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.

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

MAY 15, 2017

In an interview with PYMNTS’ Karen Webster as part of the continuing Topic TBD series, Gayle Woodbury, managing director at Crowe Horwath with Ops Risk, Third-Party Risk, and eGRC strategy, focused on risk for third parties where “cybersecurity seems to be an ever-changing topic.”.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Penalties for noncompliance may vary, and an extensive list of considerations and mitigating factors are provided. The Amendments reflect a continuation of that trend.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

MAY 6, 2024

  Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms. This transparency enhances accountability, facilitates management oversight, and supports continuous improvement initiatives.  

Reconciliation 52

Reconciliation Accounts Audit Automation 52

M2P Fintech

AUGUST 8, 2023

Enhanced Customer Experience: Personalized and user-friendly interfaces ensure increased customer adoption and continued usage. Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. Data-Driven Insights: Real-time analytics for informed decision-making.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

FloQast

DECEMBER 13, 2023

A risk assessment typically involves: Identifying risks Assessing the likelihood and impact of the risks Prioritizing the risks Developing risk mitigation strategies 3. They will be looking to see that the control is operating as designed and mitigates the identified financial reporting risk.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 21, 2023

Successful ERP implementation involves defining objectives, engaging stakeholders, providing training and support, and continuous improvement. Continuously improve the ERP system by incorporating feedback and making necessary adjustments. Prepare a detailed implementation plan and timeline.

Small Business 40

Small Business Automation Risk Process 40

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. Industries that use AI must find a balance between harnessing the power of AI for positive transformation and mitigating its potential risks.

AI 90

AI Privacy Non-Bank Fraud Detection 90

PYMNTS

MARCH 17, 2017

Ransomware attacks don’t discriminate between business and consumers and are continually expanding to reach more targets,” Douthwaite noted. “It According to him, mitigating and preventing ransomware in businesses requires that organizations first educate their staff about the growing threat. It gets worse.

Breach 40

Breach Ransomware Disaster Recovery Cybersecurity 40