Stax

JANUARY 8, 2024

PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. So you must have risk avoidance, risk identification, and risk reduction strategies in place to combat fraudulent transactions.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Benefit from their industry knowledge and best practices to accelerate your AI implementation journey.

AI 122

AI Finance Fraud Detection Mitigation 122

The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices Mitigation 59

FICO

APRIL 7, 2020

What does fraud risk mitigation look like in an increasingly digital world? However, it’s critical that we also take the time to reflect on the longer-term changes that will impact our mission to stop fraud and financial crime. Will the shift to online and mobile payment channels be a permanent boost?

Risk Mitigation 52

Risk Mitigation Best Practices Financial Crimes Scams 52

PYMNTS

FEBRUARY 20, 2019

In its announcement , Mastercard noted that providing educational resources for small businesses to mitigate the risk of cyberattacks not only helps the individual businesses, but supports the economy at large.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

JULY 15, 2019

He added that Procurement Garage and Sword GRC’s collaboration “can help Brazilian companies take all the steps to comply with rules, regulations and industry best practices.”. Both buyers and suppliers are turning to technology to support their risk-mitigation efforts. China trade wars.

Risk 40

Risk Risk Management Risk Mitigation Best Practices 40

Faster Payments Council

SEPTEMBER 23, 2023

The panel will also examine leading practices to help FIs and corporates mitigate these risks. Panelists will share takeaways including steps banks and fintechs should take to determine if a partnership is a fit, ways to mitigate fraud.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

The Fintech Times

JUNE 3, 2024

This phase is core to generating shared learnings, best practices, and principles for the effective use of GenAI. Step 4: Risk mitigation Business value stems from genAI and LLMs being baked into the technological fabric of a given financial service. Experimenting will empower staff to leverage proprietary data sets.

AI 69

AI Risk Mitigation Assessments Consulting 69

Nanonets

JUNE 21, 2023

This article will provide a comprehensive guide to reconciling payments, its importance, challenges faced, best practices, and the role of automation in enhancing the process. Fraud detection and risk mitigation Reconciling payments plays a vital role in detecting fraudulent activities and mitigating associated risks.

Payment Reconciliation 52

Payment Reconciliation Reconciliation Best Practices Automation 52

Segpay

OCTOBER 4, 2023

Reputation Risks: Non-compliance can damage the reputation of both merchants and affiliates. Source: WebShield To mitigate these compliance risks, merchants and affiliates involved in affiliate marketing should implement robust compliance programs.

Security 52

Security Due Diligence Compliance Payments 52

Nanonets

FEBRUARY 21, 2024

Businesses are encouraged to familiarize themselves with the procedural steps of cash reconciliation, adopt best practices to enhance accuracy, and consider the benefits of automating the process to mitigate risks associated with manual reconciliation. Looking out for a Reconciliation Software?

Reconciliation 52

Reconciliation Best Practices Point-of-Sale (POS) Automation 52

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. In 2017, Wells Fargo published a blog post on best practices for small business authentication, a guide that emphasizes ways to strengthen KBA strategies.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

PYMNTS

OCTOBER 3, 2019

While the risk mitigation opportunities of virtual assistants may be enticing for corporate finance executives, it’s possible that reservations over data privacy felt in their consumer lives could also carry over into the corporate sphere.

Privacy 55

Privacy Finance Third-Party Service Provider B2C 55

FloQast

NOVEMBER 20, 2023

Importance of Internal Audit Risk Assessment The primary purpose of an internal audit risk assessment is to identify risks that could threaten an organization’s ability to meet its business objectives, whether they are financial, operational, or compliance-related.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination 52

Origination PCI DSS API Underwriting 52

Nanonets

APRIL 24, 2024

Through this meticulous process, businesses can mitigate the risk of errors, fraud, and legal complications, thus safeguarding their financial health and compliance.   Compliance : Assess compliance with regulatory requirements and accounting standards, ensuring adherence to relevant laws, regulations, and industry best practices.

Reconciliation 52

Reconciliation Audit Procedures Correspondent 52

The Fintech Times

AUGUST 2, 2024

The high-risk factors take place when firms use AI for risk-mitigation systems, high quality of data sets, logging of activity, detailed documentation, clear user information, human oversight, and a high level of robustness, accuracy, and cybersecurity. Now, they want to do the same with AI.

AI 59

AI Compliance Regulations Risk 59

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Seon

MAY 16, 2024

Such incidents can trigger stringent regulatory penalties, inflate operational and administrative expenses to combat and mitigate fraud, and might even lead to being blacklisted by payment processors and card networks due to compliance failures and excessive chargeback ratios.

Fraud Prevention 52

Fraud Prevention Accounts Verification Legal 52

Ikajo

NOVEMBER 22, 2023

Risk mitigation Given that PayFacs handle the most sensitive information of customers – their payment data – they must keep it secure and detect unauthorized transactions. Vendors with established proficiency in the field have a deep understanding of the complexities, compliance requirements, and industry’s best practices.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

CB Insights

JULY 23, 2020

It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices. But in recent years, companies have generally moved away from cubicles toward open floor plans. Why it matters.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

Fintech News

FEBRUARY 11, 2025

The Act mandates that high-risk AI systems must adhere to transparency obligations, undergo rigorous human oversight, and implement risk mitigation measures. It is all made to prevent biases or discriminatory practices. Financial firms working alongside policymakers can establish best practices for AI risk management.

AI 120

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 120