Bank Automation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Cybersecurity 132

Cybersecurity AI Mitigation Risk 132

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 152

Compliance Third-Party Service Provider Risk Assessment Audit 152

VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. This is an investment that can help mitigate risks and lay the foundation stone for sustainable growth and success in the digital economy.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

The Paypers

SEPTEMBER 20, 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).

Mitigation 72

Mitigation Phishing Verification Authorization 72

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 113

Third Party Vendors Cybersecurity Mitigation Encryption 113

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Common Cyber Risks in Video Communication Video communication offers numerous benefits.

Risk 275

Risk Ransomware Phishing MFA 275

Fintech News

MAY 29, 2024

This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 111

Money Laundering Crime Risk Law Enforcement 111

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Payments Dive

DECEMBER 14, 2023

“I want that shoe to drop so we can start mitigating that issue,” Bread CEO Ralph Andretta said last week, as the industry awaits the CFPB’s final rule.

Caps 109

Caps CFPB Mitigation Rules 109

Fintech News

DECEMBER 4, 2023

The Network for Greening the Financial System (NGFS) released a new technical document , focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation.

Finance 110

Finance Mitigation Central Bank Authorization 110

Fintech News

APRIL 10, 2024

The document meticulously compares the regulatory frameworks from 11 authorities within these jurisdictions, highlighting the proactive measures being taken to mitigate the various risks associated with the issuance of stablecoins, especially those tethered to a single fiat currency.

Stablecoins 125

Stablecoins Regulations Risk Mitigation Digital Currency 125

VISTA InfoSec

FEBRUARY 25, 2024

Don’t wait to implement best practices that mitigate risks substantially: Keep All Systems Updated Run the latest software versions across networks/servers and endpoint devices while establishing processes for rapid updates whenever new patches are released.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

Fintech Finance

JUNE 21, 2024

Using a specialist payments provider overcomes these operational challenges and mitigates client money risks, enabling legal teams to focus on delivery of their legal services. At KPMG Law, we choose technology suppliers that create efficiency, mitigate risk and uphold rigorous standards for regulation and security.

Laws 98

Laws Legal Mitigation Payments 98

Finextra

OCTOBER 17, 2024

Banking regulators have put the financial indsutry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

Mitigation 87

Mitigation Regulations Risk 87

Open Banking Excellence

SEPTEMBER 25, 2024

Agenda Artificial Intelligence & Personalization Fintech Innovations & Strategies Cybersecurity & Risk Management Regulatory Environment & Compliance Topics We Cover Generative AI: Mitigating and Managing Ethical Risks AI in Modern Business Environments: Digital Banking & Trust The Rise of AI powered CX in Finance Generative AI (..)

Regulatory Compliance 130

Regulatory Compliance Fraud Prevention Cybersecurity AI 130

Fintech News

APRIL 28, 2024

Introduced in October 2022, the BNPL Code of Conduct aims to mitigate risks of consumer over-indebtedness and ensure fair practices within the sector. It includes several consumer protections, such as limits on outstanding payments, caps on fees, transparent disclosures, and ethical marketing standards.

BNPL 110

BNPL Compliance Accreditation Consumer Protection 110

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

VISTA InfoSec

JANUARY 18, 2024

These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches. Additional security measures are documented and put into effect that mitigate the risk of using insecure services, protocols, or daemons. With the impending retirement of PCI DSS v3.2.1

PCI DSS 288

PCI DSS Procedures Encryption Security 288

Fintech News

MARCH 6, 2024

We’re confident that together, we can help mitigate fraud in real-time, and safeguard Singapore and Singaporeans from further attacks.” We’re glad to have a like-minded partner like M1, who understands the need to join forces to combat this global problem at a national level.

Scams 106

Scams API Mitigation Phishing 106

VISTA InfoSec

FEBRUARY 13, 2024

Employees who are aware of the risks associated with cyber threats and the steps they can take to mitigate these risks form a solid first line of defence against bad actors in the digital sphere. By regularly conducting these tests, businesses can preemptively discover areas of exposure that cyber attackers could potentially exploit.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

VISTA InfoSec

OCTOBER 21, 2024

A decent level of personalization will give you more control over your funds and help mitigate damage from unauthorized transactions. The added anonymity provided by such wallets can help prevent phishing and other humancentric attacks that could compromise your funds or personal data.

