PYMNTS

MAY 2, 2016

As the threats that face organizations continue to evolve in scope and complexity, so too does the role of chief risk officer. In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. PYMNTS: What does a day in the life of a chief risk officer look like?

Risk 41

Risk Risk Management Disaster Recovery Audit 41

Nanonets

DECEMBER 13, 2023

In addition, AI can help insurance firms evaluate risk with high accuracy by analyzing large volumes of data. 1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes.

AI 102

AI Process Fraud Detection Compliance 102

Fintech News

MAY 5, 2024

Cloud-based core banking solutions are becoming pivotal in this digital migration, aiding in reducing vulnerability and risk for those individuals, and is “likely to have a positive effect on economic development” according to the Asian Development Bank.

Financial Inclusion 115

Financial Inclusion Underserved Disaster Recovery Regulatory Compliance 115

Fintech News

MAY 28, 2024

In China, Alibaba Group’s MYBank is an online-only bank that serves SMEs as well as underbanked rural and urban customers by leveraging analytics on real-time payments data and risk-management systems, to analyse more than 3,000 variables when issuing loans.

APACS 128

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 128

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

To demonstrate financial adequacy, firms should consider the following: Capital Planning: Develop a robust capital planning strategy that takes into account potential risks and contingencies. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. 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

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

FICO

APRIL 16, 2019

A great case study from Medscheme, one of South Africa’s largest providers of administrative and health risk management solutions for the health care sector, shows how multiple technologies can be integrated to create a state-of-the-art decision platform.

Disaster Recovery 40

Disaster Recovery Advisors Rules Volume 40

M2P Fintech

AUGUST 8, 2023

Regulatory Compliance: Flexible platform that adapts to dynamically changing regulatory frameworks and mitigates risks. This not only simplifies the management process but also enhances operational efficiency, coordination, and communication between diverse internal teams.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Nanonets

MAY 6, 2024

Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency.   Automation tools mitigate the risks associated with manual reconciliation processes by automating repetitive tasks and providing robust error-checking mechanisms.

Reconciliation 52

Reconciliation Accounts Audit Automation 52

FloQast

DECEMBER 13, 2023

Combined with other issues, including panic selling, bank failures, excessive risk-taking, and economic imbalances, it created the perfect storm that led to Black Tuesday. Risk Assessment Risk assessment is the process of identifying and evaluating the risks that could impact achieving a company’s objectives.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

Nanonets

SEPTEMBER 21, 2023

This integration eliminates the need for manual data entry and reduces the risk of errors and inconsistencies. This allows small businesses to automate manual processes, eliminate duplicate data entry, and reduce the risk of errors. One of the key advantages of cloud-based ERP solutions is their scalability.

Small Business 40

Small Business Automation Risk Process 40

Segpay

MARCH 20, 2024

Deploying generative AI will be a dual-edged sword, presenting exciting opportunities and significant risks. While generative AI offers tremendous opportunities for innovation and growth in banking, it also comes with significant risks that require careful consideration. Look at the Bright Side!

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. Regulatory compliance forms the third.

Compliance 88

Compliance Disaster Recovery Regulatory Compliance Risk 88