VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

The Fintech Times

AUGUST 13, 2024

Through the new partnership, PwC UK and Cockroach Labs will offer end-to-end comprehensive solutions to banks and financial service institutions trying to ensure compliance and keep up with evolving regulatory complexities and impending mandates around operational resiliency, business continuity, and data sovereignty.

Compliance 64

Compliance Risk Database Due Diligence 64

Stax

AUGUST 22, 2024

Understanding, addressing, and managing them is crucial for maintaining business operations while ensuring safe payment processing for clients. Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

DECEMBER 29, 2020

With it, financial institutions need to strengthen their compliance to mitigate the risk of running afoul of the law. Moving beyond what he called the “crude, imprecise and blatantly inaccurate” use of IP addresses for determining location is critical, especially when it involves the verification of data. The Geolocation Opportunity.

AML 108

AML Money Laundering Compliance Law Enforcement 108

Fintech News

MAY 20, 2024

The COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities.

FinTech 136

FinTech Embedded Finance BNPL On-Demand 136

Fintech News

FEBRUARY 15, 2024

This digital shift is not merely a matter of convenience but has emerged as a lifeline for many businesses, especially highlighted during the stringent conditions imposed by the COVID-19 pandemic. The fear of fraud is a significant barrier, with nearly four in ten SMEs prioritising data security to mitigate these risks.

Cross-Border 111

Cross-Border Cross-Border Payments Visa Payments 111

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. Real-time reporting enables insurers to address compliance concerns promptly, minimizing the impact on operations.

AI 102

AI Process Fraud Detection Compliance 102

Segpay

MAY 1, 2024

The Act aims to ensure digital services’ continuity, security, and stability, particularly in critical sectors such as finance, by addressing various operational risks, such as cyber threats, system failures, and operational disruptions. A risk-based testing approach is required to detect and address potential ICT disruptions.

Cybersecurity 52

Cybersecurity Compliance Procedures Consumer Protection 52

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The FCA has stressed that these reforms are critical to addressing widespread weaknesses in safeguarding practices, which have led to significant consumer harm.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

JANUARY 26, 2021

In this way, automation tools can identify patterns of spend behavior that perhaps went unnoticed by human examination, while risk analysis technology can arm managers with actionable insight to help guide leaders in the enterprise in knowing whether they need to step in and address an issue.

Audit 75

Audit Continuity Automation Risk 75

PYMNTS

APRIL 9, 2020

However, an organization can still prepare itself to mitigate the impact of the potential disaster by having dedicated teams and services in place to see it through the tough times. However, when talking with my own leadership team and addressing my organization as a whole, I like to adjust the saying to “preparation is 9/10 of the law.”

Laws 63

Laws Mitigation Adjustments Technology 63

PYMNTS

JULY 17, 2020

Although parents are largely still working from home, their need for childcare remains intact — and with many childcare centers still unable to fully open due to social distancing requirements, this industry has faced its own unique challenges to ensure business continuity without compromising quality of care.

Payroll 64

Payroll Direct Deposit Automation Contactless Payments 64

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Nanonets

SEPTEMBER 23, 2023

Here are some key tips to ensure your  business offer letter  stands out: Personalized approach:  Tailor your offer letter to the specific needs and requirements of the client. Address their pain points and demonstrate how your solution can solve their challenges.

Gateways 52

Gateways RFP Value Added Service Compliance 52

The Fintech Times

JUNE 13, 2024

Don Valentine , commercial director at Absoft , the business building solutions provider, advocates for a different approach – one that mitigates risk, accelerates migration, and ensures rapid access to high-quality transaction level data. Any concerns about data quality or system obsolescence should be addressed early on.

Due Diligence 59

Due Diligence Compromise Process Agreements 59

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

PYMNTS

JANUARY 13, 2017

Though the companies have since worked to address the vulnerabilities and mitigate ongoing risk, Digital Shadows CTO and cofounder James Chappell told PYMNTS that the threat is just an indication of what’s to come in the world of cybercrime. Ransomware is not going away in 2017; it’s very much here to stay,” he added.

