The Fintech Times

AUGUST 10, 2024

Taishin Bank has partnered with OneDegree Global , a cybersecurity and risk management solutions company, to test and validate its artificial intelligence system, positioning itself as the first in Taiwan’s financial sector to establish a responsible AI framework.

Cybersecurity 119

Cybersecurity Compliance AI Privacy 119

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. Real-Time Monitoring and Prevention IoT devices enable real-time monitoring of insured assets, allowing for proactive risk management.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

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

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

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers. Regulatory compliance adds another layer of complexity.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 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

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. The post Enhancing compliance through safeguarding training appeared first on Neopay.

Compliance 52

Compliance Procedures Audit Risk Management 52

FloQast

JANUARY 2, 2024

Businesses that navigate the ever-changing risk management landscape are the ones that will be most likely to succeed. PWC’s 2022 Global Risk Survey reveals that organizations embracing risk management as a strategic organizational capability are twice as likely to expect revenue growth of 11% or more in the following year.

Risk Management 52

Risk Management ISOs Risk Mitigation 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. NESA compliance: Standards set by the National Electronic Security Authority in the UAE. CCPA compliance: California Consumer Privacy Act, focusing on consumer rights and data protection.

MFA 130

MFA Credential PCI DSS Compliance 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 Finance

JANUARY 30, 2024

“In developing the Fraud & Error Prevention Suite, AccessPay’s aim was to help businesses take a proactive approach to fraud and risk management,” states Anish Kapoor, CEO of AccessPay.

Payee 52

Payee Money Laundering Non-Bank Checks 52

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Through a robust risk management framework and stringent security rules, NACHA strengthens trust in the digital payment ecosystem. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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 97

AI Innovation Financial Crimes Crime 97

Nanonets

APRIL 29, 2024

Regulatory Compliance : Compliance with regulatory standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) is non-negotiable for businesses. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

Finovate

APRIL 10, 2024

Banks need to ensure that their partners comply with data protection regulations and stay up-to-date on regulatory changes. To verify ongoing compliance, banks need to implement vendor management practices to oversee the compliance efforts of their BaaS providers and mitigate risks on both sides.

Due Diligence 52

Due Diligence Privacy Compliance FDIC 52

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Regulatory Compliance : Ensures ongoing compliance with global standards and simplifies regulatory reporting with automated report generation.

Instant Payments 72

Instant Payments Transactions Payment APIs and Integration Compliance 72

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. Lastly, AI's predictive capabilities extend to risk management.

AI 102

AI Process Fraud Detection Compliance 102

Neopay

MARCH 7, 2024

With our expertise in regulatory compliance and risk management, we offer tailored solutions to address the specific challenges faced by financial institutions.

AML 52

AML Financial Crimes Crime Risk Assessment 52

M2P Fintech

JULY 28, 2023

Key Ancillary System Integrations Our ability to seamlessly stitch in loyalty programs, personal finance, fraud and risk management , reconciliation , core banking , and KYC modules with the debit card management solution sets us apart from our peers.

Debit Card 52

Debit Card Payment APIs and Integration Reconciliation Fraud Detection 52

EBizCharge

SEPTEMBER 17, 2024

Financial institutions set these limits to mitigate risk and ensure regulatory compliance. Banks also assess their own risk when setting transfer limits, considering factors like potential for fraud, operational capacity, and customer service considerations. How does fraud protection affect ACH transfer limits?

ACH 52

ACH Same Day ACH Electronic Funds Transfer (EFT) Direct Deposit 52

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

Fintech News

JULY 24, 2024

This involves technological considerations, business alignment, and regulatory compliance. As new systems and technologies are constantly added to the IT landscape, the risk of building what Huawei terms a “heavy architecture” is becoming increasingly difficult to manage over time.

Finance 105

Finance Risk Mitigation Automation AI 105

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Infrastructure.

Risk 70

Risk Security Risk Assessment Risk Management 70

Neopay

FEBRUARY 12, 2024

Neopay’s Integrated Managed Service sets itself apart through a unique integration of leading FinTech expertise, offering a comprehensive solution that combines modules for risk management, compliance, customer service, financial reporting, and open banking.

FinTech 52

FinTech Compliance Reconciliation Risk Management 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. Firms should follow best practices, such as enhanced due diligence, to mitigate risks associated with third-party providers.” What’s next?

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. Banks must proactively plan and adapt to mitigate these risks effectively. However, in 2024, there’s a shift towards a more creative approach to cost reduction.

AI 101

AI Risk Non-Bank On-Demand 101

PYMNTS

JANUARY 24, 2019

By fostering cooperation between procurement and compliance to streamline collection of this data, both functions of the enterprise can become significantly more efficient. Automated risk management solutions can be helpful in theory. That’s only if analysis of that data can be done correctly, however.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Nanonets

FEBRUARY 12, 2024

Bias Mitigation One of the longstanding challenges in credit scoring has been the inadvertent perpetuation of biases, often rooted in historical data. 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.

AI 52

AI Fraud Detection Regulatory Compliance Automation 52

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

FICO

APRIL 7, 2020

What does fraud risk mitigation look like in an increasingly digital world? However, it’s critical that we also take the time to reflect on the longer-term changes that will impact our mission to stop fraud and financial crime. Will the shift to online and mobile payment channels be a permanent boost?

Risk Mitigation 52

Risk Mitigation Best Practices Financial Crimes Scams 52

FloQast

MAY 13, 2024

Regulatory Compliance Shifting regulatory standards have always shaped the accounting industry, and that trend will continue into the foreseeable future. New legislation, IRS guidance, and auditing standards will address blockchain technology, artificial intelligence, data privacy, cybersecurity, and other emerging issues.

Accounts 52

Accounts Technology Cybersecurity Audit 52

Nanonets

MARCH 13, 2024

By automating data extraction from invoices, OCR software significantly reduces the burden of manual data entry, mitigating errors and optimizing resource utilization. Utilities : Utility companies receive invoices for energy, water, waste management, and maintenance services. Is there any Free OCR for Invoices?

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

PYMNTS

MAY 29, 2019

“Clarification and harmonization of regulation are fundamental to mitigating the serious threat that de-risking poses to the financial system,” ICC Director of Finance for Development Olivier Paul said in a statement.

Regulations 43

Regulations Finance Correspondent Bank Correspondent 43

EBizCharge

NOVEMBER 12, 2024

High fraud risk necessitates more comprehensive security measures to combat threats effectively. Regulatory compliance Compliance with industry-specific regulations is mandatory for all businesses seeking to process electronic payments.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. Evaluating potential suppliers through a rigorous qualification process can help mitigate risks and ensure that they align with the business objectives and values.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

The Fintech Times

DECEMBER 7, 2023

Richard Jones , head of investment risk analysis and senior expert risk manager at AXA Investment Managers , kicked things off on the ‘Digital Innovation & Gen AI’ stage, as he welcomed three panellists to discuss how generative AI can be embedded into financial institutions to provide optimal operational support. .”

FinTech 59

FinTech AI CBDC Risk 59

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. M2P’s Credit Card Management System is India’s only complete credit card stack offering fast, scalable, and customizable credit card capabilities.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52