Encryption Regulatory Compliance Risk Assessment 
The Fintech Times
JANUARY 28, 2025
Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds. For smaller fintechs, these same rules can become roadblocks.
M2P Fintech
MARCH 24, 2025
Smart Contracts: Self-executing agreements streamline loan distribution, repayment, and compliance, cutting costs and speeding up transactions. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance. AI, ML, and blockchain enhance risk assessment and security.
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The Payments Association
MARCH 25, 2025
AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity. Traditional methods struggle against evolving financial crimes, but AI enhances efficiency, accuracy, and compliance. AI automates compliance tasks like data collection, report generation, and regulatory submissions.
Stax
AUGUST 22, 2024
PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.
VISTA InfoSec
AUGUST 22, 2023
As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. Artificial Intelligence (AI) can also be utilized to ensure compliance and responsible handling of biometric data.
Tearsheet
JULY 1, 2024
Two-factor authentication, encryption and fraud detection are minimum requirements. Security: These payment solutions come with strong security features like advanced encryption and authentication. This reduces fraud risk and addresses data privacy concerns, which, again, helps to build trust between merchants and consumers.
Nanonets
DECEMBER 13, 2023
2: Proactive Regulatory Compliance AI plays a crucial role in ensuring regulatory compliance in insurance claims processing through the following: Automated Compliance Checks: AI algorithms can be programmed to conduct automated checks against regulatory requirements.
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