Fintech News

JUNE 5, 2024

The benefits of adopting a life cycle model are manifold, including mitigating risks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. Many new forms of fintech services are coming up, so outsourcing will be a continuous demand.

FinTech 109

FinTech Mitigation Risk On-Demand 109

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

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Risk Mitigation: Since BNPL providers assume the risk of non-payment, merchants are protected from default or chargeback issues, reducing their financial exposure.

BNPL 104

BNPL Payments Mitigation Best Practices 104

Stax

MARCH 13, 2025

Interchange fees help mitigate the financial impact of these risks, ensuring cardholders can continue to access credit. Regularly reviewing processing statements and discussing rate adjustments with your provider can help ensure you’re getting the best possible deal. They depend on various factors.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

PYMNTS

DECEMBER 22, 2020

The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains to payment schedules. They will need to continue innovating these processes to stay on top of shifting B2B trends worldwide.

Cross-Border 94

Cross-Border Innovation B2B Automation 94

FloQast

MARCH 13, 2024

Delayed Detection of Discrepancies : The lack of automation leads to delayed detection of discrepancies, leaving accounting teams vulnerable to last-minute adjustments and incomplete reconciliations. Without automated matching processes, accounting teams are susceptible to inaccuracies that could have severe financial implications.

Reconciliation 98

Reconciliation Automation Compliance Mitigation 98

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

OCTOBER 20, 2023

Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Service Continuity : Ensures essential healthcare services remain operational. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue.

Disaster Recovery 130

Disaster Recovery Procedures Regulatory Compliance Duplicate 130

The Finance Weekly

AUGUST 26, 2023

AI's continuous real-time monitoring boosts business vigilance, alerting when certain limits are breached. AI offers continuous monitoring, streamlined reporting, and predictive analytics for overseeing cash across bank accounts. For example, it manages borrower’s credit data and spots early financial signs.

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

Segpay

FEBRUARY 21, 2024

Risk Monitoring The integration of generative AI in KYC also facilitates continuous monitoring of customer behavior, allowing PSPs to adapt to evolving risks dynamically. This proactive approach enables organizations to detect and mitigate potential security breaches before they escalate, significantly enhancing overall cybersecurity.

AI 105

AI Innovation Fraud Detection Encryption 105

PYMNTS

JANUARY 24, 2019

procurement professionals identifying supplier due diligence, internal compliance training, social governance efforts and continued vendor monitoring as the biggest concerns. ” Organizations must do more with less, and they must do it quickly, he continued. .”

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

PYMNTS

JUNE 25, 2020

With the global pandemic tossing many organizations into a digitization crash-course, business continuity has remained top of mind for the C-suite. It will continue to be a focus, too, as businesses gradually reopen and as employees begin to return to the office. Mitigating Risk. Asking the Right Questions.

Mitigation 60

Mitigation Risk Mitigation Treasury Risk 60

The Fintech Times

AUGUST 21, 2024

As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. “The ability to automate rate adjustments based on inventory, special events, and seasons makes setting competitive pricing effortless.

Risk Mitigation 72

Risk Mitigation Payment APIs and Integration Mitigation Automation 72

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. This includes addressing areas lacking expertise and implementing strategies to mitigate potential challenges. #6:

AI 102

AI Process Fraud Detection Compliance 102

PYMNTS

DECEMBER 30, 2020

The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential contagion. In-branch operations will also likely need to be adjusted to account for the new post-pandemic paradigm. . Lessons To Take Moving Forward .

Online and Mobile Banking 96

Online and Mobile Banking Void Mobile Banking On-Demand 96

The Payments Association

JANUARY 29, 2025

Common themes Analysis of these regulatory fines highlights four persistent weaknesses that continue to challenge the industry: Inadequate governance, accountability and culture: Ineffective governance and fragmented leadership often resulted in unaddressed vulnerabilities. billion settlement with the U.S. November: Metro Bank16.6

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. ” ZestyAI models enable carriers to adjust inputs based on customer mitigation actions, leading to dynamic risk score updates.

Risk 59

Risk AI Risk Assessment Assessments 59

Finextra

JUNE 23, 2025

While electric vehicles mark a fundamental change in energy use, the immediate challenges and opportunities for forecourt operations and payment systems continue to evolve. Soon, GenAI-based email scanners are expected to mitigate this threat. This includes dynamically adjusting staffing levels to match demand.

