Fintech News

OCTOBER 8, 2024

These include maintaining a minimum capital of S$ 250,000 and adhering to stringent AML/CFT obligations, such as conducting customer due diligence, monitoring transactions, and reporting suspicious activities. MAS’ proposed regulatory amendments Once licensed, DTSPs will be subject to ongoing compliance requirements.

Service Provider 105

Service Provider Due Diligence AML Money Laundering 105

The Fintech Times

FEBRUARY 6, 2025

With Agentic AI Company Research, our customers particularly in the private credit space gain a clearer picture of each companys credit health, enabling them to move faster and make data-driven decisions with confidence in a sector often challenged by poor disclosures, lack of traditional credit ratings, and the need for intensive due diligence.

Research 59

Research AI Risk Assessment Due Diligence 59

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. Such crimes will continue to evolve and remain a threat to all international financial centres.

Money Laundering 122

Money Laundering Law Enforcement Due Diligence Financial Crimes 122

The Fintech Times

MARCH 27, 2025

The move builds on Juspays continued global expansion efforts, following the opening of its Dublin office in December 2024 to better serve customers in the UK and Europe. As part of this launch, Juspay has established a strategic hub in San Mateo, California. This will accelerate the adoption of Hyperswitch in the US and Canadian markets.

Due Diligence 59

Due Diligence Alternative Payment Methods Authentication Fraud Prevention 59

Neopay

APRIL 22, 2025

As regulatory and compliance specialists for payment and e-money firms, we recognise the importance for due diligence, transaction monitoring, and robust AML controls. Compliance regimes need to respond accordingly, with risk assessments that are proactive and substantive continuous monitoring.

Money Laundering 52

Money Laundering Crime Due Diligence Financial Crimes 52

Fintech News

NOVEMBER 20, 2024

This upward trend continued in 2024. Regulators only require ‘due diligence,’ but the definition of what constitutes adequate due diligence can vary.” In 2023, foreign direct investment (FDI) from China to ASEAN amounted to US$17.3

Cross-Border Payments 129

Cross-Border Payments Cross-Border B2B Due Diligence 129

CB Insights

APRIL 27, 2017

Even as investors employ their own due diligence … Continued. The new wave of artificial intelligence applications, fueled by a combination of big data and processing capabilities, have garnered over $15B in funding to AI startups in just the last 5 years.

Due Diligence 69

Due Diligence AI Continuity Process 69

Fintech News

JUNE 19, 2024

Achim Thienel “Market requirements and compliance expectations across the financial sector are continually changing. We are pleased to partner with Sumsub, following a rigorous due diligence process. In light of this, banks cannot meet these on their own – they need help from specialists.

Compliance 109

Compliance Due Diligence Fraud Prevention Money Laundering 109

The Payments Association

JANUARY 29, 2025

Common themes Analysis of these regulatory fines highlights four persistent weaknesses that continue to challenge the industry: Inadequate governance, accountability and culture: Ineffective governance and fragmented leadership often resulted in unaddressed vulnerabilities.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Fintech Review

APRIL 19, 2025

This includes due diligence, auditing, and shared responsibilities with financial institutions. Global expansion will continue, particularly in emerging markets where mobile and SaaS adoption is accelerating. Even if financial services are offered via partners, platforms must understand their compliance obligations.

Finance 94

Finance FinTech Embedded Finance Payment APIs and Integration 94

Neopay

JANUARY 30, 2025

Gaps in customer Due Diligence and Transaction Monitoring Some firms failed to collect or verify information on customers’ expected annual income or business turnover at onboarding, making it harder to identify unusual transaction patterns later.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

Fintech Review

MAY 22, 2025

Developed under the leadership of founder and financial technologist Silas Wainwright, the update signals a continued evolution in the institutions commitment to intelligent, accessible investment systems.

AI 52

AI Due Diligence Professional Development Advisors 52

PYMNTS

FEBRUARY 7, 2019

Randy Fields, chairman and CEO of ReposiTrak parent company Park City Group , said this legislation exemplifies the difficulties of supply chain compliance in the food sector, and demonstrates the limitations of technology in automating compliance and due diligence. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Due Diligence Blockchain Audit 65

Neopay

JANUARY 22, 2025

Generate realistic fake documentation to bypass due diligence processes. Preparing for the future As fraud tactics continue to evolve, staying ahead of the curve is crucial for businesses. Fraudsters can use GenAI to: Quickly learn about specific targets and create personalised scams.

AI 59

AI Deepfake Phishing Audit 59

Neopay

MARCH 6, 2025

False representations regarding WealthTeks regulatory permissions to continue the alleged fraudulent activities. enhanced due diligence: When firms operate under an AR structure, ensuring proper checks on business partners and their financial dealings is crucial. Payments amounting to 806,500 in 2014 and 3.9

Money Laundering 52

Money Laundering Audit Due Diligence Compliance 52

Fintech Finance

MARCH 5, 2025

Enhance compliance efficiency as Tuum’s direct integration with MDES removes the need for additional partner due diligence. “As digital payments continue to grow, financial institutions need seamless, secure, and cost-effective solutions to stay competitive,” said Myles Bertrand, Tuum CEO.

