Fintech News

FEBRUARY 21, 2024

This guidance is intended to supplement existing MAS notices and guidelines on technology risk management and cybersecurity.

Third Party Vendors 113

Third Party Vendors Cybersecurity Mitigation Encryption 113

The Finance Weekly

OCTOBER 15, 2023

CFO Uncertainties Using AI in financial operations comes with certain risks, which include: Data Security and Privacy: , Protect financial data through strong security measures to maintain trust and comply with regulations. Focus on increasing revenue first, as it's easier to measure, then focus on cost reduction and risk mitigation.

AI 130

AI Risk Data Security Automation 130

Fintech News

JUNE 23, 2024

Since the last assessment in 2014, Singapore has closely monitored ML risks, including those related to legal persons, virtual assets, and environmental crimes, to ensure timely risk mitigation. Other high-risk sectors include real estate, licensed trust companies, casinos, and precious metals.

Money Laundering 109

Money Laundering Risk Law Enforcement Crime 109

PYMNTS

DECEMBER 5, 2018

Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. Last week, the company announced a $30 million fundraise as it works to address this issue.

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

Fintech News

FEBRUARY 14, 2024

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).

Finance 127

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 127

Fintech News

JULY 24, 2024

Additionally, human error remains a significant risk factor; as systems become more complex, the potential for misconfigurations or operational mistakes increases. Addressing these factors requires a holistic approach encompassing technology, processes, and people to construct resilient financial infrastructures.

Finance 120

Finance Risk Mitigation Automation Disaster Recovery 120

Fintech Finance

MARCH 3, 2025

Antom EasySafePay: Seamless one-click checkout with 100% fraud protection for e-wallet payments Designed for fast, frictionless, and secure digital wallet transactions, Antom EasySafePay addresses long-standing pain points in digital payments by reducing payment failures due to redirection issues or long loading times.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

PYMNTS

JANUARY 22, 2019

Crowe is addressing this friction with the rollout of its Crowe Automated Reconciliation for Healthcare tool, providing hospitals a three-way match solution between their general ledgers, patient accounting systems and banking providers. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

Cash Management 73

Cash Management Reconciliation Risk Mitigation Automation 73

The Payments Association

MAY 16, 2025

Real-time payments built on non-final settlement logic create friction, and failure to address this will only magnify systemic vulnerabilities. Front-Loaded Risk Mitigation SWIFT advocates pre-transaction screening to prevent post-settlement disputes. Reconciliation anomalies that complicate compliance reporting.

ISO 20022 88

ISO 20022 Cross-Border Cross-Border Payments Settlement 88

FloQast

FEBRUARY 19, 2025

As a consultant in the risk mitigation and compliance space , I always strive to be my client’s advisor on their risk and compliance needs. Throughout the implementation, our conversations shifted from a task-oriented focus to a broader dialogue on addressing the risks inherent in their control environment.

Advisors 52

Advisors Compliance Risk Audit 52

M2P Fintech

APRIL 10, 2025

Addressing Key Obstacles in LAMF Despite its benefits, the LAMF as a sector grapples with significant hurdles. Credit Assessment: Assessing the credit line based on an approved list of securities is essential for determining borrower eligibility and for mitigating risks associated with lending against mutual funds.

Mitigation 52

Mitigation Regulatory Compliance Compliance Automation 52

PYMNTS

APRIL 9, 2019

. “But they’ve probably grown up separately because, traditionally, banks have looked at one as a financing opportunity or corporates looked at one as a monetization opportunity, and the other is pure risk mitigation. But I think, for a number of reasons, you start to see the two go more hand in hand.”

Finance 63

Finance Underwriting Risk Mitigation Mitigation 63

Fintech Finance

OCTOBER 11, 2024

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. Plans are in place to address the requirements and limitations contained in the consent orders, including adjustments to the Bank’s U.S.

AML 98

AML BSA Money Laundering Office of the Comptroller of the Currency 98

Fintech News

JUNE 5, 2024

In the IEOM award-winning paper titled “Reimagining the Management of Outsourcing Life Cycles in the Fintech Era for Financial Services,” Dr Thng, together with SMU Doctor of Engineering candidate, Tristan Lim, introduced a novel outsourcing life cycle management model tailored to address the unique nuances of financial services more effectively.

FinTech 109

FinTech Mitigation Risk On-Demand 109

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Yet this use of external products and services further expands the so-called “attack surface” that exposes a company to an array of risks. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

The Finance Weekly

AUGUST 26, 2023

It combines historical and current data with insights from , AI-driven Financial Planning and Analysis tools to forecast when external financing might be needed to address liquidity risk. AI offers continuous monitoring, streamlined reporting, and predictive analytics for overseeing cash across bank accounts.

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

PYMNTS

NOVEMBER 19, 2018

With “audience,” “purpose” and “actionable” as foundations of the Playbook, the team decided on key topic areas for inclusion, including faster payments opportunities, business strategy, risk mitigation and compliance and internal impacts.

NACHA 63

NACHA Faster Payments Risk Mitigation Payments 63

PYMNTS

OCTOBER 14, 2019

. “If you go a little deeper, into suppliers’ suppliers (Tier 2 and [Tier] 3 suppliers), then the risk increases.” ” Take the compliance risk, for example. That struggle to share information is among the largest barriers to supply chain risk mitigation, noted Vakil. ” Data Evolution.

