The Fintech Times

MAY 5, 2024

Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk. ” The post Resilience Launches New Cyber Risk Tools to Empower Clients to Improve Their Risk Mitigation appeared first on The Fintech Times. .

Risk Mitigation 68

Risk Mitigation Mitigation Risk Ransomware 68

The Finance Weekly

AUGUST 26, 2023

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

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 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Seon

APRIL 23, 2024

In an era where digital transitions are omnipresent, the menace of online fraud and money laundering is continuously escalating, necessitating advanced solutions that enable organizations to stay ahead and mitigate activities across diverse industries. How Does Fraud Risk Management Work?

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

The Fintech Times

MARCH 13, 2024

“Generative AI is not the first, and won’t be the last, disruptive technology to impact the cyber threat landscape, so it is critical that businesses improve their risk mitigation, security and defence technologies, as well as seek appropriate risk transfer today, more than ever before.”

Risk Mitigation 58

Risk Mitigation Mitigation AI Risk 58

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

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. Thus, due diligence in evaluating a company’s cybersecurity posture is crucial for an investor.

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks.

Mitigation 71

Mitigation Risk Underwriting Risk Assessment 71

PYMNTS

SEPTEMBER 25, 2018

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. The enhancement means third parties can more easily participate in a holistic risk mitigation strategy, Fusion noted.

Risk Management 73

Risk Management Risk Risk Mitigation Risk Assessment 73

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

PYMNTS

JANUARY 10, 2019

The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.

Risk Mitigation 74

Risk Mitigation Mitigation Risk Finance 74

Open Banking Excellence

SEPTEMBER 25, 2024

As banks adapt to these transformative forces, attendees gain insights into innovative strategies, regulatory compliance, and customer-centric approaches that will define the future of banking.

Regulatory Compliance 130

Regulatory Compliance Fraud Prevention Cybersecurity AI 130

PYMNTS

JULY 27, 2020

“More than ever, these businesses need real-time visibility into their spend, the ability to mitigate their supply chain risk and cautiously manage their cash flow,” she said in the release. “We’re

Risk Management 60

Risk Management Risk Mitigation Risk Assessment 60

Fintech Finance

OCTOBER 7, 2024

A new global report has revealed significant gaps in supplier management practices among financial institutions. ” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. While 70.1%

Risk 82

Risk Regulatory Compliance Risk Management Mitigation 82

Fintech Finance

SEPTEMBER 25, 2024

Through this partnership, Everton will be able to utilise Corpay Cross Border’s innovative solutions to help mitigate foreign exchange exposure from their day-to-day business needs. Additionally, Corpay Cross-Border’s award-winning platform will enable them to manage their global payments from a single point of access. “The

Cross-Border 98

Cross-Border Risk Management Mitigation Agreements 98

Fintech News

FEBRUARY 21, 2024

To mitigate these quantum-related cybersecurity risks, MAS advises financial institutions to develop crypto-agility—the ability to transition from vulnerable cryptographic algorithms to PQC efficiently without significantly impacting their IT systems and infrastructure.

Third Party Vendors 106

Third Party Vendors Cybersecurity Mitigation Encryption 106

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. Below, PYMNTS rounds up the latest funding news in the world of B2B.

Risk Mitigation 63

Risk Mitigation Mitigation Risk B2B 63

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 58

Risk Financial Crimes AML Risk Management 58

PYMNTS

JUNE 17, 2020

The solution will mitigate and reduce risk by verifying if information pertaining to suppliers is complete and correct. It will also leverage third-party data in order to streamline the process of checking for risks, so that businesses can approve new suppliers without having to leave the program.

Risk Management 56

Risk Management Risk Automation Audit 56

Fintech Finance

OCTOBER 3, 2024

Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending.

