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. The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

NOVEMBER 25, 2024

However, a pressing issue demands our collective attention: the de-risking practices that are inadvertently crippling legitimate money service businesses (MSBs) and empowering black-market alternatives. The PSR, tasked with promoting competition and innovation, has a statutory responsibility to ensure fair access to payment systems.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Fintech News

FEBRUARY 8, 2024

However, the transition towards digital-first business models also demands a nuanced understanding of the global regulatory and cultural landscape. The technological transformation also necessitates a robust focus on training and upskilling, with the rapid evolution of technology demanding that the workforce not only adapts but thrives.

APACS 113

APACS Assessments Finance Blockchain 113

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. This is especially important as consumers demand more clarity and accountability from financial service providers.

Payment APIs and Integration 62

Payment APIs and Integration Fraud Prevention Consumer Protection API 62

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 Fraud Prevention Risk Assessment Due Diligence 88

The Finance Weekly

DECEMBER 12, 2021

It's the most reliable way to get to the heart of your company's data demands and devise a strategy for the future. 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.

Use Case 227

Use Case Privacy Assessments Returns 227

FloQast

APRIL 30, 2024

The demand for robust compliance frameworks has never been higher, driven by a combination of industry-specific requirements, regulatory changes, and the escalating risk landscape. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Turns out, you’re not alone. Audit Pain and Expense : I hear you.

Compliance 105

Compliance Addressing Audit Risk 105

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

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. It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

The Payments Association

JANUARY 13, 2025

It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. This will also include verifying the legitimacy of assets, auditing their technical infrastructure, and assessing market risks simultaneously. Why is it important?

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Stax

DECEMBER 12, 2024

They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Mobile payment solutions.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

PYMNTS

DECEMBER 18, 2020

In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.". CVC" stands for "convertible virtual currency" – a category of digital products that can serve as currency. Bitcoin is a popular example.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

The Payments Association

NOVEMBER 12, 2024

This urgency often leads organisations to choose vendors who claim to deploy solutions swiftly to meet compliance demands. Armstrong emphasises that compliance officers need to address any information asymmetries that might exist. However, Armstrong warns that this desire for bespoke solutions can lead to miscalculation. “I

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

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. On-Demand Insurance Another innovation is on-demand insurance, which allows customers to purchase coverage when needed.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech News

NOVEMBER 6, 2024

Brankas’ platform addresses key compliance requirements such as API standardization, authentication, and encryption. The integration of ADVANCE.AI’s technology provides features such as real-time identity verification, fraud detection, and risk assessments, which help financial institutions meet regulatory demands securely.

Compliance 106

Compliance Payment APIs and Integration Fraud Detection Risk Assessment 106

Finovate

JANUARY 15, 2025

The chill has been taken out of the industry as investors regain confidence, new startups can launch with less risk, and established players are doubling down on new technologies to meet evolving customer demands. From fresh AI applications to the new uses for embedded finance, fintech is experiencing a renewed momentum.

Embedded Finance 52

Embedded Finance FinTech Payment APIs and Integration AI 52

The Payments Association

JANUARY 13, 2025

The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. While these measures seek to address key risks, such as fund shortfalls during insolvency and delays in fund distributions, they also bring increased regulatory burdens and operational complexities.

Compliance 88

Compliance Audit Legal Reconciliation 88

The Payments Association

MARCH 18, 2025

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. By combining payment flows with broader financial datasuch as rental history, savings patterns, and income variabilitylenders can offer dynamic, real-time credit assessments.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JUNE 26, 2024

“It’s why INSHUR has developed insurance products that are embedded into our partners’ platforms to remove the friction when onboarding new on-demand drivers and providing them with fair and suitable cover. This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI).

Addressing 64

Addressing FinTech Boot Camp Finance 64

The Payments Association

MARCH 17, 2025

UK payments firms are grappling with a critical question: What level of risk is acceptable in a market that demands both innovation and resilience? Secondly, developing a tailored conduct risk framework allows firms to address specific risks in their business and prepare for the eventualityto fail to prepare is to prepare to fail.

