Finextra

JUNE 30, 2025

banks face challenges in AI adoption, such as regulatory compliance and risk management. Data privacy is also a concern. Banks handle sensitive customer data that cannot be simply fed into public AI models without safeguards. Please read our Privacy Policy. Challenges U.S.

AI 69

AI Finance Fraud Detection Use Case 69

The Finance Weekly

OCTOBER 15, 2023

But, there are important things to think about, like data security, ethics, rules, and biases. CFO Uncertainties Using AI in financial operations comes with certain risks, which include: Data Security and Privacy: , Protect financial data through strong security measures to maintain trust and comply with regulations.

AI 130

AI Risk Data Security Automation 130

VISTA InfoSec

JUNE 3, 2024

This rule, which started on May 25, 2018, gives customers more control over their data and makes data collection and use more transparent. A big part of the GDPR is protecting people’s privacy and data from unauthorized access. PCI PIN and PCI DSS: Standards for securing payment card data.

MFA 130

MFA Credential PCI DSS Compliance 130

Open Banking Excellence

JULY 9, 2024

Importantly, we sought to discover if the Open API technology would be able to provide easy, seamless integration of information to the customers while remaining secure and compliant with current regulations. As well, we sought to determine what regulatory changes might be required to balance data security with free flow of information.

API 147

API Payment APIs and Integration Participant Regulations 147

The Fintech Times

MARCH 25, 2024

This debate has become more complex and nuanced in the context of open finance, where aligning technology investments with key objectives such as regulatory compliance, secure data management, and enhancing customer interactions takes precedence.

Finance 115

Finance Regulatory Compliance On-Demand Compliance 115

Fi911

JANUARY 31, 2024

Navigating the Path Ahead with Caution Banks bear significant overhead costs managing infrastructure, regulatory compliance, and customer service. Industry commitment to data security and privacy must be unwavering, as mishandling customer data can result in severe legal consequences and erode customer trust.

AI 105

AI MFA Regulatory Compliance Best Practices 105

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. Such a scenario would leave the door wide open for data-controlling companies to send customer information to that criminal under the false pretense of regulatory compliance and data security.

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

Fintech Review

JUNE 12, 2024

These challenges include legacy systems, regulatory compliance, and cultural resistance to change. Additionally, the integration process involves ensuring data interoperability and security, which can be complex and time-consuming. Employees accustomed to traditional methods may resist adopting new processes and tools.

Risk Assessment 96

Risk Assessment Regulatory Compliance Assessments Risk Management 96

Finextra

JULY 7, 2025

This article delves into the multifaceted reasons behind this phenomenon, exploring why organizations are choosing to keep their AI contained within the familiar confines of their data silos. The Security Fortress: Protecting Data in a Vulnerable World At the heart of this reluctance lies a deep-seated concern for data security and privacy.

AI 59

AI Payment APIs and Integration Audit Government 59

M2P Fintech

JANUARY 3, 2024

If tech infrastructure is not managed effectively, it impacts scalability, security, reliability, and business continuity. Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

Fintech Review

JULY 16, 2024

How Open Banking Works It relies on APIs, which enable different software systems to communicate and exchange data securely. For example, APIs allow fintech companies to access banking data, facilitating the creation of enhanced financial services. They can revoke this consent at any time, maintaining control over their data.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Tearsheet

JULY 1, 2024

Additionally, the conversation touches on important considerations such as data security, implementation challenges for businesses adopting new payment technologies, and potential future developments in the field. Security: These payment solutions come with strong security features like advanced encryption and authentication.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

JANUARY 29, 2019

The latest research from Cisco on the topic suggests executives may want to loosen the purse strings when it comes to cybersecurity investment, because the spend is paying off — including in ways beyond regulatory compliance. But for companies that are GDPR-ready, sales delays were significantly shorter — 3.4 weeks, compared to 5.4

Cybersecurity 59

Cybersecurity Data Breach Phishing Privacy 59

Fintech Finance

MARCH 12, 2024

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and comforte AG, a leading provider of data-centric security solutions, have announced a partnership to help customers meet the new Payment Cards Industry Data Security Standards (PCI DSS) v4.0 PCI DSS v4.0 PCI DSS v4.0

PCI DSS 52

PCI DSS Compliance Encryption Real Time Payments 52

Segpay

DECEMBER 7, 2023

The main objectives of the DSA are to: Ensure high-level protection for users’ fundamental rights online, such as freedom of expression, privacy, data protection, non-discrimination, and consumer protection. Data Security and Protection Ensuring robust data security measures is imperative for complying with the DSA.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

Open Banking Excellence

SEPTEMBER 27, 2024

The DBT’s advocacy for policies promoting financial inclusion through Open Banking underscores its commitment to ensuring that innovation thrives while safeguarding consumer rights and data privacy.

Financial Inclusion 147

Financial Inclusion Laws FinTech Regulations 147

Clearly Payments

MARCH 22, 2024

Service providers must be transparent about their security protocols and responsive to emerging threats to maintain user confidence. Regulatory compliance is another critical aspect of ensuring security and trust in mobile payments.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Stax

MARCH 15, 2024

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes.

