Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

DECEMBER 13, 2023

The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence. Moreover, AI contributes to effective disaster recovery planning by monitoring data backups and facilitating swift recovery processes.

AI 102

AI Process Fraud Detection Compliance 102

Global Fintech & Digital Assets

MARCH 5, 2024

Banks’ contingency and disaster recovery arrangements should cover any disruption to the outsourced services. The bank should ensure that the service provider can effectively provide the service, monitor the service provider’s performance, and establish appropriate policies and procedures around the outsourcing arrangements.

Authorization 59

Authorization Product Due Diligence Procedures 59

PYMNTS

MAY 15, 2017

Now, active and frequent interaction becomes part of the lifecycle of risk management, said the executive, from planning a strategy through to due diligence to monitoring, and, perhaps even termination of a vendor and supplier relationship. . And yet, even as technology advances, one size does not fit all, the duo agreed.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Neopay

JUNE 27, 2024

This includes implementing robust customer due diligence processes, screening arrangements, customer risk assessment, transaction monitoring systems and ongoing due diligence reviews and risk assessments. This includes redundant systems, backup facilities, and disaster recovery procedures.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

MAY 2, 2016

We complete customer and vendor due diligence and audits, manage disaster recovery planning and testing, manage customer contracts for compliance with regulatory and recovery clauses and ensure staff are aware of compliance requirements.

Risk 41

Risk Risk Management Disaster Recovery Audit 41

The Payments Association

MARCH 20, 2025

Having robust contingency plans, backup systems, and disaster recovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact. The final pillar is business continuity and incident response. Even the most technologically advanced firms are not immune to disruption.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88