The Paypers

JUNE 19, 2024

Lithuania-based regtech provider iDenfy has announced the launch of its AI-enabled Customer Risk Assessment solution, completing its KYC/KYB/AML compliance suite.

Risk Assessment 41

Risk Assessment Assessments Risk AML 41

VISTA InfoSec

JUNE 19, 2024

However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Common Cyber Risks in Video Communication Video communication offers numerous benefits. Enforcing these policies ensures consistent adherence across the organization, reducing the risk of security breaches.

Risk 242

Risk Ransomware Phishing MFA 242

The Paypers

JULY 24, 2024

Clearspeed , a provider of voice analytics technology for large-scale risk assessment, has partnered with Deloitte's US government and public services practice.

Risk Assessment 36

Risk Assessment Assessments Risk Government 36

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

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

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.

Central Bank 141

Central Bank Assessments Procedures Laws 141

Finextra

JUNE 12, 2024

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.

Assessments 64

Assessments Risk Settlement Authorization 64

The Paypers

FEBRUARY 12, 2024

The US Department of the Treasury has published the 2024 National Risk Assessments on money laundering, terrorist financing, and proliferation financing.

Risk Assessment 36

Risk Assessment Assessments Treasury Risk 36

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.

Money Laundering 106

Money Laundering Risk Crime Law Enforcement 106

Finextra

JULY 30, 2024

Cable, the leading risk management and effectiveness testing platform for banks, fintechs, and crypto companies, today announced a strategic partnership with Vantage Bank, a visionary $4.2B bank based in San Antonio, Texas.

Risk Management 52

Risk Management Risk Assessments FinTech 52

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. The advent of cryptocurrency has also introduced a new layer of complexity and uncertainty in evaluating financial risk. In a world where over 1.4 Of this number, 5.04

Assessments 52

Assessments Risk FDIC Risk Assessment 52

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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. The NRA concludes that, given the existing controls, the risk of criminals using Singapore for environmental crimes money laundering is medium-low.

Money Laundering 108

Money Laundering Crime Risk Law Enforcement 108

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. Risk : Increaseing oversight of all types of risks and strengthening communication about potential factors, either internal or external, that could impact operations.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

Finovate

SEPTEMBER 4, 2024

Ncontracts has acquired Venminder, a third-party risk management SaaS platform, to enhance its governance, risk, and compliance services. The acquisition will broaden Ncontracts’ expertise in third-party risk management and strengthen its position in both SaaS and knowledge-as-a-service markets.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

Finextra

SEPTEMBER 9, 2024

Climate change poses significant challenges to the global financial system, and financial authorities and institutions need access to reliable, consistent climate data to assess their exposure to its associated risks.

Central Bank 52

Central Bank Risk Assessments Authorization 52

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the financial system.

Authorization 108

Authorization Risk Assessments Central Bank 108

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. The tech can also draft model documentation and validation reports.

Risk Management 111

Risk Management AI Risk Use Case 111

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

The Paypers

FEBRUARY 9, 2023

UK-based Shufti Pro has augmented customer verification with the launch of risk assessment and eIDV services, helping tackle identity fraud and meet KYC/AML regulations.

Risk Assessment 36

Risk Assessment Assessments Risk AML 36

The Fintech Times

JULY 31, 2024

ZestyAI , a climate and property risk analytics solutions provider, is expanding its existing partnership with Amica Mutual Insurance , enabling the insurance firm to leverage ZestyAI’s full property and climate risk analytics platform. Stolte , assistant vice president at Amica. “Amica earned the top spot in the J.D.

Risk 59

Risk AI Risk Assessment Assessments 59

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. Who are the parties to the deal?

Risk Assessment 66

Risk Assessment Assessments Risk Acquirers 66

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. could also be classified as operational risks. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

SEPTEMBER 30, 2024

These include enhanced data-driven decision-making, increased efficiency through automation, as well as the ability to proactively identify regulatory risks, allowing regulators to become more agile and effective in monitoring compliance.” We hear from more industry leaders to find out. This ensures a certain level of quality.

Risk 64

Risk Compliance Authorization Risk Assessment 64

Payments Dive

APRIL 14, 2022

Mastercard's new partnership with the software provider is the latest in a string of added ties to fintechs aimed at expanding its payments and risk assessment tool offering.

Risk Management 109

Risk Management Visa Risk Risk Assessment 109

Bank Automation

MARCH 18, 2024

This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies. In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial.

Credit Risk 83

Credit Risk Automation AI Risk 83

The Fintech Times

MAY 5, 2024

Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

Fintech News

FEBRUARY 8, 2024

Generative AI (GenAI), while offering significant opportunities for innovation and efficiency, also presents potential data privacy, security, and ethical use risks. Assessing Digital Preparedness in Finance appeared first on Fintech Singapore. The post Are APAC Businesses Ready?

APACS 108

APACS Assessments Finance Blockchain 108

Finextra

APRIL 23, 2024

Fintech Galaxy, a leader in Open Banking and financial innovation, has launched innovative credit profiling capabilities in collaboration with Singaporean fintech company FinbotsAI using artificial intelligence models and aggregated Open Banking data.

Risk Assessment 52

Risk Assessment Assessments FinTech Risk 52

VISTA InfoSec

MAY 24, 2024

Benefits of PCI DSS compliance for a small business: Enhanced Security reduces the risk of data breaches, fraud, and unauthorized access to sensitive cardholder data. It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize.

PCI DSS 202

PCI DSS Small Business Assessments Compliance 202

The Paypers

JUNE 5, 2024

FIS has announced the launch of a Climate Risk Financial Modeler, aiming to help clients assess, reduce, and report risks that are tied to climate change.

Risk 41

Risk Assessments 41

Finextra

MAY 28, 2024

It’s no surprise to see cybersecurity holding its position as one of the Financial Services (FS) sec.

Risk Assessment 59

Risk Assessment Assessments Risk Cybersecurity 59

PYMNTS

JUNE 18, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, announced this week that it’s expanding its geographical footprint and establishing new offices in regions of interest, which has included strategic hires and reappointments. That can be even more difficult in APAC than in Europe and the U.S.,

Risk Assessment 51

Risk Assessment Assessments Risk APACS 51

The Paypers

JULY 1, 2022

US-based Clear Capital has launched two APIs, Property Valuation API and Risk Assessment API to help lenders, system providers adopt modern property valuation solutions.

Risk Assessment 31

Risk Assessment Assessments API Risk 31

PYMNTS

NOVEMBER 2, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. They can also assess ongoing credit quality. The pandemic has created rifts of uncertainty in the markets.

Credit Risk 85

Credit Risk Risk Risk Management Assessments 85

Fintech Finance

JANUARY 24, 2024

Tink , the market leader in open banking, has launched ‘Risk Signals’ – a rules-based risk engine that unlocks instant payment experiences across Europe, while minimising risk. Offer an instant experience and absorb the risk, or hold off until the payment is settled and potentially lose the customer.

Instant Payments 52

Instant Payments Risk Payer Payments 52

The Payments Association

MARCH 13, 2024

Making the right choice relies on a careful assessment of the pros and cons of each approach, including factors like customization, scalability, timeline and pricepoint. Read more

Fraud Prevention 88

Fraud Prevention Crime Risk Assessments 88