PYMNTS

NOVEMBER 15, 2016

The first step is to assess a business’ risk, whether it be environmental or whether a threat stems from business resources, like equipment failures or a disruption in the supply chain. Assessing risk involves examining these threats, as well as identifying vulnerabilities within an organization.

Security 76

Security Cybersecurity Small Business Third Party Vendors 76

Neopay

OCTOBER 15, 2024

Moving beyond ‘box-ticking’ assessments While assessments are an essential part of training, they should not become a formality. Open questions encourage participants to reflect on and articulate their grasp of key topics, allowing a deeper assessment of how well they understood the material. Screening results.

Audit 59

Audit Compliance Assessments Financial Crimes 59

The Fintech Times

JUNE 7, 2024

The copilot plug-in is system-agnostic, acting as one central copilot that can be used on top of all web-based enterprise applications, pulling data from any system including Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents.

Financial Crimes 64

Financial Crimes Crime AI Third Party Vendors 64

FICO

JULY 23, 2020

I recently spoke with Chris Wallace, Director of Cyber Risk at T-Mobile , on how his team of professionals is managing the additional risk that fourth parties — companies that T-Mobile’s 30,000 existing third-party vendor partners may subcontract to — can introduce. . Identifying Critical Third-Party Connections.

Risk 52

Risk Third Party Vendors Assessments Risk Management 52

PYMNTS

APRIL 11, 2016

The company focuses on mitigating supplier and vendor risk for financial institutions by assessing how secure those suppliers and vendors operate online. Traditionally, banks assess third-party vendor risk simply be sending out an email, or even an Excel spreadsheet, to all its partners.

Third Party Vendors 40

Third Party Vendors Assessments Mitigation Risk 40

PYMNTS

APRIL 10, 2017

New York rules for banks and insurers include stipulations that firms must scrutinize all third-party vendors that provide them goods and services. They must also perform risk assessments in order to design a cybersecurity program particular to them.

Cybersecurity 44

Cybersecurity Regulations Third Party Vendors Risk Assessment 44

Global Fintech & Digital Assets

DECEMBER 21, 2023

Operational Risk Banks furnishing BNPL loans via automated processes “with instantaneous credit decisioning and frequent strong reliance on third parties” may experience higher rates of borrower fraud and default.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Innovative Payments Association

SEPTEMBER 5, 2024

In today's interconnected business landscape, companies often rely on third-party vendors, suppliers, and partners to help them operate efficiently and effectively. In addition to monitoring performance, organizations should also pay close attention to compliance and risk management aspects of third-party relationships.

Boot Camp 52

Boot Camp Due Diligence Third Party Vendors Compliance 52

PYMNTS

MARCH 6, 2017

While hackers got into the POS systems through a faulty firewall or third-party vendor, once in they were able to install malware that located unencrypted credit card information — which was then sent to remote servers, packaged and resold on the black market. PCI P2PE Scope Reduction and Assessments.

Data Breach 47

Data Breach Third Party Vendors Encryption Identity Theft 47

PYMNTS

AUGUST 26, 2016

The CFPB fine comes separate from the $3 million fine for unfair billing practices that the Office of the Comptroller of Currency has assessed on the bank. 25) in a written statement, while also noting that many of the services the CFPB took issue with had been offered through a third-party vendor with whom they have since severed ties.

CFPB 40

CFPB Credit Cards Third Party Vendors Push-to-Card 40

PYMNTS

AUGUST 4, 2017

Typical advice from top security officials can range from being careful with third-party vendors to giving consumers more control over their own data. As such, each business will need to conduct a thorough assessment of its security systems.

Posting 44

Posting Consumer Data Breach Third Party Vendors 44

Clearly Payments

SEPTEMBER 13, 2024

This includes the cost of developers, consultants, or third-party vendors who specialize in payment integrations. If you’re unsure, Clearly Payments offers consulting services to help you assess your specific needs. ERP, e-commerce platforms) can be significant.

Payment APIs and Integration 104

Payment APIs and Integration Multi-Currency Payments Gateways 104

The Fintech Times

JUNE 20, 2024

As organisations rely on third-party vendors for various services like cloud computing, payment processing or customer service, these external relationships can introduce vulnerabilities if proper oversight and due diligence aren’t conducted.

