VISTA InfoSec

DECEMBER 2, 2024

A proactive approach to risk management allows businesses to identify, assess, and mitigate these threats before they can bring operations to a standstill. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.

Disaster Recovery 130

Disaster Recovery Risk Assessment Assessments Risk 130

Fintech News

MARCH 31, 2024

This amendment established a legal and regulatory framework facilitating FIs to share critical customer data, but only under strict conditions. This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

The Fintech Times

MARCH 12, 2024

As the world grapples with the increasingly urgent need to address climate change, industries across the board are being called upon to play their part in mitigating its effects. Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks.

Mitigation 72

Mitigation Risk Underwriting Risk Assessment 72

Fintech News

JUNE 23, 2024

Singapore has released its updated Money Laundering (ML) National Risk Assessment (NRA) , highlighting increased risks in the digital payment token (DPT) services sector. Consequently, Singapore is closely monitoring the sector.

Money Laundering 109

Money Laundering Risk Law Enforcement Crime 109

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

VISTA InfoSec

SEPTEMBER 5, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Lets get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack. Establishing reliable backup protocols can mitigate the impact of ransomware and ensure business continuity in times of crisis. Let’s get started.

Security 130

Security Phishing Ransomware Risk Assessment 130

The Payments Association

JANUARY 29, 2025

Inadequate risk management and due diligence : Institutions faced challenges in ensuring effective customer risk profiling and due diligence, particularly for high-risk clients and correspondent banking relationships. October 2024: TD Bank$3 BillionAML TD Bank was fined $3 billion, including a $1.3

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

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 Risk Management Third-Party Service Provider 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 Risk Management Third-Party Service Provider 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 Risk Management Third-Party Service Provider 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 Risk Management Third-Party Service Provider Audit 130

Stax

JANUARY 8, 2024

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. However, several complex types of risks come along with this. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Finance Weekly

SEPTEMBER 23, 2021

It will ensure that regulatory standards are met while also reducing the risk of data breaches. Third-Party Risk Assessments: Conducting third-party risk assessments can assist in discovering vendor security flaws. You can identify potential hazards and take the necessary steps to mitigate them.

Risk Assessment 130

Risk Assessment Cross-Border AI Automation 130

Stax

AUGUST 22, 2024

Two of the most popular payment solution providers for businesses looking to accept digital payments are payment processors and payment facilitators (PayFacs). In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

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.

AI 102

AI Process Fraud Detection Compliance 102

The Fintech Times

APRIL 3, 2024

COSMIC, which stands for ‘Collaborative Sharing of Money Laundering /TF Information and Cases’ serves as a centralised platform facilitating the sharing of customer information among financial institutions. It also aims to identify and mitigate potential risks associated with criminal activities.

Financial Crimes 59

Financial Crimes Crime Money Laundering Law Enforcement 59

Stax

DECEMBER 4, 2023

In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). 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.

Money Laundering 88

Money Laundering Compliance AML BSA 88

Seon

MARCH 20, 2024

Digital footprint monitoring plays a crucial role in identifying and mitigating such schemes, enabling a proactive approach to fraud prevention. Beyond detecting fraud in onboarding circumstances, digital footprinting offers profound insights into risk assessment by facilitating a deeper data-driven understanding of a user’s digital behavior.

Fraud Prevention 98

Fraud Prevention Assessments Phishing Mitigation 98

Segpay

JANUARY 30, 2025

The Intersection of AI and Financial Services Payment facilitators are key to accept and manage financial transactions. High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective. Payment facilitators see this as a liability.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

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. “This necessitates a complementary risk identification and mitigation effort involving AML and fraud.

Risk 59

Risk Financial Crimes AML Risk Management 59

VISTA InfoSec

AUGUST 22, 2023

Re-identification and Profiling: Combining biometric data with other personal information facilitates re-identification and profiling. Data Masking Techniques: Whenever possible, consider using techniques such as anonymization or pseudonymization to reduce the impact on privacy and minimize the risk of identification.

Privacy 130

Privacy Legal Compliance Best Practices 130

Fintech News

MARCH 20, 2024

Resilience in the banking sector must evolve beyond the traditional focus on recovery and stability, to encompass the enablement of dynamic, intelligent systems that can anticipate change, mitigate risks proactively, and offer personalised, real-time services to customers.

