The Payments Association

NOVEMBER 25, 2024

Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk

The Payments Association

JANUARY 13, 2025

Firms must proactively review their terms of service and dispute resolution mechanisms to mitigate potential liabilities. This will also include verifying the legitimacy of assets, auditing their technical infrastructure, and assessing market risks simultaneously. This also positions them as thought leaders in the sector.

Legal

Stax

MAY 5, 2025

To mitigate this, perform additional QA in controlled production settings, or use gateways that offer advanced testing tools and staging environments closer to live conditions. Fraud detection systems might not be active in the sandbox, leading to a false sense of security.

Payment Gateways

The Payments Association

JUNE 16, 2025

The experiment was carried out in partnership with Thales, Secretarium, and Consult Hyperion, demonstrating both the technical plausibility and the layered complexities of enabling a central bank digital currency (CBDC) to function without internet connectivity. Secure Elements offer partial mitigation, but are not infallible.

Settlement

FloQast

FEBRUARY 19, 2025

He brings over 13 years of experience, providing clients with business and technology audits, as well as providing control design assessment and process improvement services. As a consultant in the risk mitigation and compliance space , I always strive to be my client’s advisor on their risk and compliance needs.

Advisors

The Payments Association

JULY 18, 2025

The Payments Regulation Roadmap for Q3 2025 provides a forward-looking view of the legislation and consultations shaping the compliance landscape. Zakir Karim Director, Pangea Consulting "The publication of the FCA's final interim-state safeguarding rules will mark a pivotal moment. Jaspreet Kaur Senior consultant.

Regulations

The Fintech Times

JUNE 24, 2025

One major concern is algorithmic bias, where AI models may perpetuate or even amplify existing biases, leading to unfair claim assessments or discriminatory outcomes. AI-powered claims automation offers significant advantages in speed, efficiency, and cost reduction, but it also introduces notable risks.

AI

The Payments Association

JULY 18, 2025

This proactive approach fuels innovation, aligns values across partnerships, and mitigates reputational and operational risk." Respondents represented organisations spanning the payments ecosystem: from traditional banking institutions and global payment networks to specialist consulting firms and innovative biometric technology providers.

Payments

The Fintech Times

JULY 19, 2025

HSBC has received a fair amount of criticism after it revealed that it was quitting the Net Zero Banking Alliance, a member-led initiative supporting banks to lead on climate mitigation, on 11 July. “The NZBA provided crucial frameworks for banks to assess climate risks in their lending portfolios. So, back to that pudding.”

Risk

VISTA InfoSec

OCTOBER 25, 2023

Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!

Risk Assessment

VISTA InfoSec

OCTOBER 21, 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

VISTA InfoSec

OCTOBER 21, 2024

Providing advice on and monitoring the performance of impact assessments related to data protection. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs). An external DPO is where the function is outsourced to a third-party consultant or firm.

CCPA

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

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance

VISTA InfoSec

SEPTEMBER 27, 2024

Providing advice on and monitoring the performance of impact assessments related to data protection. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs). An external DPO is where the function is outsourced to a third-party consultant or firm.

CCPA

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

This comprehensive assessment identifies any discrepancies between your existing frameworks and the regulatory standards, enabling you to pinpoint areas that require enhancement. Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions.

Compliance

Fintech News

OCTOBER 8, 2024

The Monetary Authority of Singapore (MAS) has released a consultation paper , inviting public feedback on its proposed regulatory framework for Digital Token Service Providers (DTSPs). The consultation paper outlines MAS’ proposed approach to licensing and regulating DTSPs.

Service Provider

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.”

Mitigation

VISTA InfoSec

SEPTEMBER 30, 2024

Advising on Data Protection Obligations DPO is required to provide advice to the organization on how they should handle data in line with legal obligations, especially for processing activities and data protection impact assessments (DPIAs). You can also book a free one time consultation on our website today.

