the market, said Co-Founder and CEO Stuart Green. 3DS has become an essential part of risk management and fraud prevention for any business that takes online payments.

Issuers 97

Issuers Process Reconciliation AML 97

PYMNTS

APRIL 26, 2018

Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time. Today, supply chain and supplier risk management is a beast. For corporates, she said, this means asking questions like, “Does the buck stop with you?

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

Fintech Review

MAY 28, 2024

The Evident AI Index assesses AI performance and maturity at major global banks. Beginning in the banking industry, our goal is to give business leaders, investors and policymakers a complete, unbiased, and transparent picture of corporate AI capability, through a combination of industry-leading research, data insights and events.

AI 97

AI Assessments Risk Management Fraud Detection 97

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 76

Process Processors Payments Compliance 76

The Fintech Times

SEPTEMBER 14, 2024

Incorporating high-quality, comprehensive data enables teams to assess risk more accurately and make informed decisions, leading to proactive risk management and fostering innovation and competitive advantage in the industry.”

Compliance 67

Compliance AI Process Suspicious Activity Report (SAR) 67

The Fintech Times

OCTOBER 26, 2024

AI is boosting risk management and personalisation During Huawei’s Finance Forum at GITEX, Dr. Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down.

Finance 67

Finance Ransomware Fraud Detection AI 67

FICO

DECEMBER 15, 2020

Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud. It discusses the need to deploy effective enterprise-wide solutions for risk management that can adapt to changing customer behavior.

Innovation 52

Innovation Risk Management Best Practices Financial Crimes 52

Nanonets

NOVEMBER 14, 2023

It involves negotiating favorable terms with suppliers, seeking cost-saving opportunities, and budget management. Equally important is risk management, which includes assessing and mitigating risks associated with supply chain disruptions, price volatility, and supplier reliability.

Assessments 52

Assessments Risk Risk Management Mitigation 52

FloQast

JANUARY 17, 2024

FloQast research in 2023 revealed that up to 60% of accounting professionals are unsure whether their company has sufficient resources to support control and compliance , while 70% reported that their control framework was not fully automated to meet the demands of the changing compliance landscape.

Government 95

Government Governance AAP Audit 95

Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI is pioneering a new era in fraud prevention. In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Risk 70

Risk Security Risk Assessment Risk Management 70

Fintech Finance

AUGUST 2, 2024

Having been in operation for just over a year, ComplyTek has been recognized by Chartis Research as the top 50 best AI solution in the global RegTech space. Behavioral Analytics : Advanced analytics to analyze customer behavior, identify compliance risks, and provide insights into non-KYC activities using predictive modeling techniques.

Instant Payments 82

Instant Payments Transactions Payment APIs and Integration Compliance 82

CB Insights

JULY 18, 2022

As fraud and cyber threats become more prevalent and sophisticated, retail banks’ mandate to protect their customers, comply with regulatory mandates, and assess risk across their entire organization has become more important than ever. get the state of fintech q2 2022 report before anyone else.

Risk 36

Risk Fraud Prevention Consumer Risk Management 36

Fintech News

MAY 20, 2024

Similarly, research by GoodFirms found a notable uptick, with 46.5% Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. of businesses reporting an increase in webinar hosting, and 28.3%

FinTech 129

FinTech Embedded Finance BNPL AI 129

Fintech News

JUNE 5, 2024

As fintech introduces new dimensions of complexity and opportunity in outsourcing, two distinct challenges have emerged, prompting FIs to reevaluate traditional outsourcing life cycle management models. The first pertains to the need for strategic management with a focus on innovation.

FinTech 99

FinTech Mitigation Risk On-Demand 99

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Risk 52

Risk Assessments Underwriting Cybersecurity 52

FICO

DECEMBER 2, 2019

This version of the FICO Cyber Risk Score exceeds the published performance results of competitors by a factor of more than 5X, further solidifying FICO’s position as the most accurate security rating on the market. A new report from Chartis Research named FICO as a category leader in cyber risk quantification. by FICO.

Risk 52

Risk Data Breach Breach Assessments 52

FICO

APRIL 24, 2023

Trust Bank implemented the customer onboarding and risk management capabilities using FICO® Platform , a cloud-based decisioning platform that allows companies to centralize and operationalize advanced analytics at speed to enhance customer experience, for optimal digital onboarding.

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

Nanonets

DECEMBER 13, 2023

Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns. In addition, AI employs predictive analytics to assess and analyze historical claims data. Lastly, AI's predictive capabilities extend to risk management.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

MARCH 12, 2024

. “The use of targeted geospatial data at point of quote through data enrichment or in map form through geospatial data visualisation tools such as LexisNexis® Map View, is helping to identify customers and properties at present or future risk – from flood to subsidence to windstorm activity.

