The Fintech Times

FEBRUARY 24, 2024

It also lays down stringent requirements to ensure consistent security practices throughout the European Union, covering key areas such as ICT risk management, incident management and reporting, operational resilience testing, third-party risk management, and information sharing.

Compliance 69

Compliance Finance Risk Management Risk 69

The Fintech Times

APRIL 15, 2024

This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

PYMNTS

JANUARY 28, 2019

Corporates aren’t prepared to tackle the headwinds of market risks, according to two separate reports released last week. FTI Consulting released its inaugural Resilience Barometer report during the World Economic Forum held in Davos, Switzerland last week.

Risk 58

Risk Risk Management Mitigation Cybersecurity 58

Neopay

MAY 7, 2024

Implications for regulated firms The proposed changes necessitate updates to compliance and risk management frameworks. Firms may need to repeat or update risk assessments, implement new training programs, invest in technology, and re-evaluate existing client relationships and procedures.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

PYMNTS

NOVEMBER 10, 2020

According to an emailed press release, “this advanced service focuses on providing credit union users with concierge-like fraud consulting.” PSCU works with 1,500 credit unions to provide such services as payment processing, risk management, loyalty programs, digital banking and marketing.

Credit Union 60

Credit Union Credit Union Service Organization Fraud Prevention Risk Mitigation 60

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. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

Fintech News

JULY 24, 2024

As new systems and technologies are constantly added to the IT landscape, the risk of building what Huawei terms a “heavy architecture” is becoming increasingly difficult to manage over time. Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks.

Finance 115

Finance Risk Mitigation Automation AI 115

Faster Payments Council

AUGUST 23, 2024

In response, the Federal Reserve formed a scams definition and classification work group of payments and fraud experts to provide a more consistent foundation for scams reporting to help the payments industry better understand and mitigate the problem. 14 seconds.

FPC 167

FPC ISO 20022 Federal Reserve Instant Payments 167

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

The Fintech Times

JUNE 27, 2024

The act encompasses several key components, including the mandatory reporting of ICT-related incidents, rigorous risk management of third-party ICT service providers, and comprehensive operational resilience testing through methodologies such as TIBER-EU and threat intelligence-led penetration testing/red teaming.

Cybersecurity 59

Cybersecurity Compliance Economy Mitigation 59

The Fintech Times

DECEMBER 19, 2023

The collaboration aims to empower traders to anticipate market trends, mitigate credit risk and make informed investment decisions faster. He previously worked at Amazon, PayPal and eBay with roles covering marketing, risk management and customer experience.

FinTech 59

FinTech Multi-Currency Agreements Risk Management 59

Stax

JANUARY 31, 2024

While you can’t avoid the rate hikes, there are strategies and resources available to help merchants mitigate the impact. Risk management is an ongoing concern for networks setting interchange rates. Visa may modify rates to compensate for expected risks associated with different transaction types.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

The Fintech Times

JUNE 25, 2024

Following consulting positions at IBM, PwC and Deloitte , I joined Mastercard and held a variety of global roles that focused on commercialising new technologies, framing new business models and building ecosystems with increasing levels of responsibility to become senior vice president of provenance and strategy.

Blockchain 59

Blockchain Visa Use Case FinTech 59

VISTA InfoSec

JUNE 21, 2023

If your business doesn’t have an in-house cybersecurity team, you can outsource IT specialists and a forensics team, as well as seek HR, legal, and crisis management advice, depending on how volatile the situation is. They will help analyze the threat, the extent of the breach, and how to mitigate it. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Nanonets

MARCH 13, 2024

By automating data extraction from invoices, OCR software significantly reduces the burden of manual data entry, mitigating errors and optimizing resource utilization. OCR for invoices assists in managing these efficiently, ensuring compliance with regulatory requirements and timely payments to vendors.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

FICO

DECEMBER 8, 2022

Leveraging FICO Resilience Index to refine credit risk management decisions during benign economic phases defends against dramatic swings in delinquency rates and provides for a more consistent portfolio risk management approach over time. Of course, credit risk management is only one aspect of portfolio health.

Addressing 52

Addressing Risk Credit Limit Risk Management 52

FICO

JUNE 22, 2017

To mitigate these impacts, FIs will have to rely heavily on the rigor of their data management and the quality of their data, and on the application of Expected Credit Loss (ECL) modeling and overall governance.”.

Advisors 53

Advisors Mitigation Government Governance 53

PYMNTS

DECEMBER 11, 2018

A new report from consulting firm Protiviti finds corporate c-level executives have shown a sudden spike in their concern over the “digital readiness” of their organizations, particularly as older companies struggle to embrace technology and compete with “born digital” players. ” A Closer Look At The Risks.

