Finextra

AUGUST 9, 2024

Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.

Due Diligence 52

Due Diligence AI Risk Process 52

The Fintech Times

MARCH 28, 2025

To help put a dent in this figure, Creditinfo , a global service provider for credit information and risk management solutions, has launched its global identity, know your customer (KYC), and fraud and ID solution. Organisations face a series of challenges, from eroding profit margins to reputational risks to data breaches as fraud grows.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech News

AUGUST 1, 2024

ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore and Malaysia with an upgraded Know Your Business (KYB) service. JewelPaymentech, acquired by ADVANCE.AI

Due Diligence 117

Due Diligence Money Laundering AML Verification 117

Finextra

FEBRUARY 13, 2024

Grasshopper, the client-first digital bank built for the business and innovation economy, and Greenlite, the leading generative AI platform for compliance teams, today announced their partnership to leverage Greenlite’s AI-enhanced due diligence suite to bolster Grasshopper’s risk decisioning proficiency for small and medium-sized business (SMB) and (..)

Due Diligence 49

Due Diligence AI Compliance Economy 49

The Payments Association

JANUARY 13, 2025

While intended to clarify ownership rights, this approach risks prolonging uncertainty as courts struggle with defining and applying new legal principles. The concern is regarding the period of adjustment and whether this leaves firms exposed to operational and compliance risks, particularly in the absence of established precedents.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Clearly Payments

APRIL 8, 2025

Clearly Payments acts as a long-term advisor, helping with: RFPs and vendor selection for new platforms or partners M&A payments due diligence New product launches and billing models (subscriptions, usage-based, etc.) Even small improvements across departments can lead to major gains in speed, accuracy, and customer satisfaction.

Consulting 89

Consulting Payments Cross-Border Due Diligence 89

Finextra

FEBRUARY 14, 2024

Grasshopper, the client-first digital bank built for the business and innovation economy, and Greenlite, the leading generative AI platform for compliance teams, today announced their partnership to leverage Greenlite’s AI-enhanced due diligence suite to bolster Grasshopper’s risk decisioning proficiency for small and medium-sized business (SMB) and (..)

Due Diligence 45

Due Diligence AI Compliance Economy 45

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.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Fintech Times

FEBRUARY 6, 2025

provides decision-makers including those in private credit with data-rich intelligence that highlights key trends, risks and opportunities. The new offering combines daily credit risk modelling with agentic research to provide a dynamic, 360-degree risk assessment. Rajiv Bhat, CEO of martini.ai Notably, all martini.ai

Research 59

Research AI Risk Assessment Due Diligence 59

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. A traditionally manual process involving PDF questionnaires, supplier due diligence is rarely at the top of the list when organizations are considering where to place their resources to invest in new, automated technology.

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

Fintech Review

OCTOBER 16, 2024

While the potential returns are attractive, the risks involved can be significant. At Fintech Review we explore yield farming and liquidity mining, analysing the rewards and inherent risks associated with these strategies. One of the biggest risks is smart contract vulnerabilities. Market volatility is another critical risk.

Assessments 98

Assessments Risk Returns Audit 98

Fintech News

OCTOBER 8, 2024

The aim is to mitigate the risks associated with such businesses. These include maintaining a minimum capital of S$ 250,000 and adhering to stringent AML/CFT obligations, such as conducting customer due diligence, monitoring transactions, and reporting suspicious activities.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

Fintech News

FEBRUARY 5, 2025

It also minimises the risk of penalties associated with non-compliance. Our goal is to help businesses achieve compliance with AML and Know-Your-Customer (KYC) standards while optimising customer due diligence procedures. said Penny Chai, Vice President of Business Development, APAC at Sumsub.

Verification 72

Verification Checks Security Identity Theft 72

Finovate

SEPTEMBER 4, 2024

Ncontracts has acquired Venminder, a third-party risk management SaaS platform, to enhance its governance, risk, and compliance services. The acquisition will broaden Ncontracts’ expertise in third-party risk management and strengthen its position in both SaaS and knowledge-as-a-service markets.

Risk Management 59

Risk Management Risk Due Diligence Acquirers 59

M2P Fintech

APRIL 11, 2025

Due diligence was inadequate, and end-use monitoring, especially for high-value or income-generating loans, was inconsistent or missing. Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied. Purity checks must be documented and auditable.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

Payments Source

JANUARY 11, 2021

Careful due diligence is required when picking technology to expedite accounts payable automation, says Kofax's Michelle Trapani.

Due Diligence 69

Due Diligence Risk B2B Automation 69

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. could also be classified as operational risks.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Review

APRIL 19, 2025

SaaS fintech players that fail to leverage their data risk being outpaced by more adaptive competitors. SaaS fintech companies must ensure compliance, risk management, and secure infrastructure. This includes due diligence, auditing, and shared responsibilities with financial institutions. lies in vertical platforms.

Finance 94

Finance Embedded Finance FinTech Payment APIs and Integration 94

Fintech News

NOVEMBER 20, 2024

Despite the opportunity, the B2B payments market remains vastly underserved and traditional banks are often unwilling to cater to SMEs due to low profit margins, high risks, and elevated operational costs. Risk management is another challenge. Risk management in B2B payments is very different from B2C payments.

Cross-Border Payments 131

Cross-Border Payments Cross-Border B2B Due Diligence 131

The Fintech Times

JANUARY 13, 2025

Ninety-two per cent of organisations are facing significant risks, including non-payment, legal disputes, and reputational damage as they do billable work without the assurance of being an approved supplier as Taulia , the capital management solutions provider, reveals its latest research.

