Due Diligence Risk Management Technology Risk 
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.
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.
PYMNTS
JUNE 17, 2020
The bank stands accused of failing to assess money laundering and terrorism financing risks; regulators said record-keeping was faulty and the company failed to monitor customer due diligence on transactions that may have been tied to child exploitation and endangerment. Crime, At Scale.
Fintech News
JANUARY 24, 2024
The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.
The Payments Association
DECEMBER 9, 2024
Financial institutions must align with UK and EU regulations by 2025, implementing unified compliance frameworks, advanced risk management, and real-time monitoring tools. Operational resilience ensures firms can withstand disruptions like cyberattacks or supply chain failures, safeguarding critical services and consumer trust.
Expert insights. Personalized for you.
97 
Let's personalize your content