Fintech News

NOVEMBER 27, 2024

The need for such solutions is critical as blockchain-related crime continues to rise. By integrating Elliptic’s cutting-edge blockchain analytics with Sumsub’s trusted verification and compliance platform, we’re empowering businesses to proactively address risks, protect their users, and stay ahead of regulatory demands.”

Crime 112

Crime Financial Crimes Travel Rule Blockchain 112

Fintech Finance

SEPTEMBER 13, 2024

As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Fintech News

MAY 20, 2024

These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world.

FinTech 135

FinTech Embedded Finance BNPL AI 135

Fintech News

APRIL 28, 2024

In today’s digital age, customers are demanding seamless and personalized experiences when interacting with their banks, the report says. Financial crime continues to evolve at a fast pace as fraudsters tap more sophisticated and advanced methods to circumvent detection.

AI 112

AI Innovation Financial Crimes Crime 112

Braintree

OCTOBER 4, 2019

As a global standard, SCA is a key element in AusPayNet's efforts to mitigate CNP fraud. How the fraud mitigation framework works In its CNP Fraud Mitigation Framework , AusPayNet defined new fraud thresholds that merchants and issuers are required to meet. 1 However, that doesn't mean credit card fraud went away.

Mitigation 52

Mitigation Authentication Credit Cards Issuers 52

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Scalability and Flexibility: Confirm that the platform can grow with your business and adapt to changing demands.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Fintech News

JUNE 10, 2024

The Akira threat group targets a wide range of sectors, including education, finance, manufacturing, and healthcare, demanding ransoms based on the victim’s business profile. Maintaining routine backups of critical data is essential for ensuring business continuity.

Ransomware 94

Ransomware Authorization Phishing Cybersecurity 94

The Fintech Times

JANUARY 10, 2024

per cent) and with associated high costs Data and sustainability join the priority charts Meanwhile, with continued higher demand for hybrid and remote working, investment in collaboration and communication technology supports and improves efficiency and productivity regardless of location.

Cybersecurity 120

Cybersecurity AI Risk End User 120

Fintech Review

MARCH 27, 2024

My journey continued to a fund, where, amidst the 2007 financial crisis, I spotted a unique opportunity. Recognizing the demand among UK SMEs for alternatives to traditional banking, I founded Nucleus Commercial Finance. RegTech will see growth as the demand for regulatory compliance increases. What is your elevator pitch?

AI 99

AI On-Demand Finance Regulatory Compliance 99

Fintech News

DECEMBER 13, 2023

As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. Considering that the crypto industry has likely continued to evolve in response to regulatory changes is essential.

Financial Crimes 117

Financial Crimes Money Laundering Crime Risk 117

PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. Merchants using a qualified debit card can schedule card receivables payouts and apply that cash toward inventory, bill pay and other requirements to continue operating and survive through the volatility.

Innovation 116

Innovation Payment APIs and Integration SWIFT Real Time Payments 116

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud. ” says Wells.

Deepfake 130

Deepfake Scams Fraud Detection Verification 130

Fintech News

JULY 24, 2024

The financial sector is on the edge of a major transformation powered by continuous technological advancements. Banks must, therefore, prioritise resilience and continuity as never before. Zero Downtime ensures continuous service availability, eliminating the concept of ‘offline’ in financial services.

Finance 119

Finance Risk Mitigation Automation AI 119

PYMNTS

NOVEMBER 17, 2020

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said.

Finance 99

Finance FinTech Risk Mitigation Non-Bank 99

The Payments Association

DECEMBER 11, 2024

Digital wallets will continue to grow in prevalence More than four in five (82%) respondents flagged this as a major trend shaping the payments industry. Instant payments are gaining momentum in a modern world where immediacy is everything; businesses and consumers demand speed without compromise.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

Fintech Finance

NOVEMBER 19, 2024

As more consumers embrace digital solutions, demand is rising for secure, accessible local payment options that connect them to global markets. This mitigates the risks often associated with frontier markets.

Cross-Border Payments 98

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 98

PYMNTS

JANUARY 27, 2021

What we’ve seen is an increasing demand from corporates to not have to do it themselves.”. But the continued evolution of FinTech has made integration far more accessible, and today, it’s up to those FinTech providers to facilitate connectivity. Such functionality can drive retention for a firm’s own end-users, she said.

Payment APIs and Integration 115

Payment APIs and Integration On-Demand Treasury End User 115

Fintech News

FEBRUARY 21, 2024

These tactics, which blend social engineering with fraudulent investment opportunities, underscore the need for continuous vigilance and education within the crypto community. Such measures were designed to discourage speculative trading and mitigate financial risks for retail investors. billion (SG$20.06

Crime 108

Crime Ransomware Scams Stablecoins 108

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech News

FEBRUARY 14, 2024

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).

