article thumbnail

10 Best Practices for FP&A

The Finance Weekly

Strong FP&A practices help finance teams improve data accuracy , use technology effectively, and make well-informed financial decisions. 10 Best Practices for FP&A These 10 best practices will help businesses improve their FP&A processes and achieve better results.

article thumbnail

Fundiin Teams up With Visa to Enhance Credit-scoring Model

Fintech Finance

Although Vietnam’s digital finance market has seen rapid growth over the last few years, many consumers still struggle to access secure and high-quality financial services due to ineffective risk assessment systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88
article thumbnail

Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps.

article thumbnail

Planning an Internal Audit Risk Assessment

FloQast

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?

article thumbnail

Navigating AML obligations in the age of virtual IBANs

The Payments Association

Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. This weakens transaction monitoring, particularly in scenarios involving third-party involvement or high-risk jurisdictions.

IBAN 88
article thumbnail

FICO and T-Mobile Share Third Party Risk Management Best Practices

FICO

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. . by FICO.