The Payments Association

FEBRUARY 14, 2025

With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. Firms must ensure robust trust arrangements and clear segregation of customer funds to minimize financial risk. Engaging external auditors may provide additional assurance.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

FloQast

NOVEMBER 20, 2023

Internal auditing ensures an organization’s financial integrity, compliance with regulations, and overall operational efficiency. One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

FloQast

JANUARY 22, 2025

Its what enables thousands of accounting teams worldwide to automate complex processes, reduce compliance burdens, and stay audit-ready. Comprehensive Gap Assessment One of the first steps was analyzing our existing controls through the lens of ISO 42001s requirements. At FloQast, our method is deliberate and cautious.

ISOs 105

ISOs AI Accounts Audit 105

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Data leakage, model biases, and a lack of transparency in AI decision-making are just a few of the potential privacy risks that must be considered. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

JANUARY 13, 2025

The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Central to these changes are new statutory trust requirements, more prescriptive record-keeping, reconciliation standards, and the mandate for external safeguarding audits. Why is it important?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

VISTA InfoSec

OCTOBER 21, 2024

They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.

CCPA 208

CCPA Privacy Assessments Laws 208

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech News

FEBRUARY 10, 2025

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. Theres a risk that AI could inadvertently expose data through cyberattacks, algorithmic vulnerabilities, or insufficient safeguards.

AI 77

AI FinTech Fraud Detection Fraud Prevention 77

Fintech Review

JANUARY 30, 2025

What is this document about We look through this document and highlighted five aspects that companies should pay attention to: Industrial risk management. According to DORA, market participants must conduct systematic stress tests with the various breach scenarios; Third-party risk management. Incident reporting.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

VISTA InfoSec

OCTOBER 7, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This means that board members must be involved in overseeing and approving all ICT risk management strategies.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This means that board members must be involved in overseeing and approving all ICT risk management strategies.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This means that board members must be involved in overseeing and approving all ICT risk management strategies.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This means that board members must be involved in overseeing and approving all ICT risk management strategies.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

introduces a stronger focus on flexibility and risk-based approaches, allowing businesses more options for meeting security requirements. SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0,

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

introduces a stronger focus on flexibility and risk-based approaches, allowing businesses more options for meeting security requirements. SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0,

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Clearly Payments

APRIL 8, 2025

A payment consultant assesses your current payment infrastructure and identifies the best path forward. Go-to-market plans for international expansion Compliance and risk management , especially in regulated industries Think of us as your outsourced payments strategy teamready to help you make confident decisions as your business evolves.

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

The Payments Association

MAY 16, 2025

AI is transforming compliance in financial services, offering efficiency gains while introducing new risks that demand robust governance. 85% of digital-first payment firms report live AI integration, particularly in fraud analytics and real-time risk scoring. Artificial intelligence (AI) is no longer a futuristic concept.

Compliance 88

Compliance AI Risk Audit 88

Neopay

OCTOBER 15, 2024

Training and audits are two pillars of compliance. Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful. Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality.

Audit 59

Audit Compliance Assessments Financial Crimes 59

Stax

AUGUST 22, 2024

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.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FloQast

MAY 9, 2024

In the intricate dance of modern business, compliance programs serve as vital navigational guides, steering organizations through a labyrinth of regulations and risks. 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

Fintech News

JULY 1, 2025

The study assessed the outcomes for an organisation that had adopted the solution, based on an interview with a decision-maker. These issues caused delays, made it difficult to meet service level agreements, and increased the risk of human error.

AML 59

AML Money Laundering Compliance Audit 59

Fi911

FEBRUARY 26, 2025

Level 1 Criteria : More than 6 million card transactions annually or identified as a high-risk entity. Requirements : Annual on-site audit by a Qualified Security Assessor (QSA), quarterly network scans. Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans.

PCI DSS 59

PCI DSS Compliance MFA Assessments 59

VISTA InfoSec

MARCH 6, 2024

assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Changes Access Controls "Limit viewing of audit trails" to those with a need. audit log security principles are mostly unchanged. Aligning periodic reviews with the organization’s risk profile. 10.5.1 – 10.5.5)

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. could also be classified as operational risks. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

VISTA InfoSec

SEPTEMBER 30, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

VISTA InfoSec

OCTOBER 21, 2024

A DPO responsibilities revolves around monitoring internal process, educating staffs on compliance, conducting audits, and serving as a point of contact for regulatory authorities. Our experienced team will guide you through every step of the way from monitoring compliance to managing data protection risks, and help you avoid legal penalties.

CCPA 130

CCPA Privacy Laws Data Breach 130

The Fintech Times

FEBRUARY 5, 2025

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

Compliance 64

Compliance Cybersecurity Audit AI 64

VISTA InfoSec

DECEMBER 19, 2024

Promoting Accountability: Encouraging financial institutions to take responsibility for securing their local environments and ensuring compliance through independent SWIFT CSP assessments. VISTA InfoSec is recognized with SWIFT as an authorised auditing organisation.

SWIFT 173

SWIFT Cybersecurity PCI DSS Compliance 173

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Bots Risk Assessment 52

Nanonets

AUGUST 1, 2023

In the rapidly evolving world of auditing, innovative technologies have revolutionized traditional practices. Auditors are now increasingly embracing the agile auditing approach previously used in software development. This strategic allocation of resources optimizes auditing efforts, leading to more focused and effective audits.

Audit 52

Audit Risk Assessment AI Assessments 52

VISTA InfoSec

OCTOBER 11, 2023

In this process, you’ll come across key terms like PCI SAQ (Self-Assessment Questionnaire), AOC (Attestation of Compliance), and PCI ROC (Report on Compliance). The QSA does this by conducting an audit of the organization’s processes and controls. Let’s focus on the ROC for now. 5/5 - (7 votes)

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

Neopay

APRIL 26, 2024

All of our audits draw on the market-leading experience of our team to deliver a detailed and practical report. Despite the upfront costs, we all know that regular audits are an essential part of maintaining FCA compliance. Regular audits are more important than ever.

Audit 59

Audit Due Diligence Compliance Adjustments 59

VISTA InfoSec

SEPTEMBER 27, 2024

They are appointed based on article 37 of GDPR , and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.

CCPA 130

CCPA Privacy Assessments Laws 130

FloQast

JANUARY 17, 2024

The consultation set out proposals for a range of legislative and governance reforms to be implemented in the Code in 2024, including the introduction of a new regulatory body, known as the Audit, Reporting, and Governance Authority (ARGA), which would replace the FRC. New malus and clawback arrangement disclosures.

Governance 102

Governance Government AAP Audit 102