Fintech News

MARCH 20, 2024

Such a framework not only ensures operational continuity and security but also facilitates digital engagement, real-time insights, and hyper-personalisation, thus redefining the essence of resilience in the digital banking era. It also ensures 100 percent accuracy in network configuration changes while reducing touch time by 90 percent.

Cybersecurity

VISTA InfoSec

JULY 31, 2023

Conduct Periodic Evaluations of Your Configuration Guidelines : Regularly review your configuration rules and flowcharts, at least every six months, to ensure they continue to meet your business needs. Doing so can help reduce the scope of PCI DSS compliance and minimize the risk of data breaches.

PCI DSS

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. However, with the proliferation of technology comes the mounting risk of information security breaches.

PCI DSS

The Payments Association

OCTOBER 3, 2024

Additionally, outsourcing fraud management as a service reduces costs for the financial institution and ensures that databases, rules, and learning models are always up to date. Sophisticated credit-scoring algorithms allow for more accurate risk assessment, enabling banks to extend credit responsibly and efficiently.

Payment APIs and Integration

The Fintech Times

AUGUST 17, 2024

As technology continues to advance, these platforms are becoming indispensable for investors seeking to streamline their research, make informed decisions, and execute purchases with greater efficiency. .”

Consulting

The Fintech Times

SEPTEMBER 14, 2024

The emergence of AI and ML tools has enabled companies to analyse vast amounts of data in real time, detecting patterns that indicate potential compliance risks, such as money laundering, sanctions, or fraud. “Likewise, machine learning algorithms continuously learn from data, improving accuracy over time.

Compliance

PYMNTS

SEPTEMBER 12, 2019

FIs and FinTechs increasingly encounter new forms of fraud as they expand their digital operations, making it all the more important that they have strong risk assessment and compliance systems in place.

Suspicious Activity Report (SAR)

PYMNTS

APRIL 3, 2019

As the industry continues without a centralized database, standardized underwriting practices and manual risk analysis tools, that confusion will persist. Electronic data is “key” to adequately analyzing risk, he said, as are open sources of data of businesses, their partners and their supply chains.

Small Business

Stax

JANUARY 8, 2024

As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. TL;DR Four main types of risks come with payment facilitation: compliance risks, operational risks, transactional risks, and reputational risks.

Risk Management

PYMNTS

OCTOBER 23, 2020

That may be one piece where digitization is actually adding risk.". One is to use third-party databases, with ProcessUnity able to integrate into a variety of data providers (most recently, the company struck a collaboration with Dun & Bradstreet ). Two key strategies can help alleviate this pain point.

Risk

Finovate

MARCH 29, 2024

The company’s technology validates cryptographic signatures to verify digital IDs and cross-checks personal identifiable information (PII) as displayed on the applicant’s ID versus information in government databases. Additional services such as facial and data comparison help reduce the risk of false positives.

Verification

Nanonets

SEPTEMBER 27, 2024

Uploaded IDs undergo an authenticity check and data extraction, which is cross-verified against an external database for verification. Moreover, AI-based IDPs continuously learn and improve over time, adapting to new document formats and becoming more accurate with each processed document. or databases, like, Amazon S3.

Process

Nanonets

AUGUST 1, 2023

As automation in internal audit continues to evolve rapidly, forward-thinking organizations are already embracing predictive models, RPA, and cognitive intelligence in conjunction with conventional analytics. Early adopters have witnessed significant improvements in risk intelligence, quality, and efficiency.

Audit

Trade Credit & Liquidity Management

MAY 27, 2025

More Details on Key Players Traditional Credit Reporting Agencies Dun & Bradstreet ( www.dnb.com ): Provides business credit reports and analytics that aid in assessing the financial health and creditworthiness of companies.

Fraud Prevention

Nanonets

AUGUST 1, 2023

Here's a step-by-step overview of how to audit software functions: Data Collection: The first step of collecting fin data from various sources, including bank statements, invoices, payment receipts, operational databases, spreadsheets, and other relevant repositories, is the most time-consuming of the entire operation.

Audit

Nanonets

AUGUST 1, 2023

The automated audit approach enables the use of data analytics tools to extract and analyze large volumes of data from various sources, including financial systems and operational databases. An audit is a continuous and iterative procedure. A diverse range of digital technologies builds the audit automation spectrum.

Audit

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. The fact that they not only use AI for initial underwriting, but also for the ongoing risk monitoring of the portfolio, is what really attracted us to Slope. The partnership brings together J.P.

AI

PYMNTS

SEPTEMBER 9, 2019

In India, the Financial Express reported that the indirect tax department has developed an index, based on risk assessment, that seeks to identify the parties using fake invoices to evade taxes. There is the potential to create a database to monitor fraud, said the site. … eBay blame[s] PayPal, PayPal blame[s] eBay.

