Neopay

DECEMBER 6, 2023

These reviews mainly focused on areas related to financial crime, controls, risk management, and business conduct, prompting firms to proactively evaluate their practices in these domains. Controls : The scrutiny of internal controls has been heightened to ensure they are robust and capable of effectively managing risks.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

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

VISTA InfoSec

OCTOBER 25, 2023

Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Fintech Finance

JUNE 17, 2024

In addition to product offerings, Whale Cloud and Ant International will cooperate to provide one-stop services, including technology and operations hosting, payment business planning consultation, business growth support, and business operations management.

Technology 95

Technology Financial Inclusion Money Laundering Risk Management 95

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.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

The Fintech Times

JANUARY 2, 2024

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority ( HKMA ) jointly issued a public consultation paper on 27 December 2023 regarding a new legislative proposal for implementing the regulatory regime for stablecoin issuers in Hong Kong.

Stablecoins 69

Stablecoins Issuers Consulting Authorization 69

FICO

DECEMBER 8, 2022

Credit risk management veterans who responsible for consumer loan portfolio risk management through the Great Recession can recall managing the challenge of responding to swiftly changing borrower payment behavior and the resulting portfolio delinquency and default rate volatility during that time. FICO Admin.

Addressing 52

Addressing Risk Risk Management Credit Risk 52

The Fintech Times

MARCH 22, 2024

Almost 85 per cent of tasks and activities in financial services firms would benefit from generative AI technology, according to a new research study by Fifty One Degrees , a London-based AI consultancy. Generative AI assistants are trained on specific policies, procedures and regulations.

AI 64

AI Underwriting Legal Consulting 64

Fi911

MAY 7, 2024

This termination leads to the business’s name being added to the TMF, marking it as a high-risk entity. This system, though crucial for risk management in the banking sector, can have significant repercussions for the businesses that find themselves placed on the TMF.

PCI DSS 82

PCI DSS Processors Compromise Identity Theft 82

The Fintech Times

FEBRUARY 10, 2024

Deloitte , the provider of audit, consulting, financial advisory, risk management and tax services, has revealed that 51 per cent of business leaders in the Middle East are concerned about a lack of funding as the primary hurdle to cybersecurity.

Cybersecurity 72

Cybersecurity Audit Risk Management Consulting 72

The Fintech Times

APRIL 5, 2024

Crypto.com explained that it will continue to consult with the South Korean regulatory authorities to ensure compliance with local laws and regulations with the highest standards of ethics, compliance and risk management. The post Crypto.com Debuts Crypto Trading Platform in South Korea appeared first on The Fintech Times.

Cryptocurrency 69

Cryptocurrency Regulations Compliance Risk Management 69

Finovate

MAY 16, 2024

By integrating predictive analytics for credit scoring, automated compliance monitoring, and real-time fraud detection systems, banks can enhance decision-making, ensure compliance, and secure transactions, streamlining operations while significantly improving risk management and customer trust.

AI 72

AI FinTech SWIFT Fraud Detection 72

The Fintech Times

FEBRUARY 21, 2024

The value of reported UK fraud increased to £2.3billion in 2023, more than double the £1.1billion recorded in 2022 and the second-largest annual fraud value recorded by BDO , the international network of public accounting, tax, consulting and business advisory firms, in 20 years.

Financial Crimes 59

Financial Crimes Crime Compliance Scams 59

FICO

APRIL 19, 2023

In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. All of these trends will be of concern to risk managers. This group is showing increased rates of missed payments and other signs of financial stress.

Credit Cards 52

Credit Cards Accounts Risk Management Risk 52

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

Fintech Review

MARCH 20, 2024

As well as the increasing application of AI in financial services for risk management and personalized experiences. These advancements aim to address both broad and specific risk scenarios while improving service customisation. There is a shift towards enterprise-wide technology to improve agility and customer service.

AI 104

AI API Risk Credit Risk 104

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

The Fintech Times

MAY 6, 2024

A new report from KARM Legal Consultants, the emerging technologies-focused law firm, provides insightful analysis into how the regulatory environments of the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Bahrain and Turkey compared to one another as well as to the EU and UK.

Innovation 64

Innovation FinTech BNPL Regulations 64

FICO

DECEMBER 8, 2022

In both the real and metaphorical example, it would be helpful to have additional upfront insight about how people might respond to stress, as it becomes more challenging to manage behavior once they are “through the door.”. Traditional underwriting risk management strategy approach in stressed versus unstressed economy.

