Global Fintech & Digital Assets

MARCH 5, 2024

Banks are expected to apply the follow guidance in connection with their digital asset custodial services: Governance and risk management : Prior to launching digital asset custodial services, banks are expected to undertake a comprehensive risk assessment and to implement appropriate policies and procedures to mitigate identified risks.

Authorization 59

Authorization Product Due Diligence Procedures 59

Neopay

JUNE 27, 2024

Governance structure: Present a well-defined governance structure, highlighting key individuals responsible for regulatory compliance, risk management and oversight. Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Nanonets

JUNE 27, 2023

In an era where data breaches can have severe consequences, digitizing documents can help mitigate the risk and potential financial losses associated with unauthorized access to sensitive information. 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

Global Fintech & Digital Assets

DECEMBER 11, 2023

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. Requirements related to business continuity and disaster recovery have also been included for the first time.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. This flexibility enables easy scalability of their credit card management system to meet growing customer needs, all while maintaining high performance and robust security.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Nanonets

MAY 6, 2024

  Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms.   - Offers a comprehensive suite of financial solutions, including compliance, risk management, and financial reporting. 

Reconciliation 52

Reconciliation Accounts Audit Automation 52

FloQast

DECEMBER 13, 2023

In the context of internal controls, risk assessment identifies and evaluates the risks that could prevent the company’s internal controls from operating effectively. They will be looking to see that the control is operating as designed and mitigates the identified financial reporting risk.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 21, 2023

Risk-Handling Tool: In today's fast-paced business environment, managing risk is crucial for small businesses. An ERP system can help identify and mitigate various risks by integrating risk management functionalities.

Small Business 40

Small Business Automation Risk Process 40

Segpay

MARCH 20, 2024

This proactive approach to fraud detection minimizes financial losses for banks and customers, strengthens cybersecurity posture, and mitigates data breaches and cyber-attack risks. Risk Management and Compliance AI is crucial in risk management and regulatory compliance within the banking industry.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Payments Association

MARCH 20, 2025

Operational resilience is key for financial firms amid rapid tech advances, enabling innovation but increasing cyber threats, regulations, and risks. Resilience has moved away from recovery and further towards anticipation, mitigation, and adaptability to these challenges.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88