Fintech Finance

JANUARY 20, 2025

This will include new measures and a consultation to combat the issue, which leads to 50,000 business closures a year. Business owners and proprietors can take a proactive approach to mitigating these issues, with the aim of simplifying their operations and improving efficiencies, making these arduous tasks less work.

Payments 98

Payments Small Business Mitigation Faster Payments 98

VISTA InfoSec

OCTOBER 21, 2024

Expertise to assess and mitigate data privacy risks to ensure the organization remains protected from breaches. An external DPO is where the function is outsourced to a third-party consultant or firm. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs).

CCPA 208

CCPA Privacy Assessments Laws 208

VISTA InfoSec

OCTOBER 7, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities. How VISTA InfoSec can help you achieve DORA compliance?

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

The Payments Association

NOVEMBER 25, 2024

By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate. Increased costs : Navigating de-risking requires additional resources for compliance and legal consultations, disproportionately affecting smaller MSBs.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. “Insurance companies can also engage in public awareness campaigns, educating businesses and individuals on climate-related risks and mitigation measures.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

The Payments Association

JANUARY 3, 2025

The card issuers often side with the customer without consulting us, which is unfair and costly. This view was widely supported, with participants pointing to examples of successful industry-level initiatives, such as fraud consortiums, which pool resources to identify and mitigate threats.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

VISTA InfoSec

OCTOBER 21, 2024

This includes dedicating staff time and hiring external consultants if necessary. Seek Expert Help: Work with seasoned SOC 2 consultants who can guide you all through the auditing process. If your organization understands them, it can prepare better and mitigate risks.

Audit 147

Audit Compliance Procedures Best Practices 147

Fintech News

OCTOBER 8, 2024

The Monetary Authority of Singapore (MAS) has released a consultation paper , inviting public feedback on its proposed regulatory framework for Digital Token Service Providers (DTSPs). The consultation paper outlines MAS’ proposed approach to licensing and regulating DTSPs.

Service Provider 105

Service Provider Due Diligence AML Money Laundering 105

PYMNTS

JULY 28, 2020

” HashCash Enhances Risk Mitigation. In its Banking-as-a-Service offering, HashCash recently revealed strengthened risk mitigation capabilities within HashCash Consultants. The capabilities are there, but utilization has not reached the levels that we expected.”

FinTech 111

FinTech Risk Mitigation Mitigation eWallet 111

The Payments Association

JANUARY 13, 2025

Firms must proactively review their terms of service and dispute resolution mechanisms to mitigate potential liabilities. Secondly, firms should actively engage with industry bodies and regulatory consultations. With stablecoins now clearly recognised as property, consumers may have greater legal recourse in disputes with PSPs.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

VISTA InfoSec

AUGUST 5, 2024

This includes dedicating staff time and hiring external consultants if necessary. Seek Expert Help: Work with seasoned SOC 2 consultants who can guide you all through the auditing process. If your organization understands them, it can prepare better and mitigate risks.

Audit 130

Audit Compliance Procedures Best Practices 130

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper). The standard is scheduled to be implemented by member jurisdictions by 1 January 2025.

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

Fintech News

APRIL 22, 2024

Despite its operational achievements and strong sales, a source close to the company pointed out that Bambu faced significant challenges in operations and technology, which were only partially mitigated by hiring competent executives later in its journey. Phillips currently offers consultation for companies in branding and sales initiatives.

Shutdown 113

Shutdown Advisors Mitigation Consulting 113

Neopay

DECEMBER 24, 2024

Our tailored services include: Compliance consulting: Develop robust frameworks to address vulnerabilities. Audit services: Identify and mitigate risks in your systems and processes. With our expertise in compliance, risk management, and regulatory frameworks, we help businesses fortify their defences against fraud.

Romance Scams 52

Romance Scams Scams Consumer Audit 52

The Payments Association

JUNE 16, 2025

The experiment was carried out in partnership with Thales, Secretarium, and Consult Hyperion, demonstrating both the technical plausibility and the layered complexities of enabling a central bank digital currency (CBDC) to function without internet connectivity. Secure Elements offer partial mitigation, but are not infallible.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

PYMNTS

OCTOBER 22, 2018

” CGI was founded in 1976 and is one of the largest independent IT and business consulting firms on the globe, providing AML and risk mitigation solutions and services, with 11,000 banking experts throughout five continents.

Risk Mitigation 43

Risk Mitigation Mitigation Compliance Risk 43

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

FloQast

FEBRUARY 19, 2025

As a consultant in the risk mitigation and compliance space , I always strive to be my client’s advisor on their risk and compliance needs. He focuses on providing his clients with solutions to build strong, efficient internal control systems and practices that support their strategic objectives.