Mitigation 70

Mitigation Risk Underwriting Risk Assessment 70

The Fintech Times

MARCH 9, 2024

According to Polaris Market Research , the global BNPL market is projected to expand from $6.24billion in 2022 to $80.52billion by 2032. This shift aligns with the financial industry’s broader trend of prioritising profitability, sustainable growth and risk management amidst economic uncertainty.

BNPL 70

BNPL Risk Management Risk Push-to-Card 70

FICO

DECEMBER 1, 2020

Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications. The top 100 technology vendors are rank-ordered, and the report also highlights a range of Category Leaders based on excellence in a number of relevant domains.

Financial Crimes 59

Financial Crimes Crime Best Practices AML 59

FICO

AUGUST 27, 2019

This risk is highlighted in a new report by the U.S. Chamber of Commerce and underscores the need for effective third-party risk management (TPRM). The Q2 Assessment of Business Cyber Risk (ABC) report released this month by the U.S. New Business Imperative: Third-Party Risk Management.

Cybersecurity 40

Cybersecurity Risk Management Assessments Risk Assessment 40

Nanonets

SEPTEMBER 22, 2023

The  vendor selection process  consists of establishing business goals, locating and selecting the right vendor, conducting an initial risk assessment, negotiating  contracts ,  supplier onboarding , and  risk mitigation  and management. Establishing Business Goals 2.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

CB Insights

MARCH 4, 2021

However, companies have spent far less on cyber insurance than on cybersecurity as a form of cyber risk management. Allianz and Munich Re will integrate with Google Cloud in order to access customers’ data in order to better assess the cyber risks they face and provide more personalized protection. First name.

Cybersecurity 74

Cybersecurity Underwriting Identity Theft Wire Transfer 74

CB Insights

NOVEMBER 3, 2022

In Q3 alone, Betterview signed Guideone Insurance and Southern Trust as new clients for its geospatial analytics platform for property intelligence and risk management. . While weather-associated risks are top of mind for underwriters and claims teams, they are also a concern for insurers’ investment teams.

Underwriting 95

Underwriting Risk Management Risk Product 95

PYMNTS

MARCH 8, 2019

Insurance firm Zurich is introducing a new supply chain risk management service in conjunction with riskmethods, reports in Global Banking and Finance Review said Thursday (March 7). Risk management is about identifying, assessing and controlling risk from an operational level and making decisions to balance the benefits,” she said.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. Artificial Intelligence (AI): AI is transforming the landscape of internal audit, empowering auditors with intelligent tools that revolutionize risk assessment, anomaly detection, and predictive modeling.

Audit 52

Audit Automation Risk Assessment Bots 52

PYMNTS

JANUARY 24, 2019

Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. Automated risk management solutions can be helpful in theory. That’s only if analysis of that data can be done correctly, however.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Nanonets

AUGUST 1, 2023

With research showing that adopting audit automation tools can significantly reduce costs and save time, there has been a shift towards increased technology utilization.  The Risk Assessment: Audit automation helps auditors assess risks more effectively by identifying potential red flags and areas of concern within the data.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

FICO

JUNE 12, 2019

The challenge of cybersecurity has driven global interest by firms looking to quantify their own cyber risk, including that of their third party network. A new report from research firm Chartis names FICO a category leader in cyber risk quantification solutions.

Risk 40

Risk Breach Assessments Cybersecurity 40

PYMNTS

OCTOBER 29, 2020

It's vital for organizations to not only understand the current financial risks their suppliers pose, but to remain continuously proactive to assess the trajectory of their business partners in the future. But the consequences of financial risk within the supply chain go beyond a failed business. The Trajectory of Risk.

Risk 57

Risk Mitigation Assessments Shutdown 57

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

PYMNTS

JUNE 15, 2018

In a press release issued on Thursday (June 14), the companies announced their partnership aimed at increasing visibility and risk mitigation in businesses’ supplier sourcing and management processes, and through their overall procurement operations. ”

Risk Management 43

Risk Management Mitigation Risk Mitigation Risk 43

PYMNTS

DECEMBER 9, 2020

Taking this retroactive approach to credit risk management was never efficient, but it has become even less feasible amid the pandemic. Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. High mortgage rates and inflation pose a risk of stressed customers defaulting on their mortgages, potentially causing government interventions.

AI 106

AI Risk Non-Bank On-Demand 106

PYMNTS

FEBRUARY 29, 2016

The company, which provides data and business intelligence solutions, like credit ratings and research for the financial world, said Thursday (Feb. Finagraph similarly provides automated data aggregation and analysis, with a focus on helping banks be able to assess the creditworthiness of small and medium-sized enterprises.

Assessments 40

Assessments Small Business Credit Risk Risk Management 40