VISTA InfoSec

MAY 15, 2025

SWIFT, the global backbone for secure financial messaging, plays a critical role in enabling fast and reliable cross-border transactions. But as cyber threats grow more advanced, financial institutions must implement robust SWIFT security controls to safeguard their systems and prevent fraud. SWIFT Environment Protection 1.2

SWIFT 100

SWIFT Security Best Practices PCI DSS 100

VISTA InfoSec

MARCH 28, 2024

Adhering to compliance might involve appointing a data protection officer, conducting impact assessments for new projects, and understanding the rights of individuals regarding their data. Hence, understanding GDPR compliance and other data protection laws is essential in keeping you abreast of regulatory trends.

Data Breach 278

Data Breach Regulatory Compliance Breach Encryption 278

VISTA InfoSec

MARCH 13, 2025

Regular monitoring and testing of networks: Performing routine security assessments. Implementing strong access control measures: Limiting access to cardholder data based on job responsibilities. Maintaining an information security policy: Establishing a documented security strategy. The latest version PCI DSS v.4.0

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech News

OCTOBER 27, 2024

Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious. Additionally, both FIs and PSPs are mandated to provide a 24/7 self-service “kill switch,” accessible by phone or app, enabling consumers to block account access if unauthorized activity is suspected.

Phishing 135

Phishing Scams Blocks Authorization 135

Fintech Finance

MARCH 11, 2025

over the assessed period. Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Out of the 1000 companies recognised, Clear Junction ranks 448th, posting a remarkable CAGR of 67.7% since 2020.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Correspondent Multi-Currency 85

VISTA InfoSec

JUNE 19, 2024

Best Practices for Securing Video Communication Choose the Right Platform When evaluating different platforms, assess their security features comprehensively. The impact can be devastating, leading to significant financial losses, operational disruptions, and reputational damage.

Risk 277

Risk Ransomware Phishing MFA 277

Fintech Finance

MAY 30, 2024

Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs. AI’s capability for confidential data sharing could be a game-changer for the industry.

Cross-Border Payments 64

Cross-Border Payments Cross-Border SWIFT AI 64

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix.

Risk Assessment 54

Risk Assessment Assessments B2B Risk 54

VISTA InfoSec

MARCH 6, 2024

assessment, understanding these changes to Requirement 10 will help you strategize your implementation approach. Other Logs Review "periodically" based on the company's risk assessment Periodic review is still required but now explicitly mentioned in Requirement 10.4.2 Maintains the risk assessment step. assessment.

PCI DSS 130

PCI DSS Procedures Best Practices Risk Assessment 130

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. This data helps paint a picture of what to expect from customers in different regions, aiding in the detection of potential fraud and assessing loan default risks.

Assessments 52

Assessments Risk FDIC Risk Assessment 52

The Finance Weekly

APRIL 25, 2022

Portfolio exposure and balance sheets: Restricting Russia’s access to the SWIFT network makes it more difficult for financial institutions to collect on loans to Russian-based organizations. Office of Foreign Assets Control list and subscribing to the updates on U.S. Treasury sanctions across the globe.

Finance 269

Finance Cybersecurity Risk Treasury 269

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. These sophisticated tools enhance decision-making, transforming the trading landscape.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

Trade Credit & Liquidity Management

JUNE 25, 2025

In this data-driven economy, risk assessment demands more than simply evaluating whether a customer will pay their bills. Complex Supply Chains: With global and multi-tiered supply chains, companies need to assess not just their direct partners but also their partners’ partners. Editors Note: Want to learn more?

Risk Assessment 52

Risk Assessment Regulatory Compliance Assessments Payment APIs and Integration 52

The Finance Weekly

NOVEMBER 20, 2023

Equipped with precise forecasts and AI-driven insights, leaders in financial planning and analysis (FP&A) can: Base decisions on data Establish achievable financial objectives Adapt resource distribution Assess investment possibilities 4. FP&A leaders experience , significant advantages when they embrace AI.

AI 130

AI Finance SWIFT Risk 130

PYMNTS

MAY 31, 2016

The Belgium-based Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT , said it may also make security practices that are optional in its system — such as two-factor authentication of payment instructions — a requirement for all customers.

SWIFT 41

SWIFT Procedures Best Practices Authentication 41

FICO

AUGUST 10, 2022

Covid to Cost-of-Living: Assessing Affordability in Uncertain Times. Affordability Assessments and Unrestrained Lending. Reasonable steps to assess and understand a customer’s ability to be able to pay in the future had to be taken, to ensure financial difficulties or adverse consequences were not incurred. by Matt Cox.

Assessments 52

Assessments BNPL On-Demand Origination 52

VISTA InfoSec

OCTOBER 11, 2023

In this process, you’ll come across key terms like PCI SAQ (Self-Assessment Questionnaire), AOC (Attestation of Compliance), and PCI ROC (Report on Compliance). Among other things, the AOC confirms that the merchant has completed a valid Report on Compliance (ROC) and Self-Assessment Questionnaire (SAQ). Let’s focus on the ROC for now.

PCI DSS 130

PCI DSS Audit Compliance Assessments 130

PYMNTS

MAY 25, 2016

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists. “Many of the less protected banks are in countries w[h]ere skills are really scarce,” he added.