Mitigation 65

Mitigation Risk Risk Mitigation Research 65

FICO

AUGUST 16, 2022

Bank of Canada is expected to raise the interest rates to further mitigate spending and curb rising inflation across the Canadian economy. . The above information was compiled by FICO Advisors, the business and strategy consulting arm of FICO. This is the strongest rate hike since 1998. Consumer inflation in June 2022 is up 8.1%

Credit Cards 52

Credit Cards Advisors Fraud Prevention Consulting 52

FICO

OCTOBER 19, 2022

UK lenders can use segmentation analysis on their portfolios to ensure that their web and mobile applications encourage consumers in distress to make contact at the first indications of difficulty, and to consider establishing special payment plans for those impacted by market pressures, mitigating further risk. Liz Ruddick.

Risk 52

Risk Credit Cards Advisors Card Issuer 52

Center for Payments

SEPTEMBER 15, 2022

Management, while using a business impact analysis and risk management processes to identify and monitor risks, should focus on risk mitigation avoidance and acceptance strategies. Does your plan include a method of communication with your customers/members?

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

PYMNTS

AUGUST 6, 2019

IBM has rolled out a new blockchain-powered solution aimed at mitigating supply chain risk. Developed in partnership with blockchain consultancy Chainyard, the Trust Your Supplier tool automatically generates what IBM describes as a passport for vendor identity.

Blockchain 46

Blockchain Audit Risk Mitigation 46

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering 88

Money Laundering Compliance AML BSA 88

Clearly Payments

NOVEMBER 19, 2023

Risk Management: To mitigate the complexities associated with cross-border transactions, international merchant accounts often incorporate robust risk management tools. This is particularly advantageous for eCommerce businesses, enabling them to tap into international markets and expand their reach beyond borders.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. However, Wingert said the fact remains that many financial institutions, merchant acquirers and online stores are missing important risk signals by overlooking a proven approach to fraud and risk management.

AML 108

AML Money Laundering Compliance Law Enforcement 108

FloQast

MAY 13, 2024

Despite this shift, consultants foresee AI enhancing how these professionals work rather than eliminating jobs. Have a well-defined incident response plan in place that outlines the steps to take when a breach occurs to mitigate damage and prevent further compromise of sensitive financial data. economy could be automated.

Accounts 52

Accounts Technology Cybersecurity Audit 52

PYMNTS

OCTOBER 29, 2018

Workday pointed to Deloitte Consulting’s Principal Matt Schwenderman to further explain how CFOs should become closer to CIOs. Furthermore, researchers found CFOs lack the knowledge and skill set needed to mitigate risk.

Finance 58

Finance Risk Risk Management Research 58

PYMNTS

JANUARY 30, 2020

In an interview with Karen Webster, Robert Butler , president of payments technology platform Payrix , illuminated the various degrees of risk that confront these providers — and how technology, with a dash of human interaction, can help mitigate at least some of those risks. Risks for Merchants — and Providers.

Risk 57

Risk Payment APIs and Integration Payments Cross-Border Payments 57

PYMNTS

JULY 31, 2018

An earlier report by consultancy firm Accourt also concluded that financial service providers are hiding FX fees from small business customers across Europe. More than 69 percent of U.K. In all, SMBs are paying $5.8

Cross-Border Payments 40

Cross-Border Payments Cross-Border Small Business Risk Mitigation 40

Nanonets

AUGUST 16, 2024

This may involve analyzing the policy language, reviewing the reported damages, and consulting with third-party databases to verify the claimant's identity and prior claims history. They also provide risk assessment and evaluation by identifying and mitigating potential fraudulent activities.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

EBizCharge

SEPTEMBER 17, 2024

Financial institutions set these limits to mitigate risk and ensure regulatory compliance. Banks also assess their own risk when setting transfer limits, considering factors like potential for fraud, operational capacity, and customer service considerations. How does fraud protection affect ACH transfer limits?

ACH 52

ACH Same Day ACH Electronic Funds Transfer (EFT) Direct Deposit 52

The Fintech Times

DECEMBER 19, 2023

Alongside this move, Visa Consulting & Analytics has also developed capabilities to support the key needs of Fintech Fast Track partners. Visa Risk Manager solution: helps financial institutions manage and mitigate payment risks. It provides a single point of access and reaches over 8.5

FinTech 59

FinTech Stop Payment Payroll Consulting 59

Fintech Finance

DECEMBER 18, 2023

Additionally, Visa Consulting & Analytics has developed capabilities to support key needs of Fintech Fast Track partners. Visa Risk Manager solution: helps financial institutions manage and mitigate payment risks. The program now provides a 12-month free trial of this solution.

FinTech 52

FinTech Debit Card Stop Payment Payroll 52

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry.

AI 111

AI Privacy Non-Bank Fraud Detection 111