Addressing 52

Addressing Risk Underwriting Risk Management 52

The Fintech Times

JUNE 29, 2024

With consultations still ongoing on the final technical standards, one-quarter of those in scope had not yet started preparation. A calmer, more transparent market Sergei Gorev, risk manager, YouHodler MiCA’s implementation is not just a milestone in the regulatory landscape.

Stablecoins 138

Stablecoins Regulations Compliance Cryptocurrency 138

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

FICO

NOVEMBER 23, 2021

He has held various roles in product development, risk management, software development and consulting for banks, hedge funds and software firms, including Standard Chartered Bank, TCG Group, HCL and Cognizant. Sid’s analyst research is focused on the intersection between risk management and high-performance analytics.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion Risk Management Consulting 52

Fintech News

APRIL 28, 2024

These trends were drawn from interviews with AWS customers in the banking industry, combined with insight from analyst firms and global consultancies. 77% of the Swiss banks surveyed by the consultancy believe ecosystems will have significant importance in the future growth of their business.

AI 99

AI Innovation Financial Crimes Crime 99

FICO

DECEMBER 2, 2020

Discuss your specific business challenges in private consultations with FICO experts. We welcome session submissions on topics related to customer success with decision management, risk management, fraud and financial crime, and advanced analytics.

Best Practices 52

Best Practices Financial Crimes Crime Risk Management 52

FICO

DECEMBER 8, 2022

Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management. Figure 1: Early-stage collections contact options and illustration of treatment prioritization by risk. Jim Patterson.

Addressing 52

Addressing Risk Risk Management Economy 52

Faster Payments Council

AUGUST 23, 2024

Industry experts will explore current trends in AI that impact payment technologies, from fraud detection algorithms and risk management to personalized customer experiences and operational efficiencies. Hear considerations including user experience, transaction routing, payments risk management, and navigating interoperability.

FPC 167

FPC ISO 20022 Federal Reserve Instant Payments 167

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

The Fintech Times

DECEMBER 14, 2023

Davies , a global financial services consulting firm, has appointed Eoin Gill as global relationship manager and partner. The company has also announced the appointments of Steven Huynh as VP, global expansion and payment partnerships and Adewale Ayantoye as VP, risk management.

FinTech 69

FinTech Online and Mobile Banking On-Demand Risk Management 69

Global Fintech & Digital Assets

FEBRUARY 13, 2024

By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper). Certain regulated entities exempted.

Regulations 59

Regulations Money Laundering Stablecoins Consulting 59

The Fintech Times

JULY 29, 2024

With extensive expertise in portfolio steering and risk management, Ishaq’s professional history with direct, regional, and international insurance and reinsurance companies has equipped him with a vast network of relationships and significant underwriting expertise across the region. “HDI

Underwriting 59

Underwriting Authorization APACS Risk Management 59

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

The Fintech Times

MAY 16, 2024

This partnership combines technology and solutions consulting expertise. NymCard, an embedded finance solutions provider in MENAP, has signed a strategic partnership with Dellsons Associates , a banking consultancy firm, to promote innovation in the fintech landscape and empower businesses across the Middle East and Pakistan.

FinTech 64

FinTech Distributed Ledger Technology (DLT) Embedded Finance Cross-Border 64

FICO

AUGUST 15, 2017

As artificial intelligence reaches new areas such as risk management in banking, explainable AI will become more important. Risk management has greater requirements for explaining decisions, Derek says, and this will force AI developers to think differently. Watch the video on Compare the Cloud.

AI 40

AI Fraud Detection Risk Management Advisors 40

The Fintech Times

DECEMBER 19, 2023

He previously worked at Amazon, PayPal and eBay with roles covering marketing, risk management and customer experience. He was most recently CEO at FutureLearn, previously held the position of COO at Moneysupermarket Group and was also managing director for MoneySavingExpert.

FinTech 59

FinTech Multi-Currency Agreements Risk Management 59

Fintech Finance

FEBRUARY 20, 2024

Uniquely B2B, Crossroads will feature world-class content from keynote speakers, along with global brands, industry consultants and solution providers. As 2024 emerges as the year of B2B in fintech, the timing could not be better.”

B2B 59

B2B Embedded Payments Payments Advisors 59

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

PYMNTS

JANUARY 5, 2017

4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service. ACI Worldwide will also deliver ongoing fraud prevention consultancy to KNET. “A With it, KNET can offer its member banks fraud protection.

Fraud Prevention 40

Fraud Prevention Risk Management Interoperability Electronic Banking 40