VISTA InfoSec

MAY 15, 2025

This article explores key security controls within the SWIFT CSP compliance framework and outlines best practices for financial institutions to strengthen their SWIFT security posture. To align with SWIFT CSP requirements, you should consider the following best practices: 1. Cyber Incident Response Planning 7.2

SWIFT

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management

Fintech Finance

MAY 22, 2025

Standards & Best Practices: Building trust in the digital ecosystem by setting measurable cybersecurity benchmarks and enabling institutions to track progress through clearly defined improvement targets. Mastercard has invested $10.7 Mastercard has invested $10.7

Visa

VISTA InfoSec

SEPTEMBER 5, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Regular sessions should be scheduled to reinforce learning, ideally on a quarterly basis, to keep staff updated on the latest threats and best practices.

Security

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge.

Compliance

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Review and update compliance efforts regularly DORA compliance is not a one-time effort; it requires ongoing updates to ICT risk management and resilience strategies as new threats emerge.

Compliance

VISTA InfoSec

AUGUST 22, 2023

Technical and Organizational Strategies for Ensuring Adherence To secure conformity with GDPR during biometric data processing, entities must deploy fitting technical and organizational tactics: Conducting DPIAs: Organizations must conduct DPIAs for high-risk processing of biometric data to identify and mitigate potential risks.

Privacy

Clearly Payments

JANUARY 8, 2024

Merchants must familiarize themselves with the diverse risks associated with payment processing, encompassing fraud, chargebacks, and cybersecurity threats. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Chargebacks are generally the biggest concern that most merchants have.

Risk Management

Fintech Review

FEBRUARY 13, 2024

Consumer protection in the digital age isn’t just about enforcing rules; it’s about understanding the evolving risks and being proactive in mitigating them. Regulators play a key role in assessing and mitigating the systemic risks posed by fintech innovations.

Consumer Protection

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. The due diligence doesn’t stop at onboarding.

Risk Management

Stax

JANUARY 8, 2024

PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. So you must have risk avoidance, risk identification, and risk reduction strategies in place to combat fraudulent transactions.

Risk Management

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. Risk assessment and categorization The first step towards mitigating risk is to assess it.

Money Laundering

FICO

JUNE 13, 2017

Inject best-practice decision management governance standards into a new domain. As more entities rely on these scores and ratings, their governing bodies and relevant regulatory agencies will care more about how these tools are used to drive decisions to mitigate risk. Promote fairness in reporting.

Risk

VISTA InfoSec

NOVEMBER 12, 2024

Ongoing training ensures that everyone involved understands the importance of protecting cardholder data and follows best practices. Perform annual self-assessment or external audit Depending on your PCI DSS level, complete an annual self-assessment or undergo an audit conducted by a QSA.

PCI DSS

VISTA InfoSec

NOVEMBER 12, 2024

Ongoing training ensures that everyone involved understands the importance of protecting cardholder data and follows best practices. Perform annual self-assessment or external audit Depending on your PCI DSS level, complete an annual self-assessment or undergo an audit conducted by a QSA.

PCI DSS

FloQast

OCTOBER 27, 2023

Typically, compliance management will also include Identifying appropriate controls, Managing relationships with various regulators, Coordinating or responding to regulatory concerns and inquiries, and Mitigating regulatory breaches Why is Compliance Management Important? Here are some compliance management best practices worth considering.

Compliance

Fintech News

MAY 20, 2024

As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively. Experts anticipate that by 2028, the majority of banking, investment, and insurance processes will be assisted or driven by AI technologies.

FinTech

FloQast

NOVEMBER 27, 2023

Similarly, the segregation of duties ensures that no single individual has control over all aspects of any critical financial transaction, reducing the risk of malicious activity or errors. As businesses grow and financial landscapes shift, risks aren’t static. New challenges emerge, and older ones transform.

Compliance

FloQast

APRIL 8, 2024

In this article, we define what a SOX material weakness is and provide actionable strategies and best practices to avoid it. Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. What Is a Material Weakness?

Compliance

EBizCharge

JULY 22, 2024

Precise and practical strategies provide a roadmap to navigate various financial circumstances and ever-changing markets. Some of these strategies include setting clear and attainable goals, applying accurate forecasting for better budget management, and risk assessments and mitigation.

Risk Assessment

EBizCharge

APRIL 26, 2024

By implementing these best practices, you can ensure smoother operations and better financial outcomes for your business. This helps to reduce the average collection period and minimize the risk of late or delinquent payments.

Accounts

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes

The Fintech Times

JANUARY 25, 2024

Towards a risk-based approach The purpose of identifying PEPs is to determine the level of risk they pose and the steps that need to be taken to mitigate potential criminal conduct by them, their family members, close ties, and associates. Action will likely be taken where they spot deficiencies in PEP risk handling.

Risk

Seon

APRIL 11, 2024

Both departments are crucial in identifying and mitigating fraud and reducing risk, including financial, operational, legal and reputational hazards. Such cross-functional insights facilitate a more proactive and predictive approach to identifying and mitigating financial crime, ensuring that organizations stay one step ahead.

Fraud Prevention

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

Segpay

APRIL 16, 2024

To mitigate this risk, merchants should ensure that their billing descriptors are clear and recognizable on cardholder statements. Providing detailed order confirmations and receipts, along with clear product descriptions and shipping information, can help reduce confusion and minimize the risk of unrecognized transaction disputes.

Disputes

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination

M2P Fintech

FEBRUARY 28, 2025

This blog dives into 10 major types of Loan Management Systems (LMS), exploring how these powerful solutions can automate your processes, mitigate risk, and drive growth. Core Capabilities of Finflux by M2P Robust Business Financials Verification : Ensures accurate financial assessment. Billion by 2029!

Payment APIs and Integration

Segpay

MAY 1, 2024

This framework will have significant implications for global PSPs with clients in Europe, as it will require PSPs to strengthen their operational resilience capabilities, comply with regulatory requirements, and adapt their business practices to mitigate operational risks effectively.

Cybersecurity

Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization

Seon

APRIL 23, 2024

In an era where digital transitions are omnipresent, the menace of online fraud and money laundering is continuously escalating, necessitating advanced solutions that enable organizations to stay ahead and mitigate activities across diverse industries.

Risk Management

EBizCharge

APRIL 23, 2024

Risk management: Longer payment terms can expose a business to higher credit risk. Assessing the clients’ credit history and setting fair terms can mitigate the risk of overdue payments and financial strain. Therefore, enforcing common payment terms (Net 30, Net 60, etc.)

Payments

EBizCharge

JULY 15, 2024

This article will explore the key differences between these billing practices, the pros and cons of arrears billing, and best practices. Such deposits help mitigate risk for service providers or sellers as they secure a level of financial commitment from the buyer.

Disputes