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 roadmap should outline necessary remediation actions, timelines, and responsible parties.

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 roadmap should outline necessary remediation actions, timelines, and responsible parties.

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 roadmap should outline necessary remediation actions, timelines, and responsible parties.

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 roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

VISTA InfoSec

OCTOBER 7, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT).

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

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 108

Service Provider Due Diligence AML Money Laundering 108

VISTA InfoSec

SEPTEMBER 27, 2024

Providing advice on and monitoring the performance of impact assessments related to data protection. Considering the risks associated with data processing and purpose while performing tasks. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs).

CCPA 130

CCPA Privacy Assessments Laws 130

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 134

Embedded Finance AI Finance Assessments 134

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 130

CCPA Privacy Laws Data Breach 130

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 130

CCPA Privacy Laws Data Breach 130

FloQast

JANUARY 17, 2024

In May 2023, the Financial Reporting Council (FRC) published its consultation on the UK’s Corporate Governance Code. While the government has since delayed some Corporate Governance Code reforms, including the introduction of ARGA, the FRC has signalled its commitment to moving forward with other key proposals from the consultation.

Governance 102

Governance Government AAP Audit 102

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 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

PYMNTS

NOVEMBER 3, 2020

Bloomberg is providing the data in the current global economic crisis to aid the markets with ready, accessible information that is timely and transparent for active credit assessments and predictive models to assess the volatility of the current market. They can also assess ongoing credit quality.

Credit Risk 88

Credit Risk B2B Risk ISO 20022 88

The Payments Association

MAY 3, 2025

It highlights how innovation, regulation, AI, and risk management are shaping the future of payments and impacting business models. Consultations on safeguarding, strong customer authentication (SCA), and cross-border rules are overdue. Why is it important? Hickman echoed the concern, highlighting the lack of clarity in the UK.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

FloQast

FEBRUARY 19, 2025

Xavier Sanchez is a Managing Director at CFGI, leading the Risk Advisory practice in the New York Metro area. 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.

Advisors 52

Advisors Compliance Risk Audit 52

The Fintech Times

APRIL 15, 2025

Datactics has developed a digital data validation sandbox for the Financial Services Compensation Scheme (FSCS) designed to help assess data systems and processes prior to regulatory audits. Digital transformation consultancy Daemon has announced the strengthening of its board, promoting Richard Newsome as non-executive chairman.

FinTech 64

FinTech Payment APIs and Integration Non-Bank Community Banks 64

Neopay

DECEMBER 6, 2023

The Financial Conduct Authority (FCA) employs skilled person reviews, also known as Section 166 reviews, to assess and rectify concerns within financial institutions. Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

The Payments Association

MAY 16, 2025

These developments will impact merchant compliance, cost structures, customer experience, and operational risk. Merchants should assess exposure, engage with providers, and begin implementation planning ahead of key deadlines. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

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.

On-Demand 106

On-Demand Financial Inclusion Consulting Product 106

Fintech Finance

APRIL 16, 2024

Global leader in payment services, Worldline and RiskQuest BV , leading risk consultancy firm in the Netherlands, part of the Zanders Group , have signed a partnership agreement to provide best-in-class credit check processes specific to the Dutch market.

Checks 52

Checks Payment APIs and Integration Credit Risk Risk 52

The Fintech Times

FEBRUARY 24, 2024

It also lays down stringent requirements to ensure consistent security practices throughout the European Union, covering key areas such as ICT risk management, incident management and reporting, operational resilience testing, third-party risk management, and information sharing.

Compliance 69

Compliance Finance Risk Management Risk 69

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis.

Risk 59

Risk Financial Crimes AML Risk Management 59

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML BSA 88

VISTA InfoSec

JUNE 21, 2023

In the UK, the General Data Protection Regulation (GDPR) states that incidents that pose a risk must be reported within 72 hours of identification. The Information Commissioner’s Office (ICO) provides a self-assessment tool to help people and companies determine whether a breach needs to be reported. 5 - (2 votes)

Data Breach 130

Data Breach Breach Law Enforcement Cybersecurity 130

Neopay

MAY 7, 2024

The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. This includes references to the travel rule and updates to sections on risk assessment and fraud.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

MAY 28, 2024

In China, Alibaba Group’s MYBank is an online-only bank that serves SMEs as well as underbanked rural and urban customers by leveraging analytics on real-time payments data and risk-management systems, to analyse more than 3,000 variables when issuing loans. trillion by 2025.

APACS 128

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 128

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

FICO

APRIL 19, 2023

In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. All of these trends will be of concern to risk managers. This group is showing increased rates of missed payments and other signs of financial stress.

Credit Cards 52

Credit Cards Accounts Risk Management Risk 52

The Fintech Times

MARCH 12, 2024

It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.” As evidence mounts showing that EVs can be safer than traditional vehicles, insurers must adjust their risk assessments and pricing models accordingly.”

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

The Fintech Times

DECEMBER 14, 2023

Davies , a global financial services consulting firm, has appointed Eoin Gill as global relationship manager and partner. The company has also announced the appointments of Steven Huynh as VP, global expansion and payment partnerships and Adewale Ayantoye as VP, risk management.

FinTech 69

FinTech Online and Mobile Banking On-Demand Risk Management 69

Fintech News

JULY 24, 2024

Finally, the Evaluation stage ensures continuous assessment and improvement. This proactive approach to operations and maintenance represents a paradigm shift from reactive problem-solving to predictive risk management. This phase translates plans into tangible improvements in the bank’s infrastructure.

Finance 120

Finance Risk Mitigation Automation Disaster Recovery 120

Fintech News

JULY 23, 2024

The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks. In addition, Opn offers consulting services through its Opn Pro brand.

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

Fintech News

MAY 23, 2024

To determine the best banks of 2024 from Asia and elsewhere, participants assessed banks where they currently have or had a checking or savings account within the past three years, or were familiar with through family or friends. Retail Banking and Wealth Management covers retail banking, wealth management, asset management, and insurance.

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

MARCH 14, 2024

In February, the FCA confirmed that it has significantly increased its supervisory activity with payments firms, with a focus on prudential risk management, wind down planning and safeguarding. It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59