The Fintech Times

FEBRUARY 5, 2025

The report by AuditBoard in partnership with Ascend2 , Unlock Regulatory Compliance With DORA, NIS2, and the EU AI Act explores challenges and opportunities firms face as they look to become compliant. Meanwhile, 63 per cent of those claiming compliance report having transparency measures in place.

Compliance 64

Compliance Cybersecurity Audit AI 64

The Fintech Times

MARCH 25, 2024

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 115

Finance Regulatory Compliance On-Demand Compliance 115

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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

Fintech Finance

AUGUST 2, 2024

By evaluating daily transactional data, it assigns personalized scores and ranks clients based on their behavior, helping financial institutions prioritize risks and identify emerging trends, thereby enhancing the accuracy of risk assessment.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

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. Service Continuity : Ensures essential healthcare services remain operational.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech Review

FEBRUARY 11, 2025

Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments.

AI 66

AI FinTech Risk Assessment Assessments 66

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 114

Risk Management Risk AI Use Case 114

PYMNTS

APRIL 24, 2020

percent reported using AI for underwriting and risk assessment purposes. About: The Unlocking AI Playbook: Credit Risk And Payments Edition , powered by Brighterion , examines the state of AI adoption in the banking sector and assesses the system’s most promising applications currently and in the future.

Credit Risk 100

Credit Risk Risk Underwriting AI 100

M2P Fintech

MARCH 24, 2025

Smart Contracts: Self-executing agreements streamline loan distribution, repayment, and compliance, cutting costs and speeding up transactions. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance. AI, ML, and blockchain enhance risk assessment and security.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

PYMNTS

MARCH 6, 2020

The goal of this series is to assess how banks and other sectors are using AI and other computational systems to manage critical business functions, including payments, regulatory compliance, credit risk and financial fraud. Our study identifies six main computational systems in use by FIs today, including AI.

AI 81

AI Credit Risk Regulatory Compliance Risk Assessment 81

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. .” ” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment.

Risk 59

Risk AI Risk Assessment Assessments 59

FICO

FEBRUARY 15, 2021

Our roadmap for regulatory compliance with the FICO Siron solution meets existing regulatory requirements and will enable us to rapidly adapt to new regulations,” said Marina Skalistiri, head of compliance risk assessment planning and reporting at Eurobank Greece. This is a first-class result of our project.”combined

Money Laundering 52

Money Laundering Regulatory Compliance Correspondent Bank AML 52

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Fintech Times

JUNE 19, 2024

Fenergo explained it plans to help First Abu Dhabi Bank to deliver end-to-end digital client onboarding and risk assessment for sanctions, AML and KYC. This will enable First Abu Dhabi Bank to straight-through-process its low-risk customers, enhancing onboarding efficiency and minimising costs.

AML 59

AML Compliance Money Laundering Risk Assessment 59

The Fintech Times

JANUARY 28, 2025

Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds. For smaller fintechs, these same rules can become roadblocks.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

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 106

Compliance AI Process Suspicious Activity Report (SAR) 106

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

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks.

AML 52

AML Financial Crimes Crime Risk Assessment 52

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.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

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

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Legal Compliance Best Practices 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

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. In this pursuit, businesses like SEON can help companies to bolster their defences against sophisticated fraud schemes.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Nanonets

APRIL 11, 2023

The need to minimize risk and maintain loan portfolio quality : In a volatile economic environment, lenders must carefully manage risk to protect their loan portfolios and maintain financial stability. 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

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 102

Central Bank AI Correspondent Bank Correspondent 102

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

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.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

Tearsheet

JULY 1, 2024

First and foremost, your security must exceed industry compliance standards. Start with a risk assessment. Again, partnering with knowledgeable service providers who can stay up-to-date on current regulations or consulting legal experts can help businesses stay on top of regulatory compliance.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

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

The Payments Association

OCTOBER 3, 2024

Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently. Implementing advanced data management solutions enables seamless data integration and real-time analytics and ensures regulatory compliance.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

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

FICO

MARCH 24, 2021

Apart from identifying money laundering and terrorist financing risks in trade transactions, organizations must also think about potential anti-bribery and corruption concerns, as being pressured to pay bribes can lead to FCPA (Foreign Corrupt Practices Act) violations and hefty fines. . Set clear and realistic priorities.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

PYMNTS

SEPTEMBER 12, 2019

Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines.

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

M2P Fintech

DECEMBER 17, 2024

A risk assessment follows, evaluating the merchants profile through credit checks and performance analysis, leading to application approval or rejection based on these findings. Compliance monitoring ensures adherence to regulations like PCI DSS and AML laws.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 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 Risk Assessment 52