VISTA InfoSec

OCTOBER 21, 2024

As per a survey conducted by Dragonfly Financial Technologies at the beginning of the year 2024, 92% of banks planned to maintain or increase their technology investments in 2024. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

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. Banks and cross-border payment service providers are especially at risk of being exploited for laundering proceeds from these crimes due to their transnational operations.

Money Laundering 109

Money Laundering Crime Risk Law Enforcement 109

Fi911

FEBRUARY 26, 2025

It applies to any entity that processes, stores, or transmits credit card information making it especially relevant to banks and financial institutions. Non-compliance can lead to hefty fines, security vulnerabilities, and loss of customer trust. Continually assess and refine your systems to address evolving threats.

PCI DSS 53

PCI DSS Compliance MFA Assessments 53

Clearly Payments

APRIL 10, 2025

Interchange Fees These go directly to the customers bank (the card-issuing bank ). and non-negotiable. Card Brand Fees Also known as assessment fees, these are charged by Visa, Mastercard, American Express, and Discover. Also non-negotiable. Rates vary by card type (e.g., Usually a small percentage (e.g.,

Credit Cards 59

Credit Cards Process Processors Non-Bank 59

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 106

Money Laundering Risk Crime Law Enforcement 106

Finovate

DECEMBER 16, 2024

The collaboration integrates Plaid’s open banking services with Capitalise’s Instant Offers to simplify and streamline small business funding. The partnership is designed to simplify business funding, leveraging Open Banking to offer pre-approvals to 150,000 small businesses. are embracing open banking technology.

Small Business 59

Small Business Non-Bank Risk Assessment Finance 59

Paystand

OCTOBER 23, 2024

Table of Contents What Are Dues and Assessment fees? What is the difference between a fee and an assessment? What is the Difference Between Acquirer Fees and Dues and Assessments? What is the Difference Between Assessments and Interchange Fees?

Assessments 40

Assessments Non-Bank Acquirers Processors 40

VISTA InfoSec

NOVEMBER 12, 2024

Because it is mandated by payment card brands and banks for all businesses handling payment card data. This puts them in a prime position to become targets for cybercriminals, making payment security compliance non-negotiable. 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

Because it is mandated by payment card brands and banks for all businesses handling payment card data. This puts them in a prime position to become targets for cybercriminals, making payment security compliance non-negotiable. 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

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

VISTA InfoSec

OCTOBER 7, 2024

As per a survey conducted by Dragonfly Financial Technologies at the beginning of the year 2024, 92% of banks planned to maintain or increase their technology investments in 2024. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

The Fintech Times

APRIL 15, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. .

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Finezza

JANUARY 4, 2024

A combination of superior risk assessment, fraud detection capabilities, and quick and accurate underwriting turnaround can transform a lender’s success rate with borrowers and reduce non-performing assets. The revenue growth and profitability of a lending business depend on several factors.

Transactions 94

Transactions Fraud Detection Risk Assessment Underwriting 94

Stax

MAY 6, 2025

Acquiring bank This is the merchant bank that allows the business to receive money from card transactions and store these funds. The issuing bank This is the cardholders bank or the financial institution that issued their credit or debit card. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

EBizCharge

MAY 1, 2025

and can cover the costs associated with transferring funds between banks, fraud prevention, and compensating card networks, payment processors, and issuing banks. Assessment fees are imposed by credit card networks to cover the cost of operating their global networks. These fees typically range from 1.5%

Credit Cards 52

Credit Cards Process Processors B2G 52

Cardfellow

MARCH 22, 2025

Interchange, as set by Visa and Mastercard, is non-negotiable. Downgrades and Enhanced Data Categories: The Non-Malicious Problem Padded Interchange: The Malicious Problem Costs of Processing Appearing Competitive Is padded interchange the same as tiered pricing? The other two are assessments , which can also be padded, and markup.

Process 40

Process Processors Credit Cards Non-Bank 40

Stax

DECEMBER 12, 2024

This system guarantees secure data transmission between banks and card networks like Visa, Mastercard, and Discover. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. POS systems and card readers.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Treasury 141

Treasury Rules Bitcoin Ransomware 141

M2P Fintech

MARCH 24, 2025

Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. “One-click” loans become reality through instant credit assessments. For example, more accurate credit assessments lead to reduced default rates.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Fintech News

AUGUST 12, 2024

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. Generative AI driving banking and fintech trends in India Generative is one of India’s biggest fintech trends highlighted in the report.

