Remove AI Remove Disaster Recovery Remove Risk Management
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Understanding Risk Management Strategies as a PayFac

Stax

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

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6 Benefits of AI Insurance Claims Processing

Nanonets

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data.

AI 102
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Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

This shift towards omnipresent, AI-driven financial services necessitates fundamentally rethinking how banks operate and deliver value to their customers. By leveraging the expertise of technology partners, banks can accelerate their transformation, reduce risks, and stay focused on their core business of serving customers.

Finance 120
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What Can We Learn From Payment System Failures and Global IT Outage?

The Fintech Times

It is also key to test out the disaster recovery plans, instead of having these as a paper exercise and ensure that all the people, processes and data (and not only the technology) are tried and tested at scale, and there is sufficient preparation in place should such an outage happen in future. .”

Payments 122
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What is document digitization and how can it improve productivity?

Nanonets

Managing access to information is a priority for 89% of organizations regarding their overall risk management and security posture. Document digitization enables better control and management of compliance-related documents, ensuring adherence to regulatory requirements and facilitating auditing processes.

Product 52
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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. Requirements related to business continuity and disaster recovery have also been included for the first time.

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A Complete Guide to BlackLine Account Reconciliation

Nanonets

Security : BlackLine prioritizes security with ISO/IEC 27001 certifications, SSAE 18 SOC 1 and SOC 2 Type II reports, and robust protection measures such as TLS cryptographic protocols, firewalls, disaster recovery services, and third-party penetration testing. Single sign-on (SSO) enhances security and user experience.