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

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Hot sites: Have facilities for immediate takeover post-disaster.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. And finally, remember your risk assessment is fundamental. No problem.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Misra , who sits at the forefront of this arena, is a pioneer in using LLMs to do the heavy lifting when it comes to compliance. Misra : The traditional methods of regulatory compliance work for traditional regulations.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

Neopay

MARCH 4, 2024

How Neopay can help By partnering with Neopay, firms can access comprehensive compliance solutions tailored to their specific needs, helping them navigate regulatory requirements, mitigate risks, and uphold the highest standards of integrity and professionalism.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. Deepfakes, synthetic identities and account takeover fraud are growing threats that require advanced identity proofing and risk assessment.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Fintech News

APRIL 16, 2024

The report notes that several institutions have already started exploring the use of gen AI in risk management, citing regulatory compliance, financial crime, credit risk, modeling and data analytics, cyber risk and climate risk as emerging use cases.

Risk Management 103

Risk Management AI Risk Use Case 103

FICO

JANUARY 4, 2018

As artificial intelligence applications exploded last year, our blog posts on AI and machine learning drew thousands of readers. Indeed, taken together, they explored many aspects of Explainable AI and its applications, particularly in the area of credit risk. Read the full post. Read the full post. Read the full post.

Posting 55

Posting AI Credit Risk Risk 55

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. ” The post 2024 Fraud Predictions With Confide, SEON, Fenergo, SAS, ComplyAdvantage appeared first on The Fintech Times.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Fintech Review

JANUARY 24, 2024

Innovative strategies like peer-to-peer platforms and AI for risk assessment are revolutionizing the market, offering tailored loans and faster approvals, thereby boosting customer satisfaction. The post Are banks good at lending? appeared first on Fintech Review.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

The Fintech Times

SEPTEMBER 14, 2024

She explains while AI can streamline compliance processes and save compliance teams time to spend elsewhere, firms need to be careful about how they implement it. “This improves customer due diligence by concurrently cross-referencing many databases to verify identities with potential clients and any risks associated with them.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

Tearsheet

JULY 1, 2024

First and foremost, your security must exceed industry compliance standards. Start with a risk assessment. Keep an eye on your systems to spot potential risks and anomalies early. Stand your post. The post Gen Z is leading adoption of new payments. It’s not good enough to just meet the standard.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Seon

SEPTEMBER 20, 2023

Carry out an initial risk assessment to determine if there are any reasons to question the person’s legitimacy. This allows the organization to determine the individual’s risk level to inform future due diligence procedures, such as anti-money laundering (AML) or fraud prevention regulations.

Process 52

Process Due Diligence AML Verification 52

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. KYT is a staple part of both AML and CTF compliance because scrutinizing financial activity is a core way to prevent money laundering and terrorist financing. It achieves this through transaction and behavior monitoring, risk assessment, and alert generation.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Segpay

DECEMBER 7, 2023

In that case, you need to be aware of the implications of the DSA and how to ensure compliance with its requirements. In this post, we will explain what is digital law , what it means for your business, and how Segpay can help you manage your online payments securely and efficiently. What is the EU Digital Services Act?

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. One promising application is in ‘nowcasting’ – using real-time data to assess current economic conditions.

Central Bank 88

Central Bank AI Correspondent Bank Correspondent 88

The Fintech Times

MAY 14, 2024

AI & ML Artificial intelligence (AI) and machine learning (ML) are revolutionising various aspects of fintech, from risk assessment and fraud detection to customer service and personalization. Regulation and compliance Fintech companies continue to grapple with evolving regulatory frameworks globally.

Compliance 64

Compliance Privacy FinTech Innovation 64

The Fintech Times

MARCH 18, 2024

These tools also enable businesses to tailor their fraud prevention measures, allowing for the integration of industry-specific rules and parameters that align with their unique risk profiles. The post AI-native Vital for $67Billion Payment Fraud Prevention Market appeared first on The Fintech Times.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

FICO

MARCH 24, 2021

These include: Post-pandemic shift to a new world order with associated changes to the relative importance of different currencies. Here are some quick tips to keep you focused on your priorities: Review Risk Assessments and adjust internal controls as needed. Maintain a strong Tone at the Top (“Culture of Compliance”).

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

The Fintech Times

DECEMBER 14, 2023

Take, as a few examples, the way AI is now used for risk-assessment purposes, analysing large amounts of data, and assessing creditworthiness quickly and effectively. This goes hand-in-hand with regulatory compliance, with agencies better able to interpret and enforce complex financial regulations with the use of tech tools.

FinTech 69

FinTech Innovation Assessments Economy 69

FICO

MARCH 17, 2021

Department of Treasury report entitled the 2018 National Money Laundering Risk Assessment , identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Efforts to Combat Trade-Based Money Laundering”. This study, together with the U.S. by Claudia Huesmann.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

The Fintech Times

APRIL 30, 2024

They also focus on regulatory compliance to ensure secure and trustable transactions within the embedded finance ecosystem.” Their strengths are assessment, management, and specialised services. ” The post How is Embedded Finance in the E-Commerce Checkout Impacting Traditional Payment Providers?

Embedded Finance 69

Embedded Finance Finance Payment APIs and Integration Processors 69

Nanonets

SEPTEMBER 27, 2024

In the insurance industry, STP translates to automating various processes such as financial credibility assessment, KYC/Identity verification, underwriting, and claims processing. In this blog post, we'll explore what STP means in the context of the Insurance industry, the pain points within the industry and the benefits of STP.

Process 52

Process Underwriting Automation Database 52

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

FloQast

MAY 9, 2024

They not only uphold regulatory standards but also inform strategic decisions and protect stakeholders’ interests. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 93

Compliance Audit Risk Assessment Assessments 93

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements.

Risk 59

Risk Financial Crimes AML Risk Management 59

Segpay

MARCH 20, 2024

Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry. To mitigate the risk of algorithmic bias, banks must ensure that AI systems are trained on diverse and representative datasets and regularly monitored for fairness and transparency.

AI 111

AI Privacy Non-Bank Fraud Detection 111

Fintech Finance

MARCH 22, 2024

nsave was co-founded by Amer Baroudi and Abdallah AbuHashem, Rhodes Scholars who met at the University of Oxford and have extensive experience in banking, regulatory compliance, and fintech. nsave, which seeks to democratize access to safe financial services in Switzerland, raised $4 million.

FinTech 52

FinTech Regulatory Compliance Money Laundering Economy 52

Finovate

MARCH 29, 2024

“MineOS AI Asset Discovery and Risk Assessment will bridge the gap between the practical and theoretical sides of AI and data governance as companies navigate the complex new business landscape.” ” Founded in 2005, AU10TIX is headquartered in Hod Hasharon, Israel. .

Verification 69

Verification Privacy AI AML 69