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. The tech can also draft model documentation and validation reports.

Risk Management 94

Risk Management AI Risk Use Case 94

Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. 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.

Risk Management 66

Risk Management Risk PCI DSS Process 66

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

Neopay

DECEMBER 20, 2023

1371) will introduce notable changes in the assessment of risks associated with Politically Exposed Persons (PEPs). 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.

Risk Assessment 52

Risk Assessment Money Laundering Assessments Regulations 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

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

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

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. This lack of attention given to supplier risk meant wasted spend and fraud. Unprecedented Risk.

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. . by FICO.

Best Practices 52

Best Practices Risk Management Risk Risk Assessment 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

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. . by FICO.

Best Practices 52

Best Practices Risk Management Risk Risk Assessment 52

PYMNTS

JULY 27, 2020

Coupa , which works in business spend management, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.

Risk Management 60

Risk Management Risk Mitigation Risk Assessment 60

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

PYMNTS

NOVEMBER 2, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. They can also assess ongoing credit quality. The pandemic has created rifts of uncertainty in the markets.

Credit Risk 85

Credit Risk Risk Risk Management Assessments 85

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.

Risk 98

Risk Risk Assessment Assessments Risk Management 98

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix.

Risk Assessment 54

Risk Assessment Assessments B2B Risk 54

FloQast

MAY 9, 2024

In the intricate dance of modern business, compliance programs serve as vital navigational guides, steering organizations through a labyrinth of regulations and risks. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 99

Compliance Audit Risk Assessment Assessments 99

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. One is in assessing counterparty strength.

Risk Assessment 47

Risk Assessment Assessments Risk Risk Mitigation 47

VISTA InfoSec

OCTOBER 21, 2024

The risk of cyber attacks for companies is increasing and can significantly disrupt their operations, have negative financial consequences and damage their reputation. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

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. Additionally, SecureID provides data-driven risk scoring for informed decision-making and monitoring for potential risks in the user’s journey.

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

The Fintech Times

MARCH 12, 2024

Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks. It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

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. by Manish Karir.

Risk 52

Risk Third Party Vendors Risk Assessment Security 52

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 100

AI Disputes Risk Management Risk Assessment 100

PYMNTS

NOVEMBER 3, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate Credit Risk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. 2) announcement.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

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

EBizCharge

NOVEMBER 12, 2024

This process is critical for payment processors, who must determine whether a business poses a high financial risk. Merchant underwriting is the process of evaluating a business’s risk before providing it with a merchant account to process electronic payments. This helps in classifying the business as high risk or low risk.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 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

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

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. The practical applications for AI extend far beyond credit risk assessment and detection, however.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

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. ComplyTek’s integrated solutions ensure that organizations stay ahead of regulatory demands and financial crime risks.

Instant Payments 72

Instant Payments Transactions Payment APIs and Integration Compliance 72

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 59

Risk Management Government Governance Risk Assessment 59

FICO

DECEMBER 2, 2019

Now it’s easier than ever to understand your company’s cyber risk. The latest release of the FICO® Cyber Risk Score is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors. The FICO Cyber Risk Score is the first cyber rating available on the AWS Marketplace.

Risk 52

Risk Data Breach Breach 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

PYMNTS

JULY 24, 2020

Today, they’re managing this workload in a remote setting on top of a slew of other pressures facing organizations. So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Lackluster Risk Strategies. ” Combating Risk Through Technology. .

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

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 69

Finance Ransomware Fraud Detection Cybersecurity 69