Seon

JUNE 24, 2024

It prevents issues such as payment fraud, account fraud (and misuse), loan fraud, and conducting business with high-risk individuals , as well as a stipulated practice for anti-money laundering (AML) compliance. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

The Fintech Times

SEPTEMBER 24, 2024

“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape. .” appeared first on The Fintech Times.

Privacy 107

Privacy Compliance PCI DSS Rules 107

EBizCharge

APRIL 26, 2024

By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business. This helps to reduce the average collection period and minimize the risk of late or delinquent payments. This can lead to delays in invoicing, payment posting, and reconciliation.

Accounts 52

Accounts Best Practices Disputes Procedures 52

VISTA InfoSec

MARCH 5, 2024

This blog post will delve into one such critical area – Requirement 9: Restrict Physical Access to Cardholder Data. Whether you’re a business owner, a security professional, or just someone interested in data security, this blog post will provide you with valuable insights into the latest updates in PCI DSS Requirement 9.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. What Is a Material Weakness?

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

Fintech Finance

DECEMBER 13, 2023

Napier is providing its Transaction Monitoring, Client Screening, Client Risk Assessment and Client Activity Review solutions to noqodi, in order to further strengthen its commitment to supporting the government’s initiative to a secure, cashless, digital economy.

Digital Payments 52

Digital Payments Financial Crimes Security Payment APIs and Integration 52

FloQast

NOVEMBER 27, 2023

Similarly, the segregation of duties ensures that no single individual has control over all aspects of any critical financial transaction, reducing the risk of malicious activity or errors. As businesses grow and financial landscapes shift, risks aren’t static.

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

Fintech Review

FEBRUARY 13, 2024

This monitoring is not only about risk assessment but also about understanding the interconnectedness of fintech operations with the global financial system. Consumers should be aware of their rights and the best practices for protecting their personal data.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

FloQast

OCTOBER 27, 2023

Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices. Here are some compliance management best practices worth considering. You can get a demo and see how to stay audit-ready, reduce risk, and save time.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Chargebacks are generally the biggest concern that most merchants have.

Risk Management 66

Risk Management Risk PCI DSS Process 66

EBizCharge

JULY 22, 2024

Precise and practical strategies provide a roadmap to navigate various financial circumstances and ever-changing markets. Some of these strategies include setting clear and attainable goals, applying accurate forecasting for better budget management, and risk assessments and mitigation.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

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

Tearsheet

JULY 1, 2024

What are best practices when it comes to protecting consumer information? Start with a risk assessment. Keep an eye on your systems to spot potential risks and anomalies early. Stand your post. The post Gen Z is leading adoption of new payments. It’s not good enough to just meet the standard.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

The Fintech Times

JANUARY 25, 2024

This can help with undertaking comprehensive risk assessments, delivering efficient onboarding experiences, and achieving continuous due diligence through trigger-based monitoring of individual PEPs and the wider political landscape. Action will likely be taken where they spot deficiencies in PEP risk handling.

Risk 59

Risk Due Diligence Financial Crimes Crime 59

Seon

APRIL 11, 2024

Moreover, using one solution for both fraud prevention and protection and AML initiatives minimizes the reliance on endpoint solutions or reliance on multiple third-party data sources while maximizing the use of trusted information, reducing potential vulnerabilities and enhancing the integrity of the risk assessment and anti-fraud measures.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Seon

JULY 11, 2024

Likewise, ISO/IEC 42001 and the upcoming EU AI Act are driving best practices in the ethical application of AI through explainability, transparency, data governance and enhanced record-keeping. Specifically, PSD3 is on the radar of many European fintechs, emphasizing fraud prevention and collaboration.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. It suggests the formation of a “community of practice” to share knowledge, data, best practices, and AI tools.

Central Bank 81

Central Bank AI Correspondent Bank Correspondent 81

Nanonets

AUGUST 6, 2024

In this ultimate guide, we'll explore what a data annotation tool is, exploring its key features, benefits, and best practices. Best practices for effective data annotation Implementing best practices for data annotation is essential to ensure the quality, efficiency, and reliability of your AI and machine learning projects.

