Fintech Review

OCTOBER 16, 2024

While the potential returns are attractive, the risks involved can be significant. At Fintech Review we explore yield farming and liquidity mining, analysing the rewards and inherent risks associated with these strategies. One of the biggest risks is smart contract vulnerabilities. Market volatility is another critical risk.

Assessments 98

Assessments Risk Returns Audit 98

Fintech Finance

FEBRUARY 5, 2025

Ballerine , an AI risk intelligence platform designed to help financial institutions, fintechs, and marketplaces automate and optimize merchant onboarding, verification, and lifecycle monitoring processes, announced the appointment of Cihat Fitzgerald as Chief Risk Officer.

Risk 59

Risk Law Enforcement Regulatory Compliance Compliance 59

The Fintech Times

JANUARY 6, 2024

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Supervisors will subsequently assess the extent to which banks can cope under such a scenario.

Central Bank 141

Central Bank Assessments Procedures Laws 141

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. Why is it important?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

NOVEMBER 17, 2024

A new partnership has been announced between LexisNexis Risk Solutions , the insurance data and advanced analytics provider, and TransUnion , the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers.

Risk 59

Risk Finance Assessments Product 59

VISTA InfoSec

MARCH 25, 2025

Organization that are certified by CREST goes thorough assessments of their methodologies, quality assurance processes, and data security measures, offering assurance to clients seeking reliable and trustworthy security services. CERT-IN Empanelment : Recognized by the Indian government as a trusted security assessor.

Cybersecurity 130

Cybersecurity Accreditation PCI DSS Assessments 130

Finextra

APRIL 2, 2025

Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and Nasdaq (Nasdaq: NDAQ) today announced that Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC), a SaaS platform that supports an open ecosystem where specialized model partners make their models, (..)

Acquirers 52

Acquirers Risk Assessments Addressing 52

The Fintech Times

MARCH 31, 2025

To provide insurance to companies of all sizes against pricing risk at a time of unprecedented volatility in the raw materials market, ChAI , the AI-driven commodity intelligence company, has launched ChAI Protects. ChAI Protect is already utilised by large publicly traded firms and is underwritten by tier one, A-rated, underwriters.

Risk 64

Risk AI Underwriting Gateways 64

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. This process helps reduce the risk of unauthorized transactions and fraud. What is a Bank Identification Number (BIN)?

Process 104

Process Processors Payments Compliance 104

Cardfellow

MAY 3, 2025

The Self-Assessment Questionnaire (SAQ) is a series of yes or no questions about your security practices. PCI standards are designed to increase security and minimize risk of things like data breaches. The post Help with PCI Self-Assessment Questionnaire appeared first on CardFellow Credit Card Processing Blog. What is the SAQ?

Assessments 52

Assessments Processors Credit Cards Data Breach 52

Fintech News

DECEMBER 23, 2024

Mastercard stated that the acquisition will bolster its cybersecurity services, which focus on assessing cyber risks, protecting the digital ecosystem, and building trust for businesses and individuals worldwide. The acquisition, valued at US$2.65 billion, was first announced in September this year.

Visa 125

Visa Cybersecurity AI Assessments 125

Fintech News

APRIL 10, 2025

Although these limitations were stated in the platforms terms and conditions, Tan noted that customers might not have fully grasped the implications or associated risks. While product features like instant withdrawals dont require regulatory approval, MAS mandates proper risk management and transparent disclosures.

Product 104

Product Finance Debit Card Authorization 104

Fintech Review

MARCH 25, 2025

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. Transparency and risk management are critical to supporting institutional engagement in tokenized finance.”

Risk 52

Risk Assessments Risk Management Blockchain 52

VISTA InfoSec

MAY 24, 2024

Benefits of PCI DSS compliance for a small business: Enhanced Security reduces the risk of data breaches, fraud, and unauthorized access to sensitive cardholder data. It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech Finance

MARCH 25, 2025

The partnership’s aim is to enhance Fundiin’s risk management capabilities, reduce costs, and expand credit opportunities for Vietnamese consumers, especially the unbanked and underbanked. Furthermore, it lays a foundation for Fundiin to explore further collaboration opportunities in the future.

Risk Assessment 97

Risk Assessment Risk Management BNPL Best Practices 97

VISTA InfoSec

MARCH 13, 2025

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. Regular monitoring and testing of networks: Performing routine security assessments. Implementing strong access control measures: Limiting access to cardholder data based on job responsibilities.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech Finance

DECEMBER 10, 2024

The Trustfull platform addresses these challenges by offering open-source intelligence insights and real-time analysis on user contact details and location, enabling BNPL businesses to accurately differentiate between legitimate customers and high-risk applicants.

Fraud Prevention 97

Fraud Prevention BNPL Addressing Compromise 97

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

VISTA InfoSec

OCTOBER 21, 2024

They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.

