Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

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 Acquirers Due Diligence 59

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

DECEMBER 5, 2018

Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. “They manage credit risk and liquidity risk, and more traditional third-party risk verticals,” he said.

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

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 89

Third Party Vendors Cybersecurity Mitigation Encryption 89

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

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

PYMNTS

SEPTEMBER 15, 2020

As Metodieva explained, taking the PSD2 model of consolidating those banking relationships can have a profound impact on merchants’ ability to diversify risk within the payments landscape, without adding extra friction to the process. Diversifying Risk.

Service Provider 119

Service Provider Payments Risk Acquirers 119

PYMNTS

JUNE 27, 2018

Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms. Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk.

Risk Mitigation 53

Risk Mitigation Mitigation Risk Management Cross-Border 53

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

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted. One is in assessing counterparty strength.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

PYMNTS

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

PYMNTS

MARCH 8, 2019

Insurance firm Zurich is introducing a new supply chain risk management service in conjunction with riskmethods, reports in Global Banking and Finance Review said Thursday (March 7). for example.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

The Payments Association

DECEMBER 16, 2024

Managing FX Risks in International Payments FX risks can arise from both external factors (e.g., 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.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

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

PYMNTS

DECEMBER 13, 2018

and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Trade tensions between the U.S.

Risk 62

Risk Risk Mitigation Mitigation Cross-Border 62

PYMNTS

MARCH 3, 2017

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. Most of the companies surveyed have mature FX risk mitigation solutions deployed in their enterprises, the research found. The bank said Thursday (Mar. The bank said Thursday (Mar.

Risk Mitigation 40

Risk Mitigation Risk Mitigation Treasury 40

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 80

Compliance Risk Risk Management On-Demand 80

PYMNTS

JANUARY 24, 2019

Automated risk management solutions can be helpful in theory. That’s the idea behind Dun & Bradstreet’s D&B Compass solution, launched this week to automate third-party risk management for procurement and compliance professionals.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

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 86

FinTech Mitigation Risk On-Demand 86

PYMNTS

OCTOBER 23, 2020

"That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Risk Focus In Flux. Pre-pandemic, cybersecurity risks among third-party partners like suppliers had been top priority. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

PYMNTS

JULY 24, 2020

Today, they’re managing this workload in a remote setting on top of a slew of other pressures facing organizations. So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Lackluster Risk Strategies. ” Combating Risk Through Technology. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

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 AFP 43

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

PYMNTS

OCTOBER 14, 2019

Many of the risks that companies face not only stem from these vendors further down the supply chain, but often aren’t recognized by corporations struggling to obtain visibility and connectivity to those suppliers beyond the first tier. ” Data Evolution. ”

Risk 53

Risk Risk Mitigation Innovation Mitigation 53

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 86

AML BSA Money Laundering Financial Crimes 86

PYMNTS

NOVEMBER 11, 2016

When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it. That’s quite a tall order, however.

Risk 68

Risk Risk Mitigation Mitigation Risk Assessment 68

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 72

VARS Payment APIs and Integration Regulatory Compliance Gateways 72

PYMNTS

JULY 23, 2019

Tokyo Shoko Research, a Japan -based commercial database, has signed an agreement with SAP Ariba in the latter’s effort to strengthen its supply chain risk mitigation offerings. million Japanese companies to augment its SAP Ariba Supplier Risk solution, the companies said in a press release Monday (July 22).

Risk 47

Risk Risk Mitigation Payment APIs and Integration Database 47

Fintech News

JULY 24, 2024

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. Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks.

Finance 98

Finance Risk Mitigation Automation AI 98

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Stay compliant with evolving regulations and adhere to fair lending practices, mitigating regulatory risks.

BNPL 77

BNPL Payments Mitigation Best Practices 77

PYMNTS

APRIL 27, 2016

More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

PYMNTS

JUNE 25, 2020

Mitigating Risk. Planning for the future within an organization means mitigating risks that may or may not come to fruition. Third-party risk management will emerge as an essential component of business resiliency for corporate treasurers, said Barker.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

PYMNTS

SEPTEMBER 11, 2018

According to Jay Wissema, director of business development at cross-border payment solutions provider Volopa, recent events in the global markets have heightened awareness of the importance of foreign exchange volatility risk mitigation. Part of SMBs efforts’ to address a volatile market should be FX risk mitigation.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Mitigation 40

PYMNTS

OCTOBER 30, 2020

It's one of the biggest blind spots in supply chain risk management, said Allis. It gives a wealth of intelligence, where now you can say, 'in this one facility that needs to continue running, I'm dependent on one main vendor that's got a very high risk score. I need to be proactive there,'" said Allis.

Risk 73

Risk Third Party Vendors Risk Management Risk Mitigation 73

PYMNTS

SEPTEMBER 29, 2017

Managing Risk. One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks.

Treasury 56

Treasury Addressing Treasury Management FinTech 56