Visa 59

Visa Due Diligence Wire Transfer Direct Deposit 59

FloQast

MAY 2, 2024

Listeners gain valuable lessons in ethics, due diligence, and professional skepticism, making it a compelling exploration for finance professionals. More than a narrative of past misdeeds, “The Fraud Files” offers insights into the mechanics of fraud and its consequences.

Crime 105

Crime Due Diligence Advisors Agreements 105

Finezza

APRIL 9, 2024

It involves due diligence regarding customer background by the lenders, regulatory compliance, and financial processes for the lender. The lending life cycle consists of all activities that begin at the loan application stage and culminate with the final repayment.

Best Practices 89

Best Practices Due Diligence Regulatory Compliance Compliance 89

The Payments Association

JANUARY 29, 2025

The lack of clear ownership in key compliance areas, such as transaction monitoring and risk remediation, led to delays in resolving issues. Outdated or ineffective transaction monitoring systems : Institutions relied on outdated or poorly configured transaction monitoring systems that did not keep up with evolving risks.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

Fintech News

OCTOBER 6, 2024

One major focus is on proactive prevention, where the IMC advocates for tighter regulations on corporate service providers and enhanced due diligence for non-financial sectors vulnerable to exploitation by money launderers. “The IMC’s recommendations are Singapore’s latest measures to combat ML and other financial crimes.

Money Laundering 123

Money Laundering Law Enforcement Financial Crimes Due Diligence 123

PYMNTS

SEPTEMBER 22, 2020

“A bank providing services in support of a stablecoin project must comply with all applicable laws and regulations and must ensure that it has instituted appropriate controls and conducted sufficient due diligence commensurate with the risks associated with maintaining a relationship with a stablecoin issuer,” Gould wrote. .

Office of the Comptroller of the Currency 138

Office of the Comptroller of the Currency OCC Stablecoins Due Diligence 138

Stax

NOVEMBER 27, 2023

Even if you’re not in the financial industry, you’ll need a payment processor or payment service provider (PSP) to start generating revenue, which means you’ll need to either have a proper risk management framework in place—or work with a PSP that has one. In the U.S.,

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Neopay

DECEMBER 6, 2023

On 5 th December 2023, HM Treasury unveiled a revised list of high-risk third countries, aligning with the latest recommendations from the Financial Action Task Force (FATF). These changes demand immediate attention from UK-regulated firms, as they impact the application of enhanced customer due diligence (EDD) measures.

Treasury 52

Treasury Due Diligence Risk Money Laundering 52

The Fintech Times

MARCH 17, 2025

While IT teams are normally tasked with protecting organisations, sales, marketing, and communications employees must also ensure they are doing their own due diligence in their roles to ensure fraudsters can’t slip through the gaps. Similarly, another one per cent said it wasn’t impactful at all in risk prevention.

AI 59

AI Fraud Prevention Transactions Due Diligence 59

Neopay

APRIL 10, 2025

We assist companies: Conduct thorough testing of their AML and transaction monitoring controls Identify and remediate gaps in business relationship monitoring and ongoing due diligence Review governance arrangements and establish robust control structures that are tailored to your risk profile Prepare for inspection and minimise enforcement risk through (..)

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

Fintech News

DECEMBER 6, 2023

According to Airwallex, the introduction of this generative AI technology has led to a 50 percent decrease in false-positive alerts during the KYC due diligence phase. Even though this was effective in identifying high-risk keywords , it often lead to numerous false-positive alerts.

AI 120

AI Due Diligence Assessments Rules 120

The Fintech Times

JANUARY 25, 2024

This is especially true for financial services organisations, which need to balance the potential risks of dealing with PEPs, as well as protecting the right to access banking service. Given the high public profile of PEPs, there are also significant reputational risks if a customer feels mistreated.

Risk 59

Risk Due Diligence Financial Crimes Crime 59

The Fintech Times

MARCH 27, 2025

As a result of needing to implement diverse payment methods, fraud prevention tools and authentication protocols, merchants are finding themselves facing high costs and at risk of not complying with the latest regulations. The global payments scene is rapidly changing.

Due Diligence 59

Due Diligence Alternative Payment Methods Authentication Fraud Prevention 59

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation. The post AU10TIX Aims to Reduce Operational Risk for Businesses With New AML Solution appeared first on The Fintech Times.

AML 65

AML Risk Payment APIs and Integration Money Laundering 65

Neopay

JANUARY 22, 2025

Generative Artificial Intelligence (GenAI) is revolutionising many industries, but with this innovation comes significant risks. Despite the rising risk, less than a quarter (22%) of financial institutions have implemented AI-driven fraud prevention measures, highlighting a significant vulnerability.

AI 59

AI Deepfake Phishing Audit 59

Neopay

APRIL 22, 2025

As regulatory and compliance specialists for payment and e-money firms, we recognise the importance for due diligence, transaction monitoring, and robust AML controls. Compliance regimes need to respond accordingly, with risk assessments that are proactive and substantive continuous monitoring.

Money Laundering 52

Money Laundering Crime Financial Crimes Due Diligence 52

PYMNTS

JANUARY 30, 2019

So the idea that the money laundering directive in Europe would mandate beneficial ownership as a part of enhanced customer due diligence “is, in some ways, the logical next step,” Gaddy said. Forex companies, in particular, move money as they change it from different currency types.

Due Diligence 74

Due Diligence Verification Money Laundering FinTech 74