Fintech Review

JUNE 12, 2024

IoT devices, such as smart home sensors and connected cars, provide real-time data that insurers can use for risk assessment and mitigation. Real-Time Monitoring and Prevention IoT devices enable real-time monitoring of insured assets, allowing for proactive risk management.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. Featured image credit: Edited from Freepik The post Sumsub Integrates with Chainalysis to Strengthen Crypto Transaction Security appeared first on Fintech Singapore.

Transactions 107

Transactions Security Deepfake Travel Rule 107

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. The post Explore Regulatory Compliance Best Practices at FICO World appeared first on FICO.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

Fintech Finance

JULY 24, 2024

PayU GPO , the leading online payment service provider operating in over 50+ emerging markets, today announces the appointment of Simona Covaliu as Chief Risk Officer.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

Finovate

JULY 30, 2024

Texas-based Vantage Bank announced this week it has tapped financial risk control platform Cable to facilitate the bank’s compliance and risk management program. This partnership comes as Vantage Bank seeks to grow its fintech program and partnerships in today’s tightened regulatory environment.

Compliance 52

Compliance Risk Management Regulatory Compliance Financial Crimes 52

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

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. Achieving this balance is critical to satisfying customers without undermining risk management strategies. Regulatory compliance adds another layer of complexity.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Fintech Finance

JUNE 14, 2024

Having spent over three decades in this space, Arash will leverage his extensive industry knowledge and deep risk management expertise in his new role to grow Payzli’s high-risk channel and ensure the company maintains the highest security standards and regulatory compliance.

Regulatory Compliance 98

Regulatory Compliance Risk Compliance Advisors 98

Finovate

JULY 29, 2024

MoR responsibilities can include payment processing, risk management, legal and financial responsibility, tax compliance, customer service and support, and fraud prevention. Photo by Gustavo Fring The post Stripe Acquires Lemon Squeezy for Undisclosed Amount appeared first on Finovate.

Acquirers 59

Acquirers Regulatory Compliance Cross-Border Fraud Prevention 59

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 68

VARS Payment APIs and Integration Regulatory Compliance Gateways 68

Finovate

AUGUST 29, 2024

Features Offers workflow optimization and protection Improves client retention and business development Delivers digital transformation and regulatory compliance Who’s it for? Sei Sei builds AI agents for risk and compliance teams to automate complex tasks. Credit unions. Banks, credit unions, and tech vendors.

Credit Union 52

Credit Union ISO 20022 ISOs Compliance 52

Seon

JULY 10, 2024

In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions. However, the two often overlap, as both contribute to an organization’s overall risk management and compliance efforts. What is fraud risk monitoring?

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Fintech Review

JANUARY 24, 2024

One might argue that the rigorous processes banks employ in assessing loan applications reflect a diligent risk management approach. The efficiency of the loan process also hinges on the banks’ ability to manage their resources. The post Are banks good at lending? appeared first on Fintech Review.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

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

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. The post Enhancing compliance through safeguarding training appeared first on Neopay.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Fintech Times

APRIL 4, 2024

A new study by CybSafe , the human risk management platform, has found that 23 per cent of US and UK consumers have said that a bank’s approach to cybersecurity is a factor when they consider opening an account. The post CybSafe Reveals Importance and Use of Cyber Training for Customers appeared first on The Fintech Times.

Cybersecurity 53

Cybersecurity Data Breach Breach Scams 53

Fintech Finance

JANUARY 30, 2024

“In developing the Fraud & Error Prevention Suite, AccessPay’s aim was to help businesses take a proactive approach to fraud and risk management,” states Anish Kapoor, CEO of AccessPay.

Payee 52

Payee Money Laundering Non-Bank Checks 52

FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. Here were the top 5 posts of 2017 in the Risk & Compliance category: US Average FICO Score Hits 700: A Milestone for Consumers.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

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

Fintech Finance

AUGUST 2, 2024

The solution integrates seamlessly with financial systems, providing real-time alerts, customizable rule engines, and robust data management for effective transaction validation and risk management. Post-Execution Monitoring: ClienTek ML analyzes and scores client transaction behavior post-execution.

Instant Payments 89

Instant Payments Transactions Payment APIs and Integration Compliance 89

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny. The post FCA’s move to faster and more transparent enforcement appeared first on Neopay. To find out more about how we can support your business, contact us here.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 52

Fi911

JANUARY 31, 2024

Redefining Risk Management Machine learning models can swiftly process massive datasets in real-time, identifying unusual transactions or behavioral patterns indicative of fraudulent activity. The post The Role of Generative AI in the Banking Industry: A Call for Cautious Exploration appeared first on fi911blog.

