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. Thus, due diligence in evaluating a company’s cybersecurity posture is crucial for an investor.

Cybersecurity

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

Clearly Payments

JANUARY 8, 2024

While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management

Stax

JANUARY 8, 2024

As such, 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

The Finance Weekly

DECEMBER 9, 2021

Executing this task at the highest standard possible requires an understanding of the specific objectives of scenario planning, the different approaches to it, and knowing the best practices and most common mistakes. This post will flesh out all these aspects of scenario planning. What is Scenario Planning & Its Purpose?

Risk Management

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

OCTOBER 7, 2024

A new global report has revealed significant gaps in supplier management practices among financial institutions. ” This lack of clarity raises the likelihood of inconsistencies across jurisdictions and organisations, creating critical gaps in risk management practices. While 70.1%

Risk

EBizCharge

JUNE 20, 2024

This article will help set your business up for success by explaining AR, why it’s important, and best practices for optimizing your receivables. Since it’s apparent how vital proper AR management is for financial stability, the following section provides best practices to help your company transform its receivables.

Best Practices

VISTA InfoSec

OCTOBER 21, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA

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. Best practices for implementing the DORA compliance 1.

Compliance

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. Best practices for implementing the DORA compliance 1.

Compliance

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. Best practices for implementing the DORA compliance 1.

Compliance

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. Best practices for implementing the DORA compliance 1.

Compliance

Core

FEBRUARY 6, 2024

An Overview of 7 Best Practices Adopting government fraud prevention best practices is instrumental in maintaining the resilience of public systems. The post 7 Best Practices for Preventing Government Fraud in Payments appeared first on Core Business Technologies. According to the U.S.

Best Practices

Clearly Payments

FEBRUARY 3, 2024

For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Here are key best practices for merchants thinking to use BNPL: Partner with the Right Provider: Selecting the best BNPL provider is important.

BNPL

The Payments Association

DECEMBER 16, 2024

Managing FX Risks in International Payments FX risks can arise from both external factors (e.g., While external factors are harder to control, businesses can mitigate their impact through effective strategies. Streamlined processes and robust controls can mitigate these risks effectively.

International Payments

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation

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. How Does Fraud Risk Management Work?

Risk Management

VISTA InfoSec

SEPTEMBER 27, 2024

Now, here Data Protection Officers play an important part in ensuring your data handling practices align with regulatory requirements and best practices, thereby safeguarding your reputation and building trust with customers, partners, and stakeholders.

CCPA

The Finance Weekly

OCTOBER 13, 2021

Here are the best practices for getting started, from consolidating multiple companies' financials onto a single ledger to deciding which company's enterprise resource planning (ERP) system to stick with (or, in some cases, an even more difficult task—deciding to start from scratch and implement an entirely new ERP system): 1.

Risk Management

Nanonets

MAY 31, 2023

The need for AI in finance In traditional finance functions, companies often rely on manual processes, extensive paperwork, and repetitive tasks to manage their financial operations. These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management.

AI

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. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

FinTech

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

Innovative Payments Association

SEPTEMBER 5, 2024

While these relationships can bring numerous benefits, they also come with inherent risks. To mitigate these risks and ensure proper oversight of third-party relationships, it is crucial for organizations to go beyond traditional due diligence and establish a comprehensive third-party oversight framework.

Boot Camp

Fi911

JULY 8, 2024

Merchants must combine technology, vigilance, and best practices as part of a broad, multilayered strategy. Finally, fostering a culture of transparency and communication with customers, including advising them on safe online practices, can further mitigate the risks associated with eCommerce fraud.

Account Takeovers

FICO

APRIL 7, 2020

What does fraud risk mitigation look like in an increasingly digital world? However, it’s critical that we also take the time to reflect on the longer-term changes that will impact our mission to stop fraud and financial crime. Will the shift to online and mobile payment channels be a permanent boost?

Risk Mitigation

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 overarching aim of compliance management is to ensure organizations mitigate risk and build a deep-rooted culture of compliance.

Compliance

Seon

SEPTEMBER 20, 2024

SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. Lenders are now focusing on alternative data signals to mitigate risk without excluding valuable customers.

Risk

Neopay

AUGUST 5, 2024

Understanding risk management is also a crucial part of the training. This involves identifying and mitigating risks associated with safeguarding and understanding potential threats and vulnerabilities to client assets and data. The post Enhancing compliance through safeguarding training appeared first on Neopay.

Compliance

The Fintech Times

MARCH 12, 2024

The book covers a spectrum of topics, ranging from risk management strategies to hedging mechanisms, shedding light on how advanced analytical tools, market forecasting, and liquidity management can significantly influence the success of businesses operating within this space.

Best Practices

PYMNTS

JULY 15, 2019

Supplier risk and supply chain compliance company Sword GRC is collaborating with Brazil-based Procurement Garage to expand across Latin America, the companies announced in a press release Friday (July 12). Whatever the industry, organizations need to ensure the safe execution and management of projects, operations and business activities.”.

Risk

The Fintech Times

OCTOBER 19, 2024

Additionally, incorporating ESG factors into risk management frameworks can improve financial performance by identifying and mitigating long-term risks associated with environmental and social issues. ” The post Is Sustainability the New Priority in Digital Banking? appeared first on The Fintech Times.

On-Demand

Fintech News

DECEMBER 13, 2023

They will also discuss opportunities for sustainable investments, financing the green transition, boosting ESG product sales, and mitigating greenwashing risks. Since its inception, the series has organized 70+ events in 15+ countries, attracting over 85,000 attendees and featuring 4,000+ speakers.

FinTech

PYMNTS

JANUARY 3, 2019

Still, even with such “recognition of the systemic risks” posed by “critical infrastructure” (risks that apply to multiple industries and consumer segments), “we as a country still have to figure out how to address those risks and prioritized efforts” at defense, Baich said.

Risk

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security

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