Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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 112

Finance Risk Mitigation Automation AI 112

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

FloQast

DECEMBER 13, 2023

In the context of internal controls, risk assessment identifies and evaluates the risks that could prevent the company’s internal controls from operating effectively. And SOX compliance will require IT systems to provide audit trails, data integrity and accuracy, and effective disaster recovery.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52