VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

It is a digital security framework that works alongside the General Data Protection Regulation (GDPR) to provide strong security protection to financial entities and ICT service providers from cybercrimes. It helps the organization systematically address potential vulnerabilities and enhance cyber resilience.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Neopay

APRIL 8, 2024

However, exemptions exist for businesses, regardless of size, that must make timely payments to suppliers, subject to agreement with their payment service provider. How does it benefit payment service providers? The post Extra time for payment service providers to investigate fraud appeared first on Neopay.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

Stax

NOVEMBER 27, 2023

Even if you’re not in the financial industry, you’ll need a payment processor or payment service provider (PSP) to start generating revenue, which means you’ll need to either have a proper risk management framework in place—or work with a PSP that has one. In the U.S.,

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Stax

NOVEMBER 21, 2024

This is why it’s so important to go for a payment services provider (PSP) that offers robust credit card fraud prevention services to protect you from fraudulent chargebacks and help you better generate evidence to protect your business during chargeback disputes. You are likely better off opting for a third-party platform.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Neopay

JANUARY 25, 2024

The European Banking Authority (EBA) on 16th January extended its Guidelines on money laundering (ML) and terrorist financing (TF) risk factors to crypto-asset service providers (CASPs). The amending Guidelines will apply from 30 December 2024.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Fintech Times

JULY 9, 2025

When a bank misses glaring red flags like customers listing addresses as ‘Buckingham Palace’ or ‘10 Downing Street’, it raises serious questions about how risks were assessed and who was (or wasn’t) paying attention. Consumers trust digital banks to grow without cutting corners; this case damages that trust.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

Finovate

FEBRUARY 15, 2024

Taktikal Taktikal is a regtech cloud solution that allows fintech companies to set up regulated workflows faster than ever before in a no-code self-service environment. Payment providers, financial service providers, insurance companies, professional services, and banks.

Due Diligence 59

Due Diligence Risk Assessment CRM AI 59

Fintech News

DECEMBER 17, 2023

The financial services ecosystem allows organisations to do so most effectively. A great example of the benefits a financial ecosystem can deliver is global technology innovation service provider Zühlke’s collaboration with an Asian digital bank.

Payment APIs and Integration 143

Payment APIs and Integration Money Laundering Due Diligence SWIFT 143

The Fintech Times

JANUARY 25, 2024

Given this backdrop, things are about to become a lot more complex for banks and financial service providers as they seek to onboard new customers and maintain due diligence on existing ones. Forming a risk-based approach can help FIs link their methodology back to their wider risk appetite and strategy.

Risk 59

Risk Due Diligence Financial Crimes Money Laundering 59

The Payments Association

MAY 9, 2025

UK-regulated firms must ensure that complete originator and beneficiary information accompanies all relevant transfers, including specific requirements for crypto-asset service providers under the Travel Rule. In 2023, the UK Financial Conduct Authority (FCA) fined Guaranty Trust Bank (UK) Ltd 7.6

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

Stax

DECEMBER 27, 2023

In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

The Payments Association

OCTOBER 14, 2024

It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. This decision follows consultations with payment service providers (PSPs) and pressure from The Payments Association after concerns that the higher cap would impose heavy financial burdens on smaller firms and start-ups.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

The Fintech Times

JULY 20, 2024

It also notes that there must be enhanced information sharing and coordination for the examination of cloud service providers. Additionally, firms must assess existing authorities for cloud service provider (CSP) oversight. Hsu Acting Comptroller of the Currency.

Treasury 59

Treasury FS-ISAC Consumer Financial Protection Bureau (CFPB) Due Diligence 59

Neopay

DECEMBER 20, 2023

Indicators for enhanced due diligence The NCA, in collaboration with other government agencies, has outlined red flags to assist businesses in identifying potential illicit activities. We assess transaction monitoring and fraud prevention systems, empowering your organisation to detect and prevent illicit activities effectively.

Due Diligence 52

Due Diligence End User Crime Financial Crimes 52

FICO

DECEMBER 17, 2020

Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. This includes $2.8 billion lost in exchange theft and security breaches, and $4.8

Cryptocurrency 52

Cryptocurrency Risk Financial Crimes Crime 52

Segpay

JANUARY 30, 2025

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. The Intersection of AI and Financial Services Payment facilitators are key to accept and manage financial transactions.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

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 Due Diligence Procedures 59

PYMNTS

JULY 15, 2020

Speaking with PYMNTS, eCapital Corporate President Steve McDonald explained that small businesses can indeed find value in such offerings, but emphasized the importance of SMBs doing their research when it comes to assessing all of their financing options. The Right Fit.

Innovation 54

Innovation Due Diligence End User Small Business 54

Stax

DECEMBER 20, 2023

TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. In simple terms, merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account.

