Government and Risk Management

How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

AUGUST 26, 2023

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

Risk Management

Risk Management Risk AI Liquidity Risk

Mckinsey: Generative AI to Transform Risk Management in The Next 5 Years

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies.

Risk Management

Risk Management Risk AI Use Case

Ecommpay Responds to Confirmation That the UK Government is Abolishing the Payment Systems Regulator

Fintech Finance

MARCH 12, 2025

“However, we believe that abolishing the Payment Systems Regulator (PSR) at a time when the efficacy and resilience of payment systems, as well fraud risk management, are under intense review and focus, may not be the most opportune course of action.

Government

Government Governance Regulations Payments

Webinars

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

MORE WEBINARS

Citi Fined $400M Over Faulty Risk Management Systems

PYMNTS

OCTOBER 7, 2020

bank to fix the "significant ongoing deficiencies" in its risk management systems, The Wall Street Journal (WSJ) reported. In a consent order which Citi's board agreed to, the bank was chastised for failing in various areas of risk management and internal controls.

Risk Management

Risk Management Risk Procedures Regulations

Fundiin Teams up With Visa to Enhance Credit-scoring Model

Fintech Finance

MARCH 25, 2025

The partnership’s aim is to enhance Fundiin’s risk management capabilities, reduce costs, and expand credit opportunities for Vietnamese consumers, especially the unbanked and underbanked. Furthermore, it lays a foundation for Fundiin to explore further collaboration opportunities in the future.

Risk Assessment

Risk Assessment Risk Management BNPL Best Practices

SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

APRIL 7, 2025

The newly appointed Labour Government will be expected to unveil clear plans about how the regulatory framework will be shaped going forward. Stronger guidance and leadership from government and regulators could transform the market. Government should not throw the burden of this solely onto the private sector.

Financial Crimes

Financial Crimes Crime AML Fraud Prevention

Tackling Fraud and Compliance Burdens: CFIT Publishes Digital Company ID Blueprint

The Fintech Times

MARCH 7, 2025

These challenges must be addressed if we’re to support the government in its mission to deliver economic growth and safeguard the UK’s reputation as a safe place to do business.

Compliance

Compliance Financial Crimes Crime Government

The FRC’s Corporate Governance Review: What You Need to Know

FloQast

JANUARY 17, 2024

In May 2023, the Financial Reporting Council (FRC) published its consultation on the UK’s Corporate Governance Code. While the government has since delayed some Corporate Governance Code reforms, including the introduction of ARGA, the FRC has signalled its commitment to moving forward with other key proposals from the consultation.

Government

Government Governance AAP Audit

Ncontracts Acquires Third Party Risk Management Company Venminder

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

Risk Management Risk Due Diligence Acquirers

Citi fined $136m for lack of progress on fixing risk management flaws

Finextra

JULY 11, 2024

million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order. Citi has been fined $135.6

Risk Management

Risk Management Risk Government Governance

Top regulatory priorities for the payments sector

The Payments Association

FEBRUARY 14, 2025

The rollout of variable recurring payments (VRPs) in 2025 will drive open banking adoption, with live services enabling recurring payments to utilities, government, and financial services. Early adopters will shape standards and lead innovation, while latecomers risk falling behind. The FCA sees industry collaboration as critical.

Stablecoins

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance

Will Singapore Realise Its Tokenisation Dreams?

Fintech News

DECEMBER 9, 2024

GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance. Morgan, MUFG, and Societe Generale-FORGE , have been leading efforts to define the business, governance, risk, legal, and technology requirements of the GL1 Platform.

Cryptocurrency

Cryptocurrency Cross-Border Consumer Protection Facilitators

Creditinfo Launches KYC Fraud Solution to Combat $5trillion Global Financial Crime Problem

The Fintech Times

MARCH 28, 2025

To help put a dent in this figure, Creditinfo , a global service provider for credit information and risk management solutions, has launched its global identity, know your customer (KYC), and fraud and ID solution. In fact, the overall global economic impact of financial crime has been estimated to be $5trillion.

Financial Crimes

Financial Crimes Crime Fraud Prevention Due Diligence

Citi COO relieved of responsibility for data overhaul following $136 million fine

Finextra

SEPTEMBER 16, 2024

Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Risk Management

Risk Management Compliance Addressing Government

Experian and ValidMind partner on model risk management

Finextra

FEBRUARY 12, 2025

Experian, a leading global data and technology company, and ValidMind, a leader in model risk management solutions, today announced a strategic partnership designed to transform how financial institutions manage regulatory compliance, operational risk and model governance.

Risk Management

Risk Management Risk Regulatory Compliance Compliance

Burges Salmon names new Financial Services sector head

The Payments Association

NOVEMBER 12, 2024

Martin’s unique understanding of fintech also led to his appointment by the UK Government to become a founding member of the FinTech Delivery Panel, a body established to enhance the UK’s position as a global leader in the future of financial services.

