Fintech Finance

NOVEMBER 19, 2024

With this launch, we are equipping businesses with the essential tools they need to succeed, including simplified regulatory compliance, access to preferred local payment methods, and a gateway to an increasingly engaged consumer base. This mitigates the risks often associated with frontier markets.

Cross-Border Payments 94

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 94

Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. These challenges include legacy systems, regulatory compliance, and cultural resistance to change.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Incident Response and Business Continuity A GDPR-compliant password policy should be part of a broader cybersecurity strategy that includes incident response management and business continuity planning.

MFA 130

MFA Credential PCI DSS Compliance 130

Fintech Review

MARCH 27, 2024

My journey continued to a fund, where, amidst the 2007 financial crisis, I spotted a unique opportunity. By committing to these practices, companies can mitigate bias, promoting fairness and inclusivity in AI applications. RegTech will see growth as the demand for regulatory compliance increases.

AI 99

AI On-Demand Finance Regulatory Compliance 99

Fi911

FEBRUARY 29, 2024

The Importance of a VAR Sheet for Banks For banks, the VAR Sheet holds particular significance, offering a multitude of benefits: Risk Management: By detailing security measures and compliance protocols, the VAR sheet helps banks mitigate the risk of fraud and data breaches associated with payment processing.

VARS 72

VARS Payment APIs and Integration Regulatory Compliance Gateways 72

The Fintech Times

AUGUST 13, 2024

PwC UK , the professional services leader, is joining forces with Cockroach Labs , a cloud-native SQL database provider for modern cloud applications, in a move to reduce the risks, costs, and complexity of regulatory compliance and mainframe modernisation.

Compliance 64

Compliance Risk Database Due Diligence 64

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 100

Finance Risk Mitigation Automation AI 100

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.

AML 98

AML Verification Research Consumer 98

The Fintech Times

DECEMBER 9, 2024

Mike Camerling, CEO, Aevi Mike Camerling , CEO said: “The incident has underscored the critical need for resilience, especially in industries like payments, where operational continuity and consumer trust are paramount. ” EV payment anxiety continues to be a concern. How should businesses address this?

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats.

Privacy 88

Privacy AI Payment Security Security 88

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. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

AI 92

AI Innovation Financial Crimes Crime 92

Stax

MAY 20, 2024

Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. Learn More What is Unearned Revenue?

Accounts 167

Accounts Adjustments Legal Agreements 167

Segpay

FEBRUARY 21, 2024

Risk Monitoring The integration of generative AI in KYC also facilitates continuous monitoring of customer behavior, allowing PSPs to adapt to evolving risks dynamically. This ensures that the KYC processes remain robust and aligned with regulatory compliance, a critical aspect for financial institutions.

AI 89

AI Innovation Fraud Detection Encryption 89

Nanonets

MAY 31, 2023

All of these can reduce a business’s competitive edge, from delays in decision-making to poor strategic planning, even leading to difficulties in maintaining financial integrity, which increases the likelihood of fraud or regulatory action. AI can help mitigate these issues.

AI 122

AI Finance Fraud Detection Mitigation 122

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates. Stolte , assistant vice president at Amica.

Risk 59

Risk AI Risk Assessment Assessments 59

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

PYMNTS

JANUARY 24, 2019

procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

The Payments Association

DECEMBER 10, 2024

Fraudsters are continuously finding new sophisticated ways of leveraging AI to carry out cyber threats, with traditional fraud prevention methods, which rely on fixed rules and human intervention, being no longer sufficient to detect and mitigate the complex and evolving tactics used by fraudsters.

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

PYMNTS

SEPTEMBER 8, 2020

The result is a slew of unstructured data coming in from a variety of sources; financial service providers must try to make sense of it in order to maintain regulatory compliance and mitigate the risk of fraud. But when you look at business data, there's no FCRA.". On Tuesday (Sept.

FinTech 79

FinTech Compliance On-Demand Mitigation 79

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

PYMNTS

AUGUST 23, 2019

Emma Waddell will join the company as vice president of financial services compliance, while Joe Rodriguez will serve as lead counsel of financial services, per news from the retailer. “As Waddell comes to Walmart from SunTrust Bank , where she most recently served as executive vice president and chief compliance officer.

