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 277

Risk Ransomware Phishing MFA 277

Finextra

NOVEMBER 7, 2024

Modern credit risk management now leans significantly on predictive modelling, moving far beyond tra.

Credit Risk 59

Credit Risk Risk Assessment Risk Assessments 59

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

The Paypers

MAY 23, 2024

Israel-based AU10TIX has launched its new free Risk Assessment Model that enables businesses to assess their exposure to operational, security, and identity fraud risks.

Risk Assessment 36

Risk Assessment Assessments Fraud Prevention Risk 36

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 Due Diligence 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 103

Money Laundering Risk Crime Law Enforcement 103

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 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 97

Risk Privacy Compliance Regulatory Compliance 97

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 102

Money Laundering Crime Risk Law Enforcement 102

The Fintech Times

NOVEMBER 17, 2024

A new partnership has been announced between LexisNexis Risk Solutions , the insurance data and advanced analytics provider, and TransUnion , the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers.

Risk 58

Risk Finance Assessments Product 58

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

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 106

Risk Management AI Risk Use Case 106

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 100

Authorization Risk Assessments Central Bank 100

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 Acquirers Due Diligence 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

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

Nanonets

NOVEMBER 11, 2024

• Basic Metrics : Starting metrics for assessing extraction quality. Let’s unpack what makes table extraction so challenging and find the best metrics to assess it! Starting with basic metrics that assess cell matches and row/column alignment, we saw how these provide valuable yet limited insights.

Assessments 52

Assessments Addressing Accounts Rules 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. 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

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 58

Risk AI Risk Assessment Assessments 58

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

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.

Risk Assessment 104

Risk Assessment Payment APIs and Integration Verification Assessments 104

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

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Clearly Payments

OCTOBER 25, 2024

Some businesses are labeled as “high-risk” by payment processors and banks, which complicates things. In this article, we’ll break down what high-risk payment processing is, how it works, and how businesses in this category can manage it. What Is High-Risk Payment Processing? What Makes a Business High-Risk?

Risk 52

Risk Accounts Processors Disputes 52

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 68

Risk Mitigation Mitigation Risk Ransomware 68

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 102

APACS Assessments Finance Blockchain 102

Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses.

Risk Management 66

Risk Management Risk PCI DSS Process 66

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 63

Risk Compliance Authorization Risk Assessment 63

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