Fraud Prevention 94

Fraud Prevention Risk Management Credit Union Automation 94

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

PYMNTS

SEPTEMBER 3, 2020

Analysts Eye AR Automation To Mitigate Risk. In a recent press release , the consulting firm noted the value in enhancing AR strategies to mitigate the risk of a volatile market and to support consistent cash flow. A new report from Frost & Sullivan is shedding light on the value of AR automation.

Mitigation 78

Mitigation B2B Automation Consulting 78

The Finance Weekly

DECEMBER 9, 2021

Scenario planning is a method of strategic financial planning that enables finance leaders to mitigate risk and prepare for volatility. Equipped with these powerful insights, the c-suite can better mitigate risks and prepare for change through informed decision-making. What is Scenario Planning & Its Purpose?

Risk Management 52

Risk Management Risk Finance Mitigation 52

Fintech News

OCTOBER 8, 2024

The aim is to mitigate the risks associated with such businesses. The purpose of these requirements is to address the risks of money laundering and terrorism financing, to which DTSPs may be particularly exposed due to their cross-border operations.

Service Provider 81

Service Provider Due Diligence AML Money Laundering 81

Finextra

JUNE 20, 2024

The way forward is process automation and ensuring that technology can be used to mitigate fraud, financial crime, and risk management across the three lines of defence. Further, with new forms of AI emerging, operational resilience should also be considered, but must not get in the way of innovation.

Automation 52

Automation Process Financial Crimes Crime 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. ISO 27001 offers various risk management options.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

Fintech Finance

OCTOBER 28, 2024

Fraud Prevention and Compliance : Nium Verify ensures that account details match the registered account holder, mitigating fraud risks while meeting regulatory requirements in regions like the UK and EU. Verify ensures real-time verification of account details, reducing failure rates and preventing delays.

Verification 98

Verification Global Payments Accounts Cross-Border 98

FloQast

SEPTEMBER 18, 2024

Many organizations encounter common obstacles that can hinder progress, ranging from overwhelming administrative demands to fragmented systems that impede effective risk management. Foster a Culture of Proactivity : Shift from reactive to proactive risk management, preparing for potential challenges before they arise.

Compliance 96

Compliance Risk Risk Management On-Demand 96

Innovative Payments Association

SEPTEMBER 5, 2024

While these relationships can bring numerous benefits, they also come with inherent risks. To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

Fintech News

JUNE 5, 2024

Dr Thng stresses that managing the outsourcing life cycle is a crucial strategy for today’s FIs to enable them to align their operations with changing technologies and market demands. The first pertains to the need for strategic management with a focus on innovation. Each stage or node can be revisited to improve outsourcing outcomes.

FinTech 103

FinTech Mitigation Risk On-Demand 103

Finovate

OCTOBER 2, 2024

The new Digital Trading Storefront is built on FIS’s Cross-Asset Trading and Risk Platform. The new tool supports both buy-side and sell-side strategies while helping firms manage trading volumes and mitigate regulatory compliance risks. ” FIS was founded in 1968.

Regulatory Compliance 59

Regulatory Compliance Payment APIs and Integration Mitigation Risk 59

PYMNTS

JANUARY 13, 2020

INTL FCStone , a risk management and advisory service provider for players in the financial industry, announced a new acquisition to strengthen its small business foreign exchange and hedging offering. The company said in a press release Monday (Jan.

Mitigation 52

Mitigation Risk Correspondent Bank Correspondent 52

Finovate

FEBRUARY 1, 2024

The OCC said the California-based bank “engaged in unsafe or unsound practices,” stating that it failed to establish effective risk management and internal controls. Strengthen third-party risk management In the era of banking-as-a-service (BaaS), multiple aspects of banking leverage third parties, and for good reason.

OCC 59

OCC Office of the Comptroller of the Currency Risk Management Compliance 59

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 118

Cybersecurity Compliance AI Privacy 118

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 43

Risk Management Risk Treasury Email Compromise 43

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

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Head of Financial Crime Risk Management and BSA/AML Officer, with proven leadership and experience. balance sheet.

AML 94

AML BSA Money Laundering Financial Crimes 94