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The Role of Digital Payouts In Mitigating The Insurance Industry’s Business Continuity Risks

PYMNTS

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Yet even the most advanced risk mitigation efforts can’t entirely avoid the threat of disruption. At the same time, distancing orders mean carriers’ employees can continue to issue disbursements while working from home.

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Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

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. Consequently, the company may struggle to attract or retain investment. 5 / 5 ( 1 vote )

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Mitigating Risk With Payment Flexibility: Continuity In The Face Of Uncertainty

PYMNTS

“In times of uncertainty, it’s important that we help our clients mitigate risk by offering flexibility, redundancy and resilience,” Ryan Frere, executive vice president, global payments at Flywire , told PYMNTS. In times of uncertainty, it’s important that we help our clients mitigate risk by offering flexibility, redundancy and resilience.

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How Continuous Auditing Drives Corporate Spend Optimization

PYMNTS

At most, a manual approach to spend management can attempt to uncover potential patterns: an employee that is continually breaching internal spend policy, for instance. In fact, he continued, Oversight analysis suggests that risk levels are up threefold compared to this time last year. Spending Disparity.

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Singapore Authorities Issue Warning on Akira Ransomware Threat

Fintech News

Maintaining routine backups of critical data is essential for ensuring business continuity. In addition to backups, developing comprehensive incident response and business continuity plans is vital. Business Continuity Plans (BCPs) should be tailored to minimise the impact on business operations in the event of an attack.

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U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline

Fintech Finance

As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

The necessity of tokenisation in digital payments The traditional view of tokenisation as a fraud mitigation tool is outdated. Unlike static gateway or acquirer tokens, network tokens adapt in real time to changes such as card reissuance or expiry, ensuring continuity in payment flows.