Finance 123

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 123

PYMNTS

JUNE 23, 2020

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. ” “Supporting real-time payments through the RTP network is an important step for us,” he continued. In the U.S., And when it comes to legacy rails, the U.S. .”

Federal Reserve 106

Federal Reserve RTP Payment APIs and Integration Fed 106

Fintech Review

JULY 2, 2024

Machine learning algorithms continuously learn from data inputs, refining their analyses and predictions over time to stay ahead of evolving compliance challenges. This predictive capability allows firms to implement preemptive measures, thereby mitigating risks and maintaining regulatory compliance more effectively.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

Fintech News

MARCH 20, 2024

This transformation is not without its challenges, as banks grapple with the critical task of bridging the gap between traditional banking services and the demands of a digital-first customer base. In the last decade, GaussDB has been deployed on a large scale across multiple top banks in China.

Cybersecurity 112

Cybersecurity On-Demand Database Automation 112

The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

Global Payments 124

Global Payments Alternative Payment Methods Online and Mobile Banking Instant Payments 124

The Payments Association

DECEMBER 18, 2024

Undoubtedly, fintech and payments will continue to serve as pivotal forces shaping the financial landscape, but what trends will define the market next year? Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

Fintech Review

JUNE 12, 2024

On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed. Companies like Cuvva and Trov offer on-demand car and property insurance, providing coverage for specific periods, such as hours or days.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Finovate

MAY 13, 2024

But the overall message continues to be caution when it comes to investor attitudes about investech. CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks.

AI 119

AI Federal Reserve Underwriting Risk 119

Fintech News

JANUARY 31, 2024

In an era of disruption where technology has levelled the playing field in some areas and created unfair advantages in others, there is pressure on businesses to capitalise on new opportunities while mitigating emerging threats. COVID-19 has upended businesses and traditional scopes of work across the world.

On-Demand 113

On-Demand Best Practices Technology Enrollments 113

The Fintech Times

FEBRUARY 26, 2024

The rise in digital-first, digital-only providers has introduced competition and fundamentally transformed customer expectations.The demand for seamless, secure, and personalised financial experiences is fierce. Orchestrate customer journeys The digital age demands customer journeys that are secure, seamless and intuitive.

API 114

API Authentication Account Takeovers On-Demand 114

Fintech Finance

APRIL 17, 2024

Justt , the pioneering chargeback mitigation company, has announced the opening of its European headquarters in the heart of Camden Market, London. As chargeback volumes continue to climb, UK and European merchants are seeking Justt’s expertise to safeguard revenues.

Disputes 52

Disputes Mitigation Credit Cards On-Demand 52

Fintech Finance

JUNE 12, 2024

These legacy methods falter under high demand and diverse consumer preferences, leading to an 8% churn due to card expirations and insufficient funds, with an additional 12% of setups failing from manual entry errors. Trustly’s new solution taps into the growing subscription market, projected to reach $1.5

Economy 98

Economy AI Payment APIs and Integration Fraud Prevention 98

Nanonets

DECEMBER 13, 2023

1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years.

AI 102

AI Process Fraud Detection Compliance 102

The Payments Association

NOVEMBER 25, 2024

However, a pressing issue demands our collective attention: the de-risking practices that are inadvertently crippling legitimate money service businesses (MSBs) and empowering black-market alternatives. By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Fintech News

MARCH 10, 2024

In the dynamic landscape of Indonesia’s digital revolution, the exponential growth of digital payments has generated an increased demand for robust mobile app security solutions. The post Indonesia’s Booming Digital Payments Drive Demand for Robust Mobile App Security appeared first on Fintech Singapore.

Digital Payments 113

Digital Payments Security Data Encryption Encryption 113

Fintech Review

FEBRUARY 7, 2024

By leveraging cloud computing, these firms can effortlessly scale their operations up or down, sidestepping the traditional limitations imposed by physical infrastructure and thus, remaining highly adaptable to the market’s fluctuating demands. They avoid heavy investment in physical spaces. Resources flow to innovation instead.

FinTech 105

FinTech Risk Mitigation Non-Bank Data Breach 105

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. The rise in fraud, including the growth of phishing attacks and synthetic identity fraud , demands more than what conventional fraud prevention techniques can offer.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

FloQast

SEPTEMBER 18, 2024

While a significant 47% of compliance professionals are focused on reducing administrative demands, only 16% are exploring strategic risk orchestration. Many organizations encounter common obstacles that can hinder progress, ranging from overwhelming administrative demands to fragmented systems that impede effective risk management.

Compliance 85

Compliance Risk Risk Management On-Demand 85