Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Global Fintech & Digital Assets

MARCH 5, 2024

Safeguarding of client digital assets : Banks should implement adequate systems and controls and adopt industry best practices (e.g., Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. using hardware security modules, key sharding, backup arrangements, etc.)

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

This includes implementing robust customer due diligence processes, screening arrangements, customer risk assessment, transaction monitoring systems and ongoing due diligence reviews and risk assessments. This includes redundant systems, backup facilities, and disaster recovery procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52