AI 88

AI MFA Regulatory Compliance Best Practices 88

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

Finovate

APRIL 10, 2024

Banks need to ensure that their partners comply with data protection regulations and stay up-to-date on regulatory changes. To reduce these issues, banks should have risk management processes in place and regularly check in with their partners.

Due Diligence 52

Due Diligence Privacy Compliance Regulatory Compliance 52

Neopay

FEBRUARY 27, 2024

At the heart of the managed service is a commitment to streamlining operations and enhancing efficiency. By offering modules covering compliance, risk management, customer service, financial reporting, and more, we empower firms to focus on their core business innovations and growth.

FinTech 59

FinTech Compliance Audit Risk Management 59

Segpay

OCTOBER 18, 2023

By partnering with a payment processor that offers risk management as a value-added service, merchants can focus on their core business: selling their products and/or services. Merchants must have effective compliance programs to prevent transaction laundering, protect their brand and reputation, and ensure regulatory compliance.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Fintech News

FEBRUARY 7, 2024

Financial milestones amidst digital turbulence Despite posting an unprecedented net profit leap of 26 percent to SG$10.3 DBS’s response, characterised by senior management pay cuts and investments in technology resilience, is a step in the right direction. billion, surpassing 2022’s SG$8.19

Non-Bank 98

Non-Bank Authorization Regulatory Compliance On-Demand 98

Fintech News

MAY 5, 2024

This local presence does wonders, from ensuring that Oradian is smoothly aligned with local regulatory compliance, to enabling easily accessible customer support and community engagement. The post Oradian Pioneers Next-Gen Financial Services with Local Flair in the Philippines appeared first on Fintech Singapore.

Financial Inclusion 100

Financial Inclusion Underserved Regulatory Compliance Disaster Recovery 100

Neopay

MARCH 7, 2024

How Neopay can help In light of the FCA’s warning, Neopay stands ready to assist payment firms in strengthening their AML frameworks and ensuring compliance with regulatory requirements. The post FCA issues warning to firms over AML failings appeared first on Neopay.

AML 52

AML Financial Crimes Crime Risk Assessment 52

The Fintech Times

MARCH 28, 2024

The acquisition marks the latest in a series of strategic investments by Abrigo to help financial institutions streamline risk and accounting management processes while ensuring internal and regulatory compliance. The post This Week in Fintech: TFT Bi-Weekly News Roundup 28/03 appeared first on The Fintech Times.

FinTech 64

FinTech Online and Mobile Banking Central Bank Push-to-Card 64

The Fintech Times

MAY 14, 2024

My previous roles in corporate banking and investments, coupled with my experience in building tech companies, have provided me with a unique blend of financial insight, strategic thinking, client relationship management, risk management, entrepreneurship, and technical expertise.

Compliance 64

Compliance Privacy FinTech Innovation 64

Neopay

FEBRUARY 12, 2024

Neopay’s Integrated Managed Service sets itself apart through a unique integration of leading FinTech expertise, offering a comprehensive solution that combines modules for risk management, compliance, customer service, financial reporting, and open banking.

FinTech 52

FinTech Compliance Reconciliation Risk Management 52

Clearly Payments

FEBRUARY 23, 2024

These indicators are typically a smaller set of highly critical metrics that reflect the organization’s performance in key areas such as revenue growth, customer acquisition and retention, operational efficiency, and risk management. A reliable payment processor minimizes disruptions to business operations.

Processors 91

Processors PCI DSS Payments Assessments 91

Nanonets

DECEMBER 19, 2023

  💡 According Gartner: “ Sourcing and procurement leadership must invest in supplier risk management, digitalization, future of work and post pandemic recovery. Many eSourcing solutions use AI algorithms for sourcing and assessing regulatory compliance by vendors. 

Request for Information 52

Request for Information RFP Best Practices Risk Management 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

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. The bank employs AI for over four million daily decisions in risk management, customer service, and sales and expects to reach 10 million by 2025.

AI 109

AI Risk Non-Bank On-Demand 109

Fintech News

APRIL 28, 2024

Remaining compliant Finally, the seventh and last trend highlights the use of technology and automation to enhance regulatory compliance, risk management, and internal audit processes. Compliance functions face ever-changing and more demanding regulator and customer expectations.

AI 104

AI Innovation Financial Crimes Crime 104