Finovate

SEPTEMBER 4, 2024

Ncontracts has acquired Venminder, a third-party risk management SaaS platform, to enhance its governance, risk, and compliance services. The acquisition will broaden Ncontracts’ expertise in third-party risk management and strengthen its position in both SaaS and knowledge-as-a-service markets.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

M2P Fintech

APRIL 11, 2025

Due diligence was inadequate, and end-use monitoring, especially for high-value or income-generating loans, was inconsistent or missing. KYC and Purity Checks Mandatory KYC compliance and enhanced due diligence for high-value loans. Loan sanction letters should include the weight, purity, and valuation of gold accepted.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

Fintech News

OCTOBER 8, 2024

These include maintaining a minimum capital of S$ 250,000 and adhering to stringent AML/CFT obligations, such as conducting customer due diligence, monitoring transactions, and reporting suspicious activities. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 99

Service Provider Due Diligence AML Money Laundering 99

Fintech Review

APRIL 19, 2025

SaaS fintech companies must ensure compliance, risk management, and secure infrastructure. This includes due diligence, auditing, and shared responsibilities with financial institutions. This flexibility opens doors to underserved segments that were previously priced out of traditional enterprise software.

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

Fintech News

NOVEMBER 20, 2024

Risk management is another challenge. Transaction data is often unstructured and inconsistent, requiring market players to build their own systems to manage risk. Risk management in B2B payments is very different from B2C payments. Increasing anti-money laundering (AML) regulations further add complexity.

Cross-Border Payments 123

Cross-Border Payments Cross-Border B2B Due Diligence 123

The Fintech Times

FEBRUARY 6, 2025

With Agentic AI Company Research, our customers particularly in the private credit space gain a clearer picture of each companys credit health, enabling them to move faster and make data-driven decisions with confidence in a sector often challenged by poor disclosures, lack of traditional credit ratings, and the need for intensive due diligence.

Research 59

Research AI Risk Assessment Due Diligence 59

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Stax

JANUARY 23, 2025

Step 2: Risk Assessment Risk management departments or specialized underwriting teams at the payments company evaluate the businesss model, industry risks, and potential sales volume. Speed vs. accuracy: Streamlining processes without compromising due diligence. Contact us today.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

PYMNTS

APRIL 26, 2018

While these challenges remain, firms must also assess and manage risks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier risk management is a beast. Does it stop with your supplier?

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

Stax

NOVEMBER 27, 2023

Even if you’re not in the financial industry, you’ll need a payment processor or payment service provider (PSP) to start generating revenue, which means you’ll need to either have a proper risk management framework in place—or work with a PSP that has one. In the U.S.,

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

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. Automated risk management solutions can be helpful in theory.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

PYMNTS

JANUARY 26, 2021

The partnership aims to create a secondary credit market that is transparent and efficient and makes it easy to manage credit and digitally store documents, loan history and due diligence activities, preventing “information asymmetry risks,” the release stated.

Wire Transfer 97

Wire Transfer Blockchain Wires Wire 97

Innovative Payments Association

SEPTEMBER 5, 2024

To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology.

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

JANUARY 30, 2019

Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. 29) said Opus is rolling out its Clarity KYC solution to automate KYC workflows and enhance risk analysis. A press release on Tuesday (Jan.

Due Diligence 46

Due Diligence Automation Money Laundering Fincen 46

The Fintech Times

AUGUST 30, 2024

However, they must do their due diligence too, especially in the age of deep-fakes. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication 64

Authentication Due Diligence Verification Compliance 64

Fi911

MARCH 14, 2024

Necessary Documentation to Provide a MID to a Merchant Before issuing a merchant identification number, banks or payment processors need to conduct due diligence to verify the legitimacy and financial stability of the merchant. When Should a Bank Consider Terminating a MID?

Due Diligence 104

Due Diligence Processors Fraud Detection Money Laundering 104

Fintech News

JUNE 5, 2024

As fintech introduces new dimensions of complexity and opportunity in outsourcing, two distinct challenges have emerged, prompting FIs to reevaluate traditional outsourcing life cycle management models. The first pertains to the need for strategic management with a focus on innovation.

