VISTA InfoSec

NOVEMBER 12, 2024

Moreover, it reduces potential financial and reputational damage from data breaches and fines. As one of the most trusted PCI DSS advisors, VISTA InfoSec has seen firsthand how implementing PCI DSS can bolster client trust and improve overall data security in the SaaS sector.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential.

Risk Management 97

Risk Management Risk PCI DSS Process 97

The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Open data extends beyond regulated financial data-sharing to non-banking datasets, such as telecom, utility, e-commerce, and social data, creating new layers of insight but also new risks.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

MARCH 25, 2024

The role of data and analytics in open finance An essential aspect of open finance is the emphasis on data and analytics. The ability to securely share and analyse financial data opens up new avenues for personalised services, risk assessment, as well as customer engagement.

Finance 115

Finance Regulatory Compliance On-Demand Compliance 115

VISTA InfoSec

JULY 5, 2023

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. What is data security in healthcare? million between May 2020 and March 2021.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

VISTA InfoSec

FEBRUARY 28, 2024

In our ongoing series of articles on the Payment Card Industry Data Security Standard (PCI DSS), we’ve been examining each requirement in detail. Higher risk systems need more frequent changes. By prioritizing cardholder data security, v4.0 ’s guidance to upgrade data protection.

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

EBizCharge

JANUARY 16, 2025

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML).

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Finovate

FEBRUARY 15, 2024

Kodex AI Kodex AI’s generative AI solution enables financial professionals to complete analyses in minutes rather than days: find information, analyze data, or instantly draft reports. Client-focused teams in private banks (wealth managers) and banks for corporate and institutional clients (client solutions team).

Due Diligence 59

Due Diligence Risk Assessment CRM AI 59

The Finance Weekly

JUNE 7, 2022

However, many still have to address the fundamental data security and privacy compliance consequences. Inadequate risk management, governance, and compliance. Too many organizations lack security policies or fail to enforce them.

Cybersecurity 130

Cybersecurity Breach Privacy Risk Management 130

Fintech Review

FEBRUARY 13, 2024

As services transition online, consumers face new risks, including data breaches, online fraud, and exposure to unfair practices. It’s crucial for regulators to enforce stringent standards for data security and privacy to ensure consumer protection.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Tearsheet

JULY 1, 2024

Additionally, the conversation touches on important considerations such as data security, implementation challenges for businesses adopting new payment technologies, and potential future developments in the field. Security and privacy Data security and privacy are major concerns with new payment technologies.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Segpay

JANUARY 30, 2025

High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective. High-Risk Classification: A Core Concern Regulators and card schemes classify businesses based on perceived risk, assessing the likelihood of chargebacks, fraud, and other liabilities.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

PYMNTS

MARCH 10, 2017

“As GLBA has functioned, it is scalable, so the risk that a multinational institution has is going to much different than a small credit union and the risk assessment is much different, but everybody is on the same page.”. His commentary comes as federal lawmakers struggle to define a path for data security legislation.

Credit Union 43

Credit Union Cybersecurity GLBA Small Business 43

Stax

JANUARY 8, 2024

Data security and breach-prevention practices All payment systems run on information. A sound and unambiguous risk management policy provides an effective starting point for all the subsequent actions at the managerial and operational levels. This includes their name, date of birth, address, identity documents, etc.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

The Fintech Times

OCTOBER 26, 2024

Buy now, pay later (BNPL) was a common example, with the hope that open banking APIs could improve credit assessment for these services. Future applications for open banking in Saudi Arabia may include better risk assessments for variable income, more efficient government payments, and pre-filled mortgage applications.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration API 59

EBizCharge

NOVEMBER 12, 2024

Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile. Underwriters analyze factors such as transaction volumes and potential risks to determine the likelihood of financial instability or fraud.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Nanonets

AUGUST 1, 2023

By incorporating automated workpapers, trial balance, and analytics, a cloud-based audit suite equipped with integrated AI-enabled software and applications provides auditors with instant access to audit data in real-time. Secure confirmations, a critical aspect of the audit process, can be greatly improved through automation.

Audit 40

Audit Automation Risk Assessment Assessments 40

Segpay

DECEMBER 7, 2023

Appointing compliance officers Allowing external audits Providing access to data to researchers Enabling users to flag illegal or harmful content. By offering users greater control over their data and providing transparent insights into data collection practices, businesses can foster trust and compliance with the DSA’s regulations.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

PYMNTS

OCTOBER 16, 2019

However, more than half (51 percent) characterized their AML risk assessment, specifically, as “very” or “completely” effective. Federal standards exist for data security, AML and other anti-fraud measures, but state-level governments and legislation can also affect what is or is not allowed.

AML 49

AML Compliance Money Laundering Financial Crimes 49

PYMNTS

JULY 6, 2018

. “Recognizing these potential benefits, the government proposes to undertake a review of the merits of Open Banking in order to assess whether Open Banking would deliver positive results for Canadians, with the highest regard for consumer privacy, data security and financial stability.”