ATM 46

ATM Cybersecurity Ransomware Compromise 46

Nanonets

APRIL 5, 2023

To mitigate these challenges, businesses should take a strategic approach to IPA implementation, including identifying the right use cases, building a solid data foundation, and investing in the necessary talent and technology. IPA can enable proactive customer service, by predicting and addressing issues before they arise.

Automation 98

Automation Process AI Fraud Detection 98

Nanonets

SEPTEMBER 29, 2023

  Common Challenges in Tracking Payments One of the key areas that often presents difficulties is payment tracking, especially for startups or new businesses that may have several priorities to juggle at once. Scalable: As your business continues to grow, manual payment management becomes increasingly challenging to scale.

Payments 52

Payments Reconciliation Automation ACH 52

Nanonets

APRIL 19, 2024

Implementing robust controls and monitoring mechanisms is essential to mitigate the risk of fraud or misappropriation. Despite these challenges, businesses can overcome them by implementing effective petty cash management practices and leveraging technology solutions to streamline the reconciliation process.

Best Practices 52

Best Practices Reconciliation Automation Procedures 52

EBizCharge

JUNE 4, 2024

Known for its adaptability, the platform allows businesses to tailor their functionalities to their specific industry needs and to scale up as they grow. Because it’s cloud-based, Acumatica provides real-time access to business data from any location, facilitating remote work and business continuity.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

PYMNTS

SEPTEMBER 23, 2019

As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments. Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

Nanonets

FEBRUARY 28, 2024

Resolution : Identified discrepancies are then addressed through a series of corrective actions aimed at harmonizing the data. This meticulous scrutiny significantly boosts data quality, mitigating the risks associated with basing decisions on flawed information.

Reconciliation 52

Reconciliation Process Audit Compliance 52

Nanonets

SEPTEMBER 22, 2023

By implementing  vendor management solutions , organizations can optimize their procurement process, make informed decisions based on vendor performance data, improve communication and collaboration, and mitigate risks associated with manual processes.

Automation 52

Automation Compliance Process Risk 52

Seon

MAY 23, 2024

Instead of implementing a comprehensive strategy, businesses often resort to piecemeal tech stacks to address each specific aspect of fraud detection – and frequently, the various puzzle pieces employ outdated technologies that make management a nightmare. Take proactive steps to ensure business continuity.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Requirements related to business continuity and disaster recovery have also been included for the first time. Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

SEPTEMBER 21, 2023

By implementing EDI payment solutions, businesses can streamline their payment processes and improve overall efficiency. Streamlining with EDI Payment Solutions As businesses continue to seek ways to optimize their operations, the adoption of electronic data interchange (EDI) payment solutions has become increasingly popular.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

EBizCharge

MAY 14, 2024

This can mitigate and eliminate payment discrepancies and reconciliation issues, saving businesses time and resources. Fill in the required details such as the payment amount, description, customer name, email address, and preferred payment method. Select “Send Payment Link”.

Payments 52

Payments Encryption Security Accounts 52

Nanonets

SEPTEMBER 21, 2023

Successful ERP Implementation for Small Business A successful ERP implementation for small businesses involves a well-defined process, starting with setting clear objectives, engaging all stakeholders, providing comprehensive training and support, and continually improving the system as the business evolves.

Small Business 40

Small Business Automation Risk Process 40

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Banks may also refuse merchants based on the type of business they run. transaction laundering).

AI 111

AI Privacy Non-Bank Fraud Detection 111

CB Insights

JUNE 17, 2020

In addition to ensuring continuity of medical care for residents, communication and addressing loneliness have become equally critical. Since the onset of the pandemic, many governments and local authorities have implemented chatbots to help address dramatic increases in demand for support services.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

The Fintech Times

JANUARY 11, 2025

“This will clearly take more than a few days, but as many of you will know, regulators are often appeased when they see a mitigation plan is in action and steps are being taken to ensure compliance. Seek help from external experts if you have any questions.

Checks 59

Checks Compliance Risk Breach 59

The Payments Association

MAY 19, 2025

Butand it is a big butseveral issues must be addressed." From a strategic perspective, the UK government aims to balance innovation with risk mitigation, ensuring the country remains globally competitive while reinforcing its reputation as a safe, credible jurisdiction for digital financial services.

Compliance 88

Compliance Regulations Stablecoins Payments 88