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. Think of them as service providers that rent their master merchant accounts to their clients.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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 52

Financial Crimes Money Laundering Compliance Crime 52

PYMNTS

MAY 15, 2017

With the changing roles and demands tied to security, she said, efforts are going well beyond the questionnaires sent out to third-party vendors querying about the controls that they may have in place — in effect “going from ‘trust’ to ‘verify,’” as she put it, with even on-site, independent assessments an increasing occurrence.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

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 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

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 59

Authorization Product Procedures Due Diligence 59

FloQast

DECEMBER 13, 2023

It also mandates internal control assessments to ensure companies have the necessary checks and balances in place. Inspection of Registered Public Accounting Firms : The PCAOB regularly inspects the registered firms to assess compliance with the SOX Act, PCAOB rules, professional standards, and federal securities laws.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. Now, let’s delve into the essential factors that issuers must assess when upgrading their Card Management System (CMS). Data-Driven Insights: Real-time analytics for informed decision-making.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Nanonets

SEPTEMBER 21, 2023

When considering different ERP software options, it's essential to assess the scalability of the solution. An ERP system can help identify and mitigate various risks by integrating risk management functionalities. Another crucial factor to consider is ease of use.

Small Business 40

Small Business Automation Risk Process 40

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Industries that use AI must find a balance between harnessing the power of AI for positive transformation and mitigating its potential risks.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

Resilience has moved away from recovery and further towards anticipation, mitigation, and adaptability to these challenges. Resources will be able to more rapidly assess changes and provide impact analysis on regulatory or, more importantly, innovate changes. The final pillar is business continuity and incident response.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88