FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

PYMNTS

MARCH 10, 2020

Inaccurate and slow credit risk assessment for [small- to medium-sized business (SMB)] commercial loan requests is one of the major reasons that over 50 [percent] of loans are currently declined by financial institutions (FIs),” said Roger Vincent, chief innovation officer at Trade Ledger.

Risk Assessment 52

Risk Assessment Assessments Risk Underwriting 52

Fintech News

JUNE 12, 2025

These developments were the focus of a recent webinar, “ Strengthening Your Crypto Compliance Program: Addressing AML and OJK Requirements ,” part of the Indonesia Crypto Literacy Program. This continuous risk assessment helps flag suspicious patterns before they become compliance incidents. It’s your credibility.

Compliance 115

Compliance Travel Rule Risk Due Diligence 115

The Payments Association

NOVEMBER 25, 2024

MSB de-risking as a systemic risk: Insights from the UK National Risk Assessment The UK National Risk Assessment (NRA) has identified the de-risking of MSBs as a systemic risk. Open dialogue can dispel misconceptions and build mutual understanding of risk management.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

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. One common pitfall is the reliance on manual processes or fragmented technology solutions for managing compliance efforts.

Compliance 105

Compliance Addressing Audit Risk 105

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

Finextra

JUNE 6, 2025

However, as the industry flourishes, so inevitably do the risks ranging from fraud to late payments. PayPal’s BNPL solution, Pay in 4, incorporates sophisticated fraud prevention technology and machine learning models to assess creditworthiness quickly. Further the global market is forecast to grow at a CAGR of 10.2%

BNPL 52

BNPL Technology Payment APIs and Integration AI 52

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Review

JUNE 12, 2024

The insurance industry is undergoing a significant transformation driven by technological advancements. Insurtech, a term blending ‘insurance’ and ‘technology,’ is revolutionising traditional insurance models. Traditional risk assessment methods rely on historical data and generalised assumptions.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Fintech News

NOVEMBER 6, 2024

The announcement was made at the Singapore Fintech Festival 2024 (SFF 2024) , where Brankas unveiled the platform that integrates its API suite with ADVANCE.AI’s electronic Know Your Customer (eKYC) technology. Brankas’ platform addresses key compliance requirements such as API standardization, authentication, and encryption.

Compliance 104

Compliance Payment APIs and Integration Fraud Detection Risk Assessment 104

VISTA InfoSec

OCTOBER 7, 2024

Technology is always brimming with advancements, and it is more prominent in the financial sector. Due to the advancement of technology, there is always stiff competition among organizations serving in the same sector, and this also applies to financial entities. What you need to know about DORA?

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Fintech Review

MARCH 25, 2025

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. Transparency and risk management are critical to supporting institutional engagement in tokenized finance.”

Risk 52

Risk Assessments Risk Management Blockchain 52

Fintech Review

APRIL 3, 2025

Dynamic Risk Management : Trades are supported by automation tools, including stop-loss mechanisms and dynamic leverage adjustments based on real-time risk assessments. Customized Trading Portfolios : Portfolios are tailored to the specific financial objectives and risk tolerance levels of HNWIs.

AI 52

AI Risk Management Risk Assessment Assessments 52

Fintech News

FEBRUARY 10, 2025

The financial services industry has consistently led the way in embracing technological advancements, with Generative AI (GenAI) emerging as a transformative force in recent years. GenAI has contributed significantly to analysing vast datasets and enhancing customer interactions through chatbots and personalised services.

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

The Payments Association

JUNE 11, 2025

Understanding and addressing the complex fraud ecosystem is now essential for UK platforms operating in an increasingly hostile digital environment. Navigating evolving regulatory requirements, leveraging advanced detection technologies, and implementing scalable strategies for managing merchant risk have become critical capabilities.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

VISTA InfoSec

MARCH 6, 2024

Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Aligning periodic reviews with the organization’s risk profile. Changes Core Requirement Systems must be time-synchronized using a reliable technology. assessment.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Fintech Review

MAY 7, 2024

These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation. Risk Assessment and Management Machine learning is fundamentally transforming the landscape of risk assessment and management within the financial sector.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

FloQast

MAY 9, 2024

However, these programs face a barrage of challenges, from manual processes to fragmented technologies, undermining their effectiveness. However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

FICO

MARCH 6, 2020

In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management. Which use cases do you address? Our KYC solution supports real-time customer risk classification including UBO and PEP identification. Why is it so hard?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. July 2024: CB Payments Limited (Coinbase UK)3.5

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

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. ” The panelists will consider the opportunity available in payments, as well as regulatory concerns and risk.

