PYMNTS

MARCH 23, 2020

Further, as financial institutions (FIs) develop their own methods for understanding which data points to weigh more heavily than others in accordance with their own risk appetites, their ability to internally develop risk assessment models can add a significant burden on resources.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

Fintech News

MAY 14, 2024

A Risk-Based Approach By adopting a multi-faceted, risk-based approach, ZOLOZ empowers its eKYC clients with layered, dynamic protection that constantly evolves to counter the latest malicious activities.

Deepfake 114

Deepfake Authentication Verification AI 114

PYMNTS

OCTOBER 23, 2020

"That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Risk Focus In Flux. Pre-pandemic, cybersecurity risks among third-party partners like suppliers had been top priority. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. It’s key for businesses to not only streamline and digitize their supplier risk assessments but for those firms to manage that risk through a holistic pane. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

Stax

JANUARY 8, 2024

A sound and unambiguous risk management policy provides an effective starting point for all the subsequent actions at the managerial and operational levels. Conduct regular risk assessments and audits: The risk management process is extremely dynamic with new risks and challenges emerging all the time.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

PYMNTS

NOVEMBER 11, 2016

But sophisticated data management does offer some predictability to vendor risk mitigation and supply chain management. Blake told PYMNTS that, for larger organizations that deal with multiple vendors across multiple geographies, supply chain risk is on the tip of everyone’s tongue.

Risk 68

Risk Risk Mitigation Mitigation Risk Assessment 68

Finovate

SEPTEMBER 4, 2024

Kentucky-based Venminder offers a SaaS platform for third-party risk management that helps more than 1,200 customers manage their vendor relationships– from onboarding to offboarding. Photo by Edmond Dantès The post Ncontracts Acquires Third Party Risk Management Company Venminder appeared first on Finovate.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

Fintech Finance

FEBRUARY 24, 2025

By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

AML 59

AML Underwriting Security Verification 59

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

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Neopay

MARCH 4, 2024

Neopay’s suite of services encompasses regulatory compliance, risk assessment, training, and ongoing support, enabling firms to stay abreast of evolving regulatory landscape and proactively address compliance challenges.

Compliance 52

Compliance Mitigation Risk Mitigation Risk Assessment 52

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “This necessitates a complementary risk identification and mitigation effort involving AML and fraud.

Risk 59

Risk Financial Crimes AML Risk Management 59

PYMNTS

JUNE 13, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower. ” OnDeck and Prosper, meanwhile, told reporters that they have integrated algorithms in their risk assessment strategies to detect and avoid loan stacking.

Risk Mitigation 40

Risk Mitigation Risk Assessment Underwriting Risk 40

PYMNTS

SEPTEMBER 29, 2017

Managing Risk. One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance.   Risk mitigation : Thorough   vendor evaluation   and ongoing monitoring can minimize the risks associated with disruptions, delays, or subpar product or service quality.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Center for Payments

SEPTEMBER 15, 2022

Management, while using a business impact analysis and risk management processes to identify and monitor risks, should focus on risk mitigation avoidance and acceptance strategies. Does your plan include a method of communication with your customers/members?

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. ”

Small Business 63

Small Business Underwriting Risk Cybersecurity 63

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

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

AUGUST 15, 2019

Further, if payment service providers wish to exempt corporate payments from SCA requirements, they must provide a comprehensive risk assessment and outline of risk mitigation measures to the FCA each year at least three months before the exemption can be applied.

Payments 49

Payments Commercial Card Risk Mitigation Mitigation 49

FICO

JANUARY 24, 2018

Barbican is using FICO Enterprise Security Score Profile as part of its risk assessment of potential insureds prior to offering cybersecurity insurance coverage, but “a one-off exercise is not enough,” King said. FICO ESS is a powerful risk mitigation tool. Barbican has partnered with FICO to assist in the effort.”

Cybersecurity 55

Cybersecurity AI Underwriting Risk 55

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination 52

Origination PCI DSS API Underwriting 52

FloQast

DECEMBER 13, 2023

Risk Assessment Risk assessment is the process of identifying and evaluating the risks that could impact achieving a company’s objectives. A risk assessment typically involves: Identifying risks Assessing the likelihood and impact of the risks Prioritizing the risks Developing risk mitigation strategies 3.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

PYMNTS

JUNE 14, 2016

While some lenders actually embrace the practice, viewing it as a form of loan consolidation, others argue the practice can obscure the true risk of a borrower. OnDeck and Prosper, meanwhile, told reporters that they have integrated algorithms in their risk assessment strategies to detect and avoid loan stacking.

Risk 40

Risk Risk Mitigation Risk Assessment Authorization 40

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Nanonets

JULY 25, 2023

Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks. Through techniques like variance analysis, sensitivity analysis, and stress testing, analysts can identify potential risks and their impact on financial outcomes.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

FICO

MAY 22, 2017

While a few have been critical that it was not bold enough, most reviewers seem to be endorsing the main message, both for what it does (initiating broad self-assessments by agencies), and for what it does not do (consolidate all accountability in the DoD). This, of course, requires an assessment of risk.

Cybersecurity 45

Cybersecurity Risk Assessment Assessments Risk 45

Fintech Finance

FEBRUARY 24, 2025

By leveraging data sources across 220 countries & territories, the collaboration will provide region-specific solutions and access to business-relevant data along with documents and risk assessment models to help FIs onboard clients, vendors and dealers digitally and securely.

AML 80

AML Underwriting Security Verification 80

Fintech Review

FEBRUARY 25, 2025

Trade finance plays a crucial role in facilitating global trade by providing credit, payment guarantees, and risk mitigation tools. These financial instruments help importers and exporters manage cash flow effectively while reducing the risks associated with cross-border transactions.

Finance 85

Finance Technology Distributed Ledger Technology (DLT) Fraud Detection 85

Fintech News

FEBRUARY 11, 2025

According to Deloitte , the financial services sector is one of the largest adopters of artificial intelligence (AI) , with over 60% of financial institutions leveraging AI-powered solutions for decision-making, risk assessment, and automation. They can also work together to establish AI risk assessment methodologies.

AI 117

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 117