Governance 59

Governance Government Compliance Regulatory Compliance 59

Fintech Finance

MAY 21, 2024

With the growing instances of online fraud, it’s essential for banks and financial institutions to mitigate potential risks, offer more accurate identity verification processes, shorten onboarding times, and improve customer experience.” Two of the top 5 US national banks are Middesk customers.

UCC 52

UCC Payment APIs and Integration Due Diligence Verification 52

Fintech News

MARCH 10, 2024

Compliance Management and Support: SecIron is built by a team of specialised experts in the cybersecurity space who can assist businesses and organisations in complying with industry regulations and data privacy standards. Remember, user trust is a fragile asset, and only solid commitment to data security can safeguard it.

Digital Payments 90

Digital Payments Security Data Encryption Encryption 90

Fintech Review

DECEMBER 3, 2024

Frameworks governing digital assets seek to mitigate risks while enabling the integration of blockchain-based payments. Emerging Payment Technologies Technological advancements continue to reshape the payment landscape. Regulatory compliance adds further complexity, demanding robust systems and staff training.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

PYMNTS

MAY 2, 2019

Their partnership will focus on promoting regulatory compliance and digitization of cross-border trade , with the NextGen solution providing analysis of trade transactions, natural language processing to assess unstructured data and customer activity and process automation that aligns bank resources and policies. ”

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. The longer the system runs, the more precise it becomes, continuously refining its rules and thresholds to reduce fraud and increase accuracy.

Instant Payments 79

Instant Payments Transactions Payment APIs and Integration Compliance 79

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. This due diligence process should be continuous, not just at the onboarding stage, to identify any emerging risks or changes in the third party’s risk profile.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Fintech Times

SEPTEMBER 19, 2024

“This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. Risk orchestration provides a strategic approach that enables seamless compliance and fraud management for financial institutions.

Risk 59

Risk Financial Crimes AML Risk Management 59

Neopay

MARCH 22, 2024

The FCA also mentions how it’s enhanced use of data has also resulted in faster identification and mitigation of potential harms, evidenced by the removal of misleading adverts and warnings issued to unauthorised entities. The FCA highlights its flexibility in its efforts to keep the UK appealing for investment.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

FICO

NOVEMBER 20, 2018

As organizations continue to grapple with continuously changing industry requirements and how to better meet customer needs while mitigating risk, innovations in technology and solutions are crucial to enabling companies to grow and evolve.

Regulatory Compliance 40

Regulatory Compliance Compliance Mitigation Risk 40

FICO

JULY 31, 2019

These steps can help businesses in the US and other countries not only meet regulatory compliance requirements but ensure they understand and can manage the risk of their vendor and partner networks. Mitigating controls. Obtain evidence of ongoing compliance with standards (e.g., Let’s take a look at these four steps.

Risk 70

Risk Security Risk Assessment Risk Management 70

The Fintech Times

JANUARY 7, 2025

In recent years, the payments market has been marked by continuous dynamism, driven by disruptive innovations and the emergence of new paradigms based on open models. These technology-led changes have brought about a profound transformation in financial services, often described as a true revolution.

Value Added Service 59

Value Added Service Finance Cross-Border Payments Payee 59

PYMNTS

JULY 3, 2019

Their collaboration aims to address procure-to-pay regulatory compliance and fraud risks, the firms said. The Streamline for Invoices solution is an automated invoice processing tool with integrated artificial intelligence algorithms, developed by ITESOFT to mitigate the risk of fraud. Our teams see it daily in the field.

Regulatory Compliance 46

Regulatory Compliance Automation Mitigation B2B 46

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

MARCH 27, 2019

Dries Verboven, market manager of regulatory reporting at Wolters Kluwer Finance, Risk & Reporting, says it’s all about data, which is both the key to regulatory compliance, and to a more efficient and profitable operation for the entire institution. The Key To Compliance Is Data. From Burden To Opportunity.

Compliance 46

Compliance Regulatory Compliance Regulations Risk Mitigation 46

Fintech Finance

JANUARY 30, 2024

Together, the tools offered by AccessPay’s Fraud & Error Prevention Suite help businesses to streamline processes, mitigate key risks and improve regulatory compliance.

Payee 52

Payee Money Laundering Non-Bank Checks 52