Embedded Finance 52

Embedded Finance FinTech Payment APIs and Integration AI 52

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. It includes NLP-based OCR, selfie verification with liveliness checks, and device intelligence. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

PYMNTS

SEPTEMBER 29, 2017

“Managing liquidity and credit risk are definitely of main concern to FIs. However, interest rates, FX, commodity and derivatives risk, as well as operational risk, should not be disregarded.”. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

The Payments Association

MARCH 25, 2025

AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. While automation significantly reduces labour-intensive tasks, human insight remains invaluable for decision-making and addressing nuanced cases. Another concern is over-reliance on AI systems.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

PYMNTS

SEPTEMBER 19, 2017

But nimble FinTechs have been able to move much faster to address that compared to their lumbering legacy competitors, and that has often left traditional banks to watch as merchants turned to the FinTechs instead. The merchant has to demonstrate why they need the terminal and submit to a risk assessment process.

Point-of-Sale (POS) 70

Point-of-Sale (POS) Risk Assessment FinTech Assessments 70

Fintech News

MARCH 3, 2024

Cindy, who brings over three decades of experience in the compliance sector, will spearhead the company’s efforts in regulatory compliance, policy formulation and execution, risk assessment, and business advisory to support FOMO Group’s expanding operations. She has previously served as the Chief Control Officer at Bank J.

Compliance 107

Compliance AML Money Laundering Risk Assessment 107

The Fintech Times

JANUARY 28, 2025

It’s about touching lives, addressing some of the world’s greatest injustices, and leveraging technology for the greater good. This can help address the difference in gender response to job applications and level the playing field for applicants. Simply put, they have the capability; they lack the courage.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

FICO

MARCH 8, 2021

The FICO® Safe Driving Score leverages telematics data from driver smartphones to assess risky behaviors. This data is used by the Mentor by eDriving SM smartphone app, which prescribes in-app training modules and manager coaching designed to address identified areas of risk, to help improve a driver’s score and reduce risk.

Risk 98

Risk Risk Assessment Assessments Risk Management 98

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 107

Money Laundering Risk Law Enforcement Crime 107

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. To counter these threats, Sumsub has upgraded its Fraud Prevention Solution with advanced anti-fraud technologies.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107

PYMNTS

APRIL 28, 2019

Set up in 2016 by companies including Google, Microsoft, Amazon and Facebook, The Partnership on AI released a report that stated algorithmic risk assessment tools cannot properly provide the right level of transparency and accountability. This report documents the serious shortcomings of risk assessment tools in the U.S.

Law Enforcement 58

Law Enforcement Laws Risk Assessment AI 58

PYMNTS

OCTOBER 9, 2020

We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk,” Eclypsium CEO Yuriy Bulygin said in an announcement. “We Zira Technologies , a workplace management technology platform, has notched $3.1 Canada, India and Mexico can access Zira’s technologies.

Automation 107

Automation Compliance Audit Cybersecurity 107

Fintech Review

FEBRUARY 13, 2024

With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105

Fintech Review

FEBRUARY 6, 2025

Operational efficiency with AI-powered risk assessment designed to reduce false positives and associated costs. Financial institutions use Feedzais technology to manage risk and compliance processes, with the platform designed to help safeguard transactions while supporting customer privacy and experience.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

Fintech Finance

AUGUST 2, 2024

AI-Powered Enhancements ComplyTek employs sophisticated AI technologies to enhance its transaction monitoring solutions significantly: Live Execution Monitoring: ScanTek machine learning and statistical algorithms, identifies fraud in real time by suggesting intelligent risk rules and providing transaction fraud scores.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Fintech News

OCTOBER 23, 2024

Seamless omnichannel experience is valued by shoppers of any age, notes Forbes Technology Council. OpenWay , a payment technology provider, has collected insights from omnichannel players that use its Way4 acquiring software platform – Nexi, Shift4, Halyk Bank, SmartPay, Banesco, Equity Bank Kenya, and others.

Acquirers 118

Acquirers C2B Online and Mobile Banking Risk Assessment 118

VISTA InfoSec

JULY 31, 2023

By following the steps outlined in the checklist, businesses can take a comprehensive approach to security measures and access controls, and respond to new threats posed by technological advancements. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Risk Assessment 130