Finovate

FEBRUARY 15, 2024

Taktikal Taktikal is a regtech cloud solution that allows fintech companies to set up regulated workflows faster than ever before in a no-code self-service environment. Payment providers, financial service providers, insurance companies, professional services, and banks.

Due Diligence 58

Due Diligence Risk Assessment CRM AI 58

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

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

Segpay

JANUARY 30, 2025

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. The EU AI Act classifies AI systems into four different risk levels: unacceptable, high, limited, and minimal risk.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

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

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements. For fraud, the focus was historically on customer identity.

Risk 59

Risk Financial Crimes AML Risk Management 59

The Fintech Times

MARCH 5, 2024

Meo (formerly NewBanking), the Danish end-to-end platform helping clients with risk assessment and continuous due diligence, has secured €1.67million for increased growth and expansion in Europe – expanding clients beyond the traditional banking sector to VCs and law firms.

FinTech 59

FinTech Online and Mobile Banking Due Diligence Legal 59

Stax

DECEMBER 20, 2023

By hiring the services of a payment facilitator or processor, a business does not have to open its own merchant account. This system works very well for SaaS providers. The key is to talk to your payments services provider and ask them about their approval times. What’s next?

Underwriting 88

Underwriting Process Enrollments Payment APIs and Integration 88

FICO

MARCH 6, 2020

Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. Our KYC solution supports real-time customer risk classification including UBO and PEP identification. Absolutely.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Finovate

FEBRUARY 12, 2025

The platform provides faster client onboarding, including streamlined onboarding for low-to-medium risk clients; improved operational efficiencies with fewer touchpoints; policy-driven accurate risk assessments aligned with regulatory requirements; and a reduced total cost of ownership thanks to advanced API integrations.

AI 52

AI Financial Crimes Due Diligence Crime 52