Best Practices, Risk Assessment and Risk Management

Fundiin Teams up With Visa to Enhance Credit-scoring Model

Fintech Finance

MARCH 25, 2025

The partnership’s aim is to enhance Fundiin’s risk management capabilities, reduce costs, and expand credit opportunities for Vietnamese consumers, especially the unbanked and underbanked. Furthermore, it lays a foundation for Fundiin to explore further collaboration opportunities in the future.

Risk Assessment

Risk Assessment Risk Management BNPL Best Practices

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

The Payments Association

FEBRUARY 10, 2025

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime

Crime Fraud Prevention Risk Assessment Due Diligence

Risk Management for Merchants in Payment Processing

Clearly Payments

JANUARY 8, 2024

While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management

Risk Management Risk PCI DSS Process

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

FICO and T-Mobile Share Third Party Risk Management Best Practices

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. . by FICO.

Best Practices

Best Practices Risk Management Risk Risk Assessment

FICO and T-Mobile Share Third Party Risk Management Best Practices

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. . by FICO.

Best Practices

Best Practices Risk Management Risk Risk Assessment

Understanding Risk Management Strategies as a PayFac

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks.

Risk Management

Risk Management Risk Money Laundering Mitigation

Planning an Internal Audit Risk Assessment

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment

Risk Assessment Audit Assessments Risk

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

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Learn More What is Merchant Account Underwriting?

Underwriting

Underwriting PCI DSS Money Laundering Processors

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

ServiceNow Lands AI Partnerships with Visa and EY

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services.

AI

AI Disputes Risk Management Risk Assessment

Identity Risk Management: Strategic Approaches to Mitigate Risk

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management

Risk Management Mitigation Risk Identity Theft

Fraud Risk Management: How to Implement It & Advanced Technologies

Seon

APRIL 23, 2024

As an umbrella term, fraud risk management encompasses the systematic processes of identifying, assessing and responding to an organization’s fraud risk. How Does Fraud Risk Management Work?

Risk Management

Risk Management Risk Technology Fraud Detection

Cyber security measures for small and medium enterprises (SMEs)

VISTA InfoSec

SEPTEMBER 5, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

Security Phishing Ransomware Risk Assessment

Cyber security measures for small and medium enterprises (SMEs)

VISTA InfoSec

OCTOBER 21, 2024

Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures.

Security

Security Phishing Ransomware Risk Assessment

10 Upcoming Fintech Webinars to Attend

Fintech News

MAY 20, 2024

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech

FinTech Embedded Finance BNPL AI

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 to Achieve SOX Section 404 Compliance

FloQast

NOVEMBER 27, 2023

Additionally, areas such as risk management, segregation of duties, and even cybersecurity play pivotal roles. For instance, an effective risk management strategy helps companies preempt potential financial reporting pitfalls. As businesses grow and financial landscapes shift, risks aren’t static.

Compliance

Compliance Risk Assessment Audit Risk Management

What is Compliance Management?

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. Best Practices for Successful Compliance Management To implement an effective compliance management system, focus on best practices.

Compliance

Compliance Best Practices Mitigation Procedures

noqodi partners with Napier to secure Digital Payments in the UAE

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

Digital Payments Financial Crimes Security Payment APIs and Integration

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

How to Avoid Material Weaknesses in SOX Compliance

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

Compliance Audit Best Practices Risk Assessment

Enhancing Your Financial Decision-Making

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives.

Risk Assessment

Risk Assessment Assessments Risk Finance

Using Machine Learning to Improve Telecom Business Assurance

FICO

AUGUST 7, 2019

These projects bring together companies large and small to create innovative solutions to common challenges, demonstrating how this can be achieved leveraging key TM Forum best practices and standards. Fighting Fraud and Controlling Risk in New Service Requests.

Risk Assessment

Risk Assessment Assessments API Best Practices

Is Your Business Ready for DORA?

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.

Cybersecurity

Cybersecurity Compliance Procedures Risk Management

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

10 Types of Loan Management Systems—An Overview

M2P Fintech

FEBRUARY 28, 2025

Gold Loan Management System Gold loan management system streamlines the management of gold-backed loans, helping lenders enhance efficiency, ensure compliance, and optimize risk assessment. Core Capabilities of Finflux by M2P Robust Business Financials Verification : Ensures accurate financial assessment.