Cybersecurity 117

Cybersecurity On-Demand Database Automation 117

Fintech News

MAY 20, 2024

As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively. Experts anticipate that by 2028, the majority of banking, investment, and insurance processes will be assisted or driven by AI technologies.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

M2P Fintech

DECEMBER 17, 2024

An MMS not only facilitates transactions but also streamlines operations, making it indispensable for businesses looking to optimize processes and improve customer experiences. They facilitate the efficient transfer of funds to merchants, ensuring payments are processed accurately and in a timely manner.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Risk Assessment 52

EBizCharge

NOVEMBER 12, 2024

Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile. Underwriters analyze factors such as transaction volumes and potential risks to determine the likelihood of financial instability or fraud.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

PYMNTS

SEPTEMBER 29, 2017

Managing Risk. One of the most crucial areas for banks’ treasuries is risk mitigation , which, according to Beaulande, has become more complex as it relates to other areas of treasury management. One technology Beaulande cited as especially helpful to banks’ treasury departments is the API.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

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

Nanonets

AUGUST 1, 2023

With its capacity to deliver valuable insights and effectively mitigate risks, audit automation emerges as a powerful ally in enhancing efficiency and driving success. Risk Assessment: Audit automation helps auditors assess risks more effectively by identifying potential red flags and areas of concern within the data.

Audit 40

Audit Automation Risk Assessment Payment APIs and Integration 40

Nanonets

AUGUST 1, 2023

As organizations face increasing pressure to adapt to evolving regulations, audit automation emerges as an indispensable tool for enhancing efficiency, gaining valuable insights, and effectively mitigating risks. What are the benefits of audit automation? An audit is a continuous and iterative procedure.

Audit 40

Audit Automation Risk Assessment Assessments 40

The Fintech Times

FEBRUARY 20, 2024

Jumio , a provider of automated, end-to-end identity verification, risk assessment and compliance solutions, names Igor Beckerman as chief financial officer. The investment will fuel Juniper’s growth by facilitating product development as well as team expansion, supporting its pilot phase with customers before its official launch.

FinTech 64

FinTech B2B Non-Bank Compliance 64

M2P Fintech

FEBRUARY 28, 2025

This blog dives into 10 major types of Loan Management Systems (LMS), exploring how these powerful solutions can automate your processes, mitigate risk, and drive growth. Support for Top-ups, Renewals, and Balance Transfers facilitates additional funding, loan extensions, and the transfer of loans between lenders for better terms.

Payment APIs and Integration 52

Payment APIs and Integration Assessments Best Practices Compliance 52

Nanonets

APRIL 24, 2023

This facilitates verification of customer profiles, streamlining the onboarding process, approving loans and mortgages, assessing borrower risk, etc. Bank extraction software can be used to extract this information and use it for loan approvals and risk assessments.

Assessments 52

Assessments Automation Fraud Detection Risk Assessment 52

FloQast

APRIL 8, 2024

Conduct regular risk assessments. Regularly assess the risk of material misstatement in financial reporting and adjust controls accordingly. This involves identifying potential risk areas, evaluating their likelihood and impact, and implementing mitigation measures. Foster a culture of compliance.

Compliance 52

Compliance Audit Best Practices Risk Assessment 52

M2P Fintech

NOVEMBER 7, 2024

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Risk Mitigation: Strong security protocols help prevent unauthorized access, data leaks, and potential fraud, protecting the institutions reputation and customer trust.

Origination 52

Origination PCI DSS API Underwriting 52

Segpay

DECEMBER 7, 2023

Segpay is a global payment facilitator of online credit card processing for subscription-based content providers and e-commerce merchants. Online intermediaries are defined as any service that facilitates the provision of information or content by users or third parties on the Internet. Empowering users to customize their preferences.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

Nanonets

JULY 25, 2023

This integration of statistical analysis, forecasting, and modeling empowers organizations to predict outcomes, improve performance, and facilitate decision-making. Risk Assessment: Financial data analysis also plays a crucial role in assessing and managing risks.

Financial Analysis 52

Financial Analysis Payment APIs and Integration Assessments Automation 52