Risk 53

Risk Risk Mitigation Innovation Mitigation 53

Nanonets

MAY 31, 2023

This empowers finance professionals to make informed decisions about budgeting, cash flow management, investment opportunities, and risk mitigation. Communicate the benefits of AI adoption to your finance team and address any concerns or resistance well ahead of the integration.

AI 122

AI Finance Fraud Detection Mitigation 122

PYMNTS

NOVEMBER 2, 2016

InAuth, the device authentication and intelligence company, and Early Warning, the real-time payments, authentication and risk mitigation company, announced Tuesday (Nov. The network addresses security concerns, interoperability problems and delays in funds availability common in today’s P2P services.

Zelle 62

Zelle Real Time Payments Authentication Risk Mitigation 62

PYMNTS

APRIL 26, 2018

The growing complexity of international supply chains inevitably adds complexity to risk mitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.

Risk Management 54

Risk Management Risk Risk Mitigation Mitigation 54

EBizCharge

DECEMBER 18, 2024

4 primary purposes of a clearinghouse Understanding the primary functions and purposes of a financial clearinghouse is crucial since these institutions ensure transactions are safe and efficient, reducing the risks associated with exchanging money or information. The following section will explore how they maintain this.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

PYMNTS

OCTOBER 8, 2020

We started Retirable to address America's advice gap,” End told PYMNTS in a recent interview. But when you get into decumulation, you have to start thinking about: ‘How do I de-risk my plan and make this money last as long as possible?’ And so in this stage, a lot of the talk is about risk mitigation versus taking on risk.”. “We

AI 90

AI Social Security Risk Mitigation Risk 90

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

PYMNTS

JANUARY 26, 2018

Enterprise transactions are full of friction and risk,” said CapLinked CEO Eric M. While Ripple and other decentralized technologies are addressing payments, the transfer of funds is only a small part of a B2B transaction.

Blockchain 62

Blockchain B2B Transactions API 62

PYMNTS

SEPTEMBER 11, 2018

According to Jay Wissema, director of business development at cross-border payment solutions provider Volopa, recent events in the global markets have heightened awareness of the importance of foreign exchange volatility risk mitigation. Part of SMBs efforts’ to address a volatile market should be FX risk mitigation.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Small Business 40

The Fintech Times

JULY 29, 2024

They invest in advanced cybersecurity protocols to safeguard sensitive information and employ AI-driven algorithms for continuous monitoring and risk mitigation. “Successful fintech impact platforms excel by addressing genuine issues rather than creating new problems to solve.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

PYMNTS

NOVEMBER 10, 2017

Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and risk mitigation technologies. Purchase Finance addresses this by enabling businesses to pay their suppliers directly, using a funding line from Ultimate Finance, who can pay the supplier directly.”.

Finance 40

Finance Risk Mitigation Mitigation B2B 40

PYMNTS

OCTOBER 7, 2016

” Regulatory requirements, risk mitigation, security measures and borrower satisfaction all pressure banks to grasp the power of data analytics. “Having access to those kind of analytics makes for a powerful differentiator as well.” Data is vital to remaining competitive , he said. ”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

Trade Credit & Liquidity Management

MAY 12, 2025

You can combine a Promissory Note with other forms of risk mitigation guarantees and security. Important Elements in a Promissory Note Details the parties to the note: Name, business address, etc. Rather than lose a customer, with appropriate risk mitigation measures in place, you can continue to do business with them.

Risk Mitigation 52

Risk Mitigation Liquidity Management Legal Mitigation 52

The Payments Association

DECEMBER 16, 2024

In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. This article explores FX risks in international payments and outlines strategies to minimise them, ensuring efficient and cost-effective operations.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

FICO

FEBRUARY 7, 2017

Cyber-readiness is increasingly a necessity for organizations, but for insurance underwriters, evaluating an organization’s cybersecurity risk and setting the appropriate insurance premium continues to be an inexact science.

Cybersecurity 51

Cybersecurity Risk Mitigation Mitigation Underwriting 51

PYMNTS

SEPTEMBER 21, 2019

In this context, the House Financial Services Committee’s Task Force on Artificial Intelligence met earlier this month to discuss the rising threat of small business cyberattacks, the role of technology in combatting it, and the potential for regulation to address security risks.

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

The Fintech Times

APRIL 15, 2024

Cybersecurity in digital commerce: Addressing critical cybersecurity issues, understanding the latest threats, risk mitigation strategies, and best practices to safeguard businesses and customers in an interconnected world.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices Mitigation 59

Clearly Payments

FEBRUARY 3, 2024

Risk Mitigation: Since BNPL providers assume the risk of non-payment, merchants are protected from default or chargeback issues, reducing their financial exposure. Provide responsive customer support to address inquiries promptly and nurture positive brand relationships.

BNPL 104

BNPL Payments Mitigation Best Practices 104

PYMNTS

MAY 2, 2019

A press release this week said Citi is collaborating with EY and SAS on its NextGen project, which will include the development of a risk analytics scoring engine that uses AI to address friction in reviewing global trade transactions. ”

Transactions 53

Transactions AI Cross-Border Risk Mitigation 53

PYMNTS

NOVEMBER 6, 2018

The tool interconnects Shell’s central treasury office to its 718 operating units to manage foreign exchange (FX) risk and volatility with its more than 200 bank partners. “Now, we can more efficiently route market requests from regional centers around the world to our central treasury.

Treasury 53

Treasury Treasury Management Risk Mitigation Blockchain 53