Fintech News

NOVEMBER 20, 2024

Risk management is another challenge. Transaction data is often unstructured and inconsistent, requiring market players to build their own systems to manage risk. Risk management in B2B payments is very different from B2C payments. Increasing anti-money laundering (AML) regulations further add complexity.

Cross-Border Payments 131

Cross-Border Payments Cross-Border B2B Due Diligence 131

The Fintech Times

FEBRUARY 6, 2025

With Agentic AI Company Research, our customers particularly in the private credit space gain a clearer picture of each companys credit health, enabling them to move faster and make data-driven decisions with confidence in a sector often challenged by poor disclosures, lack of traditional credit ratings, and the need for intensive due diligence.

Research 59

Research AI Risk Assessment Due Diligence 59

VISTA InfoSec

NOVEMBER 4, 2024

Conduct a DORA gap analysis Conducting a DORA gap analysis is essential for evaluating the effectiveness of your current ICT risk management and operational measures in relation to the requirements outlined in Article 6 of DORA. This roadmap should outline necessary remediation actions, timelines, and responsible parties.

Compliance 130

Compliance Risk Management Third-Party Service Provider Audit 130

Fintech Review

APRIL 19, 2025

SaaS fintech companies must ensure compliance, risk management, and secure infrastructure. This includes due diligence, auditing, and shared responsibilities with financial institutions. The post SaaS Fintech: Whats Next for the Most Powerful Pairing in Finance? SaaS fintech v2.0

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

Fintech News

DECEMBER 17, 2023

Define key objectives to guide decision-making, including the institution’s role in the finance ecosystem, portfolio strategy, partner selection, and risk management. An experienced ecosystem integrator partner like Zühlke can be invaluable in managing these challenges.

Payment APIs and Integration 143

Payment APIs and Integration Money Laundering Due Diligence SWIFT 143

Fi911

MARCH 14, 2024

Necessary Documentation to Provide a MID to a Merchant Before issuing a merchant identification number, banks or payment processors need to conduct due diligence to verify the legitimacy and financial stability of the merchant. When Should a Bank Consider Terminating a MID?

Due Diligence 105

Due Diligence Processors Fraud Detection Money Laundering 105

The Fintech Times

AUGUST 30, 2024

However, they must do their due diligence too, especially in the age of deep-fakes. This ongoing due diligence process is crucial to ensure that businesses continue to meet know your customer (KYC) regulatory requirements.

Authentication 64

Authentication Due Diligence Verification Compliance 64

Fintech News

JUNE 5, 2024

As fintech introduces new dimensions of complexity and opportunity in outsourcing, two distinct challenges have emerged, prompting FIs to reevaluate traditional outsourcing life cycle management models. The first pertains to the need for strategic management with a focus on innovation.

FinTech 109

FinTech Mitigation Risk On-Demand 109

The Fintech Times

JANUARY 28, 2024

Moody’s new Shell Company Indicator analyses over 485 million companies, entities, and individuals to flag behaviours that indicate a shell company may require further due diligence to assess its potential for involvement in illicit financial activity.

Due Diligence 59

Due Diligence Financial Crimes Crime Assessments 59

The Fintech Times

AUGUST 9, 2024

Customisable workflows enable seamless integration of Identity Verification with AML and Personally Identifiable Information (PII) checks, tailored to each business’s due diligence requirements. The post AU10TIX Aims to Reduce Operational Risk for Businesses With New AML Solution appeared first on The Fintech Times.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

Fintech Review

APRIL 19, 2025

SaaS fintech companies must ensure compliance, risk management, and secure infrastructure. This includes due diligence, auditing, and shared responsibilities with financial institutions. The post SaaS Fintech: Whats next for the most powerful pairing in finance? SaaS fintech v2.0

Finance 52

Finance FinTech Embedded Finance Payment APIs and Integration 52

Fintech News

JANUARY 16, 2024

Generative AI offers many applications in banking, from enhancing due diligence and risk management to streamlining legal contract generation and code writing. The bank employs AI for over four million daily decisions in risk management, customer service, and sales and expects to reach 10 million by 2025.

AI 117

AI Risk Non-Bank On-Demand 117

PYMNTS

NOVEMBER 30, 2017

First, there’s the Capture product, which optimizes the due diligence portion of the onboarding process, Lam explained. Second, there are the risk management technologies, including the cyberspace crawler that automatically reads and analyzes social posts about the merchant.

Due Diligence 46

Due Diligence AI Risk Management Blocks 46

Finovate

MAY 6, 2024

regulators– the Board of Governors of the Federal Reserve System, the FDIC, and the OCC– have published a new third party risk management guide for community banks. The guide is intended to supplement the Interagency Guidance on Third-Party Relationships: Risk Management document the agencies published in June of last year.

Regulations 52

Regulations Community Banks FDIC Due Diligence 52

Trade Credit & Liquidity Management

MAY 27, 2025

There are many inherent risks if you do not perform a thorough due diligence at the outset of a business relationship or when a customer’s ownership changes. Trade Credit & Liquidity Management is a reader-supported publication. To receive new posts and support our work, consider becoming a paid subscriber.

Due Diligence 52

Due Diligence OFAC Compliance Fincen 52

Neopay

OCTOBER 3, 2024

Despite this mandate, Starling opened over 54,000 accounts for 49,000 high-risk customers over a two-year period. Key takeaway : If your business deals with high-risk clients, it’s crucial to implement enhanced due diligence procedures. In today’s regulatory environment, the cost of non-compliance is too high to ignore.

