Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection.

AI 144

AI Fraud Detection Regulatory Compliance Risk Assessment 144

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Fraud detection: Fraudulent claims are one of the insurance industry's biggest challenges.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Tearsheet

JULY 1, 2024

Two-factor authentication, encryption and fraud detection are minimum requirements. First and foremost, your security must exceed industry compliance standards. Start with a risk assessment. Transparency and Trust Gen Z expects clear terms of engagement: no hidden fees or unexpected surprises in the fine print.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Fintech News

JULY 4, 2024

In payments, AI-powered systems can enhance fraud detection and streamline cross-border transactions, potentially revitalising correspondent banking relationships that have dwindled due to regulatory pressures.

Central Bank 101

Central Bank AI Correspondent Bank Correspondent 101

The Fintech Times

MAY 14, 2024

AI & ML Artificial intelligence (AI) and machine learning (ML) are revolutionising various aspects of fintech, from risk assessment and fraud detection to customer service and personalization. Regulation and compliance Fintech companies continue to grapple with evolving regulatory frameworks globally.

Compliance 64

Compliance Privacy FinTech Innovation 64

Nanonets

SEPTEMBER 27, 2024

These pain points span across various aspects of insurance operations, from customer experience and fraud prevention to operational efficiency and regulatory compliance. Fraud Detection    Automation aids in identifying and flagging suspicious patterns through data analytics and real-time monitoring.

Process 52

Process Underwriting Automation Database 52

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. Depending on each organization’s risk tolerance, this may be where parties associated with the suspicious transaction are subjected to further security checks or trigger a more comprehensive manual review by risk teams. Ask an Expert What Does KYT Mean for AML Compliance?

Transactions 52

Transactions Due Diligence Money Laundering AML 52

The Fintech Times

DECEMBER 14, 2023

Take, as a few examples, the way AI is now used for risk-assessment purposes, analysing large amounts of data, and assessing creditworthiness quickly and effectively. Or in fraud detection , where it can recognise patterns, anomalies, and suspicious activities in real-time.

FinTech 69

FinTech Innovation Assessments Economy 69

Nanonets

APRIL 5, 2023

By using automation, lenders can also improve their loan processing times and reduce human error, ensuring regulatory compliance. Increased accuracy - automation can eliminate the risk of human errors in data entry and processing, resulting in more accurate customer filtering.

Automation 52

Automation Process Risk Assessment Assessments 52

The Fintech Times

APRIL 30, 2024

“They’re also developing value-added services like fraud detection and data analytics to remain competitive. They also focus on regulatory compliance to ensure secure and trustable transactions within the embedded finance ecosystem.” Their strengths are assessment, management, and specialised services.

Embedded Finance 69

Embedded Finance Finance Payment APIs and Integration Processors 69

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

The Fintech Times

SEPTEMBER 19, 2024

Lynn , partner at BPM , an assurance, advisory, tax and wealth management company, explains the benefits that automation can offer firms: “Risk orchestration is designed to enhance fraud detection and reduce risk to the entity that implements it.

Risk 59

Risk Financial Crimes AML Risk Management 59

Segpay

MARCH 20, 2024

Enhanced Fraud Detection and Security One of the most significant advantages of AI and Machine Learning in banking is its ability to detect fraudulent activities and enhance security measures. Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry.

AI 110

AI Privacy Non-Bank Fraud Detection 110

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. What does FICO offer and how does it distinguish from other AFC solutions?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81