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. Strengthening Internal Controls and Segregation of Duties Internal fraud prevention relies on strong internal controls.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

PYMNTS

MAY 15, 2017

The challenge thus has become one where cybersecurity is not just centered on what must be done internally to protect a company and its customers, said Woodbury, but also to determine how third-party interaction with data is regulated. .

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Risk Management 43

PYMNTS

SEPTEMBER 24, 2019

And in other wrinkles, more than 30 states have what are known as “marketplace facilitator” provisions that stipulate platforms that enable third-party vendors to sell their products must collect and remit taxes on behalf of their marketplace sellers. As a result, audits and penalties may loom.

Third Party Vendors 46

Third Party Vendors Laws Rules Transactions 46

Nanonets

SEPTEMBER 25, 2024

  Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Third-party vendor management When working with external vendors, vet their security protocols and compliance measures to ensure they meet industry standards. 

Process 52

Process AI Best Practices Reconciliation 52

PYMNTS

AUGUST 20, 2018

“Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities. The Unknown: FIs Take On Bad Credit Borrowers.

FBI 40

FBI Zelle ATM Credit Cards 40

PYMNTS

AUGUST 20, 2018

“Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities. The Unknown: FI’s Take-On Bad Credit Borrowers.

FBI 40

FBI Zelle Credit Cards ATM 40

Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While  Record-keeping is also essential for reference, auditing, and budgeting purposes. This is important to know in order to know the features required of the software.

Process 52

Process Automation Product Third Party Vendors 52

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. Collaboration on the app is fully audit-trailed, for all users on all devices.

Payment APIs and Integration 29

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

VISTA InfoSec

APRIL 1, 2025

This includes audit trails that record who made changes and when. Even third-party vendors who handle electronic data for these industries must comply. Audit Trails: Maintaining a secure, time-stamped record of all changes. Medical Devices: For tools and devices used in medical treatment.

Legal 147

Legal Compliance Regulations Third Party Vendors 147

VISTA InfoSec

MAY 5, 2025

Document and report compliance Maintain detailed records of assessments, audits, and actions taken. When resources are stretched thin, consider outsourcing non-core compliance tasks to specialized third-party providers. The Solution: Set clear expectations for vendors by requiring them to comply with SWIFT CSP controls.

SWIFT 130

SWIFT Security Compliance MFA 130

CB Insights

NOVEMBER 9, 2017

The firm intended to provide a missing channel for residential energy services leveraging its core energy-audit business. She pointed out that sites such as Landsend.com now feature similar “try on” technology and that third party vendors have begun to develop similar Web sites. via GreenTech Media.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Shutdown Push-to-Card 78

The Fintech Times

MAY 24, 2025

per cent of breaches impacting top fintech companies originated from third-party vendors. Furthermore, fourth-party exposures accounted for an additional 11.9 Fintechs must audit these integrations regularly and require partners to demonstrate secure implementation practices. It also highlights that 18.4

Cybersecurity 58

Cybersecurity FinTech Breach Third Party Vendors 58

The Fintech Times

MARCH 1, 2025

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. Communicate more Reena Sewraz, retail editor at consumer group Which? Even with stronger systems, outages will happen.

Third Party Vendors 69

Third Party Vendors Treasury Fraud Detection FinTech 69

The Payments Association

APRIL 14, 2025

Next steps/action required: Conduct a full accessibility audit of all customer-facing digital platforms, payment terminals, and service interfaces to identify gaps against EAA standards. It can also expose firms to legal challenges and reputational damage for failing to meet mandatory accessibility standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88