Fintech Review

MAY 7, 2024

Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. It is essential to mitigate these risks to prevent potentially devastating impacts.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

VISTA InfoSec

SEPTEMBER 5, 2024

Powering down the device if its showing signs of significant compromise, but only after assessing if its safe to do so. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures. What should SMEs do in case of a cyber attack?

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

Powering down the device if it’s showing signs of significant compromise, but only after assessing if it’s safe to do so. These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures. What should SMEs do in case of a cyber attack?

Security 130

Security Phishing Ransomware Risk Assessment 130

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. October 2024: TD Bank$3 BillionAML TD Bank was fined $3 billion, including a $1.3

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Seon

APRIL 24, 2024

million households in the United States lack access to traditional financial services, the challenge of assessing creditworthiness is more pressing than ever. The advent of cryptocurrency has also introduced a new layer of complexity and uncertainty in evaluating financial risk. In a world where over 1.4 Of this number, 5.04

Assessments 52

Assessments Risk FDIC Risk Assessment 52

Fintech Finance

AUGUST 2, 2024

Advanced Features and Capabilities Key features include support for SWIFT, SEPA, and ISO20022 payment formats, device fingerprinting, biometric authentication, real-time monitoring, and AML screening. Key Benefits: Proactive Risk Monitoring : Enhanced efficiency through automation and reduced false positives with advanced algorithms.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Clearly Payments

JANUARY 8, 2024

In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Nanonets

DECEMBER 13, 2023

Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns. In addition, AI employs predictive analytics to assess and analyze historical claims data. Encryption techniques and access controls further enhance data protection.

AI 102

AI Process Fraud Detection Compliance 102

Neopay

MARCH 5, 2024

Guidance enhancements: Beneficial ownership transparency: A risk-based guidance for the implementation of Recommendation 25 on beneficial ownership and transparency of legal arrangements has been developed. Firms are advised to update their internal jurisdiction lists accordingly.

AML 52

AML Risk Assessment Money Laundering Assessments 52

The Payments Association

OCTOBER 3, 2024

Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently. Neglecting the backend infrastructure can lead to fragmented systems that fail to deliver the seamless and efficient user experience customers expect.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

PYMNTS

JANUARY 22, 2021

Many consumers are therefore eager for auto financing to be as swift as possible, and companies like auto financing provider Westlake Financial see disbursements delivered over the RTP® network as the future of the industry. There was a lot of risk assessment: ‘What happens if this happens? What if that happens?’

RTP 56

RTP Finance Security Real Time Payments 56

Nanonets

AUGUST 1, 2023

AI integration also significantly benefits risk assessment, allowing auditors to perform sophisticated analyses of a client's data, guiding them towards areas that demand closer scrutiny. Risk Assessment: AI assists auditors in assessing risks by analyzing historical data, industry trends, and financial ratios.

Audit 52

Audit Risk Assessment AI Assessments 52

Seon

JUNE 24, 2024

A critical aspect of cybersecurity, the fundamentals within this realm center on three main components: identifying, assessing and mitigating risks associated with digital identities and access controls across an organization. Employee training on identity risk management best practices strengthens organizational defenses.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Trade Credit & Liquidity Management

MARCH 19, 2025

“At Bectran, we intend to be the one-stop shop in our client's credit and AR journey, finding innovative ways to increase their operational efficiency and risk management capabilities.”

Verification 40

Verification Risk Return Ratios Risk Assessment 40

The Fintech Times

NOVEMBER 27, 2024

“Effective regulation targets specific areas – such as anti-money laundering protocols, capital reserve requirements and third-party risk assessments of crypto companies – without applying blanket restrictions that stifle growth.

Regulations 112

Regulations Stablecoins Risk Consulting 112

Fintech Review

SEPTEMBER 5, 2024

Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI is pioneering a new era in fraud prevention. In 2023, investment scams alone led to more than $4.5

Scams 52

Scams Blocks AI Fraud Prevention 52

EBizCharge

JULY 22, 2024

Risk Management: Businesses can also proactively assess and manage financial risks associated with marketing campaigns to avoid high-risk investments and ensure financial transparency and accountability, so expenditures align with company objectives.

Risk Assessment 52

Risk Assessment Assessments Risk Mitigation 52

The Fintech Times

SEPTEMBER 19, 2024

Javvad Malik , lead security awareness advocate at KnowBe4 “One of the key benefits of risk orchestration is that it enables organisations to be more proactive in their approach to risk management. “Risk orchestration also helps to improve collaboration and communication between different teams and departments. .”

Risk 59

Risk Financial Crimes AML Risk Management 59

Fintech News

APRIL 17, 2024

AutoWealth’s personalised risk assessment ensures that investors are matched with portfolios that align with their risk tolerance and investment goals. To help guide decision-making, here are 10 robo advisors presently operating, and what differentiates them in the Singapore market. #1

Advisors 128

Advisors Online and Mobile Banking Risk Returns 128

The Fintech Times

MARCH 27, 2024

. “To identify potential front and shell companies, financial services firms need to actively monitor transaction volumes and frequencies, while examining clients and counterparties for high-risk indicators such as locations of owners and controllers.

