The Fintech Times

MAY 5, 2024

Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.

Risk Mitigation 68

Risk Mitigation Mitigation Risk Ransomware 68

The Payments Association

NOVEMBER 25, 2024

De-risking endangers financial inclusion, driving MSBs out and boosting unregulated markets, calling for urgent reform. As professionals deeply embedded in the payments industry, we are acutely aware of the delicate balance between risk management and financial inclusion.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Finance Weekly

AUGUST 26, 2023

, AI helps companies manage risks better, it's like a big shift. 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. This helps lenders proactively tackle credit risks.

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

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

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

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

The Fintech Times

MARCH 13, 2024

Lloyd’s , the insurance and reinsurance marketplace, has published a new report, revealing how the rapid evolution of generative artificial intelligence (AI) technology could impact the cyber risk landscape, requiring businesses to build greater resilience to these evolving threats. ” However, businesses cannot do this without support.

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

Cybersecurity 260

Cybersecurity Due Diligence Security Risk Management 260

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 88

Compliance Risk Risk Management On-Demand 88

Fintech Finance

OCTOBER 7, 2024

The Supplier Stability in Operational Resilience Report highlights that over 32% of the organisations surveyed are unclear about who is responsible for mitigating the risks of supplier failure, service deterioration, and concentration risk for Software as a Service (SaaS) solutions. While 70.1%

Risk 70

Risk Regulatory Compliance Risk Management Mitigation 70

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

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

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

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

JULY 27, 2020

Coupa , which works in business spend management, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.

Risk Management 60

Risk Management Risk Mitigation Risk Assessment 60

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

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

The Fintech Times

OCTOBER 31, 2024

Developed in collaboration with financial crime software company Themis , the WWF toolkit is an open-access platform that equips firms to better detect and monitor illicit activity related to land conversion and deforestation, by highlighting red flags and risks connected with different types of environmental and financial crimes.

Crime 58

Crime Risk Financial Crimes Due Diligence 58

PYMNTS

JUNE 17, 2020

Esker , which specializes in artificial intelligence (AI)-driven process automation software, has launched a new supplier management solution in its procure-to-pay automation suite, which will help businesses manage and automate their supply chains, according to a press release.

Risk Management 56

Risk Management Risk Automation Audit 56

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 Risk Management Deepfake 52

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. Sumsub’s own Identity Fraud Report 2024 indicates that crypto is a high-risk industry for fraud. said James Smith, Co-founder of Elliptic.

Crime 109

Crime Financial Crimes Travel Rule Blockchain 109

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 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

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

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. The post AU10TIX Aims to Reduce Operational Risk for Businesses With New AML Solution appeared first on The Fintech Times.

AML 63

AML Risk Payment APIs and Integration Money Laundering 63

Fintech News

FEBRUARY 21, 2024

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. FIs are also encouraged to explore other quantum security solutions, including QKD, as part of their risk management strategies.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

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

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 90

Cross-Border Risk Management Mitigation Agreements 90

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 88

Service Provider Due Diligence AML Money Laundering 88

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 79

Fraud Prevention Risk Management Credit Union Automation 79

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

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

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 58

Central Bank Risk AI Money Laundering 58

The Fintech Times

NOVEMBER 27, 2024

Full-cycle verification platform, Sumsub has enhanced its Crypto Transaction Monitoring and Travel Rule solutions following an integration with Elliptic , the cryptoasset risk manager. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Transactions 58

Transactions Financial Crimes Crime Blockchain 58

Paystand

NOVEMBER 21, 2024

What types of risks do issuing banks have? Risk Management: Issuing banks face key risks, including credit risk, transaction fraud, and account fraud, requiring advanced tools and systems to mitigate them. Table of Contents What is an issuing bank? How do I find my issuing bank?

Debit Transaction 40

Debit Transaction Debit Card Credit Risk Mitigation 40

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