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

Finextra

JULY 7, 2025

However, rapid growth brings challenges including scaling operations, ensuring regulatory compliance and maintaining robust IT infrastructure. For fintech startups, navigating these complexities without in-house expertise can lead to inefficiencies and risks. billion in the first half of 2024 , defying a global downturn.

FinTech 52

FinTech Payment APIs and Integration PCI DSS AI 52

Neopay

MARCH 6, 2025

regular compliance audits: Proactive audits help in identifying gaps before they escalate into major regulatory breaches. client asset protection: Ensuring that client funds are safeguarded through proper controls and oversight is essential for maintaining trust and regulatory compliance.

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

Fintech Review

MAY 10, 2025

This model reduces fraud risks , improves working capital efficiency, and increases customer control over every card interaction. Better data visibility also supports regulatory compliance, audit preparation, and financial reconciliation for global operations.

Payment APIs and Integration 52

Payment APIs and Integration Embedded Finance API Regulatory Compliance 52

M2P Fintech

MARCH 24, 2025

Data Analytics: Making Informed Decisions Data is now the lifeblood of modern loan management, empowering lenders with insights to assess creditworthiness, predict risk, and personalize loan terms. Predictive analytics forecasts borrower behavior and market trends, enabling proactive risk management.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

Finextra

JUNE 2, 2025

Open Banking frameworks baked in audit trails, secure authentication, and regulatory oversight to ensure that when you share your data, it’s handled safely. Of course, modular systems also bring new risks. Both worlds have had to learn that open innovation must be accompanied by robust risk management.

Finance 52

Finance Payment APIs and Integration API Regulations 52

Fintech Weekly

JUNE 8, 2025

However, these integrations can also pose security risks. The average app uses between 26 and 50 APIs , all of which may have different levels of encryption, authentication, regulatory compliance and data formats. Many APIs come from third-party developers, so they may contain vulnerabilities. Gateways offer a solution.

API 78

API Payment APIs and Integration Security FinTech 78

The Fintech Times

FEBRUARY 5, 2025

Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.

Compliance 64

Compliance Cybersecurity Audit AI 64

The Fintech Times

JUNE 24, 2025

While its benefits are extremely useful, are there any risks associated with using the tech in the insurance sector? However, while the upside is considerable, there are still important risks insurers must actively manage. When exploring some of the biggest emerging trends in the insurtech industry, one recurring theme was AI.

AI 45

AI Risk Automation Regulatory Compliance 45

Finextra

JUNE 6, 2025

Established platforms like Coinbase, Kraken, and Gemini prioritize these elements, creating accountability mechanisms that protect users from potential risks. Regulatory Compliance and Licensing Regulatory compliance represents a primary indicator of exchange legitimacy. Published audit results.

Cryptocurrency 72

Cryptocurrency Volume Regulatory Compliance Compliance 72

Finextra

JULY 7, 2025

Protecting Sensitive Information: The risk of exposing sensitive information like Personally Identifiable Information (PII), financial records, trade secrets, and intellectual property is a constant threat. This includes implementing robust access controls, multi-factor authentication, and regular security audits.

AI 59

AI Payment APIs and Integration Audit Governance 59

The Fintech Times

JUNE 25, 2025

Having already delved into whether AI-driven claims automation poses any risks, we now turn our attention to a broader use of AI by insurers. This may become more of a challenge as AI starts to influence more and more aspects of insurance, and this puts consumer trust at risk.

AI 45

AI Risk Underwriting Automation 45

Fintech Weekly

JUNE 10, 2025

Based on DevCom’s audit projects, we've seen companies incur avoidable costs due to inadequate review procedures. We don’t just audit and walk away—we help teams implement changes, improve skills, and evolve their review processes over time.

