Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

DECEMBER 13, 2023

The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence. AI's ability to consistently enforce security measures helps prevent unauthorized access and data breaches. Adaptability to Regulatory Changes: Regulations in the insurance industry are subject to change.

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

MAY 15, 2017

Now, active and frequent interaction becomes part of the lifecycle of risk management, said the executive, from planning a strategy through to due diligence to monitoring, and, perhaps even termination of a vendor and supplier relationship. . And yet, even as technology advances, one size does not fit all, the duo agreed.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Neopay

JUNE 27, 2024

This includes implementing robust customer due diligence processes, screening arrangements, customer risk assessment, transaction monitoring systems and ongoing due diligence reviews and risk assessments. This includes redundant systems, backup facilities, and disaster recovery procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Payments Association

MARCH 20, 2025

Phishing attacks, ransomware, and data breaches have become constant threats. Having robust contingency plans, backup systems, and disaster recovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact. The final pillar is business continuity and incident response.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88