The Payments Association

AUGUST 30, 2024

The UK Finance Annual Mortgage Conference highlighted the need for ethical AI use and innovative solutions to address challenges in the evolving housing market. Read more

Mitigation 88

Mitigation Finance Risk Consumer 88

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Payment APIs and Integration 88

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants.

Business Continuity 114

Business Continuity Mitigation Risk Continuity 114

Finextra

MAY 7, 2024

Business KYC plays a crucial role in fraud mitigation in the business world. However, KYC regulation.

Risk Mitigation 52

Risk Mitigation Mitigation Verification Risk 52

VISTA InfoSec

OCTOBER 25, 2023

Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Fintech Review

OCTOBER 16, 2024

While the potential returns are attractive, the risks involved can be significant. At Fintech Review we explore yield farming and liquidity mining, analysing the rewards and inherent risks associated with these strategies. One of the biggest risks is smart contract vulnerabilities. Market volatility is another critical risk.

Assessments 91

Assessments Risk Returns Audit 91

The Paypers

OCTOBER 4, 2024

UK-based fintech Sonovate has announced that it entered into a strategic agreement with Alloy to implement the latter’s identity risk solution to mitigate fraud while its operations expand.

Mitigation 36

Mitigation Agreements Risk FinTech 36

Fintech News

JULY 1, 2024

Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The country also collaborates with the private sector and academic institutions to enhance its understanding of these risks.

Risk Assessment 112

Risk Assessment Assessments Risk Finance 112

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Banks and cross-border payment service providers are especially at risk of being exploited for laundering proceeds from these crimes due to their transnational operations.

Money Laundering 108

Money Laundering Crime Risk Law Enforcement 108

PYMNTS

OCTOBER 23, 2020

And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. CEO Carl Hartmann, was founded amid the pandemic as supply chain risks skyrocketed.

Risk Mitigation 63

Risk Mitigation Mitigation Risk B2B 63

FloQast

SEPTEMBER 18, 2024

The Strategic Shift: From Compliance to Risk Orchestration FloQast’s survey uncovered a pretty notable opportunity in the compliance landscape. While a significant 47% of compliance professionals are focused on reducing administrative demands, only 16% are exploring strategic risk orchestration. You know what’s the best defense?

Compliance 82

Compliance Risk Risk Management On-Demand 82

Finextra

APRIL 29, 2024

Why are banks struggling to keep up with the digitalisation required to mitigate financial crime?

Financial Crimes 52

Financial Crimes Mitigation Crime Compliance 52

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 106

Money Laundering Risk Crime Law Enforcement 106

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 59

Risk Management Risk Due Diligence Acquirers 59

Fintech News

DECEMBER 6, 2023

Discussions about risk decisioning platforms often center around onboarding and loan origination. Eliminating siloed systems and easily sharing intelligence enables more accurate and faster decisions, reducing risks, and maximising growth. However, investing at the start of the journey is just one aspect of the puzzle.

APACS 112

APACS Risk RFP AI 112

BNG Payments

JANUARY 7, 2022

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. Follow the practices below to minimize the risk of disputes when making card-present transactions.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

The Paypers

SEPTEMBER 10, 2024

AI-enabled global payments network and shopping assistant Klarna has been criticised by the Swedish Financial Supervisory Authority for not advancing its money laundering prevention procedures.

Money Laundering 41

Money Laundering Mitigation Procedures Risk 41

Open Banking Excellence

AUGUST 23, 2023

How can businesses unlock the productivity gains of AI whilst mitigating the risk of ‘hallucinations’ and solving challenges around toxicity, privacy, bias, and data governance, asks Paul O’Sullivan, SVP Solution Engineering at Salesforce? Our approach is totally unique and reduces the risk of potentially dangerous errors.

AI 130

AI Risk Online and Mobile Banking CRM 130

The Fintech Times

JULY 31, 2024

ZestyAI , a climate and property risk analytics solutions provider, is expanding its existing partnership with Amica Mutual Insurance , enabling the insurance firm to leverage ZestyAI’s full property and climate risk analytics platform. Stolte , assistant vice president at Amica. “Amica earned the top spot in the J.D.

