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 108

FinTech Mitigation Risk On-Demand 108

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. Here are some key insights.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

PYMNTS

JANUARY 24, 2019

Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

PYMNTS

JULY 23, 2019

Tokyo Shoko Research, a Japan -based commercial database, has signed an agreement with SAP Ariba in the latter’s effort to strengthen its supply chain risk mitigation offerings. million Japanese companies to augment its SAP Ariba Supplier Risk solution, the companies said in a press release Monday (July 22).

Risk 47

Risk Risk Mitigation Payment APIs and Integration Database 47

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis.

Risk 59

Risk Financial Crimes AML Risk Management 59

The Payments Association

DECEMBER 16, 2024

For instance, a government may impose capital controls that limit the movement of foreign currency, disrupting payment schedules. Best Practices for Managing FX Risks Diversification Strategies Diversifying your currency portfolio is an effective risk mitigation approach.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

PYMNTS

APRIL 27, 2016

“Sources of hidden FX exposures range from internal functions, such as treasury, trading and technology, to external forces, such as currency volatility or government-imposed cash restrictions,” Deloitte stated. Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

PYMNTS

NOVEMBER 6, 2018

The tool interconnects Shell’s central treasury office to its 718 operating units to manage foreign exchange (FX) risk and volatility with its more than 200 bank partners. “Now, we can more efficiently route market requests from regional centers around the world to our central treasury.

Treasury 53

Treasury Treasury Management Risk Mitigation Blockchain 53

Neopay

JUNE 27, 2024

Understanding the Regulatory Landscape To successfully obtain FCA authorisation, it is essential to have a comprehensive understanding of the regulatory landscape governing the payments industry and how it applies to your proposed business model. Below we have given a brief overview of what is needed to gain authorisation from the FCA.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Center for Payments

FEBRUARY 14, 2023

APRPs have mastered the complexities of risk management for ACH, check, wire, debit, credit and prepaid cards, and emerging and alternative payments. This is particularly important as financial institutions face institutional check knowledge loss from retirements that could impede their ability to combat check risk and fraud.

Professional Development 40

Professional Development APRP AAP NCP 40

Segpay

DECEMBER 11, 2023

The Swiss government has drafted a clear and supportive regulatory framework for the CBD industry. Risk Mitigation CBD is considered a high-risk industry by many traditional payment processors. They emphasize the organic and natural origin of their ingredients.

Processors 52

Processors Product Cross-Border Payments Risk 52

Nanonets

MARCH 12, 2024

Risk Mitigation: Compliance Risk: Reduces the likelihood of non-compliance with industry and geographical financial reporting standards. Financial Risk: Minimizes errors in financial reporting, thereby avoiding potential fines, legal consequences, and reputational damage.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

FEBRUARY 12, 2024

Risk Management and Fraud Detection Predictive Analytics for Risk Mitigation At the heart of AI's impact on risk management lies its ability to predict and preempt potential pitfalls. The rapid evolution of AI technology often outpaces the formulation of regulatory frameworks.

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

EBizCharge

APRIL 29, 2024

Understanding the nuances of each factoring type is crucial for businesses when selecting the factoring service that meets their unique cash flow and risk management requirements. Maturity factoring often suits companies that want to stabilize their cash flow but handle their customer payment terms and collections to an extent.

Accounts 52

Accounts Credit Risk Non-Bank B2G 52

Nanonets

MARCH 13, 2024

OCR assists in managing these invoices efficiently, optimizing supply chain operations, and reducing overhead costs. Government and Public Sector : Government agencies and public institutions receive invoices for procurement, utilities, infrastructure projects, and administrative services. Is there any Free OCR for Invoices?

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

FloQast

DECEMBER 13, 2023

There was a fundamental need to investigate the root causes of these financial scandals to restore investor confidence and enhance corporate governance by holding senior executives accountable for accurate financial reporting. These corporate failures could undermine public confidence in the financial markets.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

FICO

MAY 22, 2017

ESS enumerates many categories of known vulnerabilities, and associates them with corresponding risks through scores and reason codes. The order requires agencies to adopt the NIST framework, and report accepted risks as well as risk mitigation plans in the context of the NIST framework.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

Fintech News

FEBRUARY 11, 2025

The Act mandates that high-risk AI systems must adhere to transparency obligations, undergo rigorous human oversight, and implement risk mitigation measures. This includes intellectual property, data privacy, and financial services, ensuring a holistic approach to AI governance. Recent efforts by the U.S.

AI 118

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 118