SWIFT 40

SWIFT Security Federal Reserve Procedures 40

PYMNTS

SEPTEMBER 19, 2019

Digital ID is being defined and implemented today, and we recognize the importance of swift action to close the identity gap,” said Dakota Gruener, executive director of ID2020, in an announcement. Now is the time for bold commitments to ensure that we respond both quickly and responsibly.

Governance 112

Governance Government SWIFT Advisors 112

Fintech Finance

MARCH 10, 2025

over the assessed period. Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Out of the 1000 companies recognised, Clear Junction ranks 448th, posting a remarkable CAGR of 67.7% since 2020.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Correspondent Multi-Currency 59

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88

PYMNTS

SEPTEMBER 23, 2019

SWIFT announced last year that it is planning to allow its users to send data-rich ISO 20022 messages across its global network starting in November 2021. If payments are not fully enabled for ISO 20022 by the time SWIFT rolls the system out, messages might get cut off. The industry group prefers same-day implementation. .

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

The Finance Weekly

NOVEMBER 27, 2023

To assess your company's financial well-being, it's better to be objective rather than subjective. It helps you assess whether you have enough cash available for a significant expense. Unlike the current ratio, which assesses the likelihood of making payments within a year, the quick ratio provides a more precise gauge of this ability.

Assessments 130

Assessments Returns Accounts Automation 130

The Finance Weekly

AUGUST 26, 2023

Across various sectors, boards of directors are increasingly mandated to assess and disclose the effectiveness of risk management processes within their respective organizations. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates. This helps lenders proactively tackle credit risks.

Risk Management 130

Risk Management Risk AI Liquidity Risk 130

Fintech Finance

MARCH 6, 2025

over the assessed period. Expansion of multi-currency SWIFT services, extending its reach across Latin America, Asia-Pacific, and EMEA, enabling more financial institutions to access seamless cross-border payment solutions. Out of the 1000 companies recognised, Clear Junction ranks 448th, posting a remarkable CAGR of 67.7% since 2020.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Correspondent Multi-Currency 52

PYMNTS

JUNE 29, 2017

With a brother in the restaurant industry, Swift Sensors co-founder Sam Cece, a former CEO of multiple enterprise software companies, knew the challenges and frustrations as well as anyone. Almgren said establishments typically see a return on investment for the Swift Sensors system in under six months.

SWIFT 77

SWIFT Regulations Assessments Continuity 77

PYMNTS

AUGUST 17, 2016

It looks like after all the Sturm und Drang, Bangladesh’s central bank will not take action against the Federal Reserve Bank of New York and SWIFT network over the $81 million theft it suffered earlier this year. “We only assessed different options, including the legal [option],” Saha said on Tuesday.

Fed 40

Fed SWIFT Central Bank Correspondent Bank 40

PYMNTS

NOVEMBER 27, 2019

That’s where I believe it becomes an assessment for each participant in the payments chain to consider.”. For faster payments, technological innovation is introducing newer capabilities, but as Halpin emphasized, it will ultimately be up to the payments community of end users whether that technology is used.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

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

PYMNTS

AUGUST 11, 2017

And in that context, PayPal’s just-announced acquisition of Swift Financial, as it moves to expand the purview of its PayPal Working Capital program, strikes a distinct chord. Working Capital leverages the front seat view that PayPal has into their merchants’ businesses to assess their creditworthiness — and their ability to pay back a loan.

SWIFT 47

SWIFT PayPal Acquirers Federal Reserve 47

The Payments Association

JANUARY 13, 2025

Introduction of resolution packs : These packs must include essential documents and information that would facilitate swift action during insolvency, reducing delays in fund distribution to customers. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

Compliance 88

Compliance Audit Legal Reconciliation 88

Fintech News

DECEMBER 17, 2023

With years of practical experience in executing complex integration projects and supporting data orchestration initiatives globally, Zühlke will be able guide organisations through the entire cloud transformation, architecture design, data integration, and partner assessment journey. Why become part of a financial services ecosystem?

Payment APIs and Integration 143

Payment APIs and Integration Money Laundering Due Diligence SWIFT 143

Fintech Finance

NOVEMBER 18, 2024

The new regulatory framework is designed to ensure customer money is safe at all times while held by payment providers, and that customers will be given a swift refund in the event of a company collapse. The proposed changes follow problems and delays in providing customer refunds after the collapse of several large payment providers.

Consulting 97

Consulting Payments Regulations Procedures 97

VISTA InfoSec

SEPTEMBER 26, 2023

Assessing Penalties for Non-Compliance In the process of determining the monetary penalty to be imposed under Section 33 (1) , the Board takes into consideration several key factors. Swift and effective actions could potentially lower the penalty. 6.Proportionality

Compliance 130

Compliance Breach Privacy Mitigation 130

Fintech Finance

SEPTEMBER 5, 2024

This can be attributed in large part to Ume’s proprietary deep neural network credit scoring model and engine that continuously assesses risk throughout the consumer journey and swiftly adapts credit conditions and policies.

PayPal 104

PayPal BNPL Payment Networks SWIFT 104