VISTA InfoSec

FEBRUARY 25, 2024

Encrypt Data Flows Implement encryption for data in transit over networks and at rest within databases/servers to ensure meaningless ciphertext even if intercepted. Test restoration periodically. Conduct audits periodically post-partnership.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Fintech News

FEBRUARY 5, 2025

By integrating with DVS, Sumsub ensures compliance with local anti-money laundering (AML) and Know Your Customer (KYC) regulations while reducing fraud and streamlining onboarding through automation. It also minimises the risk of penalties associated with non-compliance.

Verification 72

Verification Checks Security Identity Theft 72

The Payments Association

JANUARY 28, 2025

Founded in 2019 in Lyon, Toporder provides a comprehensive cash register system, integrating business tools such as inventory management, accounting, statistical analysis, customer database management and more. to compliance with regulations, and an uncertain economic climate.

FinTech 88

FinTech Database Payroll Settlement 88

Fintech News

MARCH 24, 2025

Instead, this method requires users to provide key details such as an identification number, which are then cross-checked against government databases. Non-documentary verification enables verifying customer identities without requesting their identification documents (IDs).

APACS 92

APACS Verification Fraud Detection Money Laundering 92

Stax

JANUARY 23, 2025

The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Processors Money Laundering 68

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Fintech Times

AUGUST 13, 2024

PwC UK , the professional services leader, is joining forces with Cockroach Labs , a cloud-native SQL database provider for modern cloud applications, in a move to reduce the risks, costs, and complexity of regulatory compliance and mainframe modernisation.

Compliance 64

Compliance Risk Database Due Diligence 64

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

AML 74

AML Legal Compliance Verification 74

Neopay

JANUARY 30, 2025

The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime. Some firms screened customers against the NFD but failed to submit their own cases, undermining the collective intelligence of the database.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

PYMNTS

DECEMBER 10, 2020

Thousands of other cryptocurrencies began circulating on crypto exchanges in recent years, such as Ethereum, Monero and Ripple, many of which leverage blockchain technology to serve as a transaction database. Enforcing AML/KYC Compliance At Cryptocurrency Exchanges. Cryptocurrency-related crimes totaled $4.3

AML 88

AML Cryptocurrency Money Laundering Compliance 88

Fintech Review

JUNE 18, 2024

However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

VISTA InfoSec

FEBRUARY 21, 2024

. - But how did users interact with the databases? Well, all user access, queries, and actions on databases were done through programmatic methods. And who could directly access or query databases? Only database administrators had that privilege. What about application IDs for database applications?

PCI DSS 130

PCI DSS Database Best Practices Procedures 130

Fintech News

SEPTEMBER 8, 2024

The bank is the first in Indonesia to use the AWS Asia Pacific (Jakarta) Region, ensuring data compliance while offering faster service to local users. Key AWS features such as Amazon Aurora provide a scalable database, while Amazon ECS enables quicker addition of features like e-KYC to their mobile app.

Financial Inclusion 119

Financial Inclusion Underserved Database Mobile Banking 119

Fintech News

OCTOBER 23, 2024

We’re seeing a real acceleration in banks’ need to service their customers in a digital way, but also keep pace with rapidly changing regulatory and compliance environments as well.” These subsidiaries have different data sources that they need to call upon, such as credit bureaus, fraud databases, AML databases.

Finance 116

Finance APACS Multi-Currency Origination 116

The Finance Weekly

JULY 19, 2022

Easily database all versions of your work and with the click of your mouse conduct variance analysis, slice and dice data sets, perform drill-downs, FX conversions, and easily review version histories. Board integrates seamlessly with popular business software systems and platforms, such as SAP ERP and Microsoft Azure or SQL database tech.

CRM 240

CRM Finance Database Automation 240

Fintech News

MAY 22, 2024

Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements.

Financial Crimes 103

Financial Crimes Crime APACS Risk Assessment 103

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. AML compliance has not traditionally focused on monitoring this type of network. Open banking is evolving around an ecosystem of third-party providers (TPPs).

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

Clearly Payments

SEPTEMBER 22, 2024

Essentially, it’s a database that contains information about merchants who have had their credit card processing services terminated due to various reasons deemed as high-risk. Non-Compliance with PCI Standards : Failing to adhere to Payment Card Industry Data Security Standards (PCI DSS) can result in a listing.

Processors 102

Processors PCI DSS Credit Cards Non-Bank 102

Fintech Finance

JANUARY 20, 2025

Founded in 2019 in Lyon, Toporder provides a comprehensive cash register system, integrating business tools such as inventory management, accounting, statistical analysis, customer database management and more. to compliance with regulations, and an uncertain economic climate.

FinTech 105

FinTech Settlement Database Payroll 105

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Fintech News

APRIL 22, 2024

Furthermore, SecIron provides actionable insights and recommendations to help companies strengthen their security posture and maintain compliance with industry regulations. So, when a mobile app is downloaded or launched, SecIron is able to compare the app’s signature to the signatures in its database.

