The Paypers

AUGUST 13, 2024

Cockroach Labs and PwC UK have announced a partnership aimed at mitigating the risks, costs, and complexities associated with regulatory compliance and mainframe modernisation.

Regulatory Compliance 36

Regulatory Compliance Mitigation Compliance Risk 36

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

Fintech Finance

SEPTEMBER 24, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to the intended recipients. In particular, CBI’s VoP service, called Name Check, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

Payee 98

Payee Verification IBAN Regulatory Compliance 98

Fintech Finance

NOVEMBER 19, 2024

With this launch, we are equipping businesses with the essential tools they need to succeed, including simplified regulatory compliance, access to preferred local payment methods, and a gateway to an increasingly engaged consumer base. This mitigates the risks often associated with frontier markets.

Cross-Border Payments 96

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 96

The Fintech Times

AUGUST 10, 2024

The collaboration aims to validate Taishin Bank’s AI system – Taishin Brain – ensuring compliance with the Taiwan Financial Supervisory Commission’s (FSC) guidelines for the use of artificial intelligence in the financial industry.

Cybersecurity 117

Cybersecurity Compliance AI Privacy 117

Finovate

OCTOBER 14, 2024

The experts will delve into the transformative potential of AI, including Generative AI, in boosting overall productivity and maintaining regulatory compliance. Enhance operational efficiency: Discover how to leverage AI and automation to streamline operations, mitigate risks, and ensure compliance.

AI 52

AI Innovation Regulatory Compliance Compliance 52

Agile Payments

JANUARY 9, 2020

The Payment Facilitator is responsible for regulatory compliance and has financial risk of their sub-users. Becoming a true Payment Facilitator is expensive, time consuming and requires staffing to meet compliance and risk mitigation demands.

Facilitators 100

Facilitators Risk Mitigation Regulatory Compliance Debit Card 100

Fi911

FEBRUARY 29, 2024

The Importance of a VAR Sheet for Banks For banks, the VAR Sheet holds particular significance, offering a multitude of benefits: Risk Management: By detailing security measures and compliance protocols, the VAR sheet helps banks mitigate the risk of fraud and data breaches associated with payment processing.

VARS 73

VARS Payment APIs and Integration Regulatory Compliance Gateways 73

The Fintech Times

NOVEMBER 20, 2024

This mitigates the risks often associated with frontier markets. With this launch, we are equipping businesses with the essential tools they need to succeed, including simplified regulatory compliance, access to preferred local payment methods, and a gateway to an increasingly engaged consumer base.

Cross-Border Payments 67

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 67

The Fintech Times

AUGUST 13, 2024

PwC UK , the professional services leader, is joining forces with Cockroach Labs , a cloud-native SQL database provider for modern cloud applications, in a move to reduce the risks, costs, and complexity of regulatory compliance and mainframe modernisation.

Compliance 62

Compliance Risk Database Due Diligence 62

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates. Stolte , assistant vice president at Amica.

Risk 57

Risk AI Risk Assessment Assessments 57

VISTA InfoSec

FEBRUARY 13, 2024

In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework. 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

Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. These challenges include legacy systems, regulatory compliance, and cultural resistance to change.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Innovative Payments Association

AUGUST 29, 2024

This includes assessing the risk of money laundering, financial crime, and regulatory violations. By understanding these risks, businesses can develop appropriate controls to mitigate them. Develop Written Policies and Procedures Clear and comprehensive written policies and procedures are essential for a strong compliance program.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

FICO

FEBRUARY 15, 2021

Deciding to use FICO Siron solutions to mitigate risk coming from bribery and corruption. New Regulatory Requirements. Working with FICO and its partner Printec , Eurobank took this opportunity to establish more comprehensive KYC and AML processes as well as mitigate risks related with correspondent banking.

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

The Fintech Times

JANUARY 22, 2024

Abdulaziz Al Jouf, CEO and founder, PayTabs Group Commenting on the partnership, PayTabs Group CEO and founder, Abdulaziz Al Jouf said: “Through this partnership, PayTabs is taking a pivotal stride by leading in regulatory compliance while offering inventive payment solutions to our merchants and tailored orchestration services to enterprises.

Payment Initiation 62

Payment Initiation FinTech Payment APIs and Integration Regulatory Compliance 62

Fintech Finance

JANUARY 22, 2024

Fintech Galaxy, licensed by the Central Bank of Bahrain and certified by Saudi Payments, leverages its robust FINX platform for top-notch security, regulatory compliance, and user-friendly Open Banking capabilities. The platform is designed for exponential growth without breaking the bank on setup costs.

