Lending Life Cycle Management: Challenges and Best Practices
Finezza
APRIL 9, 2024
It involves due diligence regarding customer background by the lenders, regulatory compliance, and financial processes for the lender.
Explore Regulatory Compliance Best Practices at FICO World
FICO
MARCH 31, 2016
As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. The post Explore Regulatory Compliance Best Practices at FICO World appeared first on FICO.
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Zühlke Champions Generative AI, Digital Money for Future of Finance at SFF 2024
Fintech News
NOVEMBER 20, 2024
Featuring a live discussion featuring leaders from Amazon Web Services (AWS), EFG and Nomura, the session provided a roadmap for financial institutions to capitalise on AI’s benefits while ensuring regulatory compliance. ” said Stefan Grasmann, Chief of Blockchain at Zühlke.
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Securing Your Wealth: How Cybersecurity Affects Investment Decisions
VISTA InfoSec
JUNE 26, 2024
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. Learn more here about top investments and explore their cybersecurity measures.
Cybersecurity 260
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Bitcoin Daily: China Expands Digital Cash Pilot; California Bill Defining Digital Assets Moves Forward
PYMNTS
AUGUST 16, 2020
In other news, the Association of Cryptocurrency Enterprises and Start-ups Singapore ( ACCESS ) has rolled out an official Code of Practice, to help standardize the industry and aid players in meeting regulatory compliance, according to a press release.
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2021 FICO Decisions Awards Now Open
FICO
SEPTEMBER 23, 2020
A panel of independent judges with deep industry expertise will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Nominations are due December 4, 2020, and winners will be announced January 22, 2021.
Financial Reporting: Best Practices for CFOs and Finance Teams
Paystand
MARCH 12, 2024
Your ability to ensure accuracy is crucial for regulatory compliance and building trust among investors, creditors, and other stakeholders. As a CFO, your role in financial reporting is pivotal. You oversee gathering, analyzing, and communicating financial data.
How ISV Partnerships and Integrations Can Drive Business Growth
Stax
FEBRUARY 19, 2025
This article explores how ISV partnerships can drive growth, key considerations when selecting an ISV partner, and best practices for successful collaborations TL;DR ISV partnerships help businesses access new customer segments and industries. Third-party security audits to ensure best practices are followed.
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CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service
Fintech Finance
SEPTEMBER 24, 2024
The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.
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CeFPro: Are Financial Institutions Prepared for Supplier Risks? New Survey Uncovers Critical Gaps
Fintech Finance
OCTOBER 7, 2024
Additionally, as organisations prepare for the Bank of England’s SS221 regulation , which takes effect in March 2025, many are facing the challenge of aligning with two significant regulatory frameworks simultaneously.
Risk 96
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A Complete Guide to Securely Process Credit Cards in Sage 100
EBizCharge
MARCH 18, 2025
Here are five ways you can ensure secure payments with Sage credit card processing: Maintain full PCI compliance: PCI Standards require merchants to follow strict security protocols, such as encrypting payment data, limiting access to sensitive information, and regularly monitoring for vulnerabilities.
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Trading Reimagined: KlasFX Upgrades User Experience With Investor-First Approach
Fintech Review
MARCH 17, 2025
KlasFX has implemented a robust suite of technical and financial security measures, designed to align with stringent industry standards and regulatory compliance. This commitment to security ensures a protected trading environment for all clients.
OKX Singapore Gets In-Principle MPI License to Offer Crypto, Cross-Border Services
Fintech News
MARCH 12, 2024
. “By combining our global resources with our local knowledge and expertise, we intend to be a long-term participant that brings transparency and access to our customers, while upholding best practices in both regulated and innovation-driven industries,” said the OKX President.
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Understanding Risk Management Strategies as a PayFac
Stax
AUGUST 22, 2024
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.
Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures
The Payments Association
FEBRUARY 10, 2025
Natalie Lewis Partner, Travers Smith The guidance sets out the six principles to consider (top-level commitment, risk assessment, proportionate risk-based prevention procedures, due diligence, communication and training, monitoring and review), along with best practice examples.