Money Laundering 93

Money Laundering Financial Crimes Crime Due Diligence 93

Fintech News

MAY 20, 2024

Register Here AI in Finance: Risk Management Challenges and Opportunities May 28 2024, 18:00 CEST The financial landscape is undergoing rapid transformation, with AI playing a central role. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 136

FinTech Embedded Finance BNPL On-Demand 136

Seon

APRIL 11, 2024

Speak with an Expert Enhancing Risk and Fraud Assessment Through FRAML When a risk team needs to assess an individual, they would first look into traditional AML checks, such as sanctions, politically exposed persons (PEPs), and crime and financial watch lists for hits to inform their investigation.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. Data visualization software presents data in a visual context, using GRC (Governance, Risk, and Compliance) dashboards, enhancing understanding and analysis.

Audit 52

Audit Automation Bots Risk Assessment 52

The Fintech Times

MARCH 28, 2024

Our insurance sector partners and clients who have adopted satellite-based risk assessments see the clear benefits and have come back to ask for more. With our satellite-based monitoring and risk assessment technology we have swiftly created the capability to address this gap.

Innovation 69

Innovation Consumer On-Demand Risk Assessment 69

Nanonets

AUGUST 1, 2023

A comprehensive survey conducted by Ernst & Young LLP assessed the progress of 16 banking and wealth management firms, comparing the findings to a similar study conducted in 2014. This speed is especially crucial in rapidly changing regulatory environments, where swift auditing is necessary to maintain compliance.

Audit 40

Audit Automation Risk Assessment Assessments 40

Seon

APRIL 23, 2024

As an umbrella term, fraud risk management encompasses the systematic processes of identifying, assessing and responding to an organization’s fraud risk. For each risk, assess the probability and likely severity, then align the identified risks with the organization’s appetite for risk, classifying them in order of priority.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

The Fintech Times

FEBRUARY 22, 2024

One of our biggest challenges was to develop efficient and automated risk assessment tools to swiftly deliver our final decisions to customers. However, we analyse around 30,000 entities annually. This demands substantial analytical data and resources.

Risk Assessment 59

Risk Assessment Underserved On-Demand SWIFT 59

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

The Fintech Times

FEBRUARY 20, 2024

Jumio , a provider of automated, end-to-end identity verification, risk assessment and compliance solutions, names Igor Beckerman as chief financial officer. LaFleche, formerly of SWIFT, Temenos and Fiserv , offers strategic insights into market dynamics.

FinTech 64

FinTech B2B Non-Bank Compliance 64

PYMNTS

NOVEMBER 22, 2019

Device risk assessment programs can determine whether these value checks are coming from a small number of devices, indicating that hackers could be using botnets to further their schemes. One such attack occurred in 2017, when a botnet called GiftGhostBot ordered more than four million account balance requests every single hour.

Credit Cards 52

Credit Cards Irrevocability Void Crime 52

Nanonets

JULY 25, 2023

The goal of financial analysis is twofold: to make internal assessments for managerial decision-making and to make external assessments to determine the firm's value or context. Ratio Analysis: Ratio analysis involves calculating and interpreting various financial ratios to assess a company's financial health and performance.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52

M2P Fintech

MARCH 28, 2024

Automated Clearing House (ACH) The ACH is a central system for electronic fund transfers, facilitating swift, secure, and cost-effective movement of funds between financial institutions. It’s essentially a risk assessment to determine the likelihood of the borrower repaying the debt according to the agreed terms.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

M2P Fintech

FEBRUARY 25, 2025

By analyzing borrower behavior, loan performance, and market trends, LMS provides insights that enhance risk assessment and optimize loan offerings. These data-driven insights enable lenders to assess risks, make informed decisions, and optimize loan management strategies to improve profitability and reduce potential losses.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation BNPL 52

Fintech Labs Insights

AUGUST 17, 2016

Cortera leverages the purchase data to create analytics such as new customer risk assessments, customer portfolio risk monitoring, supplier risk management, customer segmentation, insurance underwriting, customer profitability modeling, and loan default prediction.

Database 17

Database Risk Assessment Underwriting SWIFT 17

Exact Payments

JANUARY 4, 2024

Furthermore, all new and updated code should not only be tested for known vulnerabilities but also assessed for potential unknown weaknesses. It includes regular updates, formal risk assessments, and a designated person or team to manage its implementation.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Seon

MAY 31, 2024

In addition to the financial burdens, compliance operations face significant hurdles in regulatory reporting, customer risk assessment and digital identity authentication. The convergence of these obstacles, compounded by the heightened risks of financial crime, is exerting a profound impact on various facets of business operations.

Fraud Prevention 52

Fraud Prevention Fraud Detection Compliance Money Laundering 52

Nanonets

DECEMBER 4, 2023

Digital order entry: Order initiation involves capturing order details, which traditionally require manual data entry and pose risks of human error. Conduct periodic audits and risk assessments of automated order processing systems. Educate staff on data security best practices in the context of automated systems.

Automation 52

Automation Process Payment APIs and Integration Returns 52