The Fintech Times

JULY 29, 2024

Julie Cunningham , founder and CEO Portend , the due diligence platform, explains how firms prioritising compliance completely avoid issues and are in turn, able to direct resources towards making change. Successful platforms prioritise proactive compliance measures and user education.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Segpay

OCTOBER 4, 2023

The risk is exceptionally high when merchants refrain from subjecting their affiliates to solid due diligence (KYC screening) during the customer acceptance process. Reputation Risks: Non-compliance can damage the reputation of both merchants and affiliates.

Security 52

Security Due Diligence Compliance Payments 52

PYMNTS

APRIL 18, 2018

In the age of data breaches , there’s a lot of talk and tools emerging in the fraud prevention and risk mitigation spaces, but many merchants are overlooking one of the most damaging types of fraud: the kind that is carried out not by criminals, but by the merchant’s own trusted customers.

Due Diligence 40

Due Diligence Disputes Data Breach Fraud Prevention 40

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

PYMNTS

MAY 17, 2018

At the same time, they’re challenged to manage growing volumes of data while implementing technologies to facilitate straight-through processing, due diligence, stress tests and risk checks.

Treasury Management 43

Treasury Management Central Bank Treasury Due Diligence 43

Faster Payments Council

SEPTEMBER 23, 2023

The panel will also examine leading practices to help FIs and corporates mitigate these risks. Panelists will share takeaways including steps banks and fintechs should take to determine if a partnership is a fit, ways to mitigate fraud.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

APRIL 27, 2017

The Central Bank told Bloomberg that during that time frame, AIB failed to “report suspicious transactions without delay” to police and tax authorities and did not engage in any due diligence of customers who had accounts that predated the first Irish anti-money laundering laws in 1995.

Money Laundering 40

Money Laundering Compliance Central Bank Due Diligence 40

Nanonets

APRIL 29, 2024

Balance sheet reconciliation software offers built-in compliance checks and audit trails, ensuring adherence to regulatory requirements and mitigating the risk of non-compliance penalties. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

FICO

SEPTEMBER 16, 2020

In fact, 20 percent of respondents picked this as their principal obstacle in meeting financial crime risk mitigation targets. Banks are challenged by the need for more information to deal with high rates of alerts from ineffective systems, while not vexing customers with incessant due diligence questions.

Money Laundering 52

Money Laundering Financial Crimes AI APACS 52

PYMNTS

AUGUST 21, 2018

Know Your Customer (KYC) regulations are tightening, but due diligence goes both ways in the buyer-supplier relationship, leading to a rise in Know Your Supplier efforts, too. The risks for buyers and suppliers when doing business with each other are vast. ” Financials on both ends of the equation are key, too.

Bots 40

Bots Risk Mitigation Risk Mitigation 40

FICO

FEBRUARY 14, 2017

RBA follows a multi-step approach: After initially assessing any risks (money laundering, tax fraud, etc.), customers are automatically categorized into a risk bucket. Based on the categorization, the right level of due diligence is being applied, with riskier customers getting more due diligence.

AML 40

AML Compliance AI Money Laundering 40

PYMNTS

OCTOBER 22, 2018

With financial crime on the rise, CGI HotScan360 aims to deliver integrated, intelligent and real-time anti-money laundering (AML), customer due diligence and fraud detection capabilities. CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution.

Risk Mitigation 43

Risk Mitigation Mitigation Compliance Risk 43

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 59

Risk Financial Crimes AML Risk Management 59

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation. It also boasts a user-friendly dashboard that offers an intuitive interface, enabling customers to make informed decisions quickly and confidently.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

PYMNTS

JULY 19, 2018

We can’t stranglehold innovation by putting all sorts of different rules and risk mitigation platforms in place.”. Embracing a Multidisciplinary Approach. Those features can be provided to the bank as a sales enablement tool.

Risk 42

Risk FinTech Risk Management Privacy 42

FICO

JANUARY 7, 2021

Leaders will: replace tedious calls between demand planners begging for inventory with automated, scenario-based allocation, more refined inventory policies, more responsive forecasting, better markdown, risk-sharing between suppliers and customers, and other risk mitigation mechanisms. FICO Platform Supports Care By Volvo.

AI 52

AI Posting On-Demand Due Diligence 52

Core

FEBRUARY 6, 2024

Government Accountability Office’s Fraud Risk Management Framework , a framework rooted in leading practices for both prevention and response is crucial to successfully manage fraud risk mitigation for government programs. Such a framework can only work when multiple strategies are implemented at once.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54