FinTech 106

FinTech Mitigation Risk On-Demand 106

Fintech Review

APRIL 19, 2025

SaaS fintech companies must ensure compliance, risk management, and secure infrastructure. This includes due diligence, auditing, and shared responsibilities with financial institutions. This flexibility opens doors to underserved segments that were previously priced out of traditional enterprise software.

Finance 52

Finance FinTech Embedded Finance Payment APIs and Integration 52

The Fintech Times

JANUARY 28, 2024

Moody’s new Shell Company Indicator analyses over 485 million companies, entities, and individuals to flag behaviours that indicate a shell company may require further due diligence to assess its potential for involvement in illicit financial activity.

Due Diligence 59

Due Diligence Financial Crimes Crime Assessments 59

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

AML 65

AML Compliance Financial Crimes Automation 65

Fintech News

DECEMBER 17, 2023

Define key objectives to guide decision-making, including the institution’s role in the finance ecosystem, portfolio strategy, partner selection, and risk management. An experienced ecosystem integrator partner like Zühlke can be invaluable in managing these challenges.

Payment APIs and Integration 143

Payment APIs and Integration Money Laundering Due Diligence SWIFT 143

Finovate

MAY 6, 2024

regulators– the Board of Governors of the Federal Reserve System, the FDIC, and the OCC– have published a new third party risk management guide for community banks. The guide is intended to supplement the Interagency Guidance on Third-Party Relationships: Risk Management document the agencies published in June of last year.

Regulations 52

Regulations Community Banks FDIC Due Diligence 52

The Payments Association

OCTOBER 11, 2024

Tighter oversight of third parties: When firms engage third parties to manage safeguarded funds, stricter due diligence and diversification will be required , reducing third-party failure risks. Additionally, the FCA advises firms to diversify their third-party risks.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

The Fintech Times

AUGUST 9, 2024

Customisable workflows enable seamless integration of Identity Verification with AML and Personally Identifiable Information (PII) checks, tailored to each business’s due diligence requirements.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. The bank employs AI for over four million daily decisions in risk management, customer service, and sales and expects to reach 10 million by 2025.

AI 114

AI Risk Non-Bank On-Demand 114

PYMNTS

NOVEMBER 30, 2017

First, there’s the Capture product, which optimizes the due diligence portion of the onboarding process, Lam explained. Second, there are the risk management technologies, including the cyberspace crawler that automatically reads and analyzes social posts about the merchant.

Due Diligence 46

Due Diligence AI Risk Management Blocks 46

Neopay

OCTOBER 3, 2024

Despite this mandate, Starling opened over 54,000 accounts for 49,000 high-risk customers over a two-year period. Key takeaway : If your business deals with high-risk clients, it’s crucial to implement enhanced due diligence procedures.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

PYMNTS

FEBRUARY 12, 2019

Last year the Center for Financial Professionals and Aravo Solutions, a third-party risk management solution provider, released a survey on the struggles companies face to manage compliance requirements. took a series of steps to enhance its third-party risk management processes., Know Your Supplier.

Settlement 43

Settlement Compliance Risk OFAC 43

Neopay

DECEMBER 20, 2023

In the case of customers identified as domestic PEPs or having close associations with domestic PEPs, the initial risk assessment will consider them to present a lower level of risk compared to non-domestic PEPs. However, this flexibility is contingent upon the absence of other high (enhanced) risk factors.

Risk Assessment 52

Risk Assessment Money Laundering Assessments Regulations 52

Nanonets

APRIL 7, 2023

The demise of SVB serves as a stark reminder of the importance of due diligence and risk management when it comes to securing the financial position of startups. To mitigate these risks, many companies resorted to opening multiple bank accounts and distributing their funds across them.

Treasury Management 98

Treasury Management Treasury Due Diligence Wire Transfer 98

The Payments Association

OCTOBER 14, 2024

According to BDO Director of Fraud Risk Management, Sally Felton, argues that the new rules focus more on reaction than prevention. Firms are also expected to apply rigorous customer due diligence both at onboarding and throughout the customer relationship.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

The Fintech Times

SEPTEMBER 14, 2024

The emergence of AI and ML tools has enabled companies to analyse vast amounts of data in real time, detecting patterns that indicate potential compliance risks, such as money laundering, sanctions, or fraud. AI is only as smart as the data that fuels it, making it imperative to introduce policies and adhere to data quality standards.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106