Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

Nanonets

JUNE 27, 2023

Enhanced document security Physical documents are vulnerable to loss, theft, or damage from natural disasters, accidents, or unauthorized access. Document digitization provides enhanced security measures, such as encryption, access controls, and backup options, ensuring the confidentiality and integrity of sensitive information.

Product 52

Product Disaster Recovery Automation Compliance 52

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

Nanonets

JUNE 19, 2023

It involves implementing measures such as firewalls, intrusion detection systems, access controls, encryption, and other security protocols to protect sensitive data and ensure the integrity and confidentiality of automation processes. Security Measures: Security is a critical component of on-premise automation.

Automation 52

Automation Disaster Recovery Process Security 52

Segpay

MARCH 20, 2024

Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry. Banks must implement robust security measures, such as encryption, access controls, and data anonymization, to protect sensitive customer data from potential threats and vulnerabilities.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

Regulatory compliance forms the third. With frameworks like DORA and the FCAs operational resilience requirements, businesses must work to anticipate future regulatory trends. Advances in quantum computing may revolutionise cybersecurity, offering next-generation encryption that protects against sophisticated cyber threats.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88