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 68

FinTech Due Diligence Cybersecurity Risk Mitigation 68

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

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance.   Risk mitigation : Thorough   vendor evaluation   and ongoing monitoring can minimize the risks associated with disruptions, delays, or subpar product or service quality.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

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. “This necessitates a complementary risk identification and mitigation effort involving AML and fraud. .

Risk 58

Risk Financial Crimes AML Risk Management 58

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. They understand the unique compliance risks associated with this industry and can provide guidance and solutions tailored to address them.

Security 52

Security Due Diligence Compliance Payments 52

Fintech News

JUNE 5, 2024

The risk loop involves activities such as establishing key stakeholder relationships, conducting due diligence, and controlling organisational and industry-level risk exposure to ensure a comprehensive approach to risk mitigation. Each stage or node can be revisited to improve outsourcing outcomes.

FinTech 103

FinTech Mitigation Risk On-Demand 103

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 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

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

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

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

Neopay

JUNE 27, 2024

This includes implementing robust customer due diligence processes, screening arrangements, customer risk assessment, transaction monitoring systems and ongoing due diligence reviews and risk assessments.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 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

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

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

Nanonets

APRIL 29, 2024

By automating the reconciliation process, software solutions enable real-time identification and resolution of discrepancies, thereby enhancing risk mitigation efforts.   In addition to the factors mentioned above, it's crucial to conduct due diligence and thorough research into various software options.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Faster Payments Council

SEPTEMBER 23, 2023

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

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