Service Provider 87

Service Provider Digital Payments Visa Due Diligence 87

Fintech News

JANUARY 16, 2024

Blacksmith enables banks to tailor their Customer Due Diligence (CDD) requirements and streamline data collection for efficiency gains. Together they will continue to provide a first-class customer experience, with smart, tailored offerings that address the needs and challenges of our clients and industry, now and in the future.

Due Diligence 109

Due Diligence Financial Crimes Crime Addressing 109

Finovate

SEPTEMBER 4, 2024

With Venminder, firms can manage vendors, track contract data, perform due diligence and oversight, send and score questionnaires, conduct risk assessments, systemically monitor risks across domains, order due diligence assessments on vendor controls, and more.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

Fintech News

MARCH 26, 2025

Thirapun Sanpakit Thirapun Sanpakit, Senior Executive Vice President, Stock Exchange of Thailand, said, SET has been continuously applying AI to enhance our operational processes, including market and listed company supervision, and content translation and transcription.

AI 98

AI Due Diligence Automation Facilitators 98

The Fintech Times

AUGUST 11, 2024

While some firms demonstrated good practices, many fell short of the required standards, especially in their approach to due diligence on so-called ‘stable’ cryptoassets. The poor In contrast, firms displaying the poorest practices failed to implement robust due diligence processes.

Compliance 69

Compliance Due Diligence Regulations Risk 69

PYMNTS

JANUARY 24, 2019

With third-party due diligence and supply chain security as increasingly critical components of organizations’ procurement operations, compliance executives are finding important positions in their firms’ purchasing processes. ” Organizations must do more with less, and they must do it quickly, he continued. .

Compliance 76

Compliance Due Diligence Risk Mitigation Risk 76

PYMNTS

JULY 24, 2020

A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology. So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside.

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

OCTOBER 13, 2016

Madhu explained that there are two segments of KYC — customer due diligence and enhanced due diligence. Customer due diligence covers the steps a business must take to identify and verify a consumer that is interacting with them digitally.

Compliance 76

Compliance Due Diligence Money Laundering Procedures 76

Segpay

NOVEMBER 26, 2024

This process, known as Customer Due Diligence/Know Your Customer (CDD/KYC) is a regulatory requirement aimed at the detection and prevention of money laundering (AML), fraud and other illegal activities. Enhanced Due Diligence (EDD), ongoing transaction monitoring of existing customers, is also an important part of the entire process.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

The Fintech Times

MAY 30, 2024

Julie Cunningham is the founder of Portend , a compliance-as-a-service platform providing due diligence on investments into startups. We are working vehemently to fine-tune our technology to provide a seamless real-time due diligence tool which is effective, efficient and does not miss any detail.

Due Diligence 59

Due Diligence Checks AI Compliance 59

Payments Dive

JULY 7, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. Swiss regulators are doing more due diligence. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy.

Tax Refunds 78

Tax Refunds Privacy Zelle Processors 78

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Continuous ICT system monitoring Continuous monitoring of ICT systems is a key requirement under Article 11 of DORA. Strengthen third-party risk management As third-party ICT providers play a crucial role in DORA compliance, establish a robust due diligence and assessment program.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

The Fintech Times

AUGUST 30, 2024

However, they must do their due diligence too, especially in the age of deep-fakes. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication 64

Authentication Due Diligence Verification Compliance 64

The Payments Association

OCTOBER 11, 2024

Tighter oversight of third parties: When firms engage third parties to manage safeguarded funds, stricter due diligence and diversification will be required , reducing third-party failure risks. He says: “I think the onus will be on doing appropriate due diligence at the start.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Fintech News

FEBRUARY 6, 2024

The battle against financial crime is an ever-evolving challenge requiring expert knowledge, cutting-edge technology, and continuous learning. As white-collar criminals tirelessly innovate their methods to commit financial crimes, the question arises: How can one step ahead in this high-stakes game?

White Collar Crime 106

White Collar Crime Crime Suspicious Activity Report (SAR) Financial Crimes 106

Fintech Finance

MARCH 5, 2025

Enhance compliance efficiency as Tuums direct integration with MDES removes the need for additional partner due diligence. As digital payments continue to grow, financial institutions need seamless, secure, and cost-effective solutions to stay competitive, said Myles Bertrand, Tuum CEO.

Service Provider 72

Service Provider Digital Payments Visa Due Diligence 72

The Fintech Times

JULY 9, 2025

However, another FCA investigation into a challenger bank could wipe out some of the ground they’ve gained, so all digital-first players need to ensure they’re not sacrificing due diligence in pursuit of growth. The brand could even benefit from transparency about what they’ve fixed.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

PYMNTS

NOVEMBER 27, 2020

As B2B eCommerce accelerates its technological innovation, and as adoption grows, it continues to look toward the world of B2C to implement optimized end-user experiences – for both the buyer and the seller. Yet while B2B eCommerce continues to evolve, the trade credit arena continues to be stuck in legacy paper and manual processes.

B2B 104

B2B Point-of-Sale (POS) B2C Due Diligence 104

Finextra

JULY 8, 2025

The aim is to reinforce a risk-sensitive and proportionate approach to Enhanced Due Diligence (EDD) obligations, particularly when dealing with domestic PEPs, their family members, and close associates. The guidance also clarifies that former PEPs must continue to be treated as such for a period of 12 months after leaving office.

Money Laundering 52

Money Laundering Due Diligence Risk Risk Assessment 52