Blockchain 78

Blockchain FinTech Payment APIs and Integration Web 3.0 78

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML PCI DSS Compliance 136

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. Learn more here about top investments and explore their cybersecurity measures.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Firms must ensure that they select credible partners with the appropriate level of expertise in the industry.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit 56

Audit AI Regulatory Compliance Duplicate 56

FloQast

MAY 9, 2024

In the intricate dance of modern business, compliance programs serve as vital navigational guides, steering organizations through a labyrinth of regulations and risks. They not only uphold regulatory standards but also inform strategic decisions and protect stakeholders’ interests.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

VISTA InfoSec

FEBRUARY 13, 2024

Audits play a complementary role by ensuring that existing security measures align with both internal policies and external regulatory requirements. In jurisdictions where regulatory compliance is stringent, such as in Singapore, audits are an indispensable part of the cybersecurity framework.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

FICO

JULY 31, 2019

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Risk 70

Risk Security Risk Assessment Risk Management 70

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. What’s next? With many firms facing supervisory interventions due to poor safeguarding, there is a strong sense of urgency.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Fintech Review

JUNE 18, 2024

Standardize portfolio management procedures and segregate duties to minimize operational risk. Foster a culture of compliance. Develop workflows that embed regulatory compliance into every aspect of hedge fund operations. Assess operational risk regularly. Avoid costly errors and regularly lapses.

Reconciliation 98

Reconciliation Compliance Regulatory Compliance Best Practices 98

Nanonets

DECEMBER 13, 2023

In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data. 1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes.

AI 102

AI Process Fraud Detection Compliance 102

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

FICO

MAY 24, 2021

A new report released today by FICO and market intelligence firm Corinium, entitled The State of Responsible AI , finds that most companies are deploying AI at significant risk. Not understanding how these decisions are made, and whether they are ethical and safe, creates enormous legal vulnerabilities and business risk.

AI 98

AI Governance Regulatory Compliance Government 98

The Fintech Times

NOVEMBER 26, 2024

Lana Sinelnikova – business compliance and enterprise-wide risk assessment director Sinelnikova’s team provides end-to-end compliance control and advice to various business units across their products’ lifecycle and develops compliance risk programs on both global and local levels.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

The Finance Weekly

JULY 19, 2022

Risk Management. Analyzing the effects of past and future financial activities and behavior in order to evaluate risk. Ensuring that the company's accounts and finances are audit-ready at closing. Improving the company's budget and resource allocation. Proactive budgeting with an expert understanding of company finances.

CRM 240

CRM Finance Database Automation 240

The Payments Association

MARCH 19, 2025

A modular polyglot architecture, where banks adopt a diverse ecosystem of technologies, for example, relational databases for transactions, NoSQL for real-time data, and distributed ledgers for auditability, offers strategic response. Theres a thin line between being a hero and being a memory. But what does this look like in practice?

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

AI 113

AI Innovation Financial Crimes Crime 113

Innovative Payments Association

AUGUST 29, 2024

Conduct a Risk Assessment Before building a compliance program, businesses should conduct a thorough risk assessment to identify potential compliance risks. This includes assessing the risk of money laundering, financial crime, and regulatory violations.

Cannabis Banking 52

Cannabis Banking Boot Camp Compliance Money Laundering 52

The Fintech Times

SEPTEMBER 13, 2024

. “Institutions can focus on deriving value from new initiatives, such as improving their internal processes in response to regulatory requirements. “Regtech solutions tailored for compliance empower companies to automate, streamline, and elevate their regulatory processes, dramatically reducing the risk of non-compliance.

Compliance 72

Compliance FinTech Reconciliation Audit 72

Fintech Review

FEBRUARY 11, 2025

Machine learning algorithms detect fraud, assess risks, and optimise trading strategies. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments. Regulatory compliance also poses challenges. AI excels in data analysis.

AI 66

AI FinTech Risk Assessment Assessments 66

Nanonets

MAY 22, 2023

It ensures financial integrity, reduces risks, and aids in decision-making. Prevent fraud and errors: Strong financial controls reduce the risk of errors that could lead to financial loss and reputational damage. In the process, they help prevent fraud and ensure regulatory compliance.

Automation 98

Automation Procedures Audit Process 98

FICO

JUNE 5, 2017

Risk stratification and minimization. Facilitating engineering, deployment, management and regulatory compliance: While text and the process of analyzing it can be quite complex, the results need to be simple to understand and use. Fraud, waste and abuse detection. Insurance prediction and modeling.

XML 108

XML Origination Regulatory Compliance CRM 108

PYMNTS

JULY 11, 2019

The identity component of this is probably not being driven by nefarious motives — it’s being driven by the need for having regulatory compliance in multiple jurisdictions, not an identity that is tied to any one particular government.”. Or, you could try to implement some sort of certification program or an audit process.

Risk 49

Risk Cryptocurrency Regulations Regulatory Compliance 49