Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses.

Risk Management 67

Risk Management Risk PCI DSS Process 67

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

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

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 67

Risk Mitigation Mitigation Risk Ransomware 67

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 96

Risk Regulatory Compliance Risk Management Mitigation 96

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 70

Mitigation Risk Underwriting Risk Assessment 70

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

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

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 91

Compliance Risk Risk Management On-Demand 91

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

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

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence , the compliance, risk management and fraud prevention solution provider, has launched two new products designed to enhance financial security and drive operational efficiencies across the globe.

Mitigation 57

Mitigation Risk Global Payments Deepfake 57

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

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 57

Risk Mitigation Mitigation AI Risk 57

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 107

Third Party Vendors Cybersecurity Mitigation Encryption 107

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

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

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

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.

Risk 70

Risk Security Risk Assessment Risk Management 70

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

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

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

PYMNTS

SEPTEMBER 15, 2020

In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. Diversifying Risk. Merchants didn’t realize how important it was to have a backup. All parties in the payment ecosystem.

Service Provider 119

Service Provider Payments Risk Acquirers 119

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

PYMNTS

OCTOBER 30, 2020

Exacerbated by the coronavirus crisis, supply chain risk is on the rise as more businesses struggle to remain viable in a volatile market. It's vital for businesses to understand where their risk blind spots are, however, and to strategically work with the business partners that can contribute to a more stable business ecosystem.

Risk 73

Risk Third Party Vendors Risk Management Risk Mitigation 73

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. The standard outsourcing life cycle methodology is quite generic.

FinTech 104

FinTech Mitigation Risk On-Demand 104

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

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management.

Embedded Finance 133

Embedded Finance AI Finance Assessments 133

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 97

Fraud Prevention Risk Management Credit Union Automation 97

PYMNTS

DECEMBER 5, 2018

The firm released its “Data Risk in the Third-Party Ecosystem” study last month, and found that 59 percent of more than 1,000 executives surveyed said they had experienced a data breach as a direct result of a cyberattack on a vendor or other third-party partner. But the cyber risk is new.”

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

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 57

Risk Financial Crimes AML Risk Management 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 98

Cross-Border Risk Management Mitigation Agreements 98

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

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 108

Crime Financial Crimes Travel Rule Blockchain 108

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 117

Cybersecurity Compliance AI Privacy 117

Fintech News

FEBRUARY 19, 2024

The firm’s AI-driven software offers a sophisticated tool for detecting financial discrepancies and potential fraud in corporate balance sheets by assigning a risk score ranging from 0 to 100. Margaret King “The changing face of fraud risk in an evolving digital landscape means that businesses have to be more vigilant now than ever.

Financial Crimes 104

Financial Crimes AI Crime Risk 104

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. Supplier financial risks have declined over time, too. Trade tensions between the U.S.

Risk 62

Risk Risk Mitigation Mitigation Cross-Border 62