Cryptocurrency 141

Cryptocurrency Multifactor Authentication MFA Compromise 141

Fintech News

MAY 13, 2024

The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM). In the realm of Financial Crime Mitigation, the technology enables quick analysis and categorization of financial crime alerts and other critical data.

AI 100

AI Financial Crimes Crime Mitigation 100

VISTA InfoSec

MAY 23, 2024

This guide addresses both preventive and mitigative actions. This command can delete all or some of the infrastructure defined in IaC. Below is a guide for how to use the destroy command to minimize the adverse impact of a cyber attack on infrastructure.

Compromise 286

Compromise Database Best Practices Shutdown 286

Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. What makes the Strategy-Risk model a robust tool is its iterative sequential approach.

FinTech 109

FinTech Mitigation Risk On-Demand 109

Finezza

JULY 19, 2024

When lenders choose a suitable loan origination software (LOS), it can significantly boost their operational efficiency, improve customer experience while mitigating security risks and providing a competitive edge.

Origination 83

Origination Mitigation Automation Risk 83

The Paypers

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

SWIFT 73

SWIFT AI Fraud Detection Mitigation 73

VISTA InfoSec

SEPTEMBER 26, 2023

Mitigation Efforts: The Board will consider the data fiduciary’s mitigation efforts, including their timeliness and effectiveness. Such breaches could lead to higher penalties. 4.Gain Gain or Loss Avoided as a Result of the Breach: If the data controller has profited from the breach or avoided a loss, it will influence the penalty.

Compliance 130

Compliance Breach Privacy Mitigation 130

Fintech News

DECEMBER 6, 2023

Proactively managing and mitigating risk is key to increasing revenue across the lifecycle, and this is achieved by determining the best upsell and cross-sell opportunities with targeted, personalised offers, using existing data for automated decisioning, and optimising strategies by combining various data sources with embedded AI.

APACS 117

APACS Risk RFP AI 117

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

Fintech News

MAY 22, 2024

Continuous monitoring of attempted transactions on compromised cards further mitigates fraud and enhances cybersecurity. As a result, Mastercard can alert banks more swiftly and accurately when a card is likely compromised, allowing for timely blocking and reissuance of cards.

Compromise 116

Compromise Visa AI Fraud Detection 116

Fintech News

APRIL 3, 2024

This collaborative effort aims to address and mitigate the structural inefficiencies prevalent in current cross-border payment processes.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Central Bank Federal Reserve 126

Fintech News

AUGUST 20, 2024

Dian highlighted that while digitalisation offers significant efficiency benefits, it also introduces challenges and risks that must be mitigated to ensure banking stability. “This requires a resilient banking system because it can affect the continuity of bank operations and businesses.

AI 114

AI Mitigation Assessments Risk 114

Fintech Finance

OCTOBER 7, 2024

The Supplier Stability in Operational Resilience Report highlights that over 32% of the organisations surveyed are unclear about who is responsible for mitigating the risks of supplier failure, service deterioration, and concentration risk for Software as a Service (SaaS) solutions. While 70.1%

Risk 101

Risk Regulatory Compliance Risk Management Mitigation 101

Fintech News

APRIL 22, 2024

Despite its operational achievements and strong sales, a source close to the company pointed out that Bambu faced significant challenges in operations and technology, which were only partially mitigated by hiring competent executives later in its journey. “We had some great clients.

Shutdown 114

Shutdown Advisors Mitigation Consulting 114

The Payments Association

DECEMBER 16, 2024

While external factors are harder to control, businesses can mitigate their impact through effective strategies. Streamlined processes and robust controls can mitigate these risks effectively. 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

Fintech News

JUNE 2, 2024

In Southeast Asia, GenZero has invested in AJA Climate Solutions, focusing on nature-based climate mitigation projects, and C-Quest Capital, which is deploying energy-efficient cookstoves to rural households. GenZero reported a revenue of US$8.59 million for fiscal year 2023, a significant increase from US$0.6 million from US$3.04

Mitigation 103

Mitigation FinTech Posting 103

Fintech News

OCTOBER 29, 2024

Regulated stablecoins like USDC act as a bridge between traditional fiat and digital currencies, offering a more stable medium that helps mitigate volatility and enable quick, traceable payments. By utilising USDC, Thunes aims to reduce capital costs and improve liquidity for its network participants.

Cross-Border Payments 108

Cross-Border Payments Cross-Border Stablecoins Facilitators 108