Stax

AUGUST 22, 2024

Two of the most popular payment solution providers for businesses looking to accept digital payments are payment processors and payment facilitators (PayFacs). In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

VISTA InfoSec

JUNE 26, 2024

As an investor, due diligence in cybersecurity involves examining several areas. 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.

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

The Fintech Times

AUGUST 30, 2024

However, they must do their due diligence too, especially in the age of deep-fakes. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication 63

Authentication Due Diligence Verification Compliance 63

The Payments Association

OCTOBER 11, 2024

Tighter oversight of third parties: When firms engage third parties to manage safeguarded funds, stricter due diligence and diversification will be required , reducing third-party failure risks. Additionally, the FCA advises firms to diversify their third-party risks.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

JUNE 27, 2024

It is important to showcase a strong understanding of the market and a viable long-term business plan. Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

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 59

Authorization Product Due Diligence Procedures 59

Nanonets

DECEMBER 13, 2023

The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence. Lastly, AI's predictive capabilities extend to risk management. 6: Maintaining Data Integrity AI is a critical asset in bolstering business continuity and safeguarding data in claims management.

AI 102

AI Process Fraud Detection Compliance 102