CCPA 208

CCPA Privacy Assessments Laws 208

The Payments Association

FEBRUARY 14, 2025

With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. Firms must ensure robust trust arrangements and clear segregation of customer funds to minimize financial risk. The FCA sees industry collaboration as critical.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

NOVEMBER 27, 2024

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. Sumsub’s own Identity Fraud Report 2024 indicates that crypto is a high-risk industry for fraud. said James Smith, Co-founder of Elliptic.

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

Fintech News

MAY 29, 2025

In terms of prediction, bolttech is using AI to enhance risk assessment and offer personalised insurance products, including real-time adjusted premiums based on driving behaviour for auto insurance. The company aims to reduce loss ratios over time through three core AI-driven functions: prediction, prevention, and recovery.

AI 111

AI Risk Assessment Bots Underwriting 111

Fintech News

FEBRUARY 10, 2025

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. Theres a risk that AI could inadvertently expose data through cyberattacks, algorithmic vulnerabilities, or insufficient safeguards.

AI 86

AI FinTech Fraud Detection Fraud Prevention 86

VISTA InfoSec

OCTOBER 21, 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 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Fintech Finance

DECEMBER 23, 2024

Its suite of cybersecurity services focuses on assessing cyber risk exposure, providing AI and other technology-driven innovations to protect the digital ecosystem and making continuous advancements to organize trust for people and businesses around the world.

Visa 98

Visa Cybersecurity AI Assessments 98

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

The Payments Association

MAY 16, 2025

And the risks are real. AI systems can instantly assess whether a transaction seems legitimate, spotting issues before they even reach a human reviewer. Custom systems to match specific risks Fraud isnt a one-size-fits-all issue. The risks an online retailer faces arent the same as those for a FinTech platform.

AI 88

AI Security Fraud Prevention Fraud Detection 88

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Data leakage, model biases, and a lack of transparency in AI decision-making are just a few of the potential privacy risks that must be considered. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

VISTA InfoSec

JUNE 18, 2024

Conduct A Vulnerability Assessment Imagine your business as your house, but instead of gold jewelry, you have customer information and secret formulas on the computer. Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Outdated software? Weak passwords?

Data Security 266

Data Security Security Encryption Cybersecurity 266

The Fintech Times

DECEMBER 9, 2024

The tech giant argues that the move, which the CFPB says is aimed at addressing potential consumer risks, constitutes regulatory overreach. The move follows the agencys use of a dormant legal authority revived in 2022 to oversee nonbank entities deemed to pose risks to consumers.

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Regulations Legal 75

The Payments Association

MAY 16, 2025

AI is transforming compliance in financial services, offering efficiency gains while introducing new risks that demand robust governance. 85% of digital-first payment firms report live AI integration, particularly in fraud analytics and real-time risk scoring. Artificial intelligence (AI) is no longer a futuristic concept.

Compliance 88

Compliance AI Risk Audit 88

Stax

APRIL 8, 2025

Interchange and assessment fees are set by card networks and are non-negotiable. Interchange fees cover transaction processing costs, fraud prevention costs, and the risk incurred by the issuing bank if the cardholder fails to pay. Assessment fees Assessment fees go to the payment network or the credit card network.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Clearly Payments

APRIL 24, 2025

Assessment fees: These go to the card networks like Visa and Mastercard. Acquirer fees: Acquirer fees go to the financial institution that underwrites the credit and takes the financial risk. The first three fees interchange and assessments and acquirer are generally fixed by the card networks and banks.

Large Merchants 99

Large Merchants Process Processors Volume 99

Fintech Finance

NOVEMBER 21, 2024

It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks. These checks often lack the granular, real-time insights into income and expenses that lenders need to assess customers fairly. over the holidays, with £759.71—nearly nearly three-quarters—financed through retail credit.

Credit Cards 95

Credit Cards Assessments On-Demand Rules 95

Fintech Finance

JANUARY 13, 2025

Crypto and e-money innovation: Assessing the coexistence and competition between stablecoins, CBDCs, e-money, and traditional payments. Combating fraud in payments: Exploring the evolution of fraud, data-sharing strategies, liability allocation, and the role of digital ID in preventing financial crime.

Finance 97

Finance Financial Crimes Crime Stablecoins 97

Fintech News

MARCH 6, 2025

The first solution introduced through the program is Bitdefender Security for AWS, which integrates with GravityZone, Bitdefenders flagship security and risk analytics platform.

ISVS 104

ISVS Security Cybersecurity Best Practices 104

Finovate

MARCH 24, 2025

Regtech Financial services compliance company Thistle Initiatives launches its integrated Risk Management as a Service (RMaaS) solution. Insurtech Voice-based risk assessment technology company Clearspeed teams up with insurance provider 1st Central.

FinTech 85

FinTech Fraud Prevention Encryption Risk Assessment 85