Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Finance

FEBRUARY 5, 2025

Cihat Fitzgerald is a distinguished global payments risk and compliance executive with over 27 years of expertise in safeguarding the payments ecosystem. Ballerines focus on streamlining onboarding and compliance oversight capabilities with AI addresses key challenges in the payments industry.

Risk 59

Risk Law Enforcement Regulatory Compliance Compliance 59

The Fintech Times

SEPTEMBER 14, 2024

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. Having already explored compliance challenges, penalties and solutions, we now turn our attention to the technology of the moment: AI.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. This involves reviewing existing plans or assisting in creating a new compliance monitoring plan (CMP).

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Regulatory Compliance 58

Regulatory Compliance Compliance On-Demand Regulations 58

The Payments Association

NOVEMBER 12, 2024

The choice affects compliance, efficiency, and fraud prevention capabilities. In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. What is this article about? Why is it important?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Fintech News

APRIL 27, 2025

Maintaining Trust through Security and Compliance In a region as diverse as Asia Pacific, regulatory compliance is a moving target. Thats why security and compliance are built into every layer of the Temenos SaaS platform. This can further ensure security and compliance with ease.

APACS 114

APACS Compliance On-Demand Embedded Finance 114

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Why is it important?

Privacy 88

Privacy Payment Security AI Security 88

Fintech News

AUGUST 11, 2024

Thailand’s Securities and Exchange Commission (SEC) has officially launched the Digital Asset Regulatory Sandbox to support the development and testing of digital asset services in a real-world environment. The SEC will assess participants based on criteria such as capital adequacy, management structure, and operational readiness.

Regulatory Compliance 120

Regulatory Compliance Participant Advisors Adjustments 120

The Payments Association

DECEMBER 10, 2024

The growing threat of AI-related fraud puts financial institutions at risk of significant financial losses and jeopardises consumer trust and compliance with regulations. It has also expanded the scope of compliance by covering previously challenging areas to monitor. Read More

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

Fintech Finance

NOVEMBER 3, 2024

Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay. Affirm’s expansion to the UK adds to its presence in the US and Canada.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

M2P Fintech

MARCH 24, 2025

“One-click” loans become reality through instant credit assessments. Data Analytics: Making Informed Decisions Data is now the lifeblood of modern loan management, empowering lenders with insights to assess creditworthiness, predict risk, and personalize loan terms. AI is poised to revolutionize loan origination.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. .

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

M2P Fintech

APRIL 10, 2025

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. Addressing Key Obstacles in LAMF Despite its benefits, the LAMF as a sector grapples with significant hurdles.

Regulatory Compliance 52

Regulatory Compliance Mitigation Compliance Automation 52

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued.

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

Finovate

JUNE 3, 2025

Financial crime compliance innovator ThetaRay announced a strategic partnership with cross-border payments platform Spayce. Cognitive AI financial crime compliance company ThetaRay is working with cross-border payments platform Spayce to bring enhanced security and fraud fighting ability to payments.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Financial Crimes Crime 52

Fintech News

APRIL 16, 2024

But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.

Risk Management 117

Risk Management Risk AI Use Case 117

The Fintech Times

APRIL 8, 2024

While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third parties that use them. To find out more about the regulatory hurdles the BaaS space possesses, we reached out to industry leaders and asked them which regulatory challenges fintechs should be most aware of.

FinTech 116

FinTech BSA Regulatory Compliance Money Laundering 116

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

VISTA InfoSec

AUGUST 22, 2023

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.

Privacy 130

Privacy Legal Compliance Best Practices 130

Fintech Review

JUNE 12, 2024

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. Margita, why is having a Compliance Monitoring Plan so important for businesses today? Can a Compliance Monitoring Plan be used for more than just adhering to FCA regulations? Absolutely.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

Fintech Finance

JULY 24, 2024

Covaliu brings over 18 years of experience to the role, having worked at various global companies including Booking.com as Senior Risk Manager, Uber as Chief Risk and Compliance Officer, and Mambu as VP of Risk and Compliance. Security : Implementing new solutions to support staying ahead of evolving threats.

Risk 98

Risk Privacy Compliance Regulatory Compliance 98

Fintech Review

JUNE 18, 2024

However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Foster a culture of compliance.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection.

AI 144

AI Fraud Detection Risk Assessment Regulatory Compliance 144

Innovative Payments Association

AUGUST 29, 2024

However, one major challenge that cannabis businesses face is banking compliance. To navigate the complex world of cannabis banking compliance, businesses must develop a strong compliance program. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Data Protection : Safeguards sensitive data, preventing legal and financial issues.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Flexible Integration : Robust APIs for seamless integration with various payment systems and compliance tools. Faisal I. ,

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

The Fintech Times

NOVEMBER 26, 2024

With over 240 million customers across the globe, global blockchain ecosystem and cryptocurrency exchange, Binance is seeking top compliance and investigation talent to ensure it can keep pace with the industry and company’s rapid maturation and growth. “We Currently, the firm employs over 1,000 compliance staff and contractors.

Compliance 65

Compliance Financial Crimes Crime Money Laundering 65

The Fintech Times

MARCH 25, 2024

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 116

Finance Regulatory Compliance On-Demand Compliance 116

VISTA InfoSec

JUNE 3, 2024

It mandates strict compliance requirements for organizations that process personal data, regardless of their location. Non-compliance can result in hefty fines and damage to an organization’s reputation. HIPAA compliance: Regulations for protecting health information.

MFA 130

MFA Credential PCI DSS Compliance 130

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain. compliance.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

PYMNTS

FEBRUARY 7, 2019

Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Due Diligence Audit Blockchain 65

Neopay

AUGUST 5, 2024

Effective safeguarding training covers the policies, procedures, and regulations that must be adhered to in order to minimise risks and maintain compliance with regulatory standards. Key components of safeguarding training Training should ensure that all staff are aware of the regulatory requirements for safeguarding client assets.

Compliance 52

Compliance Procedures Audit Risk Management 52

The Fintech Times

JUNE 19, 2024

By leveraging the Fenergo software-as-a-solution solution, First Abu Dhabi Bank hopes to speed up client onboarding and enhance its anti-money laundering ( AML ) compliance processes. Fenergo explained it plans to help First Abu Dhabi Bank to deliver end-to-end digital client onboarding and risk assessment for sanctions, AML and KYC.

AML 59

AML Compliance Money Laundering Risk Assessment 59

The Fintech Times

SEPTEMBER 19, 2024

Bahrain’s Economic Development Board (EDB) , as the nation’s investment promotion agency, supports both new and existing businesses by offering industry assessments and strategic advice, aligning with its goal of attracting investment to the Kingdom. The country has become a key hub for crypto services and fintech innovation.

Payment Service Provider (PSP) 100

Payment Service Provider (PSP) Security Regulatory Compliance Payments 100

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Misra , who sits at the forefront of this arena, is a pioneer in using LLMs to do the heavy lifting when it comes to compliance. Priya V Misra : EKAI is the first AI compliance ‘co-worker’ for risk and finance professionals.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52