CCPA

VISTA InfoSec

OCTOBER 21, 2024

Advising on Data Protection Obligations DPO is required to provide advice to the organization on how they should handle data in line with legal obligations, especially for processing activities and data protection impact assessments (DPIAs). 3.Data You can also book a free one time consultation on our website today.

CCPA

Fintech News

JANUARY 10, 2024

Lawrence Wong Wong’s statement said, “MAS will continue to work with financial institutions to assess additional measures for higher risk transactions, including those relating to transfers to overseas payees and access of bank accounts from overseas locations.

Accounts

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper). The standard is scheduled to be implemented by member jurisdictions by 1 January 2025.

Consulting

VISTA InfoSec

AUGUST 22, 2023

Principle of data minimization: Only the minimum amount of biometric data necessary for the intended purpose should be collected and processed, requiring careful assessment and avoidance of excess. Voiceprint: Assessment of vocal attributes such as tone, pitch, and enunciation.

Privacy

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. However, a significant revolution lies ahead – the personalisation of services based on individual user assessments. “Finally, AI is reducing risk in the embedded insurance space.

Embedded Finance

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. PayFacs also handle risk assessment, underwriting, settling of funds, compliance, and chargebacks. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS

FICO

DECEMBER 19, 2022

Assessing Digital Identity — You Need to Ask “Who?” To mitigate identity and ATO fraud, banks have deployed many identity management capabilities like authentication, biometrics, behavioral profiling, decisioning and declines/holds. AND “Why?”. FICO Admin. Thu, 08/22/2019 - 12:37. by Adam Davies. Vice President, Product Management.

Assessments

The Finance Weekly

DECEMBER 30, 2021

To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices. Conduct a general assessment of risks and opportunities, including an analysis of the cost and impact of not moving forward.

Technology

PYMNTS

JUNE 30, 2016

government and the practicalities of Brexit will leave many companies facing a number of challenges and opportunities,” said Reval Solutions Consultant Jacqui Drew in a statement last week, adding that businesses must have a strategy in place that includes scenario planning to help a company navigate through such a tumultuous period.

Mitigation

Fintech News

JUNE 6, 2024

This underscores the need for more robust, multi-layered identity verification solutions that can effectively mitigate the risks of these evolving fraud tactics,” said Frederic. A notable example is the recent US$25 million scam in Hong Kong, where scammers used deepfake technology to impersonate company executives in a video call.

Scams

The Fintech Times

OCTOBER 19, 2024

Shah, MD, Stax Consulting Anuj Shah, managing director, at global consultancy Stax , sees the integration of ESG principles as essential not just for sustainability but for gaining a competitive edge. The competitive advantage Anuj A. “Firstly, it allows banks to invest in green opportunities that positively impact the climate.

On-Demand

Faster Payments Council

SEPTEMBER 12, 2022

Speakers: Barry Tooker, TransactionBanker.com; Jim Cunha, Federal Reserve Bank of Boston; Andrew Haskell, BNY Mellon; Rodman Reef, Reef Carson Consulting 10:45am-11:25amCT: Concurrent Breakout Session – Real-Time Payment APIs, Global Market Practices, and Lessons Learned for the U.S.

FPC

Fintech News

JULY 24, 2024

Finally, the Evaluation stage ensures continuous assessment and improvement. Huawei’s approach leverages automation and AI to simplify processes, provide key insights, and mitigate risks. Comprehensive risk mitigation for financial resilience Huawei’s suite of solutions goes beyond mere equipment upgrades.

Finance

The Fintech Times

SEPTEMBER 19, 2024

“This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis. By continuously monitoring for emerging threats and vulnerabilities, organisations can take swift action to mitigate risks before they escalate into a full-blown crisis.

Risk

VISTA InfoSec

JUNE 21, 2023

They will help analyze the threat, the extent of the breach, and how to mitigate it. The Information Commissioner’s Office (ICO) provides a self-assessment tool to help people and companies determine whether a breach needs to be reported. You need to know if any data has been compromised and, if so, where it may have been shared.

Data Breach