Underwriting 88

Underwriting Process Enrollments Payment APIs and Integration 88

The Fintech Times

MARCH 5, 2024

Meo (formerly NewBanking), the Danish end-to-end platform helping clients with risk assessment and continuous due diligence, has secured €1.67million for increased growth and expansion in Europe – expanding clients beyond the traditional banking sector to VCs and law firms. New investors include Banco Popular and Mana Ventures.

FinTech 59

FinTech Online and Mobile Banking Due Diligence Legal 59

Segpay

OCTOBER 4, 2023

What is the Role of a Payment Service Provider (PSP) In affiliate marketing, PSPs play a crucial role as they process the financial transactions between the various parties involved in the affiliate marketing ecosystem. This lack of control can lead to affiliates engaging in unethical or non-compliant marketing activities.

Security 52

Security Due Diligence Compliance Payments 52

The Fintech Times

JUNE 20, 2024

The financial services industry continues to face unrelenting cyber-attack attempts due to the nature of high-value data it houses. Financial services providers of all types are in the crosshairs of sophisticated hackers, and it’s easy to understand why.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

Core

FEBRUARY 6, 2024

Vendor Verification and Due Diligence Government organizations that work with external service providers should thoroughly validate vendor details to ensure accuracy and legitimacy. However, ongoing evaluation of their practices, compliance standards, and cybersecurity measures are essential aspects of due diligence.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements. For fraud, the focus was historically on customer identity.

Risk 59

Risk Financial Crimes AML Risk Management 59

PYMNTS

DECEMBER 11, 2019

Data capture technology firm Ephesoft recently struck a collaboration with Alliance Bank Malaysia Berhad in the latest example of how bank-FinTech collaboration is a strategy that’s quickly spreading around the world — and of how integrations are supporting the financial service providers themselves, too.

Payment APIs and Integration 52

Payment APIs and Integration Small Business Due Diligence Cross-Border Payments 52

The Fintech Times

MARCH 6, 2024

Painting bank-fintech partnerships, and the risks associated with them, with a broad brush, negatively impacts responsible companies that are working tirelessly to assess the actual risks associated with a given product, service, or partnership.

OCC 69

OCC FinTech Non-Bank Regulations 69

CB Insights

SEPTEMBER 14, 2017

The AI stack relies on services provided by public cloud vendors and open source projects. Investment by cloud giants — such as Google, Amazon, Facebook, Microsoft, and Baidu — into AI services has facilitated a shift away from proprietary vendors owning the stack. How companies can leverage AI.

AI 78

AI Automation Research Due Diligence 78

EBizCharge

JUNE 20, 2024

An efficient accounts receivable (AR) process is essential to maintaining any company’s financial health, as it represents the money customers owe for goods or services provided on credit. This due diligence reduces the risk of bad debt and strengthens financial planning and risk management strategies.

Best Practices 52

Best Practices Accounts Disputes Procedures 52

Segpay

APRIL 1, 2025

This long-read delves into the key distinctions between regulations in France and the UK and the implications for merchants and payment service providers. Implementation Deadline: Services must have effective age verification systems operational by July 2025. While their goals align, their approaches and legal frameworks differ.

Verification 45

Verification Regulations Online and Mobile Banking Privacy 45

FICO

MARCH 6, 2020

The individual business risk assessment plays an important role and lays the foundation for any institution’s AML/ CTF program, including the IT-based monitoring strategy and software settings. Regulators want financial services providers to do more to prevent financial crime and terrorism financing. Absolutely.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

EBizCharge

JULY 3, 2024

Commonly utilized in sectors like healthcare, telecommunications, and insurance, it allows a specialized organization or service provider to manage the invoicing and collection of payments on behalf of the original company, streamlining AR operations and improving cash flow.

Regulatory Compliance 52

Regulatory Compliance Due Diligence Process Breach 52

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Issuance of Tokenised Securities: Intermediaries issuing Tokenised Securities remain responsible for the arrangement, regardless of outsourcing to third party service providers.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

Fintech Labs Insights

NOVEMBER 18, 2015

Outside IQ’s DDIQ- cob uses a cognitive computing engine with natural language processing to offer financial execs and investors advanced compliance due diligence. Reach Savings’ simple investment service, with the female investor demographic in mind, offers tools and inspiration for new investors.

Payment APIs and Integration 31

Payment APIs and Integration Non-Bank Multi-Currency Risk 31

Finovate

JANUARY 24, 2025

It sets clear IT security standards, focusing on managing information and communication technology (ICT) risks, improving incident reporting, and overseeing third-party ICT service providers. Additionally, weak credit checks and poor due diligence practices heighten the risk of users falling into financial overextension.

Regulations 73

Regulations FinTech BNPL Cross-Border 73