PYMNTS

SEPTEMBER 25, 2018

The updates include connectivity with third parties, allowing its Fusion Framework System users to engage with their suppliers and other third parties in supply chains to streamline the vendor risk assessment process. The enhancement means third parties can more easily participate in a holistic risk mitigation strategy, Fusion noted.

Risk Management 73

Risk Management Risk Risk Mitigation Risk Assessment 73

Fintech Finance

JULY 22, 2024

This upward trend in remittances is expected to continue, solidifying both companies as leaders in the secure and efficient transferring of hard-earned funds. By continuously exploring new technologies, ACE Money Transfer and Trustly aim to deliver even faster, more affordable, and user-friendly remittance solutions for all.

Risk Mitigation 89

Risk Mitigation Funds Transfer Mitigation Security 89

PYMNTS

DECEMBER 13, 2018

and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Trade tensions between the U.S.

Risk 62

Risk Risk Mitigation Mitigation Cross-Border 62

The Fintech Times

AUGUST 21, 2024

As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. “Tools that assess and mitigate risks… can transform historical cost centres into revenue streams,” McCormick adds.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. So you must have risk avoidance, risk identification, and risk reduction strategies in place to combat fraudulent transactions.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

SEPTEMBER 15, 2020

As Metodieva explained, taking the PSD2 model of consolidating those banking relationships can have a profound impact on merchants’ ability to diversify risk within the payments landscape, without adding extra friction to the process. Diversifying Risk. I’ve seen that in Asia in the past few years, and it's really impressive.”.

Service Provider 119

Service Provider Payments Risk Acquirers 119

PYMNTS

JUNE 27, 2018

Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms. Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk.

Risk Mitigation 53

Risk Mitigation Mitigation Risk Management Cross-Border 53

PYMNTS

MARCH 13, 2017

One of the issues with this approach [to RDC] is that there is no way at the point of presentment to engage some of the sophisticated risk mitigation tools that are available across those different channels,” Ballagh said. As RDC technology progresses, it will continue to develop in the world of enterprise mobility, the executive said.

RDC 77

RDC Checks API Remote Deposit Capture 77

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment. Combining Forces.

Finance 63

Finance Risk Mitigation Underwriting Mitigation 63

Fintech News

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 89

Money Laundering Risk Crime Law Enforcement 89

PYMNTS

OCTOBER 23, 2020

"That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Risk Focus In Flux. Pre-pandemic, cybersecurity risks among third-party partners like suppliers had been top priority. Thinking Ahead. The second is to think proactively.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

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

PYMNTS

JUNE 20, 2017

But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

PYMNTS

JANUARY 7, 2021

It's a complex ecosystem, however, in which financial institutions must coordinate with insurers, institutional investors, and each other to not only originate trade finance, but mitigate risk and distribute assets. The fraud risk, but also the credit risk, the dilution rate and other financial stresses.

Finance 70

Finance Risk Mitigation Mitigation Cross-Border 70

PYMNTS

OCTOBER 7, 2016

. “I’m excited for what the future holds as we continue to provide innovative automation solutions for companies that are looking to transform the way they manage treasury and risk,” he said in another statement. Financial terms of the deal were not disclosed by the companies.

Treasury 49

Treasury Risk Mitigation Treasury Management Mitigation 49

Nanonets

MAY 31, 2023

AI can help mitigate these issues. This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Foster a culture of continuous learning and collaboration to embrace AI as an enabler for enhanced financial operations.

AI 122

AI Finance Fraud Detection Mitigation 122

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. AML remediation program, continue to serve the financial needs of its more than ten million U.S. balance sheet. ” U.S. .

AML 90

AML BSA Money Laundering Financial Crimes 90

PYMNTS

MARCH 3, 2017

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. Most of the companies surveyed have mature FX risk mitigation solutions deployed in their enterprises, the research found. The bank said Thursday (Mar. The bank said Thursday (Mar.

Risk Mitigation 40

Risk Mitigation Risk Mitigation Treasury 40

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Small businesses aren’t the only ones falling short on their supply chain, supplier and third-party risk management strategies. ” Yet SMBs face even greater headwinds in their efforts to mitigate these risks. .

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech 89

FinTech Mitigation Risk On-Demand 89

PYMNTS

NOVEMBER 11, 2016

When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. But sophisticated data management does offer some predictability to vendor risk mitigation and supply chain management. ” “That becomes quite complex,” he continued.

Risk 68

Risk Risk Mitigation Mitigation Risk Assessment 68

PYMNTS

JUNE 25, 2020

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to be a focus, too, as businesses gradually reopen and as employees begin to return to the office. Mitigating Risk. Asking the Right Questions.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

PYMNTS

MARCH 23, 2020

” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends. From Bank Accounts To LinkedIn Profiles.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

OCTOBER 17, 2016

The solution targets spend visibility for financial managers and CFOs, it added, as well as risk mitigation, compliance, cost reduction and other metrics. Information can be analyzed by category, supplier and historical spend, Eved said in its announcement.

Risk Mitigation 75

Risk Mitigation Compliance Mitigation Credit Cards 75

Fintech Review

FEBRUARY 7, 2024

Simultaneously, data analytics strengthens their decision-making processes, ensuring their strategies continue to align with the dynamic trends of the market and the shifting behaviors of consumers. Continuous technology updates are essential. Reliance on third-party providers introduces risks of service disruptions and data breaches.

FinTech 105

FinTech Non-Bank Risk Mitigation Data Breach 105

PYMNTS

JANUARY 24, 2019

Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

APRIL 10, 2019

The Association of Financial Professionals released new data this week that revealed the threat of payments fraud continues to climb, particularly for large enterprises, as scams like ACH fraud and the Business Email Compromise climb to record levels. But the latest analysis of U.S.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

PYMNTS

OCTOBER 7, 2016

. “Closing the gap of what insights were utilized in extending credit, to what insights are used to continue the utilization of credit, is critical for financial institutions today.” He offered the example of banks using analysis of financial statements to assess risk in the loan origination process. .

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

The Fintech Times

JULY 22, 2024

Both entities expect this upward trend in remittances to continue, solidifying both companies as leaders in the secure and efficient transferring of hard-earned funds. Since the partnership began in 2021, ACE Money Transfer and Trustly have supported a 40 per cent growth in remittance volume by enabling expats to send money home seamlessly.

Risk Mitigation 69

Risk Mitigation Funds Transfer Mitigation Security 69

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 101

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 101

Fintech News

MAY 14, 2024

The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks, and the democratisation of AI tools has fueled a creative explosion in digital media.

Deepfake 104

Deepfake Authentication Verification AI 104

Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Stay compliant with evolving regulations and adhere to fair lending practices, mitigating regulatory risks.

BNPL 76

BNPL Payments Mitigation Best Practices 76

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

PYMNTS

JANUARY 31, 2019

.” The report also issued a slight warning to the industry: While faster payment innovations and technologies are progressing, solutions “tend to focus on technology more than risk,” with less attention paid to risk mitigation and legality than to speed. “As the U.S. ”

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73