Risk 59

Risk AI Risk Assessment Assessments 59

Segpay

FEBRUARY 23, 2024

However, fraud mitigation in payment processing is a team sport. Educating employees and customers about potential fraud risks and prevention measures contributes to a more informed and vigilant community. The post Mitigating Fraud in Payment Processing appeared first on Segpay.

Mitigation 52

Mitigation Process Payments Compromise 52

PYMNTS

APRIL 10, 2020

“In times of uncertainty, it’s important that we help our clients mitigate risk by offering flexibility, redundancy and resilience,” Ryan Frere, executive vice president, global payments at Flywire , told PYMNTS. Our global footprint, operations and business continuity plans mitigate any potential disruptions to the flow of monies.

Mitigation 60

Mitigation Continuity Risk Payer 60

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the financial system.

Authorization 108

Authorization Risk Assessments Central Bank 108

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 86

Mitigation Regulations Risk 86

The Fintech Times

AUGUST 17, 2024

Global data and technology company, Experian has acquired NeuroID , the behavioural analytics firm, to expand its fraud risk suite. The post Experian Expands Fraud Risk Suite With NeuroID Acquistion appeared first on The Fintech Times.

Risk 59

Risk Fraud Detection Bots Identity Theft 59

Finextra

APRIL 16, 2024

Watch this webinar on the intersection of document digitisation, anti-money laundering, compliance and fraud across the trade finance space.

Financial Crimes 52

Financial Crimes Compliance Mitigation Money Laundering 52

PYMNTS

OCTOBER 29, 2020

The threat of one vendor going under isn't the only type of financial risk in the supply chain today, however. And according to Eric Evans , managing director of Business Development at RapidRatings , financial risk often bleeds over into other areas of the enterprise, compounding risk exposure for B2B partners.

Risk 57

Risk Mitigation Assessments Shutdown 57

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

Clearly Payments

JULY 16, 2024

This article covers the fraud risks and statistics associated with different industries, exploring the factors contributing to these risks and offering strategies to reduce fraud. Fraud rates are extremely difficult to get 100% accurate, however they provide an overview of the fraud activity and risk in an industry.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

The Fintech Times

JUNE 20, 2024

So what can firms do to better mitigate this risk? However, data breaches constitute only one facet of the risks confronting firms. Mitigating security gaps Despite tightening regulations, financial firms still encounter multiple cybersecurity blind spots.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

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.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Fraud.net

NOVEMBER 20, 2023

Transaction monitoring has evolved from a rules-based approach to an effective way to mitigate the risks of money-laundering and fraud.

Risk Management 52

Risk Management Money Laundering Transactions Risk 52

Fi911

FEBRUARY 14, 2024

Merchant accounts, while essential for facilitating electronic transactions, inherently carry a level of risk. To mitigate this risk, banks may mandate the establishment of a merchant account reserve, which involves setting aside a predetermined portion of a merchant’s revenue. Why Do Acquirers Mandate Account Reserves?

Risk Management 89

Risk Management Risk Accounts Processors 89

Finextra

JUNE 9, 2023

Speaking at TCF 2023, Adam Gable, Product Director Financial Crime, Treasury & Risk, Temenos, and Hani Hagras, Chief Science Officer, Temenos, discuss what the spread of instant payments means for financial crime mitigation and how AI and automation can help prevent fraud and maintain compliance.

Financial Crimes 40

Financial Crimes Mitigation Instant Payments Crime 40

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. For investors, companies with a solid cybersecurity framework may be lower-risk investments.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

The Paypers

MARCH 6, 2023

B2B financial marketplace Fiserv has introduced fraud mitigation solution that augments omnichannel risk management for large enterprises.

Mitigation 36

Mitigation Risk Management B2B Risk 36

The Fintech Times

JUNE 26, 2024

For instance, machine learning models excel in processing vast amounts of data, enabling more accurate credit assessments and risk evaluations. However, with these benefits come new risks. The BIS highlights the need for robust cybersecurity measures and vigilant risk management practices to mitigate these threats.

Central Bank 59

Central Bank Risk AI Money Laundering 59