FICO

JANUARY 14, 2021

I am sure that many businesses will have spent time reflecting and reviewing their business contingency/disaster recovery plans with a view to identifying what they could have done differently, and what should be put in place to handle a similar situation in the future.

Disaster Recovery 52

Disaster Recovery On-Demand Automation Mitigation 52

Nanonets

MAY 8, 2023

Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies. Consistent oversight and adjustments are necessary to maintain an effective audit trail, and investing in cloud-based storage solutions can help mitigate storage challenges. What is an Audit Trail?

Audit 52

Audit Procedures Disaster Recovery Reconciliation 52

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Nanonets

JUNE 27, 2023

In an era where data breaches can have severe consequences, digitizing documents can help mitigate the risk and potential financial losses associated with unauthorized access to sensitive information. Backup and disaster recovery Establish a robust backup and disaster recovery plan for your digitized documents.

Product 52

Product Disaster Recovery Automation Compliance 52

PYMNTS

MAY 15, 2017

“That is where technology comes into play,” she said, referring to the availability of tools and software suites focused on cybersecurity, with attendant offerings in compliance to disaster recovery, among other areas. 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

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Penalties for noncompliance may vary, and an extensive list of considerations and mitigating factors are provided.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

MAY 6, 2024

  Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms. BlackLine enables organizations to standardize reconciliation formats, automate matching processes, and streamline exception management across various accounting scenarios.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. The approach reduces the risk of vendor lock-in and enhances both reliability and disaster recovery capabilities. Data-Driven Insights: Real-time analytics for informed decision-making.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

FloQast

DECEMBER 13, 2023

A risk assessment typically involves: Identifying risks Assessing the likelihood and impact of the risks Prioritizing the risks Developing risk mitigation strategies 3. They will be looking to see that the control is operating as designed and mitigates the identified financial reporting risk.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 21, 2023

An ERP system can help identify and mitigate various risks by integrating risk management functionalities. With features such as compliance management, data security, and disaster recovery, small businesses can proactively address potential risks and ensure business continuity.

Small Business 40

Small Business Automation Risk Process 40

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Industries that use AI must find a balance between harnessing the power of AI for positive transformation and mitigating its potential risks.

AI 90

AI Privacy Non-Bank Fraud Detection 90

PYMNTS

MARCH 17, 2017

According to him, mitigating and preventing ransomware in businesses requires that organizations first educate their staff about the growing threat. Douthwaite also noted the importance of a business having daily backups and a disaster recovery plan, so that in the wake of an attack, they are able to restore their mission critical files.

Breach 40

Breach Ransomware Disaster Recovery Cybersecurity 40