FloQast

SEPTEMBER 18, 2024

The Strategic Shift: From Compliance to Risk Orchestration FloQast’s survey uncovered a pretty notable opportunity in the compliance landscape. While a significant 47% of compliance professionals are focused on reducing administrative demands, only 16% are exploring strategic risk orchestration. You know what’s the best defense?

Compliance 82

Compliance Risk Risk Management On-Demand 82

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

PYMNTS

OCTOBER 23, 2020

And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. CEO Carl Hartmann, was founded amid the pandemic as supply chain risks skyrocketed.

Risk Mitigation 63

Risk Mitigation Mitigation Risk B2B 63

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 News

FEBRUARY 21, 2024

However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. FIs are also encouraged to explore other quantum security solutions, including QKD, as part of their risk management strategies.

Third Party Vendors 109

Third Party Vendors Cybersecurity Mitigation Encryption 109

PYMNTS

APRIL 10, 2019

The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times.

Risk 54

Risk Risk Mitigation Risk Management Data Breach 54

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

PYMNTS

OCTOBER 23, 2020

It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Risk Focus In Flux. Thinking Ahead.

Risk 57

Risk Risk Mitigation Mitigation Cybersecurity 57

PYMNTS

MARCH 8, 2019

Insurance firm Zurich is introducing a new supply chain risk management service in conjunction with riskmethods, reports in Global Banking and Finance Review said Thursday (March 7). Other supply chain risks stem from ongoing trade disputes between the U.S. coming from larger corporates. for example.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Head of Financial Crime Risk Management and BSA/AML Officer, with proven leadership and experience. balance sheet. .”

AML 97

AML BSA Money Laundering Financial Crimes 97

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 43

Risk Management Risk Treasury Email Compromise 43

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

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

PYMNTS

JULY 23, 2019

Tokyo Shoko Research, a Japan -based commercial database, has signed an agreement with SAP Ariba in the latter’s effort to strengthen its supply chain risk mitigation offerings. million Japanese companies to augment its SAP Ariba Supplier Risk solution, the companies said in a press release Monday (July 22).

Risk 47

Risk Risk Mitigation Payment APIs and Integration Database 47

PYMNTS

MARCH 3, 2017

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. Most of the companies surveyed have mature FX risk mitigation solutions deployed in their enterprises, the research found. The bank said Thursday (Mar. The bank said Thursday (Mar.

Risk Mitigation 40

Risk Mitigation Risk Mitigation Treasury 40

PYMNTS

DECEMBER 13, 2018

and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Supplier financial risks have declined over time, too. Trade tensions between the U.S.

Risk 62

Risk Risk Mitigation Mitigation Cross-Border 62

Fintech News

JUNE 5, 2024

Dr Thng stresses that managing the outsourcing life cycle is a crucial strategy for today’s FIs to enable them to align their operations with changing technologies and market demands. The first pertains to the need for strategic management with a focus on innovation. The standard outsourcing life cycle methodology is quite generic.

FinTech 106

FinTech Mitigation Risk On-Demand 106

PYMNTS

DECEMBER 5, 2018

The firm released its “Data Risk in the Third-Party Ecosystem” study last month, and found that 59 percent of more than 1,000 executives surveyed said they had experienced a data breach as a direct result of a cyberattack on a vendor or other third-party partner. But the cyber risk is new.”

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

PYMNTS

JUNE 27, 2018

Exposure to the risks of endless shifts of foreign exchange (FX) rates keeps executives on their toes: Deloitte recently found FX volatility to be the most common concern among surveyed corporate treasurers. Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms.

Risk Mitigation 53

Risk Mitigation Mitigation Risk Management Cross-Border 53

PYMNTS

JUNE 15, 2018

Barclays is collaborating with one of the graduates of its accelerator program to develop enhanced risk mitigation tools. In an announcement sent to PYMNTS, Barclays reported a partnership with Simudyne , a graduate of the Barclays Accelerator, to test new risk mitigation solutions. Venkatakrishnan in a statement.

Risk 40

Risk Risk Mitigation Mitigation Small Business 40

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation 93

Risk Mitigation Mitigation Payment APIs and Integration Risk 93

PYMNTS

NOVEMBER 11, 2016

When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it. Blake explained this as a “risk in purchasing.”

Risk 68

Risk Risk Mitigation Mitigation Risk Assessment 68

PYMNTS

SEPTEMBER 6, 2017

But though there is evidence treasurers are stepping up to the plate, the research finds that not only are there ongoing risks that treasurers must address, many are not adequately doing so. Ninety percent agreed that the treasurer holds an important role as a “steward for risk management for the company.”.

Risk 43

Risk Treasury Treasury Management Risk Management 43

Fintech News

JULY 24, 2024

Additionally, human error remains a significant risk factor; as systems become more complex, the potential for misconfigurations or operational mistakes increases. By leveraging the expertise of technology partners, banks can accelerate their transformation, reduce risks, and stay focused on their core business of serving customers.

Finance 115

Finance Risk Mitigation Automation AI 115

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

PYMNTS

SEPTEMBER 15, 2020

In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. Diversifying Risk. Merchants didn’t realize how important it was to have a backup. All parties in the payment ecosystem.

Service Provider 119

Service Provider Payments Risk Acquirers 119

PYMNTS

APRIL 27, 2016

The conversation about exposure to FX risk continues to mount alongside the strengthening U.S. More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. Where Treasurers Go Wrong.

Risk 40

Risk Risk Mitigation Mitigation Cross-Border 40

PYMNTS

JULY 19, 2018

The need is there for a comprehensive approach for risk management, which in turn means that both FinTechs and FIs need a strong, consistent strategy and roadmap from the very start of collaborations. Thus, risk management must evaluate compatibility not just of tech platforms in place, but must also take a cue from strategic goals.

Risk 42

Risk FinTech Risk Management Privacy 42

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

Segpay

OCTOBER 4, 2023

Minimal Risk: Merchants often have a low financial risk since they only pay for actual conversions. Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. Why is this type of Business often considered High-Risk?

Security 52

Security Due Diligence Compliance Payments 52

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI 122

AI Finance Fraud Detection Mitigation 122

PYMNTS

JANUARY 24, 2019

Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. The businesses that are going to succeed in their compliance and risk strategies, he added, are those that understand the relationship between procurement and compliance.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

FICO

AUGUST 16, 2019

It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group. The Relationship Between Credit Risk and First-Party Fraud. Credit Risk and Fraud Across the Customer Lifecycle. Here are some highlights.

Credit Risk 40

Credit Risk Risk Identity Theft Account Takeovers 40

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Stay compliant with evolving regulations and adhere to fair lending practices, mitigating regulatory risks.

BNPL 81

BNPL Payments Mitigation Best Practices 81

PYMNTS

SEPTEMBER 11, 2018

A company no longer has to be a massive, multinational conglomerate to be exposed to foreign exchange fluctuation risks. There have been recent events that have escalated the importance of FX volatility and managing it, whether it’s trade disputes happening internationally at the moment, or Brexit,” he told PYMNTS in a recent interview.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Mitigation 40

PYMNTS

NOVEMBER 10, 2020

Petersburg, Florida-based PSCU said that participating “credit unions receive an assigned risk program consultant who, on a daily basis … analyzes the credit union’s fraud and risk mitigation initiatives.”. The pandemic has put credit unions on the hot seat in terms of fraud risk.

Credit Union 60

Credit Union Credit Union Service Organization Fraud Prevention Risk Mitigation 60

Neopay

JUNE 27, 2024

To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies. 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