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Coincover Offers Protection for Bitso Customers Against Crypto Disaster Situations

The Fintech Times

By strategically partnering with Coincover, Bitso will benefit from complete protection against disaster situations, such as hacking or lost access, enabling it to better protect its customers’ funds.

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Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

As new systems and technologies are constantly added to the IT landscape, the risk of building what Huawei terms a “heavy architecture” is becoming increasingly difficult to manage over time. Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks.

Finance 115
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Understanding Risk Management Strategies as a PayFac

Stax

To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts. Regulatory compliance risk To maintain the integrity of financial transactions and to protect cardholder data, any company dealing with payments must strictly adhere to laws and regulations.

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FCA Authorisations: How are things changing? Are things improving?

Neopay

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

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Master SOX Compliance: A Comprehensive Guide for 2023

FloQast

In the context of internal controls, risk assessment identifies and evaluates the risks that could prevent the company’s internal controls from operating effectively. They will be looking to see that the control is operating as designed and mitigates the identified financial reporting risk.