Process 88

Process Security PCI DSS Encryption 88

Segpay

JANUARY 30, 2025

As financial institutions, these companies must implement risk management procedures and regulatory compliance to prevent reputational and financial damage. High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

The Fintech Times

SEPTEMBER 13, 2024

” Data security platforms Iwona Rajca , solution engineer EMEA at Protegrity “Regtech offers the opportunity to lower cost and risk at the same time by outsourcing to specialists and benefiting from best-in-class compliance,” explains Iwona Rajca , solution engineer EMEA at data protection firm Protegrity.

Compliance 72

Compliance FinTech Reconciliation Audit 72

PYMNTS

OCTOBER 25, 2019

Can data be harvested … with decency? The California Consumer Privacy Act looms, taking effect at the beginning of 2020. Across the pond, the General Data Protection Regulation ( GDPR ) took effect in May of 2018. The companies themselves show a bit of disconnect in how they view their data-centric practices.

Visa 40

Visa Best Practices Privacy Regulatory Compliance 40

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

PYMNTS

JULY 17, 2019

Not only having data on their portfolio at-the-ready, but being able to analyze and make use of that data for actionable insights, is not necessarily the norm in today’s banking system, said Price. On top of that balancing act is the rising pressure of regulatory compliance, too.

Risk 52

Risk Compliance Risk Mitigation Mitigation 52

PYMNTS

OCTOBER 6, 2017

“Private companies that comply with voluntary guidance released by the federal government regarding cybersecurity enhancement may increase protection of payroll data,” the publication wrote last month, “and also increase their preparedness for abiding by data privacy regulations the European Union is to implement next year.”.

Payroll 55

Payroll Cybersecurity Data Breach Treasury 55

Nanonets

JUNE 27, 2023

Regulatory compliance and auditing Compliance with industry regulations and retention policies is critical for businesses. Managing access to information is a priority for 89% of organizations regarding their overall risk management and security posture.

Product 52

Product Disaster Recovery Automation Compliance 52

EBizCharge

JULY 29, 2024

User access and security: Role-based access controls ensure that users can only access data and functions relevant to their roles, enhancing security and data privacy. Increased data security and compliance with regulations Data security and regulatory compliance are critical concerns for businesses.

Product 52

Product Payments Electronic Funds Transfer (EFT) Compliance 52

Nanonets

JULY 26, 2023

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. Data security and compliance Nanonets prioritize data security and compliance.

Automation 52

Automation AI Financial Analysis Volume 52

Nanonets

JULY 25, 2023

This helps organizations maintain high data quality standards and make informed decisions based on reliable data. Better Compliance and Governance: Automation helps enforce standardized processes and internal controls, supporting regulatory compliance.

Automation 52

Automation Compliance Process Government 52

Segpay

APRIL 22, 2024

Regulatory Compliance – High-risk merchants are subject to stringent regulatory requirements and compliance standards, particularly in gambling, gaming, adult, travel, or pharmaceutical industries. This strengthens the merchant’s position and saves his finance and dispute department time and resources.

Data Breach 52

Data Breach Online and Mobile Banking Risk PCI DSS 52

Nanonets

MARCH 30, 2023

OCR technology can also help improve data security and privacy. In healthcare and medical establishments, there is a high level of sensitivity around patient data. OCR technology can help ensure that patient data is accurately and securely entered into EHRs, reducing the risk of data breaches and other security issues.

Automation 52

Automation Process Research AI 52

EBizCharge

MAY 14, 2024

These benefits include time efficiency, improved accuracy, enhanced customer service, scalability, cost savings, regulatory compliance, insights and analytics, and integration with other systems. This reduction in labor costs translates into direct savings for businesses, as fewer resources are required to manage billing operations.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

JULY 28, 2023

Improved Regulatory Compliance: Compliance requirements can be complex, but document workflow management reduces the risk of non-compliance. Automated records retention schedules and easier classification and storage of documents help meet strict security and privacy guidelines.

Disaster Recovery 52

Disaster Recovery Automation Procedures Compliance 52

Nanonets

NOVEMBER 18, 2024

Compliance and security: Built with regulatory requirements in mind, ensuring data security and accuracy for sensitive financial workflows. Ocrolus is best suited for organizations in the financial sector that demand high accuracy and efficiency in processing complex, unstructured data. Ease of Setup N/A 8.0

Automation 52

Automation Volume AI API 52

Stax

APRIL 18, 2024

It should support various payment methods, encryption standards, and compliance requirements to ensure data security and regulatory compliance. This software needs to be EMV compliant to handle chip card transactions securely.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

EBizCharge

JULY 18, 2024

Enhanced data security The security protocols inherent in EDI payments are rigorous, ensuring that sensitive financial information is protected. This compliance reduces the risk of legal issues and fines, as it guarantees that transactions meet the necessary data security and privacy standards.

ACH 52

ACH Transactions Payments Funds Transfer 52

Segpay

MARCH 10, 2025

Cryptocurrency Some gaming platforms now support Bitcoin, Ethereum, and other digital currencies , appealing to players seeking privacy and decentralization in their payments. Employee Security Training Educating staff on fraud detection, phishing scams, and secure payment handling strengthens platform-wide security.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40