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

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 215

Cybersecurity Due Diligence Security Risk Management 215

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. Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers. Regulatory compliance adds another layer of complexity.

Risk 52

Risk Fraud Prevention Deepfake Risk Management 52

Fintech Review

JULY 2, 2024

This capability not only expedites compliance processes but also improves accuracy and reduces the risk of regulatory breaches. Financial institutions are increasingly adopting AI-driven solutions for real-time monitoring of transactions, identifying suspicious activities, and ensuring adherence to regulatory standards.

Compliance 98

Compliance Regulatory Compliance AI Interoperability 98

Finovate

OCTOBER 2, 2024

FIS has launched its Digital Trading Storefront, enabling banks, brokers, and fund managers to offer a customizable digital trading experience with real-time execution and enhanced personalization. The new Digital Trading Storefront is built on FIS’s Cross-Asset Trading and Risk Platform. ” FIS was founded in 1968.

Regulatory Compliance 59

Regulatory Compliance Payment APIs and Integration Mitigation Risk 59

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

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 News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. Sumsub, a global verification provider, has integrated with Chainalysis, a blockchain data platform.

Transactions 109

Transactions Security Deepfake Travel Rule 109

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

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. Model management continues to present financial institutions with new compliance obstacles.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

Fintech Finance

JUNE 14, 2024

Effective immediately, Arash Izadpanah, will transition from Chief Executive Officer to Chief Risk Officer. As I step into the role of Chief Risk Officer, my focus will be on managing risk, compliance and credit to execute our ambitious growth plans with our powerful banking partners.

Regulatory Compliance 98

Regulatory Compliance Risk Compliance Advisors 98

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 59

Regulatory Compliance Finance Privacy Risk Management 59

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

JULY 10, 2024

This monitoring occurs before a transaction is approved or processed and aims to facilitate legitimate transactions while identifying potential regulatory risks. In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

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

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. However, the efficiency of bank lending is often debated. The post Are banks good at lending?

Risk Management 105

Risk Management Assessments Small Business Innovation 105

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Understanding risk management is also a crucial part of the training.

Compliance 52

Compliance Procedures Audit Risk Management 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 68

VARS Payment APIs and Integration Regulatory Compliance Gateways 68

The Fintech Times

SEPTEMBER 14, 2024

Hilary Wandall , chief ethics and compliance officer at Dun & Bradstreet “AI is beginning to play a pivotal role in streamlining certain regulatory compliance processes within the fintech industry. “Likewise, machine learning algorithms continuously learn from data, improving accuracy over time.

Compliance 69

Compliance AI Process Suspicious Activity Report (SAR) 69

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

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

M2P Fintech

JANUARY 3, 2024

Risk factors such as data loss, system downtime, and inconsistent mapping of data during migration need to be dealt with carefully. If tech infrastructure is not managed effectively, it impacts scalability, security, reliability, and business continuity. Get in touch with our experts today.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

VISTA InfoSec

JUNE 3, 2024

A GDPR-compliant password policy should enforce unique passwords for each account to mitigate the risk of credential stuffing attacks. Regular training sessions and awareness programs can help users understand the risks associated with poor password management and the benefits of adhering to the organization’s password policy.

MFA 130

MFA Credential PCI DSS Compliance 130

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. This emphasises the clear expectation from customers that banks move beyond compliance to curtail risk.

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. This removes the need for finance teams to conduct checks off-platform by creating mock payments on banking portals to verify payee details.

Payee 52

Payee Money Laundering Non-Bank Checks 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. AML Screening : Sanctions and watchlist screening, transaction pattern analysis for detecting money laundering activities.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

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. The fintech, which has been processing payments on Stripe since it was founded, serves as an MoR.

Acquirers 59

Acquirers Regulatory Compliance Cross-Border Fraud Prevention 59

Neopay

MARCH 4, 2024

Therefore, prioritising compliance, risk management, and ethical conduct is essential to mitigate the risk of regulatory scrutiny.

Compliance 52

Compliance Mitigation Risk Mitigation Regulatory Compliance 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. Unseen risks in the banking sector In 2024, banks face various familiar risks and less predictable risks.

AI 112

AI Risk Non-Bank On-Demand 112

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. Educate customers about the risks posed by AI-driven scams, empowering them to identify and report suspicious activity.

AI 88

AI MFA Regulatory Compliance Best Practices 88

Segpay

OCTOBER 18, 2023

However, in most cases, the merchant is unaware of being abused by criminal gangs or transaction fraudsters and runs a tremendous risk. Hide & Seek: Transaction launderers know how to avoid detection by payment processors and regulatory authorities. They continuously change tactics and employ various methods to evade detection.

Transactions 52

Transactions Due Diligence Money Laundering Legal 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 verify ongoing compliance, banks need to implement vendor management practices to oversee the compliance efforts of their BaaS providers and mitigate risks on both sides.

Due Diligence 52

Due Diligence Privacy Compliance FDIC 52

Nanonets

APRIL 29, 2024

Regulatory Compliance : Compliance with regulatory standards such as GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) is non-negotiable for businesses. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Regulatory Compliance Compliance 52

FICO

MARCH 18, 2021

At FICO , we’re working with our strategic clients to ensure they maintain a solid risk analysis and risk modelling programme. Right now, there are a host of factors that need to be considered when calculating ongoing exposure to risk. It’s crucial to keep pace. .

Risk 52

Risk Federal Reserve Assessments Credit Risk 52

PYMNTS

APRIL 29, 2019

Citi announced on Monday (April 29) the launch of NextGen, its artificial intelligence-powered risk analytics scoring engine. This will help the bank eliminate time-consuming manual processes and provide a better view of risk activities and insights. “By

Risk 49

Risk AI Regulatory Compliance Compliance 49

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. Furthermore, financial crime controls have failed to keep pace with the rapid growth of these businesses.

AML 52

AML Financial Crimes Crime Risk Assessment 52