Advisors 52

Advisors Compliance Audit Risk 52

The Fintech Times

FEBRUARY 21, 2024

James Roche, a principal fraud consultant at FICO “Financial institutions should use fraud protection as a competitive advantage,” commented James Roche , a principal fraud consultant at FICO. Giving customers confidence that a financial institution is using the best processes to mitigate against these threats is, therefore, critical.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

VISTA InfoSec

JANUARY 18, 2024

These requirements’ main objective is to safeguard sensitive cardholder information and mitigate data breaches. Additional security measures are documented and put into effect that mitigate the risk of using insecure services, protocols, or daemons. With the impending retirement of PCI DSS v3.2.1 Note on Requirement 2.6:

PCI DSS 289

PCI DSS Procedures Encryption Security 289

PYMNTS

AUGUST 3, 2020

Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” $4.13

B2B 131

B2B FPC Scams Email Compromise 131

Fintech News

APRIL 28, 2024

These trends were drawn from interviews with AWS customers in the banking industry, combined with insight from analyst firms and global consultancies. 77% of the Swiss banks surveyed by the consultancy believe ecosystems will have significant importance in the future growth of their business.

AI 113

AI Innovation Financial Crimes Crime 113

Fintech News

FEBRUARY 21, 2024

Strategic Enhancement of MAS Enforcement Powers A cornerstone of the FIMA Bill, as broken down in detail in the ‘ Consultation Paper on Proposed Amendments to MAS Investigative and Other Powers under the Various Acts ‘, is the enhancement of MAS investigative and enforcement powers.

Financial Crimes 113

Financial Crimes Crime Authorization Consulting 113

VISTA InfoSec

SEPTEMBER 30, 2024

Data Protection Impact Assessments (DPIA) DPO is required to oversee and guide the organization in conducting DPIAs, especially for high-risk processing activities, and provide the necessary support and advice in mitigating the identified risks. You can also book a free one time consultation on our website today.

CCPA 130

CCPA Privacy Data Breach Laws 130

VISTA InfoSec

OCTOBER 21, 2024

Data Protection Impact Assessments (DPIA) DPO is required to oversee and guide the organization in conducting DPIAs, especially for high-risk processing activities, and provide the necessary support and advice in mitigating the identified risks. 4.Point You can also book a free one time consultation on our website today.

CCPA 130

CCPA Privacy Data Breach Laws 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Don’t wait and book a free, one-time consultation by filling out the Enquire Now form now and start your journey to secure your DORA compliance today!

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

SEPTEMBER 27, 2024

Expertise to assess and mitigate data privacy risks to ensure the organization remains protected from breaches. An external DPO is where the function is outsourced to a third-party consultant or firm. Proficiency in assessing and managing data protection risks, including conducting Data Protection Impact Assessments (DPIAs).

CCPA 130

CCPA Privacy Assessments Laws 130

Fintech News

AUGUST 8, 2024

Swift Essentials with a Focus on the Securities View Solution and Its Impact As more global markets with high foreign investment attractiveness are shifting towards a shorter settlement cycle (T+1), automation and straight through processing are becoming crucial for managing and mitigating settlement risks.

ISO 20022 127

ISO 20022 APACS SWIFT ISOs 127

Fintech News

JANUARY 10, 2024

The joint consultation paper, released in October 2023, seeks comments on the scope of the SRF, duties of FIs and telcos under the framework, and the approach for payouts for scam losses, among others. These and other measures will be rolled out if assessed to be effective.”

Accounts 109

Accounts Scams Phishing Payee 109

Fi911

FEBRUARY 26, 2025

Risk-Based Approach Organizations are encouraged to adopt a risk-based approach for ongoing assessment, allowing for prioritization of mitigating high-risk vulnerabilities. Work with Experienced Partners: Engage QSAs, security vendors, or consultants to guide your compliance efforts and ensure all technical standards are met.

PCI DSS 59

PCI DSS Compliance MFA Assessments 59

PYMNTS

JUNE 30, 2016

government and the practicalities of Brexit will leave many companies facing a number of challenges and opportunities,” said Reval Solutions Consultant Jacqui Drew in a statement last week, adding that businesses must have a strategy in place that includes scenario planning to help a company navigate through such a tumultuous period.

Mitigation 40

Mitigation Treasury Treasury Management Assessments 40

Fintech News

FEBRUARY 14, 2024

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs).

Finance 126

Finance Distributed Ledger Technology (DLT) Payment APIs and Integration Legal Framework 126

VISTA InfoSec

OCTOBER 25, 2023

Exploring Risk Treatment Options: When risks surpass acceptable levels, explore various mitigation strategies. The RTP should detail each identified risk, propose actions to mitigate them, and assign responsible parties. In-Depth Analysis: For complex risks or uncertain analysis results, consider a deeper examination.

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130