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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Reducing potential losses from high-risk merchants.

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Building the Backbone: Future-Proofing Fintech Infrastructure for the Next Decade

Finextra

AI and Edge Computing: How to Power Data-Driven Finance Artificial Intelligence (AI) is revolutionising fintech through real-time fraud detection, automated trading and risk assessment. But these use cases generate vast volumes of data that require near-instantaneous processing.

FinTech 52
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PCI DSS 4.0

Cardfellow

The full name (PCI DSS) stands for Payment Card Industry Data Security Standard and its a set of rules to help keep cardholders information secure. For a quick refresher, PCI refers to security standards that apply to all businesses that accept credit cards. version requires transport layer security (TLS) 1.2

PCI DSS 52
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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Open data extends beyond regulated financial data-sharing to non-banking datasets, such as telecom, utility, e-commerce, and social data, creating new layers of insight but also new risks.

Finance 88
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What Are Merchant Category Codes (MCCs)?

EBizCharge

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML).

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How to Conduct an ISO 27001 Risk Assessment

VISTA InfoSec

Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!

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The Evolution of Insurtech and its Impact on Traditional Insurance Models

Fintech Review

We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies. Enhanced Risk Assessment IoT data provides insurers with a more accurate understanding of risk profiles.