FinTech 52

FinTech Non-Bank Regulations Risk Assessment 52

M2P Fintech

DECEMBER 14, 2024

For example, M2P Finfluxs one-click CART (Credit Assessment and Risk Tool) and CRAM (Credit Risk Assessment Model) analysis tools enable lenders to quickly assess credit risk and streamline decision-making processes, ensuring adherence to these regulatory requirements.

Origination 52

Origination Payment APIs and Integration Assessments Compliance 52

EBizCharge

APRIL 26, 2024

This helps to reduce the average collection period and minimize the risk of late or delinquent payments. Conduct credit risk assessments: Credit risk assessments involve analyzing factors such as the client’s financial stability, payment history, and credit score.

Accounts 52

Accounts Best Practices Disputes Procedures 52

Nanonets

SEPTEMBER 23, 2024

Ensuring data security and compliance Finally, safeguarding data security and ensuring compliance with regulations like GDPR or HIPAA (in healthcare) is crucial.   Implement strict access controls and audit trails for all financial data, and conduct regular staff training on data security best practices.

Payment APIs and Integration 52

Payment APIs and Integration AI Audit Non-Bank 52

M2P Fintech

JANUARY 21, 2025

Yes, most LOS solutions are designed for seamless integration with existing financial systems and platforms, facilitating efficient data sharing and management across various applications. What measures are implemented in LOS to ensure data security and regulatory compliance?

Origination 52

Origination Payment APIs and Integration Underwriting Automation 52

The Fintech Times

MARCH 31, 2024

“AI has been a game changer and excelled in analysing vast data sets, enabling accurate risk assessments, fraud detection, and streamlined claims processing. “Hence striking the right balance between automation and human expertise is crucial to enhance efficiency without compromising risks due to automated decisions.

Risk 64

Risk AI Underwriting Automation 64

PYMNTS

MAY 15, 2017

With the changing roles and demands tied to security, she said, efforts are going well beyond the questionnaires sent out to third-party vendors querying about the controls that they may have in place — in effect “going from ‘trust’ to ‘verify,’” as she put it, with even on-site, independent assessments an increasing occurrence.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

FloQast

MARCH 1, 2024

Some examples of external fraud risks include vendor fraud and data breaches. Your IT department can be a valuable resource to help identify external fraud risks and the internal controls in place to help ensure data security.

Audit 52

Audit Compliance Assessments Procedures 52

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Nanonets

AUGUST 16, 2024

  With automation, insurers can automate repetitive tasks such as manual data entry and document verification, speed up claim processing to increase efficiency and accuracy and minimize errors and fraud. They also provide risk assessment and evaluation by identifying and mitigating potential fraudulent activities.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

AUGUST 22, 2023

Finance and Banking: Financial institutions deal with vast amounts of data, including transaction records, account balances, investment portfolios, and risk assessments. Retail and E-Commerce: Retail businesses manage inventory, sales data, customer information, and pricing strategies.

Automation 52

Automation Process Volume Consulting 52

Nanonets

DECEMBER 25, 2023

In underwriting, AI's data analysis capabilities enhance the accuracy of risk assessments, allowing insurers to make more informed decisions during the underwriting process. Robust Security and Compliance Nanonets places a paramount emphasis on data security and compliance with healthcare regulations.

AI 59

AI Process Payer Fraud Detection 59

Nanonets

DECEMBER 4, 2023

Enhance data security and compliance Automating order processing also means ensuring the data is secure and the system complies with relevant regulations. This is critically important as data breaches or non-compliance can lead to significant financial penalties and loss of customer trust.

Automation 52

Automation Process Payment APIs and Integration Returns 52

PYMNTS

AUGUST 24, 2017

Merchants capture a wealth of data. The goal was for merchants to be able to provide this wealth of data to the issuing site to use in risk assessment.”. “It was a complete black box with 3DS,” Karer said. It’s not good. Under the new protocol, the process has become much more transparent.

Security 41

Security Online and Mobile Banking Issuers Authentication 41

Nanonets

AUGUST 6, 2024

Scalable tools that can process large volumes of data, support distributed annotation teams, and offer cloud-based deployment options ensure seamless performance and flexibility and allow your tool to adapt to your changing needs. Data security and privacy: When dealing with sensitive or proprietary data, security and privacy are paramount.

Best Practices 52

Best Practices AI Automation Process 52

Nanonets

JULY 25, 2023

Analysts use historical data, assumptions, and projections to build models that help evaluate business scenarios, estimate future financial performance, and make strategic decisions. Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

Segpay

MARCH 10, 2025

Segpay helps reduce chargebacks with AI-powered fraud detection, risk assessment tools, and automated dispute resolution processes. Fraud Prevention & Compliance Fraudulent transactions increase operational costs and financial risks.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40