Best Practices, Due Diligence and Risk Management

Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

JUNE 26, 2024

As an investor, due diligence in cybersecurity involves examining several areas. Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth.

Cybersecurity

Cybersecurity Due Diligence Security Breach

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

FEBRUARY 10, 2025

The Home Office outlines six key principles: tone from the top, due diligence, risk assessment, proportionate procedures, monitoring/review, and communication/training. While many firms already implement fraud risk assessments and controls, this may not suffice.

Crime

Crime Fraud Prevention Risk Assessment Due Diligence

Understanding Risk Management Strategies as a PayFac

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

Risk Management Risk Regulatory Compliance Due Diligence

Understanding Risk Management Strategies as a PayFac

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Let’s get started. This requires sound underwriting policies and procedures.

Risk Management

Risk Management Risk Money Laundering Mitigation

13 Best Practices for Accounts Receivable

EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. 13 accounts receivable best practices Adopting the best AR practices helps maintain consistent revenue, reducing the need for external financing and minimizing non-payment risk.

Best Practices

Best Practices Accounts Disputes Procedures

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

JANUARY 23, 2025

Step 2: Risk Assessment Risk management departments or specialized underwriting teams at the payments company evaluate the businesss model, industry risks, and potential sales volume. Speed vs. accuracy: Streamlining processes without compromising due diligence. Contact us today.

Underwriting

Underwriting PCI DSS Money Laundering Processors

Explore Regulatory Compliance Best Practices at FICO World

FICO

MARCH 31, 2016

The Regulatory Compliance track will feature an impressive list of industry experts sharing best practices that address a diverse range of high-priority regulatory challenges. Model management continues to present financial institutions with new compliance obstacles. Please join us in Washington DC April 26 -29!

Regulatory Compliance

Regulatory Compliance Best Practices Compliance Financial Crimes

DORA Compliance Checklist: Essential Steps for Successful Implementation

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Best practices for implementing the DORA compliance 1.

Compliance

Compliance Risk Management Third-Party Service Provider Audit

7 Best Practices for Preventing Government Fraud in Payments

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. However, ongoing evaluation of their practices, compliance standards, and cybersecurity measures are essential aspects of due diligence.

Best Practices

Best Practices Governance Government Fraud Prevention

Building a Comprehensive Third-Party Oversight Framework

Innovative Payments Association

SEPTEMBER 5, 2024

To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework.

Boot Camp

Boot Camp Due Diligence Third Party Vendors Compliance

How to Maintain Anti-Money Laundering Compliance as a PayFac

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

Money Laundering Compliance AML Due Diligence

How payment firms can prepare for the FCA’s proposed safeguarding regime

The Payments Association

OCTOBER 11, 2024

Tighter oversight of third parties: When firms engage third parties to manage safeguarded funds, stricter due diligence and diversification will be required , reducing third-party failure risks. Additionally, the FCA advises firms to diversify their third-party risks.

Due Diligence

Due Diligence Audit Reconciliation Compliance

What businesses can learn from Starling Bank’s £29M FCA fine

Neopay

OCTOBER 3, 2024

Despite this mandate, Starling opened over 54,000 accounts for 49,000 high-risk customers over a two-year period. Key takeaway : If your business deals with high-risk clients, it’s crucial to implement enhanced due diligence procedures. Training and continuous support : Compliance is an ongoing process.

Financial Crimes

Financial Crimes Crime Due Diligence Compliance

FCA fines Metro Bank £16 million for financial crime failings

Neopay

NOVEMBER 13, 2024

Proactive risk management: We help assess your business’s risk exposure, implementing frameworks that keep up with growth, high-risk customers, and evolving regulations to keep your compliance efforts ahead. Our tailored solutions help businesses stay compliant through a holistic, adaptable approach.

Financial Crimes

Financial Crimes Crime Due Diligence Compliance

AML/KYC’s Data Confidence Crisis

PYMNTS

JUNE 20, 2019

The last thing that anyone wants to hear in almost any financial organization is that the people tasked with risk management is feeling less than fully confident about their ability to actually do that job — because they aren’t sure if their data is good.

AML

AML Due Diligence Money Laundering Risk Assessment

Affiliate Marketing and Secure Payments

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security

Security Due Diligence Compliance Payments

Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization

Authorization Product Due Diligence Procedures

FCA Authorisations: How are things changing? Are things improving?

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes

Financial Crimes Money Laundering Compliance Crime

What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Reported losses in 2020 exceeded $4.2 The report states that these victims mostly lost their money to BEC scams.

Email Compromise

Email Compromise Compromise Business Email Compromise Risk

Mastering the Art of Vendor Selection: A Friendly Guide

Nanonets

SEPTEMBER 22, 2023

In this section, we will examine the importance of identifying and mitigating risks associated with vendors, along with effective strategies and best practices. Identifying risks early on is essential to minimize their potential impact on your business. Key Strategies for Risk Mitigation and Management 1.

Risk Mitigation

Risk Mitigation Mitigation Risk Assessment Assessments

Payments Space

Securing Your Wealth: How Cybersecurity Affects Investment Decisions

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

Trending Sources

Understanding Risk Management Strategies as a PayFac

Understanding Risk Management Strategies as a PayFac

13 Best Practices for Accounts Receivable

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Explore Regulatory Compliance Best Practices at FICO World

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

7 Best Practices for Preventing Government Fraud in Payments

Building a Comprehensive Third-Party Oversight Framework

How to Maintain Anti-Money Laundering Compliance as a PayFac

How payment firms can prepare for the FCA’s proposed safeguarding regime

What businesses can learn from Starling Bank’s £29M FCA fine

FCA fines Metro Bank £16 million for financial crime failings

AML/KYC’s Data Confidence Crisis

Affiliate Marketing and Secure Payments

Hong Kong Monetary Authority Issues Guidance for Banks on Crypto Custody and Sale of Tokenised Products

FCA Authorisations: How are things changing? Are things improving?

What Are the Risks of Business Email Compromise & How Can You Prevent Them?

Mastering the Art of Vendor Selection: A Friendly Guide

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