Business Email Compromise

PYMNTS

AUGUST 3, 2016

For more than 10 years, VantageScore has been conducting an annual validation process that randomly takes credit files for 15 million consumers from CRC databases in order to test how its own models stack up, performance wise. And from there, here’s what the company’s assessment was able to conclude. The VantageScore 3.0

Risk Assessment

PYMNTS

JUNE 1, 2016

These exchanges supported by XOR Data Exchange are not your typical shared database platforms. For its exchanges, the revenue side is the at-risk organization that is charged a transaction fee based on the risk assessment information that XOR provides back about the data itself.

Compromise

The Fintech Times

SEPTEMBER 24, 2024

Her role is key as BCN continues to expand, now with over 400 employees following significant growth and acquisitions. In the newly created role, Kaur will focus on creating a strong and agile organisation that continually adapts to meet the needs of the commercial lines insurance market. Following a partnership with Yapily, Boshhh.io

FinTech

Fintech Labs Insights

AUGUST 17, 2016

The Florida-based company announced yesterday it has expanded the Cortera Credit Exchange database. Between January and July 2016, this database increased by more than $170 billion in B2B purchases. This brings the database’s total annual purchase insights to $1.2 businesses. We’re excited about the path we’re on.”.

Database

FICO

DECEMBER 21, 2018

The good news is that 2019 will also provide a tipping point: these same organizations will be shocked into taking a more clear-eyed assessment of their cyber security posture, and strong actions to improve their cyber defenses. Get a Reality Check, Continuously. Here are three ways they’ll work to cure their cyber insecurity.

Data Breach

Nanonets

JUNE 12, 2024

Workflow Automation and Integrations Workflow automation streamlines the flow of tasks and information between different apps and databases. Conclusion Supply chain optimization isn't just a one-time thing, but rather an ongoing journey that requires continuous effort and attention.

Automation

Nanonets

SEPTEMBER 18, 2024

This not only improves accuracy but also helps in continuous improvement of the system.

Automation

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

Exact Payments

JANUARY 4, 2024

Let’s break down these elements: Always active : Your anti-virus software must be continuously scanning for potential threats, as cybercriminals employ new tactics and vulnerabilities emerge regularly. It includes regular updates, formal risk assessments, and a designated person or team to manage its implementation.

PCI DSS

Nanonets

DECEMBER 4, 2023

AI-driven tools can quickly compare the order information against your database to confirm the accuracy and check for discrepancies. Track key metrics, identify bottlenecks, and make data-driven decisions to optimize your processes continually. Conduct periodic audits and risk assessments of automated order processing systems.

Automation

Nanonets

AUGUST 22, 2023

Integration: Excel automation facilitates integration with other software, databases, and systems, ensuring data flows seamlessly. Data Import and Export: Automate the import of data from external sources, such as databases or text files, using Power Query. Get Started Which Industries Can Benefit from Excel Automation?

Automation

Nanonets

FEBRUARY 26, 2024

Make a digital archive of your financial documents to create a searchable database. Simplify Risk Assessment: Use Nanonets workflows for risk assessment with custom rules and a human-in-the loop model. Perform all assessments on autopilot while flagging documents for exceptions and rule failures.

Accounts

FICO

JANUARY 8, 2021

Aashish carried the analogy further, saying that to play a strong hand in the COVID-10 era requires: Unbiased risk assessment of current processes, technology, supply chain (a business’s current hand). Investment to redefine for new normal (continued table stakes). Odds assessment of the last card to be played.

Posting

Nanonets

JULY 25, 2023

Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks. Through techniques like variance analysis, sensitivity analysis, and stress testing, analysts can identify potential risks and their impact on financial outcomes.

Financial Analysis

Nanonets

FEBRUARY 15, 2024

This framework will assess Supplier A's performance across several key dimensions, such as delivery timeliness, product quality, adherence to specifications, and after-sales support. The evaluation will help XYZ Corp manage its relationship with Supplier A by providing constructive feedback aimed at continuous improvement.

Finance

Fintech Labs Insights

AUGUST 22, 2024

QuickFi: Continues to disrupt equipment financing with mobile-first technology, expanding customer base. Fall 2022 (New York): Debbie: Raised $2.7M, continued expansion in automated financial services for personal finance management. Flybits: Raised $44M for its personalized marketing solutions; attracting major retail partners.

Online and Mobile Banking

VISTA InfoSec

JUNE 4, 2025

Database Integrity 6.4 Scenario-based Risk Assessment Best Practices for Financial Institutions to Enhance SWIFT Security Being SWIFT CSP compliant can bring many advantages to your organization along with enhanced security controls. Detect Anomalous Activity to Systems or Transaction Records 6.1 Malware Protection 6.2

SWIFT

The Payments Association

MARCH 20, 2025

Jessica Cath is partner (financial crime) at compliance consultancy Thistle Initiatives and often helps startups with their risk assessments and how they safeguard against these. Speaking from experience, Uber UKs Griffin highlights the importance of being responsive to new threats as criminals continually innovate.

Financial Crimes

Fintech Review

MAY 12, 2025

It can flag these anomalies early, allowing fintechs to act before risks escalate. Moreover, AI systems continuously improve over time. AI-powered compliance solutions automate identity verification using biometric recognition, document analysis, and real-time cross-referencing against watchlists and sanctions databases.

Compliance