The Fintech Times

DECEMBER 29, 2023

Emerging disruptive technologies, including artificial intelligence (AI), have continued to rise on the agenda for C-suite executives in the UK in the financial services industry over the last two years; according to a new study from Accenture , the IT services and consulting firm.

AI 59

AI Liquidity Risk Consulting Risk 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

Payments Source

APRIL 23, 2018

There are lots of layers technology risk-mitigation features, and in addition, network level mitigation is provided as well, writes Robb Gaynor, chief product officer at Malauzai.

Risk Mitigation 64

Risk Mitigation P2P Mitigation Technology Risk 64

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The SFC notes the potential benefits of tokenisation, including increasing efficiency, enhancing transparency, reducing settlement time, and lowering costs for traditional finance, but also recognises that the use of DLT can create additional risks.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

Nanonets

NOVEMBER 18, 2024

Latency : Not suitable for real-time LLM applications with current technology. Risk of Poor Adaptation : Fine-tuning on irrelevant examples may degrade performance. Risk of Poor Performance on Simple Models : TTT shines when the model has a large number of parameters to learn and the data during test time is of high degree variance.

Fraud Detection 52

Fraud Detection Legal Returns Risk 52

PYMNTS

JANUARY 9, 2020

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .

Innovation 52

Innovation Risk Assessment Risk Assessments 52

PYMNTS

JULY 22, 2020

MAS also proposed new powers to prevent people from working in the financial industry if they’re found to be “unsuitable,” boost the framework for managing risk in tech, and make dispute resolution more effective.

Regulations 56

Regulations Disputes Bitcoin Money Laundering 56

PYMNTS

MARCH 16, 2020

There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

Cross-Border Payments 99

Cross-Border Payments Global Payments Cross-Border Reconciliation 99

PYMNTS

JUNE 17, 2020

The bank stands accused of failing to assess money laundering and terrorism financing risks; regulators said record-keeping was faulty and the company failed to monitor customer due diligence on transactions that may have been tied to child exploitation and endangerment. There was no evidence of intentional wrongdoing.”. Crime, At Scale.

AML 75

AML Money Laundering Compliance Financial Crimes 75

Fintech News

JANUARY 24, 2024

Furthermore, the MAS’s recent proposals, effective mid-2024, set stringent guidelines for DPT service providers, focusing on conflict-of-interest management, listing criteria, complaint handling, and customer risk awareness.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Stablecoins 98

The Fintech Times

AUGUST 15, 2024

Now, any organisation that neglects to adopt these technologies risks being left behind. These moves have allowed us to stay at the frontline of technological advancements in our key markets. When finova was founded, SaaS and the cloud were also very much in their infancy, particularly within the financial services sector.

Origination 59

Origination Payment APIs and Integration Addressing CRM 59

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit 56

Audit AI Regulatory Compliance Duplicate 56

Payments Source

NOVEMBER 3, 2016

That's a good move, but it also comes with a whole new set of risks. Payment companies are increasingly adopting biometrics to replace more traditional authentication.

Authentication 109

Authentication Risk Payments Technology Risk 109

The Fintech Times

MAY 11, 2024

Emerging startups often encounter challenges in fulfilling regulatory and compliance obligations related to managing their operational risks. “A lot of our regulation is generally driven by what the industry tells us first,” explains Ken Coghill, director – head of innovation and technology risk supervision at DFSA.

Regulations 59

Regulations FinTech Innovation Authorization 59

PYMNTS

NOVEMBER 30, 2017

Second, there are the risk management technologies, including the cyberspace crawler that automatically reads and analyzes social posts about the merchant. The platform provides self-signup capabilities for all types of merchants across all channels.

Due Diligence 46

Due Diligence AI Risk Management Acquirers 46

Payments Source

OCTOBER 2, 2016

Consumers are becoming increasingly aware of the double-edged sword that comes from broadly sharing their personal data.