Risk 59

Risk Cybersecurity Data Breach Ransomware 59

PYMNTS

MAY 15, 2017

With the changing roles and demands tied to security, she said, efforts are going well beyond the questionnaires sent out to third-party vendors querying about the controls that they may have in place — in effect “going from ‘trust’ to ‘verify,’” as she put it, with even on-site, independent assessments an increasing occurrence.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

PYMNTS

JUNE 16, 2016

Therefore, many retailers are turning to third-party providers to support payment and fraud management instead. With that, Byrnes said that merchants must assess the increased risk and shopping friction accordingly, while also being aware of the growing threat of the fast fraud associated with the consumer demand for digital goods.

Third Party Vendors 40

Third Party Vendors Risk Fraud Detection Fraud Prevention 40

PYMNTS

AUGUST 20, 2018

According to Bloomberg, citing people familiar with the situation, Zelle is in the process of enhancing its risk assessment tools in effort to make it safe for people to pay small businesses via the app. The peer-to-peer (P2P) payments app, Zelle , is contemplating an expansion beyond enabling payments between family and friends.

FBI 40

FBI Zelle ATM Credit Cards 40

Core

MARCH 19, 2024

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

PYMNTS

AUGUST 20, 2018

According to Bloomberg, citing people familiar with the situation, reports Zelle is in the process of enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses via the app. There is no set release date for the new functionality – according to reports.

FBI 40

FBI Zelle Credit Cards ATM 40

Nanonets

MARCH 22, 2023

Organizations dealing with sensitive financial data may be hesitant to use a third-party vendor for their AP processes. This can help assess the risk involved and the safety measures in place to prevent security breaches. Hence they might want to consider AP Automation instead.

Accounts 52

Accounts Duplicate Automation Privacy 52

Nanonets

SEPTEMBER 22, 2023

In today's competitive business landscape, optimizing operations and effectively managing relationships with external vendors are key priorities for any organization.  Furthermore, the use of vendor management solutions enables organizations to leverage data for informed decision-making.

Automation 52

Automation Compliance Process Risk 52

Nanonets

SEPTEMBER 25, 2024

Third-party vendor management When working with external vendors, vet their security protocols and compliance measures to ensure they meet industry standards.    To maintain data privacy and user trust, always stay compliant with regulations like GDPR, HIPAA, and SOC.

Process 52

Process AI Best Practices Reconciliation 52

Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While Continuous assessment: Even after installation and running procurement automation tools, constant appraisals of the software’s performance would help optimize the system and avoid errors.

Process 52

Process Automation Product Third Party Vendors 52

CB Insights

MARCH 2, 2018

As of February 26, Amazon will begin Fulfillment By Amazon (FBA) service for third-party vendors, and will potentially ship its private-label Amazon Essentials brand in the future. WeLab runs a mobile app that analyzes users’ phone habits to assess creditworthiness. Mobile Commerce: 2. Internet Software & Services: 2.

On-Demand 68

On-Demand Acquirers Product Continuity 68

Fintech Labs Insights

JULY 22, 2015

Fueled by a strong, open API strategy, Backbase’s platform gives FI’s the ultimate freedom and flexibility to work with any core and third party vendor, to create a best-of-breed digital banking offering for their clients. Backbase will talk about its Digital Banking Platform and its Open Banking Marketplace.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API Non-Bank 29

VISTA InfoSec

MAY 5, 2025

Conduct a self-assessment Perform gap analysis to assess your current security posture. Document and report compliance Maintain detailed records of assessments, audits, and actions taken. Third-Party Risk Management The Challenge: Your security is only as strong as your weakest link, which often includes third-party vendors.

SWIFT 130

SWIFT Security Compliance MFA 130

VISTA InfoSec

APRIL 1, 2025

Even third-party vendors who handle electronic data for these industries must comply. From assessing your current systems to helping you implement strong security controls, we will guide you every step of the way. Medical Devices: For tools and devices used in medical treatment.

Legal 147

Legal Compliance Regulations Third Party Vendors 147

The Fintech Times

MARCH 1, 2025

The timing made the situation worse, coinciding with HMRC s self-assessment deadline and a key payroll period. He says says that while IT failures may stem from a range of issues technical glitches, third-party vendor failures, or traffic spikes banks should be doing more to catch them early.

Third Party Vendors 69

Third Party Vendors Treasury Fraud Detection FinTech 69

The Payments Association

APRIL 14, 2025

This includes undertaking robust fraud risk assessments, embedding tailored internal controls, and delivering ongoing staff training. Next steps/action required: Assess eligibility and readiness for direct RTGS or CHAPS participation under the Bank of Englands revised access framework.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88