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 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Neopay

MARCH 14, 2024

It will be consulting this year on proposals to close gaps in protection and reduce risks of harm if firms fail. The due diligence process for third parties, which include authorised credit institutions, custodians or insurance providers, needs to be available and evidenced. This includes imposing safeguarding reviews.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Neopay

JUNE 27, 2024

If you are partnering with a consultancy firm, make sure they provide workshops and training to help you ensure that you have a good understanding of the regulations that apply and, more importantly, how they apply to your specific business model and services.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

MARCH 5, 2024

The guidance continues the momentum of digital asset regulation in Hong Kong, following a raft of other rules and consultations recently published by Hong Kong regulators. All of this recent guidance aims to deliver more certainty for banks and securities firms seeking to capitalise on developments in digital assets and tokenisation.

Authorization 59

Authorization Product Due Diligence Procedures 59

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements. For fraud, the focus was historically on customer identity.

Risk 59

Risk Financial Crimes AML Risk Management 59

FICO

MARCH 6, 2020

Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. Our KYC solution supports real-time customer risk classification including UBO and PEP identification.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Payments Association

JUNE 5, 2025

David Parker CEO, polymath consulting "Cash continues to remain resilient as a payment option. Imran Ali Payments consulting director, KPMG "While contactless cards continue to dominate, digital wallets are particularly appealing to younger consumers. However, we are now seeing a shift in the adoption of new technology.

Payments Trends 88

Payments Trends Consumer Online and Mobile Banking Debit Card 88

Neopay

MARCH 26, 2025

The European Banking Authority (EBA) launched on 6th March a public consultation on four draft Regulatory Technical Standards (RTS) that will be part of the EBAs response to the European Commissions Call for Advice. The consultation runs until 6 June 2025. the determination of the ML/TF risk associated with each institution.

Money Laundering 52

Money Laundering Consulting AML Rules 52

Finovate

JANUARY 28, 2025

PwC UK and PwC Channel Islands will deploy KYC Portal CLM , the company’s client lifecycle management platform that features AML technology, including risk assessment tools and advanced due diligence (CDD) capabilities. ” Founded in 2008, KYC Portal made its Finovate debut at FinovateEurope 2019 in London. .

Due Diligence 52

Due Diligence Risk Assessment Financial Crimes AML 52

The Payments Association

MAY 14, 2025

This includes visibility into documentation, rule application, and risk assessments. Attwal pointed to the expanding use of AI across the compliance lifecyclefrom onboarding and customer due diligence to transaction monitoring and sanctions screening. What follows is a summary of the key themes that emerged.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88