Consumer 135

Consumer Technology Risk Acquirers Risk 135

Payments Source

JUNE 28, 2016

Building on industry initiatives to ease the user experience for chip cards and increase use of contactless technology, Oberthur Technologies has developed a dual interface card in the U.S. market that combines new Visa and MasterCard specs and 'tap and go.'.

Chip Cards 112

Chip Cards EMV CHIPS Visa 112

PYMNTS

JULY 24, 2017

After Western Union (and others before them) had taken the risk, invested in building out a successful network and keeping it cutting edge (at the time), and proving its value across a variety of use cases, the U.S. Post Office decided it was time for them to run it.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

Payments Source

SEPTEMBER 21, 2016

Bashas' Inc., Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance.

EMV 94

EMV Payments Technology Risk Acquirers 94

Payments Source

OCTOBER 11, 2016

"Artificial Intelligence" as a concept still eludes some financial executives, but for Signifyd the most important thing to understand is it can be a strong weapon in the fight against fraud.

Technology Risk 92

Technology Risk Risk Technology Security 92

Payments Source

JUNE 24, 2016

London has been a magnet for technology startups, buoyed by a favorable regulatory environment and proximity to many of the world's largest financial institutions.

Technology 88

Technology Payments Technology Risk Risk 88

Payments Source

AUGUST 15, 2016

Smart contracts, which automate parts of payment agreements, are the key to using blockchain technology in complex financial transactions. However, there are still open questions and concerns about how smart contracts operate in the real world and whether they can be trusted.

Automation 77

Automation Blockchain Agreements Transactions 77

Payments Source

MAY 3, 2016

Banks and their merchant clients face a costly problem stemming from how prepared they are to deal with attacks that sidestep the point of sale.

Accounts 82

Accounts Technology Risk Acquirers Risk 82

Payments Source

MARCH 2, 2016

Of all the initials small to mid-sized merchants hear during the digital payments migration—"EMV," NFC," "mPOS"—an older abbreviation may finally pry open the door to widespread payments automation: CRM.

CRM 69

CRM EMV Mobile Payments Payments 69

Payments Source

APRIL 28, 2016

McDonald's has been at the fore of many new digital initiatives around the world, and it has played a significant role in demonstrating how MasterCard can flex its international scale to build new services and avoid being disrupted.

Visa 67

Visa Payments Technology Risk Acquirers 67

Payments Source

SEPTEMBER 8, 2016

It was inevitable that someone would try to add up those extra seconds it takes to perform an EMV transaction, and when Cayan did it concluded that EMV is forcing U.S. consumers as a whole to spend years in extra time at the register.

EMV 61

EMV Transactions Consumer Technology Risk 61

Payments Source

MARCH 30, 2016

Peer-to-peer lending startup Ledge incorporates on millennial staples like social networking and open development to get on its feet while relying on a road paved by the financial services 'establishment' to go mainstream.

Payments 65

Payments Technology Risk Risk Technology 65

Payments Source

MARCH 22, 2016

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

EMV 65

EMV CHIPS Security Payments 65

Payments Source

AUGUST 15, 2016

The early morning exercisers who stop at Thrive Café in Loves Park, Ill. may be drenched in sweat and dressed in outfits devoid of any pockets, but they can still pay for their post-workout refreshments without a wallet or phone.

Payments 60

Payments Posting Technology Risk Risk 60

Payments Source

JUNE 1, 2016

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

SWIFT 60

SWIFT Breach Technology Risk Risk 60

Payments Source

AUGUST 23, 2016

There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season.

EMV 64

EMV Issuers Technology Risk Acquirers 64

Payments Source

MARCH 7, 2016

The idea of banks becoming Token Service Providers (TSPs) is an increasingly relevant move.

Service Provider 71

Service Provider Technology Risk Acquirers Risk 71

PYMNTS

JANUARY 21, 2019

Environmental concerns will also be a top topic of conversation at the forum this year, as 2019 markets the the third year that extreme weather events topped WEF’s annual global risk survey , followed by the related challenges of failed climate change mitigation and natural catastrophes.

Void 69

Void Government Governance Shutdown 69