VISTA InfoSec

OCTOBER 20, 2023

Implementing Business Continuity and Disaster Recovery Measures for Covered Entities: Let’s talk about how Covered Entities can implement Business Continuity and Disaster Recovery Measures. It’s not as complicated as it sounds! Regular testing and adjustments are essential due to changes in ePHI applications.

Disaster Recovery

The Finance Weekly

APRIL 25, 2022

Most of these steps, which include empowering CISOs, concentrating on business continuity capabilities and investments, and improving scenario planning, intersect with the CFO’s growing role in supporting and financing the organization’s cybersecurity framework.

Finance

VISTA InfoSec

SEPTEMBER 5, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. How can SMEs stay ahead of cyber security threats?

Security

VISTA InfoSec

OCTOBER 21, 2024

Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring business continuity. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. How can SMEs stay ahead of cyber security threats?

Security

VISTA InfoSec

JUNE 3, 2024

These may include: SOC1/SOC2: Service organization control reports that assess controls related to financial reporting and data security. Incident Response and Business Continuity A GDPR-compliant password policy should be part of a broader cybersecurity strategy that includes incident response management and business continuity planning.

MFA

Fintech News

OCTOBER 14, 2024

During this process, Income carried over S$2 billion in surplus, which was granted an exemption by the Ministry of Culture, Community and Youth (MCCY) to support its business continuity. The amendment to the Insurance Act, which was tabled on 14 October 2024, is set to be debated further in Parliament on 16 October 2024.

Blocks

Stax

AUGUST 22, 2024

TL;DR Payment facilitators remove the need for businesses to open merchant accounts of their own to accept payments. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. On the other hand, this exposes PayFacs to greater potential risks.

Risk Management

VISTA InfoSec

SEPTEMBER 25, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Integration: Integrating seamlessly with your existing CRM and other business tools is vital.

Cybersecurity

VISTA InfoSec

OCTOBER 21, 2024

As businesses continue to evolve in their customer service strategies, Contact Center as a Service (CCaaS) solutions have emerged as an effective tool for enhancing customer experience. Integration: Integrating seamlessly with your existing CRM and other business tools is vital.

Cybersecurity

Nanonets

DECEMBER 13, 2023

Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns. In addition, AI employs predictive analytics to assess and analyze historical claims data. This proactive approach minimizes delays and contributes to faster claim resolutions. #4:

AI

Fintech Finance

JULY 23, 2024

ACH payments are offered to small businesses by 73% of the Scorecard banks, and 55% provide a consolidated view of transactions for tracking payments and cash flow. Banks serve a wide range of businesses and industries and are improving the mobile banking experience with small business-specific capabilities.

Small Business

Open Banking Excellence

SEPTEMBER 21, 2023

Whilst DORA brings with it specific asks for financial institutions and their third-party suppliers, the concept of ensuring that business-critical operations are secure, resilient and can withstand disruption is not a new one. Testing processes should be regularly reviewed and updated to ensure continued compliance.

FinTech

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. Asking the Right Questions.

Mitigation

PYMNTS

APRIL 23, 2020

Business Continuity Is Key. Through our experience with previous black swan events and other crises, we know that a comprehensive business continuity plan should be developed and continuously evolved. This is imperative to mitigating impact.

Credit Union

The Fintech Times

NOVEMBER 27, 2024

“Effective regulation targets specific areas – such as anti-money laundering protocols, capital reserve requirements and third-party risk assessments of crypto companies – without applying blanket restrictions that stifle growth.

Regulations

Center for Payments

SEPTEMBER 15, 2022

The FFIEC Guidelines require financial institutions to implement a solid business continuity management program, which includes an effective Business Continuity Plan. The past few years have taught us the importance of a solid business continuity plan.

FFIEC

PYMNTS

JULY 1, 2020

For many companies that had been laggards in their modernization efforts, this digitization process wasn’t simply about business continuity — it was about business survival. In a frenzy, organizations dove headfirst into their digital transformations as a result of the global pandemic.

Automation

The Payments Association

MAY 9, 2025

While lending remains a barrier, financial enablement, such as instant onboarding, merchant services, and access to global payments, is equally important for business continuity and growth. Common issues include: Standardised risk assessments that overlook innovative or early-stage firms.

