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 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Fintech News

FEBRUARY 10, 2025

It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive. However, ethical implementation and regulatory oversight remain critical to ensuring its benefits are maximised while mitigating risks.

AI 82

AI FinTech Fraud Detection Fraud Prevention 82

Neopay

DECEMBER 4, 2024

Why responsible data sharing matters The UK GDPR and the Data Protection Act 2018 (DPA) support the responsible sharing of personal data when mitigating scams and fraud. For scams and fraud prevention, legitimate interests often apply, requiring a robust three-part legitimate interests assessment (LI assessment).

Scams 52

Scams Fraud Prevention Laws Assessments 52

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.

Money Laundering 113

Money Laundering Crime Risk Law Enforcement 113

Finovate

DECEMBER 11, 2024

With the launch of its new GenAI Financial Crime Detection Suite, ThetaRay aims to enhance risk assessment, streamline operational workflows, and strengthen anti-money laundering (AML) reporting to reduce fraudulent activity, such as money laundering and terrorist financing. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

The Fintech Times

MAY 5, 2024

Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk. ” The post Resilience Launches New Cyber Risk Tools to Empower Clients to Improve Their Risk Mitigation appeared first on The Fintech Times. .”

Risk Mitigation 69

Risk Mitigation Mitigation Risk Ransomware 69

Fintech Review

MARCH 25, 2025

Nikos Andrikogiannopoulos, CEO of Metrika, emphasized the significance of the collaboration: “By bringing our technology together with Moody’s Ratings’ expertise in evaluating financial exposures, we demonstrated how digital asset risks can be quantified within traditional risk assessment systems.

Risk 52

Risk Assessments Risk Management Blockchain 52

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform. The post Dwolla Partners with Plaid to Future-Proof Pay by Bank Payments appeared first on FF News | Fintech Finance.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

Seon

JUNE 24, 2024

Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity. How to Conduct a Thorough Identity Risk Assessment Each organization’s journey demands a meticulous understanding of its vulnerabilities and risks.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

FloQast

JANUARY 22, 2025

Comprehensive Gap Assessment One of the first steps was analyzing our existing controls through the lens of ISO 42001s requirements. This measured approach not only mitigates risks, but also unlocks new possibilities for our customers. Heres a closer look at how we earned this recognition and strengthened our operations along the way.

ISOs 105

ISOs AI Accounts Audit 105

The Fintech Times

MARCH 31, 2025

So we are delighted to support smaller companies as well as larger corporates with this innovative AI driven insurance product, creating pricing mitigations that were previously only available to multinationals and speculators through hedging strategies. ChAIs new insurance product solves this problem.

Risk 64

Risk AI Underwriting Gateways 64

Trade Credit & Liquidity Management

JUNE 2, 2025

Open Lines of Communication and Understanding Calibrate Perceptions: Regularly assess how your department is perceived by sales, customers, and management. To receive new posts and support our work, consider becoming a subscriber. Is this post helpful? Trade Credit & Liquidity Management is a reader-supported publication.

Liquidity Management 52

Liquidity Management Risk Mitigation Risk Assessments 52

Fintech News

DECEMBER 12, 2023

Credit rating agency S&P Global Ratings has unveiled its new stablecoin stability assessment service, designed to evaluate their capability in maintaining a stable value in comparison to traditional fiat currencies. The assessment methodology employed by S&P Global Ratings is thorough and multifaceted.

Stablecoins 117

Stablecoins Assessments Risk Assessment Risk 117

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 72

Mitigation Risk Underwriting Risk Assessment 72

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. The updated assessment highlights increased risks due to economic and geopolitical shifts, as well as the rise in technology-enabled transactions.

Money Laundering 109

Money Laundering Risk Crime Law Enforcement 109

Fintech News

FEBRUARY 21, 2024

In response, the National Institute of Standards and Technology (NIST) has initiated a global effort to standardise post-quantum cryptography (PQC), which includes identifying quantum-resistant cryptographic algorithms compatible with existing communication protocols to safeguard against CRQC threats.

Third Party Vendors 113

Third Party Vendors Cybersecurity Mitigation Encryption 113

Finovate

MARCH 14, 2025

SBCA uses anonymized, item-level transaction data to help lenders assess small business financial performance, enabling faster underwriting, reduced risk, and improved loan terms. Photo by Rachel Claire The post Mastercard partners with CredibleX to empower SMEs with enhanced access to financing appeared first on Finovate.

Visa 52

Visa Finance Embedded Finance Financial Inclusion 52

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Fi911

FEBRUARY 26, 2025

Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Regularly Test Security Systems and Processes : Conduct routine penetration tests and vulnerability assessments. Conduct a PCI-DSS Gap Assessment: Identify deficiencies in your security posture compared to PCI-DSS requirements.