Financial Crimes 59

Financial Crimes Crime Due Diligence Compliance 59

Neopay

DECEMBER 20, 2023

In the case of customers identified as domestic PEPs or having close associations with domestic PEPs, the initial risk assessment will consider them to present a lower level of risk compared to non-domestic PEPs. However, this flexibility is contingent upon the absence of other high (enhanced) risk factors.

Risk Assessment 52

Risk Assessment Money Laundering Assessments Regulations 52

Nanonets

APRIL 7, 2023

The demise of SVB serves as a stark reminder of the importance of due diligence and risk management when it comes to securing the financial position of startups. To mitigate these risks, many companies resorted to opening multiple bank accounts and distributing their funds across them.

Treasury Management 98

Treasury Management Treasury Due Diligence Wire Transfer 98

The Fintech Times

SEPTEMBER 14, 2024

The emergence of AI and ML tools has enabled companies to analyse vast amounts of data in real time, detecting patterns that indicate potential compliance risks, such as money laundering, sanctions, or fraud. ” The post Using AI to Streamline Compliance Processes: The Future or Could Too Much go Wrong?

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

Seon

JUNE 29, 2023

As such, it is part of an organization’s due diligence. Transactions that can be linked to terrorist financing can be elevated from conventional AML due diligence to advanced AML due diligence. KYT is a regulatory compliance requirement.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

Segpay

OCTOBER 18, 2023

By partnering with a payment processor that offers risk management as a value-added service, merchants can focus on their core business: selling their products and/or services. The post Transaction Laundering appeared first on Segpay. Merchants must invest in training, costly high-tech solutions, and expensive experts.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

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. The post FCA issues warning to firms over AML failings appeared first on Neopay.

AML 52

AML Financial Crimes Crime Risk Assessment 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Seon

SEPTEMBER 20, 2023

According to McKinsey, banks use up to 40% of their onboarding time on KYC and due diligence processes. KYC onboarding is, therefore, an act of customer due diligence and enhanced due diligence. Both AML and KYC onboarding are systems of risk management.

Process 52

Process Due Diligence AML Verification 52

The Fintech Times

SEPTEMBER 19, 2024

However, risk orchestration is a process promising to help fintechs and financial institutions combine their customer onboarding, authentication and risk management processes into one place. “This is done through the integration of risk management, adaptive risk mitigation, process automation, and real-time analysis.

Risk 59

Risk Financial Crimes AML Risk Management 59

FICO

JANUARY 25, 2018

Here are just three examples of where it is necessary to understand the cybersecurity posture of your business partners: Vendor risk management – understanding your suppliers’ (and their suppliers’) cyber risk. As my colleague Doug Clare wrote in his blog , connectivity creates aggregate risk. Credit risk.

Cybersecurity 49

Cybersecurity Risk Assessment Data Breach Due Diligence 49

FICO

FEBRUARY 11, 2019

The country’s financial and non-financial regulated institutions will be able to use the FICO ® TONBELLER™ Siron ™ KYC module to perform due diligence processes, in compliance with local laws and regulations, through APC Intelidat’s powerful technology infrastructure.

Financial Crimes 40

Financial Crimes Crime Due Diligence Money Laundering 40

Neopay

DECEMBER 6, 2023

These reviews mainly focused on areas related to financial crime, controls, risk management, and business conduct, prompting firms to proactively evaluate their practices in these domains. Controls : The scrutiny of internal controls has been heightened to ensure they are robust and capable of effectively managing risks.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Neopay

NOVEMBER 13, 2024

Proactive risk management: We help assess your business’s risk exposure, implementing frameworks that keep up with growth, high-risk customers, and evolving regulations to keep your compliance efforts ahead. The post FCA fines Metro Bank £16 million for financial crime failings appeared first on Neopay.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization 59

Authorization Product Due Diligence Procedures 59

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud. Contact us today , we’d love to chat with you.

Security 52

Security Due Diligence Compliance Payments 52

Finovate

APRIL 10, 2024

To reduce these issues, banks should have risk management processes in place and regularly check in with their partners. However, by conducting proper due diligence, regularly updating controls, and learning from other institutions’ mistakes, firms may find it easier to sleep at night.

Due Diligence 52

Due Diligence Privacy FDIC Compliance 52

Neopay

MARCH 14, 2024

In February, the FCA confirmed that it has significantly increased its supervisory activity with payments firms, with a focus on prudential risk management, wind down planning and safeguarding. Risk assessments and due diligence of third parties should be reviewed regularly based on your safeguarding policy.

Audit 59

Audit Risk Assessment Reconciliation Due Diligence 59

Seon

JULY 10, 2024

However, the two often overlap, as both contribute to an organization’s overall risk management and compliance efforts. Machine learning systems analyze historical transaction monitoring data to suggest new risk rules and patterns that human analysts might overlook. What is fraud risk monitoring?

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

The Fintech Times

DECEMBER 19, 2023

That will change in 2024 as the industry shifts towards ‘productionising’ AI, with a pointed focus on deployments that deliver the most benefit for fund managers and help them obtain the highest ROI on integrating AI into their day-to-day activities and existing workflows.

AI 78

AI Embedded Finance Due Diligence Finance 78

The Fintech Times

NOVEMBER 20, 2024

It is important to understand that not everyone has the expertise to conduct due diligence on every company they want to work with. ” The post How do Regulations Make the World of Alternative Investment More Secure? . “Investment services are becoming much more regulated in Europe, globally and in general.

Regulations 72

Regulations Security Accreditation Rules 72

FICO

MARCH 31, 2016

A panel of experts will discuss how an institution’s stress testing activities should go beyond just meeting regulatory compliance requirements and help to drive business planning and risk management policies. Model management continues to present financial institutions with new compliance obstacles.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49