Cross-Border

Cross-Border Disputes Legal Laws

How e-Wallets in APAC Are Leading the Cashless Charge

Fintech News

JANUARY 14, 2025

The government expanded the digital payment market reach by implementing initiatives like the Hawkers Go Digital program. The government has also been a big driver behind the adoption of digital payments by consumers through its Smart Nation initiative.

APACS

APACS eWallet Online and Mobile Banking Credit Cards

Gun policy's a job for government, not banks

Payments Source

FEBRUARY 4, 2019

Proposals that would have financial firms monitor or refuse to finance certain firearms purchases are misguided, putting the onus on unelected corporations.

Government

Government Governance Finance Risk Management

The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

Neopay

FEBRUARY 27, 2025

The European Banking Authority (EBA) narrowed down the scope of its existing Guidelines on ICT and security risk management measures, due to the application of harmonised ICT risk management requirements under the Digital Operational Resilience Act (DORA) from 17 January 2025.

Risk Management

Risk Management Risk Security Legal Framework

Citi COO shares responsibility for data overhaul following $136 million fine

Finextra

SEPTEMBER 16, 2024

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Risk Management

Risk Management Compliance Addressing Government

The Full List of Fintech Unicorns in Asia (2025)

Fintech News

APRIL 24, 2025

billion financial services platform Dianrong 1 billion lending solutions Wacai 1 billion wealth management CGTZ 2.41 billion asset management XTransfer 1.4 billion XTransfer created a global payment platform powered by data insights, automation, and risk management tools. billion debt investment platform eDaili 1.90

FinTech

FinTech Online and Mobile Banking Payment APIs and Integration Finance

As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

FEBRUARY 28, 2025

” Thoughtful governance and proactive risk management Charles Nerko, team leader for data security litigation in Barclay Damon LLP There is a misconception that as AI learns from data, it will be impossible for it to make mistakes.

AI

AI Regulations Best Practices Risk

The FCA’s latest ‘Dear CEO’ letter – Key priorities for payments firms

Neopay

FEBRUARY 5, 2025

This follows the previous letter from March 2023 and reaffirms the regulators focus on ensuring firms meet high standards in governance, financial integrity, and customer protection. Prudential risk management : Firms must meet capital requirements at all times and plan ahead for financial stability.

Fraud Prevention

Fraud Prevention Financial Crimes Compliance Payments

Navigating the Fintech Frontier: Essential Risk Metrics Every Fintech Leader Must Know

The Fintech Times

OCTOBER 18, 2024

Risk management is a necessity in fintech, as well as a legal obligation. However, the depth and quality of this management can become a significant competitive advantage. Governance risks are tied to the company’s ability to comply with relevant laws and regulations.

Risk

Risk FinTech Risk Management Cybersecurity

ServiceNow Lands AI Partnerships with Visa and EY

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services.

AI

AI Disputes Risk Management Risk Assessment

DORA Compliance Checklist: Essential Steps for Successful Implementation

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

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

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

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

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

Compliance Risk Management Third-Party Service Provider Audit

DORA Compliance Checklist: Essential Steps for Successful Implementation

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

Compliance Risk Management Third-Party Service Provider Audit

Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets

Fintech Review

MARCH 25, 2025

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. Transparency and risk management are critical to supporting institutional engagement in tokenized finance.”

Risk

Risk Assessments Risk Management Blockchain

From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. For payments firms, integrating tailored insurance at checkout or as part of transaction flows presents a new value proposition and customer engagement lever, but also demands new risk management capabilities.

Finance

Finance Payment APIs and Integration Non-Bank Embedded Finance

Tribe Payments Secures ISO 27001 Certification, Strengthening Information Security

Fintech Finance

SEPTEMBER 18, 2024

ISO 27001 certification demonstrates that Tribe has implemented robust information security and risk management systems to protect information confidentiality, integrity, and availability in today’s evolving cyber landscape.

ISOs

ISOs Security Payment Security Payment APIs and Integration

Richard Maloney to Lead UOB Thailand as CEO Starting July 2024

Fintech News

JUNE 10, 2024

Tan Choon Hin Maloney’s predecessor Tan Choon Hin , who has led UOB Thailand since 2016, will return to Singapore to assume a new role as Deputy Head of Group Governance, Risk and Compliance. Tan joined UOB in 2012 as Head of Group Credit (Retail) and became CEO of UOB Thailand in 2016.

Card Issuer

Card Issuer Government Governance Compliance

Buy-Side Firms Prioritise AI Integration and Data Optimisation, Survey Finds

The Fintech Times

JANUARY 20, 2025

According to the InvestOps report, Investment Management 2025 commissioned by financial technology company SimCorp , reveals that firms see AI as a tool to enhance investment analysis, risk management and client engagement.