Crime 88
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Why Hedge Fund Admin Software is Crucial to Your Back Office
Fintech Review
JUNE 18, 2024
Best Practices for Hedge Fund Operations Implement strong governance and oversight. Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. They continually collaborate to execute strategic trading maneuvers. Maintain comprehensive records.
GDPR and Biometric Data: Ethical Considerations and Privacy Implications
VISTA InfoSec
AUGUST 22, 2023
As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.
Privacy 130
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Build vs buy? Strategic decisions in financial crime management
The Payments Association
NOVEMBER 12, 2024
“I have quite strong views on why it might not be the best idea for some firms,” he claims. The reality is that building an effective transaction monitoring system requires a profound understanding of regulatory compliance, technological integration, and operational functionality. have 10-14 years.
5 Strategies for Protecting the Public and Private Sectors from Cybersecurity Threats
VISTA InfoSec
FEBRUARY 13, 2024
This proactive stance enhances Singapore’s resilience against cyber threats and also serves as a model for global best practices in cybersecurity. In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework.
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The rise of generative AI in payment security: A double-edged sword for data privacy
The Payments Association
DECEMBER 9, 2024
It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats.
Privacy 88
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Merchant Underwriting: What It Is, How It Works, and Why It’s Important
Stax
JANUARY 23, 2025
Ensure regulatory compliance by adhering to anti-money laundering (AML) laws and Know Your Customer (KYC) requirements. By thoroughly assessing merchants, processors can: Reduce fraud and chargebacks by identifying potentially fraudulent or non-compliant merchants before onboarding them.
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The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration
Fi911
JANUARY 31, 2024
Navigating the Path Ahead with Caution Banks bear significant overhead costs managing infrastructure, regulatory compliance, and customer service. AI-driven credit scoring models can rapidly assess an applicant’s creditworthiness, potentially reducing waiting times for loan approvals and enhancing customer satisfaction.
AI 98
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It’s 2021. Do You Know What Your AI Is Doing?
FICO
MAY 24, 2021
As an example, almost half (43%) of respondents say they have no responsibilities beyond regulatory compliance to ethically manage AI systems that make decisions which may indirectly affect people's livelihoods. It’s clear that the business community is committed to driving transformation through AI-powered automation.
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A Merchant Guide for Cryptocurrency Payments
Clearly Payments
JANUARY 4, 2024
This guide aims to provide merchants with an overview of cryptocurrency payments, highlighting the advantages, challenges, and best practices for integrating crypto payment methods into their business operations. Regulatory Compliance: The regulatory environment for cryptocurrencies varies across jurisdictions.
Cryptocurrency 105
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The Transformative Power of Cards-as-a-Service in Revitalising Credit Cards
Fintech News
JUNE 12, 2024
Regulatory compliance, scalability, and performance are likely to pose continued hurdles. Collaboration between financial institutions, technology providers, and regulators will be essential to foster a supportive regulatory environment. Challenges and collaboration The widespread adoption of CaaS is not without challenges.
Credit Cards 108
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Mexico in Focus: Open Banking and Financial Inclusion
Open Banking Excellence
SEPTEMBER 27, 2024
By sharing best practices and success stories from the UK’s own experience with Open Banking, the Embassy is helping to accelerate the adoption of innovative solutions in Mexico. Furthermore, the DBT’s efforts have included supporting Mexican fintech startups and fostering partnerships between UK and Mexican companies.
More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand
Fintech News
FEBRUARY 26, 2024
While a majority view their regulatory landscape as adequate, with 63% of surveyed fintechs rating it favourably (with 36% even lauding their regulatory environment as a major supporting factor of their operational growth in recent years), a considerable segment finds aspects of regulatory compliance, licensing, and registration to be burdensome.
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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work
Stax
FEBRUARY 5, 2024
That’s why understanding surcharging—including its definitions, types, calculating methods, and best practices—can help you incorporate surcharging into your operations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Regulatory Compliance.
Credit Cards 88
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Unearned Revenue: What it is and What it Means for Subscription Businesses
Stax
MAY 20, 2024
Regulatory compliance and financial reporting Because service revenue needs to be kept separate from earned revenue until the point it can be recognized, there is a robust set of accounting principles for business owners to follow that ensures unearned revenue is recorded correctly.