Best Practices 52

Best Practices AI Automation Process 52

FloQast

MARCH 21, 2024

Working with outsourcing providers who are well-versed in instituting controls and creating a detailed auditing trail for clients allows your organization to benefit from best practices and innovative approaches without the need for significant upfront investments in training or technology.

Compliance 52

Compliance Audit Automation Risk Assessment 52

Seon

APRIL 23, 2024

As the fraud landscape evolves, so must risk management solutions, stepping up agility and innovation to stay ahead of digital fraud. For each risk, assess the probability and likely severity, then align the identified risks with the organization’s appetite for risk, classifying them in order of priority.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

Fintech News

MAY 20, 2024

Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world. Pedro Martinez and Megan Shamas will explore best practices and real-world examples for implementing passkeys and strong customer authentication (SCA).

FinTech 125

FinTech Embedded Finance BNPL AI 125

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Due Diligence Procedures 59

EBizCharge

APRIL 23, 2024

Risk management: Longer payment terms can expose a business to higher credit risk. Assessing the clients’ credit history and setting fair terms can mitigate the risk of overdue payments and financial strain. The post How Businesses Can Master Payment Terms to Improve Customer Payments appeared first on EBizCharge.

Payments 52

Payments Best Practices Settlement Assessments 52

FICO

JUNE 13, 2017

Inject best-practice decision management governance standards into a new domain. These standards and practices are very well-developed in banking, for instance, but are not yet well understood across other vertical markets. The post 6 Principles for Cyber Risk Scores — and Why We Need Them appeared first on FICO.

Risk 85

Risk Disputes Cybersecurity Best Practices 85

Segpay

APRIL 16, 2024

PSPs may offer fraud scoring and risk assessment services to evaluate the likelihood of fraud for each transaction and flag high-risk transactions for further review. The post Understanding Chargebacks appeared first on Segpay.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

FloQast

MARCH 1, 2024

Some examples of external fraud risks include vendor fraud and data breaches. Your IT department can be a valuable resource to help identify external fraud risks and the internal controls in place to help ensure data security. Your fraud risk assessment can help you formulate a comprehensive risk governance and management plan.

Audit 52

Audit Compliance Assessments Procedures 52

EBizCharge

JULY 15, 2024

This article will explore the key differences between these billing practices, the pros and cons of arrears billing, and best practices. EBizCharge integrates seamlessly with various accounting and ERP software, automatically posting payments to corresponding invoices, thus simplifying reconciliation.

Disputes 52

Disputes Payer Legal Service Provider 52

VISTA InfoSec

JULY 5, 2023

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

Nanonets

DECEMBER 4, 2023

Automated order processing best practices Adopting best practices in automated order processing can steer your business toward remarkable efficiency and customer satisfaction. Use automated feedback mechanisms post-delivery to gather customer insights and improve service.

Automation 52

Automation Process Payment APIs and Integration Returns 52

Exact Payments

JANUARY 4, 2024

Adhering to these guidelines is essential for businesses to ensure the safe handling of credit card data, helping to minimize the risk of fraud and security breaches. In this post, we’ll summarize the twelve overarching PCI DSS requirements while emphasizing the importance of complying with these standards.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Segpay

MAY 1, 2024

Some of DORA’s main pillars are: Operational Risk Management: DORA requires PSPs to implement robust operational risk management practices to identify, assess, mitigate, and monitor operational risks effectively. This article has been written by @SandeCopywriter on behalf of Segpay Europe.

Compliance 52

Compliance Cybersecurity Procedures Risk Management 52

Nanonets

FEBRUARY 15, 2024

It's about identifying gaps in your procurement practices and finding inspiration in the best practices out there. Each criterion is scored on a scale of 1 to 10, where 10 represents the highest level of satisfaction.

Finance 52

Finance RFP Agreements Automation 52