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 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. loyalty points, in-game assets).

Authorization 59

Authorization Product Due Diligence Procedures 59

Fintech News

MAY 28, 2024

In China, Alibaba Group’s MYBank is an online-only bank that serves SMEs as well as underbanked rural and urban customers by leveraging analytics on real-time payments data and risk-management systems, to analyse more than 3,000 variables when issuing loans. trillion by 2025.

APACS 125

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 125

Fintech News

JULY 24, 2024

This proactive approach to operations and maintenance represents a paradigm shift from reactive problem-solving to predictive risk management. By automating routine tasks and leveraging AI for complex decision-making, banks can significantly reduce the risk of human error while improving overall operational efficiency.

Finance 115

Finance Risk Mitigation Automation AI 115

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Segpay

MARCH 20, 2024

Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry. Malfunctions, errors, or algorithmic failures in AI systems could have far-reaching consequences, disrupting banking operations, causing financial losses, and undermining customer trust.

AI 111

AI Privacy Non-Bank Fraud Detection 111

FloQast

DECEMBER 13, 2023

It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years. It should be remembered that Arthur Andersen, the accounting firm contracted by Enron to handle its audits, used to provide Enron with substantial consulting services as well.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52