PCI DSS 54

PCI DSS Compliance MFA Assessments 54

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. What Is an Internal Audit Risk Assessment? In an internal audit risk assessment process internal auditors use to evaluate an organization’s potential risks and vulnerabilities.

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

Fintech News

AUGUST 20, 2024

Dian highlighted that while digitalisation offers significant efficiency benefits, it also introduces challenges and risks that must be mitigated to ensure banking stability. “This requires a resilient banking system because it can affect the continuity of bank operations and businesses.

AI 113

AI Mitigation Assessments Risk 113

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. The post COSMIC Platform Goes Live in Singapore to Combat Financial Crime appeared first on Fintech Singapore.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

FICO

MAY 29, 2020

In the UK alone, it is estimated that more than 80 million affordability assessments are completed each year, most of which are done manually over the telephone. It has taken a long time, but the capabilities are now available to make affordability assessment quick, safe, forward-looking, and intelligent.

Assessments 52

Assessments Mitigation Adjustments Risk 52

Fintech News

JUNE 12, 2024

The complex nature of climate change, its global impact, and varying mitigation strategies across jurisdictions make monitoring and analysing climate-related financial risks particularly challenging. In response, BIS and MAS launched Project Viridis to explore the development of a climate risk platform.

Authorization 113

Authorization Risk Assessments Central Bank 113

Fintech Review

APRIL 3, 2025

William Rieke, whose background includes financial modeling and automation, added, We are applying AI not only to assess sentiment and trends but also to refine execution strategies in real time. Our systems are structured to interpret large-scale data inputs, allowing us to manage volatility and risk exposure effectively.

AI 52

AI Risk Management Risk Assessment Assessments 52

VISTA InfoSec

SEPTEMBER 26, 2023

We’ve delved into this new act in our series of blog posts. If you’re new to our site or have just come across our website, we highly recommend perusing our earlier posts, especially “ Understanding the Basics of the DPDP Act , ” for a thorough grasp of the DPDP Act. So, without further ado, let’s dive in!

Compliance 130

Compliance Breach Privacy Mitigation 130

Fintech News

APRIL 28, 2024

The accreditation was granted following a meticulous evaluation process conducted by SFA, with an independent assessment by Price Waterhouse Coopers (PwC). Introduced in October 2022, the BNPL Code of Conduct aims to mitigate risks of consumer over-indebtedness and ensure fair practices within the sector.

BNPL 109

BNPL Compliance Accreditation Consumer Protection 109

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). You may also post your questions in the comment section to get answers to your queries. They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). You may also post your questions in the comment section to get answers to your queries. They require an annual on-site assessment by a Qualified Security Assessor (QSA) and quarterly scans.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. Featured image credit: Edited from Freepik The post Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia appeared first on Fintech Singapore.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

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 130

Compliance Risk Management Third-Party Service Provider Audit 130

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 109

Accounts Scams Phishing Payee 109

Fintech Finance

MAY 22, 2025

Risk Assessments & Readiness: Enhancing preparedness through cyber defense exercises, scenario planning, and threat-casting workshops to anticipate and mitigate evolving risks. The post Mastercard Launches Cyber Resilience Center in Saudi Arabia appeared first on FF News | Fintech Finance. Mastercard has invested $10.7

Visa 88

Visa Cybersecurity Best Practices Risk Mitigation 88

Finovate

JUNE 3, 2025

“Our partnership with Spayce unites robust payment infrastructure with ThetaRay’s Cognitive AI to deliver proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to power global growth.” Founded in 2013, ThetaRay made its Finovate debut at FinovateFall 2015 in New York.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Financial Crimes Crime 52

The Fintech Times

FEBRUARY 15, 2025

This platform enhances financial compliance through real-time data processing, risk assessment, and regulatory alignment, ensuring that financial institutions meet Saudi Arabias evolving fintech regulatory landscape. The post Announced at LEAP 2025: The Next Step for Saudi Arabia Financial Innovation appeared first on The Fintech Times.

Innovation 64

Innovation Fraud Prevention AI Compliance 64

Cardfellow

APRIL 27, 2025

You may recognize the Self-Assessment Questionnaire (SAQ) that businesses using the Defined Approach will submit. Called Compensating Controls, this option allows a business with a legitimate and documented technical or business constraint that prevents them from meeting a requirement to implement other controls that mitigate the risk.

PCI DSS 52

PCI DSS Encryption Processors Credit Cards 52

VISTA InfoSec

OCTOBER 20, 2023

Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Hot sites: Have facilities for immediate takeover post-disaster.

Disaster Recovery 130

Disaster Recovery Procedures Regulatory Compliance Duplicate 130