Accounts 167
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Video: Explore Better Decisions with AI at FICO World 2019
FICO
JUNE 19, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions with AI and optimizing business results.
AI 40
40 Spotlight Your Success in the FICO Decisions Awards
FICO
JULY 14, 2016
These awards honor our clients' strategic wins, use of best practices and innovative deployments of technology. Awards will be presented in six categories: Analytic Excellence , Customer Onboarding and Management , Debt Management , Decision Management Innovation , Fraud Control and Regulatory Compliance.
Explore AI and Digital Transformation at FICO World 2019
FICO
JUNE 4, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions and optimizing business results. Regulatory Compliance. Tracks for this year's conference include: Acquisition, Origination & Growth. Auto Finance.
AI 40
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Explore AI and Digital Transformation at FICO World 2019
FICO
MAY 28, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions and optimizing business results. Regulatory Compliance. Tracks for this year's conference include: Acquisition, Origination & Growth. Auto Finance.
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1inch appoints a new Chief Compliance Officer
Fintech Review
NOVEMBER 6, 2024
With a distinguished career spanning both the public sector, digital assets and traditional finance, Hedi brings a wealth of expertise in permissionless security and regulatory compliance and combating financial crime, reinforcing 1inch commitment to legal integrity, principled compliance and robust governance.
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BIS: Central Banks Need to Embrace the AI Era to Stay Ahead of Financial Efficiency
Fintech News
JULY 4, 2024
AI can enhance central banks’ capabilities across various functions, including economic forecasting, financial stability monitoring, and regulatory compliance. It suggests the formation of a “community of practice” to share knowledge, data, best practices, and AI tools.
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103 Accutive Eyes GDPR Compliance With Encryption Alternative
PYMNTS
FEBRUARY 21, 2019
Data Discovery enables businesses to identify sensitive data that will require specific regulatory compliance measures. Accutive said that the combination of both solutions supports organizations’ data protection compliance and security needs under GDPR , HIPAA and other data protection regulations.
Encryption 51
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Video: Explore Better Decisions with AI at FICO World 2019
FICO
JUNE 19, 2019
With more than 90 sessions, FICO World attendees will hear the latest case studies, analytic innovations and best practices for making real-time customer decisions with AI and optimizing business results.
AI 40
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Cybersecurity Investments Are Paying Off For GDPR-Ready Firms
PYMNTS
JANUARY 29, 2019
The latest research from Cisco on the topic suggests executives may want to loosen the purse strings when it comes to cybersecurity investment, because the spend is paying off — including in ways beyond regulatory compliance.
Understanding the importance of a Compliance Monitoring Plan: An expert interview
Neopay
SEPTEMBER 2, 2024
As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. How does a Compliance Monitoring Plan help with keeping registrations and certifications up-to-date? Contact us today to learn more about how we can support your compliance needs.
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Analytic Heroes Come Forward!
FICO
AUGUST 29, 2019
Regulatory Compliance. A panel of independent judges with deep industry expertise will evaluate nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. Debt Management. Decision Management Innovation. by FICO.
Preparing for FCA authorisation: what you need to know
Neopay
MAY 8, 2024
Why high-quality financial information matters Submitting complete and accurate financial information demonstrates your firm’s readiness, organisation, and commitment to regulatory compliance. Record-keeping guidance : We’ll advise you on best practices for maintaining regulatory-compliant records.
Gen Z is leading adoption of new payments. Here’s how BNPL is being affected.
Tearsheet
JULY 1, 2024
What are best practices when it comes to protecting consumer information? First and foremost, your security must exceed industry compliance standards. This reduces fraud risk and addresses data privacy concerns, which, again, helps to build trust between merchants and consumers. It’s not good enough to just meet the standard.
BNPL 105
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Middesk CEO On Helping FIs And FinTechs Derisk KYB
PYMNTS
SEPTEMBER 8, 2020
The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. For a brand-new company, there's no question that compliance is important — but you also have other things on your plate.
FinTech 79
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Identity Risk Management: Strategic Approaches to Mitigate Risk
Seon
JUNE 24, 2024
Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. Factors like regulatory compliance obligations and the potential financial or reputational repercussions are also considered during this assessment.
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