Fintech Review

FEBRUARY 11, 2025

Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments.

AI 66

AI FinTech Risk Assessment Assessments 66

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

Nanonets

DECEMBER 13, 2023

2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.

AI 102

AI Process Fraud Detection Compliance 102

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

FICO

MARCH 24, 2021

Apart from identifying money laundering and terrorist financing risks in trade transactions, organizations must also think about potential anti-bribery and corruption concerns, as being pressured to pay bribes can lead to FCPA (Foreign Corrupt Practices Act) violations and hefty fines. . Conducting internal monitoring and auditing.

Money Laundering 98

Money Laundering SARS Fincen Financial Crimes 98

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks.

AML 52

AML Financial Crimes Risk Assessment Due Diligence 52

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. Infrastructure.

Risk 70

Risk Security Risk Assessment Risk Management 70

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. Audits, advice and reviews from third-party specialists such as Neopay are essential now really.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

The Payments Association

MAY 16, 2025

The FCA’s final guidance, issued in April 2025, outlines “reasonable procedures,” including fraud risk assessments, internal controls, staff training, and governance oversight. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

SEPTEMBER 18, 2024

Solutions: Choose a reputed automation tool that adheres to national and global compliance and regulatory standards such as GDPR, HIPAA, SOC2, ISO 27001, FedRAMP (in the U.S.) Financial document automation is crucial to ease employee stress, improve customer service, reduce turnaround times, and enhance regulatory compliance.

Automation 52

Automation Audit Payment APIs and Integration Compliance 52

FICO

MARCH 6, 2020

As a one-stop supplier for anti-financial crime, we cover all compliance-related requirements in a truly integrated solution that breaks down financial crime risk management silos. We help customers speed up time to compliance by 50%, with lower implementation and maintenance costs and fewer IT and project resources.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

M2P Fintech

JANUARY 28, 2025

The platform ensures seamless operations, 100% regulatory compliance, and reduced errors, helping lenders accelerate product launches, enhance operational efficiency, and scale with ease. CloudBankin CloudBankins Loan Management System offers a seamless, end-to-end solution that drives efficiency and simplifies the loan lifecycle.

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. KYT is a staple part of both AML and CTF compliance because scrutinizing financial activity is a core way to prevent money laundering and terrorist financing. It achieves this through transaction and behavior monitoring, risk assessment, and alert generation.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Segpay

DECEMBER 7, 2023

Appointing compliance officers Allowing external audits Providing access to data to researchers Enabling users to flag illegal or harmful content. More information about secure payment practices and their importance in maintaining regulatory compliance can be found here.

Compliance 52

Compliance Regulatory Compliance Privacy Data Security 52

Neopay

DECEMBER 2, 2024

Rather than making it difficult for criminals and then providing audit trails to assist the UK Financial Intelligence Unit (UKFIU), the onus now is on stopping any financial crime including money laundering from happening at all. The balance of prevention and reporting The balance has swung drastically to prevention rather than reporting.

Money Laundering 52

Money Laundering Financial Crimes Crime Compliance 52

M2P Fintech

FEBRUARY 25, 2025

Institutions that rely on outdated systems risk falling behind. By leveraging Loan Management Software , lenders can streamline operations, deliver personalized services, ensure regulatory compliance, and scale effortlessly to meet the demands of a diverse and growing customer base.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation BNPL 52

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

Nanonets

SEPTEMBER 27, 2024

These pain points span across various aspects of insurance operations, from customer experience and fraud prevention to operational efficiency and regulatory compliance. Manual processes increase the risk of non-compliance with regulations dramatically. This can cause issues with audit and credibility certifications.

Process 52

Process Underwriting Automation Database 52

Segpay

MARCH 10, 2025

However, challenges such as technical compatibility, regulatory compliance, and security risks must be addressed to ensure a smooth, secure, and legally compliant integration. Segpay helps reduce chargebacks with AI-powered fraud detection, risk assessment tools, and automated dispute resolution processes.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

M2P Fintech

APRIL 29, 2025

Additionally, rising delinquencies due to borrower over-leveraging and economic hardships further jeopardize MFI stability.Implementing robust client identification processes and regular audits can mitigate these risks. Compliance monitoring tools ensure adherence to regulatory requirements, minimizing legal and financial risks.

Technology 52

Technology Assessments Risk Assessment Compliance 52

The Fintech Times

APRIL 1, 2025

As organisations face mounting security vulnerabilities and compliance challenges, Zip for Risk Orchestration enables global enterprises to streamline supplier risk assessments, financial verification, and regulatory compliance, enabling businesses to mitigate risks related to fraud, security breaches, and costly enforcement actions.

Mitigation 59

Mitigation Risk Verification Risk Management 59

Fintech News

FEBRUARY 11, 2025

According to Deloitte , the financial services sector is one of the largest adopters of artificial intelligence (AI) , with over 60% of financial institutions leveraging AI-powered solutions for decision-making, risk assessment, and automation. To bridge the regulatory gap, APAC financial institutions should do something, fast.

AI 119

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 119