Embedded Finance 110

Embedded Finance FinTech Non-Bank Cross-Border 110

Fintech Finance

SEPTEMBER 11, 2024

Now celebrating its 20th anniversary edition, the report predicts instant payments will account for 22% of all non-cash transaction volumes by 2028 globally. Non-cash transactions boom; APAC leading adoption Non-cash transaction volumes rose to 1,411 billion in 2023 and are on track to reach 1,650 billion in 2024.

Instant Payments 98

Instant Payments Accounts Innovation Non-Bank 98

Fintech Review

FEBRUARY 18, 2025

Embedded finance is transforming industries by incorporating financial services directly into non-financial platforms. This integration allows businesses to offer banking-like services, enhancing customer experience and simplifying transactions. This shift is redefining traditional banking structures. What is Embedded Finance?

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

The Payments Association

MAY 3, 2025

But open banking has struggled due to inconsistent API access from incumbent banks. As non-financial platforms increasingly offer financial services under their own names, she pointed out, this raises significant regulatory challenges. When PIS was introduced, it seemed like the future, she remarked.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Fintech News

JULY 3, 2024

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

Finance 113

Finance Online and Mobile Banking Micro-Entry Non-Bank 113

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. They are one of our most sophisticated clients in terms of advanced analytics.”. by FICO.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

M2P Fintech

APRIL 11, 2025

The Reserve Bank of India (RBI) has released the Draft Directi ves 2025 on Lending Against Gold Collateral, bringing a much-needed regulatory reset to a sector thats long operated in silos. Financial Implications: Non-compliance could result in financial penalties, provisioning burdens, or reputational damage.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

The Fintech Times

APRIL 3, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Whether it be retailers, ride-hailing apps, super-apps, or other non-bank service providers, embedded finance appears to be making its way into every sub-sector.

Embedded Finance 126

Embedded Finance Finance Non-Bank Online and Mobile Banking 126

Fintech News

MAY 22, 2024

Arctic Intelligence (Australia) Headquartered in Sydney, Australia, Arctic Intelligence is a multi-award-winning regtech company specializing in financial crime risk assessment technologies. For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. Transparently.AI

Financial Crimes 93

Financial Crimes Crime APACS Risk Assessment 93

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. The IMC’s recommendations aim to adapt Singapore’s AML framework to counter increasingly sophisticated criminal methods.

Money Laundering 119

Money Laundering Law Enforcement Financial Crimes Due Diligence 119

The Fintech Times

APRIL 15, 2025

Al Ansari Exchange , the UAE-based remittance and foreign exchange company, and Ruya Islamic Community Bank (ruya), a digital-first Islamic community bank, are working together to enhance financial inclusivity and convenience for customers across the UAE.

FinTech 64

FinTech Payment APIs and Integration Non-Bank Community Banks 64

Stax

SEPTEMBER 17, 2024

And when that happens, non-compliance can lead to many degrees of harm to any and all business owners. This includes applying security patches promptly, conducting regular vulnerability assessments, and maintaining secure coding practices throughout the development lifecycle.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Open Banking Excellence

SEPTEMBER 21, 2023

Banks, fintechs, all other financial institutions and their supply chains must take the necessary steps to comply or risk paying a very heavy price both financially and reputationally. Banks and other companies which provide financial services in Europe already have plans in place for their IT security, but we need to go one step further.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Fintech News

SEPTEMBER 29, 2024

These schemes are facilitated by the fact that many BNPL firms do not conduct formal credit checks, instead relying on internal algorithms to quickly assess new clients. The legislation established the CCOB and the Council for Consumer Credit Malaysia (CCC) to ensure fair treatment across financial services providers, including non-banks.

BNPL 129

BNPL Scams Identity Theft Non-Bank 129

EBizCharge

MAY 5, 2025

Credit card processing fees are comprised of several fees, such as: Interchange fees: Interchange fees are paid to the card-issuing bank and typically consist of a percentage of the total transaction amount plus a small, fixed charge. Assessment fees: Assessment fees are imposed by major credit card networks (Visa, Mastercard, etc.)

Credit Cards 52

Credit Cards Small Business Process ACH 52

Stax

NOVEMBER 15, 2023

TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. Interchange fees themselves are non-negotiable and they’re charged whenever a merchant accepts credit card payments. Assessment fees Then, you’ve got assessment fees.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

The Fintech Times

APRIL 8, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. First, we turn our attention to the growth of Banking-as-a-Service (BaaS). “Do they have a banking licence that means their customers’ money is protected up to a certain level?

FinTech 116

FinTech BSA Regulatory Compliance Money Laundering 116