Payment APIs and Integration

Payment APIs and Integration Assessments Compliance Best Practices

Smart SOX Compliance: Cut Costs, Not Efficiency

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

Compliance Audit Automation Risk Assessment

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

5 Must-Have Features for Loan Origination System

M2P Fintech

NOVEMBER 7, 2024

It also provides lenders with Customized solutions : Offers customized workflows and best practices, boosting operational efficiency. Enhanced compliance management : By integrating compliance checks seamlessly, it reduces the risk of errors and regulatory penalties in a heavily regulated environment.

Origination

Origination PCI DSS API Underwriting

How Businesses Can Master Payment Terms to Improve Customer Payments

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. Therefore, enforcing common payment terms (Net 30, Net 60, etc.)

Payments

Payments Best Practices Settlement Assessments

AI in Healthcare Claims Processing: The Complete Guide

Nanonets

DECEMBER 25, 2023

This dynamic learning process ensures that AI in healthcare claims processing remains at the forefront of innovation, adapting to evolving regulations, coding standards, and industry best practices. This proactive approach not only safeguards insurers from financial losses but also ensures the integrity of the insurance system.

AI

AI Process Payer Fraud Detection

SOX Testing: A Step-by-Step Guide

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

Audit Compliance Assessments Procedures

Mastering the Art of Vendor Selection: A Friendly Guide

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

Risk Mitigation Mitigation Risk Assessment Assessments

Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

Nanonets

FEBRUARY 15, 2024

Risk Management and Contingency Planning: Action: Developed a risk management framework identifying critical components and establishing alternative suppliers and safety stock levels for each. Data: For high-risk components, safety stock levels were increased from 2 weeks to 4 weeks supply. CIO Sarah K.

Finance

Finance RFP Agreements Automation

10 Best Practices for FP&A

The Finance Weekly

FEBRUARY 23, 2025

This issue hampers forecasting accuracy, risk management, and resource allocation. Without accurate insights, businesses struggle with forecasting, risk management, and resource allocation. Manage Risk and Uncertainty Identifying risks early helps businesses prevent financial losses and adjust strategies effectively.

Best Practices

Best Practices Adjustments Risk Management Risk

Managing Third-Party Risk in Financial Services with Jenna Wells of Supply Wisdom

Finovate

MARCH 31, 2025

We interviewed Jenna Wells, Chief Operating Officer with Supply Wisdom , to talk about the issue of third-party risk management in financial services in 2025. Wells talks about how third-party risk in financial services is evolving, and what companies need to do in order to better manage it. Tom Thimot is CEO.

Risk

Risk Risk Management Assessments AI

An Overview of AI Regulations in Financial Services Around the World

Fintech News

FEBRUARY 11, 2025

According to Deloitte , the financial services sector is one of the largest adopters of artificial intelligence (AI) , with over 60% of financial institutions leveraging AI-powered solutions for decision-making, risk assessment, and automation. One of the biggest challenges is balancing innovation with risk management.

AI

AI Regulations APACS Consumer Financial Protection Bureau (CFPB)

Fundiin Teams up With Visa to Enhance Credit-scoring Model

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

Trending Sources

Risk Management for Merchants in Payment Processing

Understanding Risk Management Strategies as a PayFac

FICO and T-Mobile Share Third Party Risk Management Best Practices

FICO and T-Mobile Share Third Party Risk Management Best Practices

Understanding Risk Management Strategies as a PayFac

Planning an Internal Audit Risk Assessment

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

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

ServiceNow Lands AI Partnerships with Visa and EY

Identity Risk Management: Strategic Approaches to Mitigate Risk

Fraud Risk Management: How to Implement It & Advanced Technologies

Cyber security measures for small and medium enterprises (SMEs)

Cyber security measures for small and medium enterprises (SMEs)

10 Upcoming Fintech Webinars to Attend

How to Maintain Anti-Money Laundering Compliance as a PayFac

How to Achieve SOX Section 404 Compliance

What is Compliance Management?

noqodi partners with Napier to secure Digital Payments in the UAE

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

How to Avoid Material Weaknesses in SOX Compliance

Enhancing Your Financial Decision-Making

Using Machine Learning to Improve Telecom Business Assurance

Is Your Business Ready for DORA?

AML/KYC’s Data Confidence Crisis

10 Types of Loan Management Systems—An Overview

Smart SOX Compliance: Cut Costs, Not Efficiency

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

5 Must-Have Features for Loan Origination System

How Businesses Can Master Payment Terms to Improve Customer Payments

AI in Healthcare Claims Processing: The Complete Guide

SOX Testing: A Step-by-Step Guide

Mastering the Art of Vendor Selection: A Friendly Guide

Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

10 Best Practices for FP&A

Managing Third-Party Risk in Financial Services with Jenna Wells of Supply Wisdom

An Overview of AI Regulations in Financial Services Around the World

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