The Payments Association

FEBRUARY 10, 2025

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks. Financial regulators are intensifying scrutiny, highlighting gaps that PSPs must urgently address. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 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

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 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

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

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

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

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

VISTA InfoSec

JUNE 19, 2024

Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them. Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively.

Risk 277

Risk Ransomware Phishing MFA 277

The Payments Association

JUNE 16, 2025

It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. With increasing attack vectors, organisations need proper software solutions and visibility to mitigate risk effectively.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

FloQast

APRIL 30, 2024

At their core, compliance programs are tasked with identifying and mitigating risks that could cripple organizations, from financial irregularities to data breaches. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. You’re probably seething reading the above (I know I am).

Compliance 105

Compliance Addressing Audit Risk 105

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

Stax

JUNE 24, 2025

These fees include interchange fees, assessment fees, and processing fees. Assessment fees Assessment fees are charges imposed by the card networks (Visa, Mastercard, American Express, Discover) to support their operations, including marketing, network maintenance, and the development of new technologies.

Credit Cards 88

Credit Cards Process Processors Laws 88

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. However, ethical implementation and regulatory oversight remain critical to ensuring its benefits are maximised while mitigating risks.

AI 84

AI FinTech Fraud Detection Fraud Prevention 84

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 59

PCI DSS Compliance MFA Assessments 59

Neopay

DECEMBER 4, 2024

Addressing these issues effectively requires organisations to share personal information responsibly, ensuring compliance with data protection laws while prioritising public safety. For scams and fraud prevention, legitimate interests often apply, requiring a robust three-part legitimate interests assessment (LI assessment).

Scams 52

Scams Fraud Prevention Laws Assessments 52

VISTA InfoSec

OCTOBER 7, 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

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

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

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. 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

FloQast

JANUARY 22, 2025

Comprehensive Gap Assessment One of the first steps was analyzing our existing controls through the lens of ISO 42001s requirements. We identified areas needing improvement, prioritized them, and allocated resources to address gaps. This measured approach not only mitigates risks, but also unlocks new possibilities for our customers.

ISOs 105

ISOs AI Accounts Audit 105

The Fintech Times

MARCH 31, 2025

So we are delighted to support smaller companies as well as larger corporates with this innovative AI driven insurance product, creating pricing mitigations that were previously only available to multinationals and speculators through hedging strategies.

Risk 64

Risk AI Underwriting Gateways 64

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

VISTA InfoSec

APRIL 28, 2024

offers essential guidelines and a framework to safeguard cardholders’ data and mitigate any potential data breaches that may occur in banks. Creating and maintaining a policy that addresses information security for all personnel. The Payment Card Industry Data Security Standard (PCI DSS) compliance 4.0 5/5 - (2 votes)

PCI DSS 130

PCI DSS Compliance Assessments Data Breach 130

The Payments Association

JUNE 16, 2025

It highlights major trade-offs in security, privacy, and policy that must be addressed before offline CBDC payments can scale. More complex risks, like counterfeiting and double spending, also need to be addressed to build trust. Retailers and service providers may favour synchronous models to mitigate payment disputes.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. Firms must proactively review their terms of service and dispute resolution mechanisms to mitigate potential liabilities. Why is it important? What’s next?

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It helps the organization systematically address potential vulnerabilities and enhance cyber resilience. This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Fintech Review

APRIL 3, 2025

William Rieke, whose background includes financial modeling and automation, added, We are applying AI not only to assess sentiment and trends but also to refine execution strategies in real time. We focus on structured risk management and long-term strategy to address this challenge.

AI 52

AI Risk Management Risk Assessment Assessments 52

M2P Fintech

APRIL 10, 2025

Supported by robust mutual fund collateral, LAMF enables financial institutions to extend lower interest rates to borrowers while significantly mitigating their own risk exposure. Addressing Key Obstacles in LAMF Despite its benefits, the LAMF as a sector grapples with significant hurdles.

Mitigation 52

Mitigation Regulatory Compliance Compliance Automation 52

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 113

Third Party Vendors Cybersecurity Mitigation Encryption 113

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. These systems enhance our security framework and ensure smooth, uninterrupted customer service.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136