FinTech 78

FinTech Payment APIs and Integration Regulatory Compliance Gateways 78

Seon

JUNE 20, 2024

As industry players brace for implementing these regulations, the focus remains on balancing regulatory compliance with operational efficiency. With this maturation comes new challenges, particularly in regulatory compliance and licensing across various markets.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Fintech Review

OCTOBER 1, 2024

These protocols are integral to combating financial crime and ensure regulatory compliance. Real-time monitoring of customers and transactions is also crucial in mitigating risks and ensuring compliance. Digital tools streamline onboarding, cutting time and effort needed for regulatory compliance.

AML 98

AML Verification Research Consumer 98

The Fintech Times

SEPTEMBER 19, 2024

“This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. Risk orchestration provides a strategic approach that enables seamless compliance and fraud management for financial institutions.

Risk 57

Risk Financial Crimes AML Risk Management 57

Fintech Finance

MAY 21, 2024

With the growing instances of online fraud, it’s essential for banks and financial institutions to mitigate potential risks, offer more accurate identity verification processes, shorten onboarding times, and improve customer experience.” Two of the top 5 US national banks are Middesk customers.

UCC 52

UCC Payment APIs and Integration Due Diligence Verification 52

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Data Protection : Safeguards sensitive data, preventing legal and financial issues.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Finovate

NOVEMBER 6, 2024

. “In the race to realize their own crypto offerings, financial institutions require efficient trading and custody solutions without compromising on regulatory compliance,” Boerse Stuttgart Digital Chief Digital & Product Officer Ulli Spankowski said. Registered with the U.K.

Blockchain 64

Blockchain Cryptocurrency SWIFT Regulatory Compliance 64

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

AI 105

AI Innovation Financial Crimes Crime 105

Fintech Finance

DECEMBER 19, 2023

With the fusion of Neonomics’ technical acumen and Ping Payments customer-centric payment solutions, the companies aim to provide a payment ecosystem that’s not only larger in scope but also exemplary in its adherence to user experience, security, and regulatory compliance.

Verification 52

Verification Regulatory Compliance Compliance Payments 52

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Endnote In the face of evolving cyber threats like credential stuffing, creating and maintaining a GDPR-compliant password policy is essential for protecting personal data and ensuring regulatory compliance.

MFA 130

MFA Credential PCI DSS Compliance 130

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Compliance Legal Best Practices 130

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

Fintech Review

MARCH 27, 2024

By committing to these practices, companies can mitigate bias, promoting fairness and inclusivity in AI applications. RegTech will see growth as the demand for regulatory compliance increases. This will enable companies to efficiently meet any regulatory demands.

AI 99

AI On-Demand Finance Regulatory Compliance 99

Neopay

MARCH 22, 2024

The FCA also mentions how it’s enhanced use of data has also resulted in faster identification and mitigation of potential harms, evidenced by the removal of misleading adverts and warnings issued to unauthorised entities. The FCA highlights its flexibility in its efforts to keep the UK appealing for investment.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

Seon

SEPTEMBER 20, 2024

Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers. Regulatory compliance adds another layer of complexity. This technological arms race is driving a cultural shift within lending organizations, pushing them toward more nuanced anti-fraud strategies.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. Socure’s predictive machine learning models coupled with Trustly’s Open Banking authentication and data mitigate these emerging risks.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Neopay

JANUARY 15, 2024

Enhanced fraud controls: Prioritise strengthening your fraud controls to mitigate potential liabilities. Demonstrate anti-fraud controls: Before the regulations are in force, be prepared to demonstrate and evidence robust anti-fraud controls, especially for collections, to ensure compliance.

Regulations 52

Regulations Fraud Prevention Mitigation Regulatory Compliance 52

Neopay

AUGUST 5, 2024

This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. Furthermore, procedures for reporting safeguarding issues and understanding the legal and regulatory implications of non-compliance should be part of the training.

Compliance 52

Compliance Procedures Audit Risk Management 52

PYMNTS

SEPTEMBER 29, 2020

Jumio said it plans to integrate Beam’s AML screening and transaction monitoring services into its KYX platform to help flag financial crime and streamline regulatory compliance. The announcement comes on the heels of Jumio’s Sept. The financial terms of Jumio ’s acquisition of Beam’s AML platform were not disclosed.

Financial Crimes 61

Financial Crimes AML Crime Money Laundering 61

Seon

SEPTEMBER 23, 2024

Payment screening plays a critical role in helping financial institutions and regulated entities ensure that onboarded customers pass financial crime checks, ensuring ongoing regulatory compliance – helping entities meet AML obligations across various jurisdictions.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52