Fintech News

JULY 24, 2024

This proactive approach to operations and maintenance represents a paradigm shift from reactive problem-solving to predictive risk management. By automating routine tasks and leveraging AI for complex decision-making, banks can significantly reduce the risk of human error while improving overall operational efficiency.

Finance 117

Finance Risk Mitigation Automation Disaster Recovery 117

PYMNTS

MAY 15, 2017

The management of third-party relationships is no longer “one and done,” she added, with sporadic risk assessments. The firm was in the midst of evolving its risk management program to meet the then-current expectations of bank management and regulators.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Nanonets

DECEMBER 13, 2023

Lastly, AI's predictive capabilities extend to risk management. By analyzing historical data, AI systems identify potential risks associated with workforce changes and help insurance firms proactively manage these risks.

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. At TNS, this includes managing compliance with regulatory requirements, such as PCI standards, card scheme rules and SSAE16 reports.

Risk 41

Risk Risk Management Disaster Recovery Audit 41

Nanonets

JUNE 27, 2023

Managing access to information is a priority for 89% of organizations regarding their overall risk management and security posture. Document digitization enables better control and management of compliance-related documents, ensuring adherence to regulatory requirements and facilitating auditing processes.

Product 52

Product Disaster Recovery Automation Compliance 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

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

FICO

APRIL 16, 2019

A great case study from Medscheme, one of South Africa’s largest providers of administrative and health risk management solutions for the health care sector, shows how multiple technologies can be integrated to create a state-of-the-art decision platform.

Disaster Recovery 40

Disaster Recovery Rules Advisors Volume 40

Global Fintech & Digital Assets

DECEMBER 11, 2023

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. 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

M2P Fintech

AUGUST 8, 2023

This flexibility enables easy scalability of their credit card management system to meet growing customer needs, all while maintaining high performance and robust security. The approach reduces the risk of vendor lock-in and enhances both reliability and disaster recovery capabilities.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Nanonets

MAY 6, 2024

Security : BlackLine prioritizes security with ISO/IEC 27001 certifications, SSAE 18 SOC 1 and SOC 2 Type II reports, and robust protection measures such as TLS cryptographic protocols, firewalls, disaster recovery services, and third-party penetration testing. Single sign-on (SSO) enhances security and user experience.  

Reconciliation 52

Reconciliation Accounts Audit Automation 52

Nanonets

SEPTEMBER 21, 2023

Risk-Handling Tool: In today's fast-paced business environment, managing risk is crucial for small businesses. An ERP system can help identify and mitigate various risks by integrating risk management functionalities.

Small Business 40

Small Business Automation Risk Process 40

FloQast

DECEMBER 13, 2023

And SOX compliance will require IT systems to provide audit trails, data integrity and accuracy, and effective disaster recovery. Ever-evolving Risks : Today, the business environment is defined by unprecedented levels of fluidity. All of these need to be well documented and replicable for external auditor testing.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Segpay

MARCH 20, 2024

Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry. Malfunctions, errors, or algorithmic failures in AI systems could have far-reaching consequences, disrupting banking operations, causing financial losses, and undermining customer trust.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

The second pillar, cybersecurity and risk management, has become increasingly complex as cybercriminals exploit the rise of digital payments and remote working. Having robust contingency plans, backup systems, and disaster recovery mechanisms ensures that, in the event of a failure, operations can continue with minimal impact.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88