VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. Assess the environment by identifying where and how cardholder data is stored, processed, or transmitted within your business operations. of PCI DSS. of PCI DSS. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech Weekly

DECEMBER 6, 2023

For instance, many discussions around emerging payment technologies ease assessment across various PCI standards, as well as conversations about the challenges businesses and assessors face in implementing ongoing changes to the standards regarding the auditing of systems.

PCI DSS 147

PCI DSS Addressing Audit Data Security 147

Fintech Finance

DECEMBER 10, 2024

The Trustfull platform addresses these challenges by offering open-source intelligence insights and real-time analysis on user contact details and location, enabling BNPL businesses to accurately differentiate between legitimate customers and high-risk applicants.

Fraud Prevention 97

Fraud Prevention BNPL Addressing Compromise 97

Fintech News

MAY 8, 2024

Deputy Prime Minister and Minister for Finance and Chairman of Monetary Authority of Singapore (MAS) Lawrence Wong, addressed the regulatory aftermath of the Terraform Labs’ collapse in a parliamentary session yesterday (8 May 2024).

Addressing 117

Addressing Stablecoins Monetary Loss Cryptocurrency 117

Fintech News

JULY 9, 2024

This project seeks to address existing data gaps and improve policymakers’ ability to track trends and shifts within GVCs. Project Insight aims to create a comprehensive GVC monitor to assist central banks, policymakers, and international organizations in assessing critical developments and their economic and financial impacts.

Addressing 116

Addressing Central Bank Settlement Authorization 116

Open Banking Excellence

FEBRUARY 6, 2025

We assess a whole end-to-end process and look to remove all the pain points to streamline that journey, effectively reducing any friction and drastically cutting the time it would take to perform these tasks. Address: 8th Floor, Kamar Business Centre, 2 Vazgen Sargsyan Street, Yerevan 0010, Armenia Email: enquiries.yerevan@fcdo.gov.uk

Governance 230

Governance Government Interoperability Central Bank 230

Fintech Review

NOVEMBER 27, 2024

Alternative Credit Scoring Models Fintech companies use data beyond traditional credit scores, such as transaction histories, online reviews, and even social media presence, to assess risk. Tala assesses creditworthiness through smartphone data, while Kiva uses peer-to-peer lending to connect small businesses with global investors.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Financial regulators are intensifying scrutiny, highlighting gaps that PSPs must urgently address. What’s next? This leads to inadequate due diligence.

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech News

OCTOBER 27, 2024

The framework specifically addresses phishing scams with a clear connection to Singapore, targeting scams where perpetrators impersonate local or international entities serving Singapore residents. Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious.

Phishing 135

Phishing Scams Blocks Authorization 135

Clearly Payments

JANUARY 15, 2025

Assessment Fees What It Is: Charged by the card networks (Visa, Mastercard, etc.) Processor Markup What It Is: The payment processors own cost on top of interchange and assessment fees. Address Verification Service (AVS) Fees What It Is: AVS is an extra layer of fraud protection that checks the billing address entered by the customer.

Process 105

Process Processors Gateways Push-to-Card 105

Fintech Finance

MARCH 25, 2025

Although Vietnam’s digital finance market has seen rapid growth over the last few years, many consumers still struggle to access secure and high-quality financial services due to ineffective risk assessment systems.

Risk Assessment 97

Risk Assessment Risk Management BNPL Best Practices 97

Fintech News

FEBRUARY 8, 2024

Only 60 percent of respondents believe their companies are well-prepared for the emergence of new technologies, indicating a significant gap in readiness that must be addressed through comprehensive training and development programs. Assessing Digital Preparedness in Finance appeared first on Fintech Singapore.

APACS 113

APACS Assessments Finance Blockchain 113

VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. Choose platforms that provide regular security updates and patches to address emerging vulnerabilities.

Risk 277

Risk Ransomware Phishing MFA 277

Fintech News

MARCH 6, 2025

Paul Hadjy The collaboration with AWS represents a pivotal step in our mission to support partners and customers across Asia-Pacific in addressing a wider array of cybersecurity challenges, including misconfiguration and vulnerability detection, governance, and compliance within hybrid and multi-cloud operations, amidst an expanding attack surface.

ISVS 101

ISVS Security Cybersecurity Best Practices 101

The Payments Association

NOVEMBER 25, 2024

Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Fintech News

NOVEMBER 27, 2024

This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime 88

Crime Risk Assessment Fraud Prevention Due Diligence 88

Clearly Payments

NOVEMBER 13, 2024

Companies can analyze BIN data to track transaction patterns, better understand customer demographics, and assess risk in different regions or among various card types. This information helps payment processors and merchants verify transactions, assess risk, and streamline payment workflows for secure and reliable transactions.