Finance

Segpay

MAY 1, 2024

Some of DORA’s main pillars are: Operational Risk Management: DORA requires PSPs to implement robust operational risk management practices to identify, assess, mitigate, and monitor operational risks effectively. Existing contracts should be reviewed based on third-party providers’ impact on critical business services.

Cybersecurity

Neopay

JUNE 27, 2024

It is crucial to conduct a thorough assessment of your financial position and ensure that you meet the minimum capital requirements. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes

PYMNTS

APRIL 11, 2018

In collaboration with professional services firm Aon, HP is rolling out an enterprise cybersecurity solution that includes hardware security protection, risk assessment and remediation, incident response and cyber-insurance options.

Risk

PYMNTS

AUGUST 12, 2020

.” Funding Circle reportedly considered wielding open banking in years past — and today, it’s looking at the legislation again, and evaluating how it might be able to elevate its credit assessment workflows. Recent improvements in the customer experience have made open banking more attractive for Funding Circle, added Jacobs.

Small Business

The Fintech Times

AUGUST 30, 2024

After successfully onboarding a new customer, businesses can use this feature to re-verify the customer’s identity at any point in the customer lifecycle. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

Cybersecurity

The Payments Association

OCTOBER 11, 2024

These audits will assess whether the firm’s systems and controls are adequate to prevent safeguarding failures, which is essential for reducing risks to consumer funds and building trust within the payment sector. Gladius Assurance Principal Dennis Cheng tells Payments Intelligence that this presents an opportunity to “systemise”.

Due Diligence

Fintech News

MAY 20, 2024

The COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities.

FinTech

PYMNTS

NOVEMBER 18, 2020

Ledford explored some of those emerging use cases and offered insight into what's next for the RTP network that could add even more opportunities for financial institutions (FIs) and businesses to extract value from real-time payments. Today's Most Valuable Use Cases. But certain trends are emerging.

RTP

FloQast

OCTOBER 21, 2024

For accounting professionals, implementing a solid automated bank reconciliation process can change the way they approach financial operations within their business. A proactive approach will ensure your business continues to benefit from everything your software offers. What are the pain points for you and your team?

Reconciliation

FICO

MARCH 2, 2021

Many creditors across financial services, motor finance and the energy sectors are now offering self-serve digital tools to support customers' affordability assessments. It's a channel that has saved many firms thousands of man-hours in advisers' time and ensured those that are not in need have been able to maintain their payments.

Risk

Neopay

JANUARY 2, 2024

One of the key aspects of ensuring that the business operates within the regulatory requirements is through effective monitoring and oversight of all business activities, such as financial crime, safeguarding arrangements, financial promotions, complaints handling, business continuity, and operational resilience, among many other areas.

Regulatory Compliance

Stax

DECEMBER 6, 2023

However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do. Businesses—especially small and medium businesses— continually seek ways to offset these expenses and improve profit margins, leading to the rise of credit card surcharging.

Consumer

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization

PYMNTS

AUGUST 28, 2019

With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. With that in mind, one can assume that real-time payment technologies are far from the top of businesses’ priorities when it comes to embracing new payment processes.

ISO 20022

PYMNTS

MARCH 16, 2016

Officials there are still assessing the business case of adopting ISO 20022, with the Federal Reserve Bank of New York recently telling PYMNTS that there is a struggle to convince the market of ISO 20022’s benefits. As a result, businesses continue to rely on paper-based payment methods, such as checks.”. and Canada.

ISO 20022

FICO

NOVEMBER 30, 2022

This can be done through a combination of macroeconomic factors and transactional data serving as early warning indicators and delivering input into business continuity planning and credit risk strategies. Further complicating a fair assessment was government sponsored stimulus packages, which veiled factual customer affordability.

Risk

FICO

MAY 18, 2020

Organisations are having to assess how much impaired debt they can afford to hold and how they manage out that which they need to release, since a substantial proportion of the held impairment will be on paying accounts. . Macro and micro economic data. Industry sector data. Regulator Help and Expectations.

Regulations

PYMNTS

JANUARY 23, 2018

The result is a neglected stack of scanners in a corner of a storage room or rucked away in an operations area, with no way to assess the value of that inventory and what can be repurposed.”. The expansion of ACH across the U.S.,

Remote Deposit Capture