Regulations 88

Regulations Risk Stablecoins Payments 88

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

PYMNTS

SEPTEMBER 29, 2017

When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help. But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

The Payments Association

MARCH 25, 2025

Strict compliance with FCA, PSD2, and PCI DSS protects consumers and combats financial crime, but implementation demands resources and adaptation. AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. One challenge lies in potential biases within AI models.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

M2P Fintech

APRIL 10, 2025

This rising demand for LAMF reflects a valuable opportunity for lenders, driven by a streamlined and rapid application process that attracts a growing borrower base. That said, LAMF is a comprehensive financial solution that elegantly balances the demand for short-term liquidity with the goal of long-term investment growth.

Mitigation 52

Mitigation Regulatory Compliance Compliance Risk 52

The Payments Association

MAY 3, 2025

To meet this demand, OpenPayd has expanded its licensing infrastructure to include virtual asset service provider (VASP) capabilities. Firms must build resilience, align with evolving regulations, and invest in practical innovation to stay competitive in a volatile landscape. Off-the-shelf datasets lack the necessary nuance.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Fintech News

MAY 20, 2024

The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

VISTA InfoSec

SEPTEMBER 25, 2024

Some of the most significant benefits include: Scalability: Companies can scale their contact center operations up or down based on demand without requiring extensive infrastructure investments. Scalability and Flexibility: Confirm that the platform can grow with your business and adapt to changing demands.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

VISTA InfoSec

OCTOBER 21, 2024

Some of the most significant benefits include: Scalability: Companies can scale their contact center operations up or down based on demand without requiring extensive infrastructure investments. Scalability and Flexibility: Confirm that the platform can grow with your business and adapt to changing demands.

Cybersecurity 130

Cybersecurity CRM Disaster Recovery Encryption 130

Fintech News

APRIL 7, 2024

Examples include verifying the user’s personally identifiable information (PII), assessing the age and reputation of the user’s email and phone number, verifying their location via IP address, and evaluating the trustworthiness of the device to assess the user risk level. ” says Wells.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

Fintech News

JUNE 5, 2024

This growth is not just a result of increasing demand and shifting market dynamics, but a direct consequence of the transformative impact of advanced financial technology (fintech) on the sector. In the financial sector alone, the global outsourcing market is projected to reach a value of US$68.8 billion by 2030.

FinTech 109

FinTech Mitigation Risk On-Demand 109

The Finance Weekly

DECEMBER 5, 2023

As 2024 approaches, CFOs need to assess their 2023 achievements and plan for the coming year. There's a significant demand for individuals proficient in data analysis, forecasting, and the associated technologies. Address the Talent Gap In today's evolving world and workplace, the finance function requires a new set of skills.

Returns 130

Returns Finance Assessments AI 130

FloQast

JANUARY 17, 2024

The reform effort is often described as ‘UK SOX’ ,a reference to the US’ Sarbanes-Oxley Act – SOX Act – which was implemented in 2002 to address a series of high profile financial scandals and control failures. New disclosure requirements to address investor concerns about director over-boarding.

Governance 102

Governance Government AAP Audit 102

VISTA InfoSec

SEPTEMBER 5, 2024

In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. The list of cyber security examples entails adopting comprehensive data protection strategies, ensuring network security, and staying compliant with regulations established by organizations such as NIST.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

In contrast, ransomware specifically targets the availability of data by encrypting files and demanding payment for their release. The list of cyber security examples entails adopting comprehensive data protection strategies, ensuring network security, and staying compliant with regulations established by organizations such as NIST.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

NOVEMBER 27, 2019

Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. There are a few major pain points in corporate cross-border payments today, Halpin explained, which are greatly addressed with faster and real-time payment networks.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 117

Risk Management Risk AI Use Case 117

Fintech News

JANUARY 16, 2024

In 2024, the banking sector is witnessing a pivotal transformation driven by advanced technologies like AI and cloud computing, evolving customer demands, and changing regulatory landscapes. Banks must assess their readiness to address interest rate-related risks and potential economic challenges.

AI 117

AI Risk Non-Bank On-Demand 117