The Fintech Times

JUNE 3, 2024

The company has been able to increase its productivity using the tech without compromising customer experience. Step 4: Risk mitigation Business value stems from genAI and LLMs being baked into the technological fabric of a given financial service. This includes accurate extraction from visually complex documents.

AI 69

AI Risk Mitigation Assessments Consulting 69

PYMNTS

SEPTEMBER 14, 2020

Despite a rising understanding of the importance of third-party cyber risk mitigation efforts, such incidents as these continue to occur — and amid the pandemic, the volume of attacks is on the rise. As a supplier of computing software services, Blackbaud is only the latest example of how cyberattacks aren't isolated to its targets.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

JANUARY 23, 2017

Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. But researchers questioned whether the increase is due to more breaches or simply more publicly available data on the topic.

Risk 43

Risk AFP Identity Theft Email Compromise 43

PYMNTS

JUNE 23, 2016

For some, like small suppliers, a compromise of sensitive data and credentials can lead to a few hundred or thousand dollars fraudulently obtained from a business client, often via the Business Email Compromise scam. A compromise at one of the company’s suppliers led to the data of more than 40 million cards being vulnerable.

Cybersecurity 40

Cybersecurity Data Breach Assessments Breach 40

PYMNTS

MAY 30, 2016

Bangladesh Bank was previously thought to be the only bank effected, when cyberthieves stole $81 million by compromising the SWIFT software. 10% more usage in Options signals a newfound interest among Australian SMEs for FX risk mitigation , found analysis from East & Partners.

Finance 40

Finance SWIFT Push-to-Card Treasury 40

PYMNTS

FEBRUARY 20, 2019

Citing 2018 data from Verizon, Mastercard noted research that suggested the majority of cyberattacks are actually targeted at SMBs, ranging from phishing scams and the Business Email Compromise (BEC) to malware and ransomware attacks.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

NOVEMBER 9, 2017

More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

Risk Management 43

Risk Management Risk Treasury AFP 43

PYMNTS

SEPTEMBER 9, 2016

Faster Payments Risk-Mitigating Capabilities. While faster payments require heightened awareness and preparation for potential risks, they also equip these companies with capabilities to mitigate some risks. By identifying the peak transaction times, institutions can determine if the transactions can be spread out.

Same Day ACH 40

Same Day ACH ACH ODFI Faster Payments 40

Seon

MAY 16, 2024

Understanding the Scope of iGaming Fraud Fraud in iGaming deeply impacts players, operators and the industry’s integrity and compromises the digital gaming space’s security and trust. Combatting Bonus Abuse Promo and bonus abuse perseveres as a significant issue, plaguing operators in high-risk sectors like online betting and gambling.

Fraud Prevention 52

Fraud Prevention Accounts Verification Legal 52

Nanonets

APRIL 29, 2024

By automating the reconciliation process, software solutions enable real-time identification and resolution of discrepancies, thereby enhancing risk mitigation efforts. From customizable workflows to collaborative tools, Nanonets prioritizes simplicity without compromising functionality.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Ikajo

NOVEMBER 22, 2023

At the same time, you won’t compromise on the system’s quality, as PayFac as a Service is provided by experienced vendors with professional expertise in FinTech software development. Opting for an established PayFac-as-a-Service offers a swift entry into the payment facilitation industry without starting from scratch.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

Nanonets

FEBRUARY 21, 2024

Errors in cash records can compromise these forecasts, affecting strategic decisions based on predicted cash flows. Fraud Risk Mitigation : Advanced algorithms help detect irregularities and inconsistencies, thereby reducing the risk of fraudulent activities by highlighting potential red flags.

Reconciliation 52

Reconciliation Best Practices Point-of-Sale (POS) Automation 52

Nanonets

MARCH 13, 2024

Scalability : Nanonets OCR is designed to accommodate growing business needs, offering scalability to handle increasing volumes of invoices without compromising performance. Risk Mitigation : By automating invoice processing and reducing manual intervention, Nanonets OCR helps mitigate the risk of errors, fraud, and invoice discrepancies.

Payment APIs and Integration 52

Payment APIs and Integration Automation API Use Case 52

CB Insights

JULY 23, 2020

It’s assumed that lasting contact and interaction was the main reason for the spread, underscoring the importance of social distancing between employees as a primary risk mitigation strategy in reopened offices. But in recent years, companies have generally moved away from cubicles toward open floor plans.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

Fintech News

APRIL 7, 2025

CSA is advising TNT on containment measures, while MAS is working with the affected banks on risk mitigation and customer outreach. No transaction banking data or login credentials were compromised. The data exposed included customer names, addresses, and, in some cases, loan account numbers.

Ransomware 83

Ransomware Compromise Credential Risk Mitigation 83

The Payments Association

MAY 14, 2025

Both Palmer and Attwal emphasised the central role of intelligent compliance technologies in enabling this shiftnot just as risk mitigators, but as enablers of sustainable cross-border growth. A lot of stablecoin models solve a speed problem by not addressing the risk problem, he said.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88

PYMNTS

MAY 23, 2016

From hidden fees in B2B payments to unforeseen risks from political and regulatory changes, corporate treasurers, CFOs and other financial executives may not be seeing the whole picture. 100 million LinkedIn accounts may have been compromised , a statement from the popular professional networking social site said last week.

B2B 40

B2B Risk Mitigation Risk Cross-Border 40