Fintech Review

JULY 2, 2024

Machine learning algorithms continuously learn from data inputs, refining their analyses and predictions over time to stay ahead of evolving compliance challenges. Furthermore, AI enables proactive risk management by predicting potential compliance issues before they escalate.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

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 108

Transactions Security Deepfake Travel Rule 108

Finovate

OCTOBER 2, 2024

The new Digital Trading Storefront is built on FIS’s Cross-Asset Trading and Risk Platform. The new tool supports both buy-side and sell-side strategies while helping firms manage trading volumes and mitigate regulatory compliance risks. ” FIS was founded in 1968.

Regulatory Compliance 59

Regulatory Compliance Payment APIs and Integration Mitigation Risk 59

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 News

OCTOBER 21, 2024

Risk management, data analysis, and operations require the most adaptation due to DeFi, with circa 80% of respondents anticipating significant changes in these business areas and processes. Data management & privacy, and regulatory compliance are also significant issues that must be addressed closely.

Regulatory Compliance 108

Regulatory Compliance Finance Privacy Risk Management 108

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

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 119

Cybersecurity Compliance AI Privacy 119

Fintech Review

NOVEMBER 12, 2024

White Labeling and Co-Branding In a white-label model, fintechs provide the technology and expertise, while banks manage regulatory compliance and branding. For example, a fintech may create a digital wallet, branded and managed by a bank. Here are three common collaboration models that have proven successful.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

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

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

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 94

Risk Privacy Compliance Regulatory Compliance 94

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 94

Regulatory Compliance Risk Compliance Advisors 94

FloQast

MAY 9, 2024

We’ve all input the wrong information or fat-fingered a key (or, for those perfectionists among us, know someone who has in the past) Solution : FloQast’s solution facilitates proactive risk management by bringing entire compliance team into a single solution.

Compliance 99

Compliance Audit Risk Assessment Assessments 99

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 Risk Management Deepfake 52

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 73

VARS Payment APIs and Integration Regulatory Compliance Gateways 73

The Fintech Times

NOVEMBER 26, 2024

Lana Sinelnikova – business compliance and enterprise-wide risk assessment director Sinelnikova’s team provides end-to-end compliance control and advice to various business units across their products’ lifecycle and develops compliance risk programs on both global and local levels.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

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

The Fintech Times

AUGUST 29, 2024

Akash Sinha, CEO and co-founder, Cashfree Payments Talking about the launch, Akash Sinha , CEO and co-founder, Cashfree Payments said: “Our Secure ID platform integrates cutting-edge technology with robust verification and risk management infrastructure, empowering merchants to comply with regulations while safeguarding against fraud.

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

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

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

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

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

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

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

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

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 96

AI MFA Regulatory Compliance Best Practices 96

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

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

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

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 77

Instant Payments Transactions Payment APIs and Integration Compliance 77

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

Fintech News

OCTOBER 27, 2024

Source: PayerMax PayerMax focuses on regulatory compliance in the cross-border payment arena, constantly enhancing payment security. Featured image credit: edited from freepik The post How PayerMax Links Global Giants with Local Super Apps for Scalable Growth appeared first on Fintech Singapore.

Cross-Border Payments 112

Cross-Border Payments Cross-Border Fraud Prevention Value Added Service 112

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Through a robust risk management framework and stringent security rules, NACHA strengthens trust in the digital payment ecosystem. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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 FDIC Compliance 52

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

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 Money Laundering 59