Neopay

JUNE 27, 2024

To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

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. Managing access to information is a priority for 89% of organizations regarding their overall risk management and security posture.

Product 52

Product Disaster Recovery Automation Compliance 52

PYMNTS

MARCH 17, 2017

The latest research from the National Crime Agency and National Cyber Security Centre found that the risk to businesses is “significant and growing,” due to the increasing instances of ransomware attacks. It seems as though the trend of ransomware attacks isn’t disappearing any time soon.

Breach 40

Breach Ransomware Disaster Recovery Cybersecurity 40

Nanonets

SEPTEMBER 21, 2023

This integration eliminates the need for manual data entry and reduces the risk of errors and inconsistencies. This allows small businesses to automate manual processes, eliminate duplicate data entry, and reduce the risk of errors. One of the key advantages of cloud-based ERP solutions is their scalability.

Small Business 40

Small Business Automation Risk Process 40

The Fintech Times

JULY 20, 2024

Because of this, many will wonder how they can better equip themselves with tools to ensure they can mitigate the impact of problems, even if something on this scale happens again. Dafydd Vaughan, CTO at Public Digital “Companies and national governments need to be prepared and take mitigating actions to minimise their exposure.

Payments 75

Payments Mitigation Regulations ISO 20022 75

Segpay

MARCH 20, 2024

Deploying generative AI will be a dual-edged sword, presenting exciting opportunities and significant risks. While generative AI offers tremendous opportunities for innovation and growth in banking, it also comes with significant risks that require careful consideration. Look at the Bright Side!

AI 110

AI Privacy Non-Bank Fraud Detection 110

FloQast

DECEMBER 13, 2023

Combined with other issues, including panic selling, bank failures, excessive risk-taking, and economic imbalances, it created the perfect storm that led to Black Tuesday. Risk Assessment Risk assessment is the process of identifying and evaluating the risks that could impact achieving a company’s objectives.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

MAY 6, 2024

Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency.   Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms.

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. Instead of dealing with disparate vendors and interfaces, all stakeholders can access and collaborate on the same platform, streamlining workflows and reducing the risk of miscommunication or data discrepancies.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52