Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies.

Risk Management 100

Risk Management AI Risk Use Case 100

Neopay

DECEMBER 20, 2023

In the case of customers identified as domestic PEPs or having close associations with domestic PEPs, the initial risk assessment will consider them to present a lower level of risk compared to non-domestic PEPs. The post Amended Money Laundering Regulations 2017 bring changes in PEP risk assessment appeared first on Neopay.

Risk Assessment 52

Risk Assessment Money Laundering Assessments Regulations 52

Payments Dive

APRIL 14, 2022

Mastercard's new partnership with the software provider is the latest in a string of added ties to fintechs aimed at expanding its payments and risk assessment tool offering.

Risk Management 109

Risk Management Visa Risk Risk Assessment 109

Clearly Payments

JANUARY 8, 2024

While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 66

Risk Management Risk PCI DSS Process 66

CB Insights

AUGUST 12, 2021

Moody’s , an integrated risk assessment firm, has acquired RMS , a risk management solutions provider, for $2B. RMS: California-based RMS is a provider of climate and natural disaster risk modeling and analytics. The company has over 400 risk models that cover 120 countries. Want the full post?

Risk Assessment 66

Risk Assessment Assessments Risk Acquirers 66

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

Seon

APRIL 23, 2024

As an umbrella term, fraud risk management encompasses the systematic processes of identifying, assessing and responding to an organization’s fraud risk. How Does Fraud Risk Management Work?

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

VISTA InfoSec

OCTOBER 21, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT).

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

PYMNTS

APRIL 30, 2020

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk. ” A Dramatic Shift. The New Normal.

Risk Management 59

Risk Management Risk Assessments Risk Assessment 59

PYMNTS

SEPTEMBER 25, 2018

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. The enhancement means third parties can more easily participate in a holistic risk mitigation strategy, Fusion noted.

Risk Management 73

Risk Management Risk Risk Mitigation Risk Assessment 73

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. .

Best Practices 52

Best Practices Risk Management Risk Risk Assessment 52

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

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. .

Best Practices 52

Best Practices Risk Management Risk Risk Assessment 52

FloQast

MAY 9, 2024

However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes. Amidst these challenges, the recent enhancements to FloQast’s Compliance Management solution offer a beacon of hope for finance and accounting teams.

Compliance 104

Compliance Audit Risk Assessment Assessments 104

PYMNTS

JULY 27, 2020

According to the release, supply chain risk will be mitigated via new ways of collecting feedback to help alert customers of risk in the chain, as well as enhanced measures of tracking suspicious spending across sourcing, purchasing and payment currency deviations, to name a few.

Risk Management 60

Risk Management Risk Mitigation Risk Assessment 60

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. ” Ensuring growth in line with regulations The extent of Secure ID can be seen by the brands using it. With UIDAI recording 1.96

Checks 67

Checks Risk Assessment Security Payment APIs and Integration 67

PYMNTS

JUNE 23, 2017

As part of LexisNexis Risk Solutions’ “Ask the Small Business Experts” series, Head of Small Business Risk Management Ben Cutler interviewed Cortera CEO Jim Swift about the role trade credit data plays in risk assessment.

Risk Assessment 54

Risk Assessment Assessments B2B Risk 54

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services.

AI 105

AI Disputes Risk Management Risk Assessment 105

PYMNTS

JUNE 20, 2017

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. For fund investors, active risk management is of particular importance for treasurers, Hazeltree noted.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

VISTA InfoSec

OCTOBER 21, 2024

These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures. To stay ahead of cyber security threats, SMEs must adopt a proactive approach by conducting regular risk assessments and investing in effective cyber security solutions.

Security 130

Security Phishing Ransomware Risk Assessment 130

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 57

Risk Financial Crimes AML Risk Management 57

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

Neopay

MAY 7, 2024

Proliferation financing: strengthening risk assessments The FCA underscores the necessity for firms to develop specific risk assessments and control mechanisms to prevent financial services from being exploited for the proliferation of weapons of mass destruction.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

PYMNTS

NOVEMBER 2, 2020

The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster risk management, loan and debt underwriting, portfolio optimization, supply chain risk management and investment idea generation, the release stated.

Credit Risk 85

Credit Risk Risk Risk Management Assessments 85

FICO

AUGUST 4, 2020

In today’s connected world, the need for effective vendor risk management is critical. Organizations need new tools that can help speed up the decision-making process, while having the confidence that these decisions can be backed by a complete and validated picture of vendor risk.

Risk 52

Risk Third Party Vendors Risk Assessment Security 52

The Fintech Times

FEBRUARY 8, 2024

In this week’s Behind the Idea, we chat to Gill to learn how Confide evolved from addressing the lessons learned from the Wirecard scandal into a holistic platform for governance, risk management, and integrity assurance. Confide was born out of a necessity to bridge the gap in corporate governance and risk management.

Risk Management 57

Risk Management Government Governance Risk Assessment 57

EBizCharge

NOVEMBER 12, 2024

Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile. Underwriters analyze factors such as transaction volumes and potential risks to determine the likelihood of financial instability or fraud.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI is pioneering a new era in fraud prevention. In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

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. AML Screening : Sanctions and watchlist screening, transaction pattern analysis for detecting money laundering activities.

Instant Payments 82

Instant Payments Transactions Payment APIs and Integration Compliance 82

Neopay

JUNE 24, 2024

Through the Joint Committee, the ESAs explored and monitored potential emerging risks for financial market participants and the financial system as a whole. DORA mandated the ESAs to develop several policy products before its application date of January 17, 2025, to supplement the legal framework.

Legal Framework 40

Legal Framework Financial Literacy Consumer Protection Risk Assessment 40

The Fintech Times

OCTOBER 26, 2024

AI is boosting risk management and personalisation During Huawei’s Finance Forum at GITEX, Dr. Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down.

Finance 67

Finance Ransomware Fraud Detection AI 67

FICO

MARCH 8, 2021

eDriving SM , a leading global provider of digital driver risk management programs, has partnered with FICO to create scoring algorithms to capture driving behavior and develop a transformational predictor of a drivers’ risk level designed to help them reduce their risk of future collisions. by Nikhil Behl.

Risk 98

Risk Risk Assessment Assessments Risk Management 98

FloQast

NOVEMBER 27, 2023

Additionally, areas such as risk management, segregation of duties, and even cybersecurity play pivotal roles. For instance, an effective risk management strategy helps companies preempt potential financial reporting pitfalls. As businesses grow and financial landscapes shift, risks aren’t static.

Compliance 52

Compliance Risk Assessment Audit Risk Management 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.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52

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. This disjointed communication results in inefficient information exchange and slows down the loan origination process.

Origination 52

Origination Automation Risk Assessment Underwriting 52