VISTA InfoSec

OCTOBER 7, 2024

ICT Risk Management The first pillar of the DORA ICT risk management implies that financial entities must implement strong risk management frameworks to identify, assess, and mitigate risks related to Information and Communication Technology (ICT).

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. Regular reviews and audits ensure your systems and processes stay aligned with regulatory changes.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

Fintech News

FEBRUARY 10, 2025

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. These systems continuously learn from interactions, optimise their performance, and proactively solve problems in various domains.

AI 85

AI FinTech Fraud Detection Fraud Prevention 85

FloQast

MAY 9, 2024

However, the path to compliance is fraught with challenges , including large upfront costs, organizational chaos, and reactive risk assessment processes. Amidst these challenges, the recent enhancements to FloQast’s Compliance Management solution offer a beacon of hope for finance and accounting teams.

Compliance 105

Compliance Audit Risk Assessment Assessments 105

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

Fintech News

JANUARY 25, 2024

ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and risk management. The system is designed to unify the dispute management process and includes features like dashboards, automation, and transaction auditing.

AI 120

AI Disputes Risk Management Risk Assessment 120

Nanonets

AUGUST 1, 2023

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52

Audit Automation Bots Risk Assessment 52

FloQast

APRIL 30, 2024

Organizational Chaos : Compliance documents managed in spreadsheets often lead to version control issues and synchronization challenges, hindering effective control implementation and audit processes. Reactive Risk Assessment Processes : Good reaction times can make you a lot of money. Audit Pain and Expense : I hear you.

Compliance 105

Compliance Addressing Audit Risk 105

Nanonets

AUGUST 1, 2023

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

AUGUST 1, 2023

The era of automation has brought about a revolution in various industries, and the audit sector is no exception. The integration of Artificial Intelligence (AI), cloud-based data storage solutions, and data analytics tools is set to transform the audit industry, reshaping the way accountants and auditors carry out their tasks.

Audit 40

Audit Automation Risk Assessment Assessments 40

The Payments Association

JUNE 11, 2025

Mark McMurtie Ambassador, TPA "As digital threats become increasingly complex, payment companies should shift from a reactive approach to fraud prevention to more intelligent, adaptive risk management. However, technology alone cannot solve the platform risk paradox.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

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

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. Our expertise ensures that your business remains compliant, resilient, and well-positioned for growth.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

The Payments Association

MAY 16, 2025

Yet, as adoption increases, so do the risks While AI improves efficiency, speed, and scale, it also introduces new compliance risks, many of which remain under-acknowledged and insufficiently addressed. This supports compliance with SYSC 8 (Outsourcing) and SYSC 13 (Operational Risk) in the FCA Handbook.

Compliance 88

Compliance AI Risk Audit 88

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Neopay

MARCH 14, 2024

In February, the FCA confirmed that it has significantly increased its supervisory activity with payments firms, with a focus on prudential risk management, wind down planning and safeguarding. It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Nanonets

DECEMBER 13, 2023

Audit Trail and Transparency: AI Insurance Claims Processing systems maintain detailed audit trails of all activities within the claims processing workflow. This transparency is essential for regulatory audits, allowing authorities to review the entire process and verify that each step adheres to compliance 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

FloQast

NOVEMBER 27, 2023

Additionally, areas such as risk management, segregation of duties, and even cybersecurity play pivotal roles. For instance, an effective risk management strategy helps companies preempt potential financial reporting pitfalls. As businesses grow and financial landscapes shift, risks aren’t static.

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

M2P Fintech

MARCH 24, 2025

Big data analytics transforms loan management, guiding strategic planning. Predictive analytics forecasts borrower behavior and market trends, enabling proactive risk management. For example, more accurate credit assessments lead to reduced default rates. AI, ML, and blockchain enhance risk assessment and security.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

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

FloQast

DECEMBER 13, 2023

It was known as the Corporate and Auditing Accountability, Responsibility, and Transparency Act. It prohibits auditors from providing certain consulting services to their audit clients and requires a rotation of the lead audit partner every five years.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

PYMNTS

SEPTEMBER 29, 2017

However, interest rates, FX, commodity and derivatives risk, as well as operational risk, should not be disregarded.”. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks. Risk management, he continued, isn’t just about responding to threats.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Governance The covered entity’s board or senior governing body is tasked with oversight, funding, and maintenance of the company’s cybersecurity risk management program.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

The Payments Association

MAY 16, 2025

Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

FloQast

MARCH 21, 2024

Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6 Regulatory changes to legislation, auditing standards, and financial reporting requirements According to KMPG’s 2023 SOX Report , respondents spend an average of $1.6

Compliance 52

Compliance Audit Automation Risk Assessment 52

FloQast

APRIL 8, 2024

This can impact the company’s stock price and ability to secure financing and increase external audit costs. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. Regular internal audits. Documentation and evidence.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

FloQast

MARCH 1, 2024

The Sarbanes-Oxley Act addressed several themes, including increasing oversight of the accounting profession with the Public Company Accounting Oversight Board (PCAOB), establishing new standards to preserve auditor independence, reconfiguring audit committees, and requiring enhanced financial statement disclosures.

Audit 52

Audit Compliance Assessments Procedures 52

M2P Fintech

JANUARY 28, 2025

Smarter Risk Management: This solution offers advanced risk management features, allowing early detection of distressed loans, reducing NPAs, and mitigating credit risks with customizable asset classifications, ensuring the health of your loan portfolio.

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. The risk assessment should also identify the potential consequences of each risk and the controls in place to mitigate those risks.

Compliance 52

Compliance Best Practices Mitigation Procedures 52

Seon

JUNE 29, 2023

It achieves this through transaction and behavior monitoring, risk assessment, and alert generation. Risk assessment: KYT is informed by data sources such as politically exposed person (PEP) lists, high-risk jurisdiction lists, and negative media and sanctions lists.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

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 Third Party Vendors 43

Center for Payments

SEPTEMBER 15, 2022

Management, while using a business impact analysis and risk management processes to identify and monitor risks, should focus on risk mitigation avoidance and acceptance strategies. If a disaster occurs, can your team access the plan easily?

FFIEC 40

FFIEC Risk Assessment Business Continuity Federal Reserve 40