AI

AI Audit Addressing Governance

Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

PYMNTS

NOVEMBER 12, 2020

Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules. Mastercard’s Vocalink’s clearing and settlement solution supports Payments Canada requirements, including ISO 20022 and the Bank of Canada’s risk management standards. “As

ISO 20022

ISO 20022 Real Time Payments Settlement ISOs

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime

Crime Fraud Prevention Risk Assessment Due Diligence

Experian partners with ValidMind to optimise model risk management

The Paypers

FEBRUARY 13, 2025

Experian , a global data and tech company, has partnered with ValidMind , a player in model risk management solutions, to improve how financial institutions manage regulatory compliance, operational risk, and model governance.

Risk Management

Risk Management Risk Regulatory Compliance Compliance

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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. Collaborate with third-party tools Utilize specialized risk management platforms to enhance underwriting capabilities.

Underwriting

Underwriting PCI DSS Money Laundering Processors

Mastercard Plans to Acquire Threat Intelligence Firm Recorded Future for US$2.65B

Fintech News

SEPTEMBER 16, 2024

Recorded Future specializes in real-time threat detection, using AI and data analysis to provide actionable insights to clients, including governments and Fortune 100 companies. Recorded Future’s AI-powered platform simplifies threat intelligence, improving risk management for clients. trillion by 2024.

Visa

Visa Acquirers Cybersecurity Fraud Prevention

Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

The Fintech Times

NOVEMBER 2, 2024

King Jigme Khesar Namgyel Wangchuck serves as the head of state, while Prime Minister Lotay Tshering leads the government. Despite its historical lag in technology adoption, recent years have seen significant government efforts to expand ICT and telecommunications infrastructure.

Financial Inclusion

Financial Inclusion Technology FinTech Credit Cards

OJK Plans to Raise P2P Funding Limit for Business Loans

Fintech News

JULY 21, 2024

Key improvements to the regulations include enhanced institutional frameworks, risk management, governance, and consumer protection, with a focus on bolstering support for the productive sector.

P2P

P2P Caps Consumer Protection Risk Management

Medius Successfully Achieves Continued ISO Certification and Expands Scope to Global Offices

Fintech Finance

MARCH 28, 2025

Meanwhile, ISO 27001 establishes the leading standard for information security management, helping businesses safeguard against evolving cyber threats while maintaining compliance with industry regulations.

ISOs

ISOs Continuity Best Practices Compliance

Lynx launches AI-powered AML screening solution to combat evolving financial crime risks

The Payments Association

MARCH 5, 2025

trillionregulators continue to strengthen AML requirements in response to evolving financial crime risks, urging financial institutions to reinforce their risk management frameworks and adopt effective compliance measures.

Financial Crimes

Financial Crimes AML Crime Risk

How AI Improves Enterprise Risk Management (ERM)

Mckinsey: Generative AI to Transform Risk Management in The Next 5 Years

Ecommpay Responds to Confirmation That the UK Government is Abolishing the Payment Systems Regulator

Webinars

Citi Fined $400M Over Faulty Risk Management Systems

Fundiin Teams up With Visa to Enhance Credit-scoring Model

SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

Tackling Fraud and Compliance Burdens: CFIT Publishes Digital Company ID Blueprint

The FRC’s Corporate Governance Review: What You Need to Know

Ncontracts Acquires Third Party Risk Management Company Venminder

Citi fined $136m for lack of progress on fixing risk management flaws

Top regulatory priorities for the payments sector

Will Singapore Realise Its Tokenisation Dreams?

Creditinfo Launches KYC Fraud Solution to Combat $5trillion Global Financial Crime Problem

Citi COO relieved of responsibility for data overhaul following $136 million fine

Experian and ValidMind partner on model risk management

Burges Salmon names new Financial Services sector head

How e-Wallets in APAC Are Leading the Cashless Charge

Top Stories That Shaped Indonesia’s Fintech Scene in 2024

Gun policy's a job for government, not banks

The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

Citi COO shares responsibility for data overhaul following $136 million fine

The Full List of Fintech Unicorns in Asia (2025)

As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The FCA’s latest ‘Dear CEO’ letter – Key priorities for payments firms

Navigating the Fintech Frontier: Essential Risk Metrics Every Fintech Leader Must Know

ServiceNow Lands AI Partnerships with Visa and EY

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

DORA Compliance Checklist: Essential Steps for Successful Implementation

Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets

From open banking to open finance and beyond: The future of financial data-sharing

Tribe Payments Secures ISO 27001 Certification, Strengthening Information Security

Richard Maloney to Lead UOB Thailand as CEO Starting July 2024

Buy-Side Firms Prioritise AI Integration and Data Optimisation, Survey Finds

Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

Experian partners with ValidMind to optimise model risk management

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Mastercard Plans to Acquire Threat Intelligence Firm Recorded Future for US$2.65B

Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

OJK Plans to Raise P2P Funding Limit for Business Loans

Medius Successfully Achieves Continued ISO Certification and Expands Scope to Global Offices

Lynx launches AI-powered AML screening solution to combat evolving financial crime risks

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