AI 52

AI Risk Payment APIs and Integration Fraud Detection 52

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. While blackbox ML can deliver rapid fraud scores, its opaque nature offers little insight into the decision-making process, making refining or adjusting risk thresholds challenging.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. Staying informed about emerging fraud trends is equally important, as fraudsters continually refine their tactics. To effectively manage these risks, merchants can adopt various mitigation strategies.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

MARCH 23, 2020

” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends. From Bank Accounts To LinkedIn Profiles.

Underwriting 75

Underwriting Risk Mitigation Risk Assessment Mitigation 75

PYMNTS

MAY 23, 2017

My schedule is carefully planned and prioritized, although I must be agile to adjust the course and adapt my schedule to unpredicted opportunities. Continually innovating to stay ahead of what our customers want comes from managing risk, and this is one of the most difficult and one of the most rewarding parts of my job.

Innovation 76

Innovation Cross-Border Payments Mitigation 76

PYMNTS

APRIL 22, 2020

Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however. Insurance companies have set up some capabilities to help users process claims quickly and with fewer interactions with adjusters, and they may have been successful in that regard.

AI 80

AI Adjustments Fraud Prevention Automation 80

PYMNTS

OCTOBER 28, 2020

Traditional retailers scrambled to adjust to a digital-only world. EBA has been proactive in this regard in putting forward guidance to financial service firms on mitigating risk concentration with cloud infrastructure in the European market. A Permanent Shift for Payments.

Technology 73

Technology Economy On-Demand Real Time Payments 73

Clearly Payments

JANUARY 4, 2024

It is likely that this trend will continue barring any regulatory hurdles. The dynamic nature of the cryptocurrency market ensures that the landscape for payments continues to evolve, presenting merchants with an array of options catering to diverse preferences and requirements.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

AUGUST 31, 2020

As companies adjust their business models and prioritize risk mitigation, the corporate treasury offers a valuable, forward-looking view into financial futures. Speaking with PYMNTS, Turner described the biggest challenges and opportunities that today's corporate treasurers face as expectations for the profession continue to climb.

Treasury 74

Treasury Treasury Management Risk Mitigation Mitigation 74

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. When it comes to changes to payment processes, it’s not the technology that’s holding entities back, it’s the friction of adjusting to new ways of working.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

MAY 25, 2020

In a black swan event such as the pandemic, ensuring business continues to flow not only means mitigating volatility of today. The data stemming from that technology will continue to be vital to guiding supply chain professionals through the volatility, but industry experts are warning against knee-jerk reactions.

Adjustments 57

Adjustments B2B Product Mitigation 57

PYMNTS

APRIL 16, 2020

Businesses continue to make tough decisions to cope with volatility fueled by the coronavirus pandemic. However, Tipalti Co-founder and CEO Chen Amit said he’s noticed more businesses taking the leap into accounts payable (AP) automation to mitigate the friction that comes with a remote workforce and cash flow pressures.

Finance 75

Finance Automation Lockbox Checks 75

PYMNTS

APRIL 13, 2020

While the technology may remain unfamiliar to many legacy players and regulators in the financial market, blockchain can be a useful solution in streamlining the invoice finance process for small businesses that continue to wait longer for their invoices to be paid. Accelerating Cash Flow.

Finance 62

Finance Small Business Blockchain Assessments 62

The Finance Weekly

JUNE 17, 2024

Your Always-on Intelligent Assistant – Analyzes millions of data points and flags potential errors, working continuously to help you accomplish more. Data is quickly loaded using the data load rule, and the consolidations module is used to input any adjusting journal entries.

AI 130

AI Addressing Automation Finance 130

PYMNTS

JULY 15, 2020

Gary Cantrell , deputy IG, Department of Health and Human Services’ Office of Investigations (OI), told CBS, “One of our most important missions is to mitigate that vulnerability as quickly as possible. And that means communicating with those individuals who oversee the systems.”

Data Breach 58

Data Breach CCPA Breach Social Security 58

PYMNTS

MAY 11, 2020

In the subscription business, said Clark, continuing to serve a customer’s need — as opposed to satisfying a transient want — is what retains customers over the long haul and substantiates higher acquisition costs. Why Need Is Subscription Commerce’s New North Star. If I don’t need it, how much do I really want it? “We’re

Consumer 91

Consumer Gateways On-Demand Mitigation 91

Fintech News

JANUARY 21, 2025

As 2025 approaches, this momentum continues to intensify. As these ecosystems continue to evolve, they leverage modular mini-apps and advanced personalization technologies to deliver tailored user experiences. As AI continues to evolve, its role in transforming user experiences and operational efficiencies will only deepen.

Stablecoins 109

Stablecoins FinTech Embedded Finance Financial Inclusion 109