Phishing 118

Phishing Security Blocks Cybersecurity 118

Exact Payments

JANUARY 4, 2024

As a business owner or professional, it’s essential to understand the importance of PCI compliance and its requirements. Remember that failing to meet these standards can result in significant consequences, such as fines, loss of business, and ongoing audits to demonstrate compliance.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

PYMNTS

SEPTEMBER 11, 2019

million: Average annual AML compliance spending for Canadian firms with less than $10 billion USD in total assets. million: Number of customers whose KYC data was exposed in Jana Bank’s unprotected database. million: Average annual AML compliance spending for Canadian firms with less than $10 billion USD in total assets.

AML 76

AML Security Database Breach 76

VISTA InfoSec

FEBRUARY 28, 2024

Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Terminology Applications should use their own IDs, not individual user IDs to access the database. Requirement v3.2.1 (8.7) Greater emphasis on granular access control. password and token).

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Fintech News

FEBRUARY 21, 2024

New fintech companies leverage SaaS for swift product launches without significant initial infrastructure investments or compliance-related delays. Professional management by the SaaS provider team is vital, including continuous updates, data redundancy, secure data transmission, and compliance with stringent industry standards.

Payment APIs and Integration 108

Payment APIs and Integration PCI DSS Payments Compliance 108

PYMNTS

DECEMBER 16, 2020

Monetary Penalties: Non-compliance could result in sanctions that could include fines of up to 10 percent of the gatekeeper's worldwide revenues (not just revenues from EU areas). Oversight might include the appointment of independent external experts and auditors to assist the European Commission in compliance monitoring.

Regulations 108

Regulations Rules Compliance Database 108

CB Insights

AUGUST 10, 2021

New York-based Messari’s crypto analytics tools and research database enables investors to explore opportunities in the emerging asset class. The round drew participation from Point72 Ventures, Uncork Capital, Tom Glocer, and Winklevoss Capital, among others. How’s the company performing?

Research 69

Research Governance Government Database 69

Segpay

AUGUST 27, 2024

The compliance road has been full of twists and turns this year. I know I’ve written a lot about compliance this year, and for many, it’s been a companywide effort to cross that finish line. Lastly, scan your database for card expiration dates. For the majority of us, that’s driving revenue.

Alternative Payment Methods 105

Alternative Payment Methods Processors Volume Service Provider 105

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. Blockchain technology offers a solution to these concerns, enabling age verification without collecting or storing sensitive data in a centralized database.

Verification 105

Verification Blockchain Privacy Encryption 105

Segpay

SEPTEMBER 30, 2024

Social Media : Brazil’s recent ban on X (formerly Twitter) is tied to concerns over the platform’s compliance with the country’s laws. The Colombian Data Protection Law 1581 requires that any personal data collected for age verification purposes is handled securely and in compliance with privacy regulations.

Verification 111

Verification Legal Framework Laws Regulations 111

PYMNTS

NOVEMBER 6, 2020

Metodieva said that the virtual IBAN takes some of the basic concepts of making cross-border payments, streamlines the mechanics of those payments and makes compliance frictionless across B2B and eCommerce as companies enter the digital-first economy. Ultimately, the virtual IBAN functions as an improved version of the traditional IBAN. .

IBAN 98

IBAN Cross-Border B2B Cross-Border Payments 98

PYMNTS

NOVEMBER 25, 2020

In the case of recognition, an individual’s picture might be compared to millions of other faces in a database, one by one. Facial recognition is about exposing one’s identity. By contrast, face verification is about establishing one’s identity.

AI 141

AI Verification Disaster Recovery Authentication 141

The Fintech Times

FEBRUARY 19, 2025

. “Today’s AI systems have unprecedented power and innovation potential, but this technological leap requires an equal leap in our approach to compliance/risk management/institutional investment in responsible AI development.”

AI 64

AI Risk Monetary Loss Automation 64

Segpay

NOVEMBER 26, 2024

typing speed, location data), with authoritative databases or records. Regulatory compliance is crucial in ensuring data privacy. This process involves comparing official documents (e.g., passports, driver’s licenses), biometric data (e.g., fingerprints, facial recognition), or behavioral patterns (e.g.,

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

Basis Theory

OCTOBER 1, 2024

It’s hard to argue the role PCI compliance plays in today’s digital economy. Achieving PCI compliance, especially Level 1, tells a powerful story to the market: you take your data and its security seriously. What are PCI Compliance Levels, and why do they matter? PCI Level 1 Compliant: Over 6 million transactions per year.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

JUNE 22, 2020

database that includes virtually all new (and past) card applications from Visa issuers. The database, at launch, includes information spanning 100 million new applications, 12 million fraud cases and more than 8 million bankruptcies annually. Visa, said Barrett, is using analytics in tandem with a proprietary centralized U.S.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75