The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “Automated workflows facilitate real-time risk management, ensuring a coordinated response to evolving threats.

Risk 58

Risk Financial Crimes AML Risk Management 58

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

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. 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

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. Evaluating potential suppliers through a rigorous qualification process can help mitigate risks and ensure that they align with the business objectives and values.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Seon

APRIL 11, 2024

Both departments are crucial in identifying and mitigating fraud and reducing risk, including financial, operational, legal and reputational hazards. Such cross-functional insights facilitate a more proactive and predictive approach to identifying and mitigating financial crime, ensuring that organizations stay one step ahead.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 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

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence.

AI 102

AI Process Fraud Detection Compliance 102

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. To solve this we built an AI agent with web access trained to carry out a due diligence process and generate a report that’s fed directly into our database. The partnership brings together J.P.

AI 59

AI B2B Finance Underwriting 59

Seon

MAY 31, 2024

By leveraging advanced technologies, companies can preemptively identify and mitigate potential threats, safeguarding transactions and protecting customer activities without imposing undue burdens on customers. Any perception of negligence or indifference can cause irreparable damage to the brand’s reputation.

Fraud Prevention 52

Fraud Prevention Fraud Detection Compliance Money Laundering 52

PYMNTS

MAY 15, 2017

The management of third-party relationships is no longer “one and done,” she added, with sporadic risk assessments.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

Global Fintech & Digital Assets

OCTOBER 5, 2023

Risk Assessment The coin-listing policy must require thorough due diligence on both the relevant coin and its issuer prior to approval for listing, including with respect to the following risk categories: Technical Design and Technology; Operational; IT/Cybersecurity; Market and Liquidity; Illicit Finance; Legal; Reputational; and Regulatory.

Stablecoins 52

Stablecoins Procedures Issuers Due Diligence 52