Process 104

Process Processors Payments Compliance 104

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

FloQast

APRIL 30, 2024

Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Conclusion: A Call to Action The challenges outlined above underscore the urgent need for organizations to address the pressures facing their compliance programs. You’re probably seething reading the above (I know I am).

Compliance 105

Compliance Addressing Audit Risk 105

Fintech Finance

JANUARY 2, 2025

EMVCo Security Evaluations provide a common methodology to assess whether chip and software-based vand solutions meet EMV Specifications, requirements and guidelines for security*. For almost 20 years, EMVCos robust security evaluation processes have been integral in promoting trust and enabling more secure payment experiences.

Accreditation 98

Accreditation ISOs EMV Cybersecurity 98

The Fintech Times

DECEMBER 9, 2024

The tech giant argues that the move, which the CFPB says is aimed at addressing potential consumer risks, constitutes regulatory overreach. The agency began using its dormant oversight powers after a 2022 assessment found gaps in its supervisory programme. the companys payment arm, under federal supervision.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

PCI Security Standards

JULY 10, 2024

The PCI Data Security Standard (PCI DSS) has long included requirements for external vulnerability scans conducted by PCI Approved Scanning Vendors (ASVs), and these requirements have also been included in prior versions of some Self-Assessment Questionnaires (SAQs). For PCI DSS v4.x,

PCI DSS 134

PCI DSS Breach Assessments Data Security 134

Stax

APRIL 8, 2025

Interchange and assessment fees are set by card networks and are non-negotiable. Assessment fees Assessment fees go to the payment network or the credit card network. In the previous example, Mastercard retains the assessment fee from the overall credit card processing fee. This helps the processor recoup lost revenue.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Finextra

APRIL 2, 2025

Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and Nasdaq (Nasdaq: NDAQ) today announced that Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC), a SaaS platform that supports an open ecosystem where specialized model partners make their models, (..)

Acquirers 52

Acquirers Risk Assessments Addressing 52

The Payments Association

APRIL 23, 2025

To address the money mule problem, organisations must combine elements of fraud prevention, cyber threat intelligence, and anti-money laundering capabilities. Is AML a real-time problem? The answer seems to be no at first glance. Prepare your data for supervised ML.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

Fi911

MAY 22, 2025

Following the landmark revisions introduced by PSD2, this new update is poised to address lingering challenges while adapting to the rapidly evolving financial and technological landscapes. By addressing the challenges of PSD2 and adapting to the needs of todays financial ecosystem, PSD3 will reshape the payments landscape for the better.

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

VISTA InfoSec

MARCH 13, 2025

Regular monitoring and testing of networks: Performing routine security assessments. 4.0 , was released on March 31, 2022, introducing enhanced security measures to address evolving cyber threats. Maintaining an information security policy: Establishing a documented security strategy. The latest version PCI DSS v.4.0

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech Finance

APRIL 3, 2025

This will enable the PSR to assess the impact and effectiveness of these changes and help to shape decisions on future regulatory interventions, if any are necessary. This will enable the PSR to assess the impact and effectiveness of these changes and help to shape decisions on future regulatory interventions, if any are necessary.

Process 59

Process Consulting Visa Acquirers 59

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). This ensures that systems can withstand and recover from disruptions.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

The Payments Association

DECEMBER 9, 2024

Generative AI also addresses training challenges for AI models. Moreover, synthetic data can address issues of data bias, as generative AI can create more balanced datasets that reflect a broader range of scenarios. Likewise, AI-generated speech samples enhance voice recognition, distinguishing genuine users from impersonators.

Privacy 88

Privacy Payment Security AI Security 88

Fi911

FEBRUARY 26, 2025

Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments. Conduct a PCI-DSS Gap Assessment: Identify deficiencies in your security posture compared to PCI-DSS requirements.

PCI DSS 54

PCI DSS Compliance MFA Assessments 54

Fintech News

FEBRUARY 10, 2025

It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive.

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

The Payments Association

DECEMBER 2, 2024

From safeguarding consumers against fraud to accelerating innovation in digital payments, regulators across the globe have introduced sweeping reforms aimed at addressing the challenges and opportunities of an increasingly digital and interconnected economy.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. Regularly patch and update software to address known vulnerabilities. Implement strong firewall configurations to prevent unauthorized access.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

The Finance Weekly

DECEMBER 12, 2021

Whatever use cases the company has established, the finance professional's job is to assess the financial effect and return on investment of possible data initiatives in relation to the company's strategic objectives. Implementation and change management: What obstacles must be addressed in order to properly implement the data strategy?

Use Case 227

Use Case Privacy Assessments Returns 227

Fintech Review

MARCH 25, 2025

The collaboration helped evaluate potential approaches for identifying and addressing operational challenges in digital finance, including monitoring for issues that may emerge throughout the lifecycle of digital assets. Transparency and risk management are critical to supporting institutional engagement in tokenized finance.”

Risk 52

Risk Assessments Risk Management Blockchain 52