VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

VISTA InfoSec

NOVEMBER 4, 2024

Develop an incident response plan An effective incident response plan is crucial for promptly managing and mitigating ICT disruptions. Collaboration between departments, such as IT, compliance, risk, and legal, is crucial for a unified approach to managing ICT risks.

Compliance 130

Compliance Third-Party Service Provider Risk Management Audit 130

Finovate

SEPTEMBER 4, 2024

Kentucky-based Venminder offers a SaaS platform for third-party risk management that helps more than 1,200 customers manage their vendor relationships– from onboarding to offboarding. Photo by Edmond Dantès The post Ncontracts Acquires Third Party Risk Management Company Venminder appeared first on Finovate.

Risk Management 58

Risk Management Risk Due Diligence Acquirers 58

Finovate

FEBRUARY 15, 2024

Features Offers precision-tailored LLM specializing in financial data Delivers transparent data sourcing with detailed audit trails Provides advanced data security measures, mitigating breaches and compliance violations Who’s it for?

Due Diligence 58

Due Diligence Risk Assessment CRM AI 58

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. are some of the common metrics you need to track.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

DECEMBER 4, 2023

An effective AML compliance program must include Know Your Customer (KYC) protocols, transaction monitoring and reporting, risk assessment and categorization, and training and awareness for staff. With AML legislation, financial institutions are required to follow strict protocols for money laundering risk management.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks.

AML 52

AML Financial Crimes Risk Assessment Due Diligence 52

The Fintech Times

JANUARY 25, 2024

Given this backdrop, things are about to become a lot more complex for banks and financial service providers as they seek to onboard new customers and maintain due diligence on existing ones. Forming a risk-based approach can help FIs link their methodology back to their wider risk appetite and strategy.

Risk 59

Risk Due Diligence Financial Crimes Money Laundering 59

Nanonets

DECEMBER 13, 2023

#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. The audit trail acts as a comprehensive record, demonstrating due diligence in regulatory adherence.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

SEPTEMBER 19, 2024

. “Risk orchestration lowers risk and boosts resilience of financial institutions by facilitating quick threat detection and response,” Kelvin Lim , senior director at the Synopsys Software Integrity Group. “Automated workflows facilitate real-time risk management, ensuring a coordinated response to evolving threats.

Risk 59

Risk Financial Crimes AML Risk Management 59

Segpay

JANUARY 30, 2025

High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective. High-Risk Classification: A Core Concern Regulators and card schemes classify businesses based on perceived risk, assessing the likelihood of chargebacks, fraud, and other liabilities.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

Nanonets

SEPTEMBER 22, 2023

Effective  vendor management  contributes to cost optimization,  risk mitigation , and quality assurance. Evaluating potential suppliers through a rigorous qualification process can help mitigate risks and ensure that they align with the business objectives and values.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40

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

Seon

APRIL 11, 2024

Both departments are crucial in identifying and mitigating fraud and reducing risk, including financial, operational, legal and reputational hazards. Such cross-functional insights facilitate a more proactive and predictive approach to identifying and mitigating financial crime, ensuring that organizations stay one step ahead.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Tearsheet

AUGUST 7, 2024

Morgan’s financial strength and Slope’s innovative approach to credit risk assessment and monitoring. To solve this we built an AI agent with web access trained to carry out a due diligence process and generate a report that’s fed directly into our database. The partnership brings together J.P.

AI 59

AI B2B Finance Underwriting 59

PYMNTS

MAY 15, 2017

The management of third-party relationships is no longer “one and done,” she added, with sporadic risk assessments.

Cybersecurity 43

Cybersecurity Risk Disaster Recovery Third Party Vendors 43

Seon

MAY 31, 2024

By leveraging advanced technologies, companies can preemptively identify and mitigate potential threats, safeguarding transactions and protecting customer activities without imposing undue burdens on customers. Any perception of negligence or indifference can cause irreparable damage to the brand’s reputation.

Fraud Prevention 52

Fraud Prevention Fraud Detection Compliance Money Laundering 52

The Payments Association

JUNE 5, 2025

Omitting cash from payment options risks alienating vulnerable users and could breach inclusion expectations under regulatory frameworks like the FCAs Consumer Duty. Documenting efforts to mitigate bias in online payment flows will strengthen a firms position under the FCAs Consumer Duty obligations. FCAs Consumer Duty).

Payments Trends 88

Payments Trends Consumer Online and Mobile Banking Debit Card 88

Global Fintech & Digital Assets

OCTOBER 5, 2023

Risk Assessment The coin-listing policy must require thorough due diligence on both the relevant coin and its issuer prior to approval for listing, including with respect to the following risk categories: Technical Design and Technology; Operational; IT/Cybersecurity; Market and Liquidity; Illicit Finance; Legal; Reputational; and Regulatory.

Procedures 52

Procedures Stablecoins Issuers Due Diligence 52

Neopay

FEBRUARY 21, 2025

Mako did not conduct due diligence on these payments, which created a heightened risk of money laundering. The FCA also found that Mako’s internal controls were insufficient to detect and mitigate potential financial crime risks.

Financial Crimes 52

Financial Crimes Due Diligence Crime Compliance 52

Finovate

FEBRUARY 12, 2025

” Edwards added that the solution “empowers financial institutions to efficiently mitigate financial crime risk while driving growth and efficiency gains.” Dublin, Ireland-based Fenergo made its Finovate debut at FinovateEurope 2012.

AI 52

AI Financial Crimes Due Diligence Crime 52

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

The Payments Association

MAY 14, 2025

Both Palmer and Attwal emphasised the central role of intelligent compliance technologies in enabling this shiftnot just as risk mitigators, but as enablers of sustainable cross-border growth. This includes visibility into documentation, rule application, and risk assessments.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88

The Fintech Times

APRIL 1, 2025

As organisations face mounting security vulnerabilities and compliance challenges, Zip for Risk Orchestration enables global enterprises to streamline supplier risk assessments, financial verification, and regulatory compliance, enabling businesses to mitigate risks related to fraud, security breaches, and costly enforcement actions.

Mitigation 59

Mitigation Risk Verification Risk Management 59