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.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 113

AI Innovation Financial Crimes Crime 113

Finovate

MARCH 13, 2024

The integration will bring automated crypto transaction monitoring and secure data storage, as well as ensure regulatory compliance. This will enhance regulatory compliance and secure data storage, as well as provide automated crypto transaction monitoring for Chainalysis’ clients.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

The Fintech Times

APRIL 30, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “Through integrating financial services into their offering, businesses are ensuring a succinct customer experience, whether in retail, automotive, insurance, or banking.

Embedded Finance 109

Embedded Finance Finance Innovation AI 109

Fintech Review

DECEMBER 3, 2024

For example, PSD2 in Europe opened payment services to non-bank providers, encouraging fintech innovation. Open banking initiatives enable third-party access to bank data, creating opportunities for personalised payment solutions. Regulatory compliance adds further complexity, demanding robust systems and staff training.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

FICO

MARCH 6, 2020

In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . What do you do? What does FICO offer and how does it distinguish from other AFC solutions?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Payments Association

SEPTEMBER 30, 2024

It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

Clearly Payments

JANUARY 10, 2024

This example illustrates how embedded finance solutions can enhance the functionality of a non-financial platform, providing users with a one-stop-shop for their e-commerce and financial needs. These barriers to entry are substantial, encompassing technological, regulatory, and competitive aspects.

Processors 105

Processors ISOs Embedded Finance Payments 105

FICO

APRIL 28, 2020

Customer Onboarding & Management Banreservas , the largest bank in the Dominican Republic, has centralized and automated its credit origination processes, enabling it to assess 80 percent of its loans automatically, increase loans processed by 30 percent and offer up-sells to 47 percent of approved applicants. Regulatory Compliance.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

The Payments Association

MAY 16, 2025

For merchants, this represents a fundamental compliance obligation with both legal and commercial dimensions. Non-compliance could lead to regulatory enforcement by national authorities, as well as reputational harm and potential exclusion from EU markets. Collaborate with PSPs and acquirers to optimise 3DS2 performance.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Nanonets

APRIL 2, 2024

Importance of bank reconciliation in internal control In the world of finance and accounting, accuracy is key. Bank reconciliation is a fundamental process that ensures the alignment of internal records with external bank statements. What Is a Bank Reconciliation?

Reconciliation 52

Reconciliation Adjustments Automation Regulatory Compliance 52

Segpay

MARCH 10, 2025

Moreover, these gateways support various payment methods, including credit and debit cards, e-wallets, and bank transfers, making it convenient for gamers to choose their preferred options. Transaction Authorization: The processor communicates with the player’s bank or payment provider to verify and approve the transaction.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

The Fintech Times

APRIL 30, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “They’re also developing value-added services like fraud detection and data analytics to remain competitive.

Embedded Finance 69

Embedded Finance Finance Payment APIs and Integration Processors 69

Nanonets

JUNE 23, 2023

It involves comparing the balances of various accounts listed in the balance sheet to external documentation, such as bank statements and general ledger entries. This section outlines the steps involved in reconciling balance sheets to ensure accuracy, completeness, and compliance.

Reconciliation 52

Reconciliation Audit Financial Analysis Adjustments 52

Nanonets

SEPTEMBER 27, 2024

Similarly, Tax Forms (depending upon geographic location, for example, Income Tax Returns for India and 1099 and W2 forms for the US among others) and bank statements undergo data extraction and this data is made accessible. Compliance Risks : Insurance industry is highly regulated with multiple compliances to adhere to.

Process 52

Process Underwriting Automation Database 52

Nanonets

APRIL 5, 2023

By using automation, lenders can also improve their loan processing times and reduce human error, ensuring regulatory compliance. Traditional underwriting processes may not assess creditworthiness accurately for a borrower who derives income from non-traditional sources.

Automation 52

Automation Process Risk Assessment Assessments 52

Nanonets

MARCH 4, 2024

Fraudulent Claims Intentional Misreporting Submission of non-business-related expenses as business expenses. Regulatory Compliance Risks Inadequate Documentation Failing to meet the detailed documentation requirements set by tax authorities. Fraud Detection:  Unusual spending patterns trigger alerts.

Process 52

Process Compliance Automation Audit 52

Nanonets

AUGUST 20, 2023

It is widely used across banking, insurance, healthcare, retail, and manufacturing industries. Banking Industry RPA has become a game-changer for the banking sector. Banks use RPA tools to automate repetitive tasks, ensure accuracy in data entry, enhance security, and improve overall operational efficiency.

Bots 52

Bots Automation API Process 52

Nanonets

JANUARY 17, 2024

InnovateX introduced automated expense approval workflows and anomaly detection. This system flagged an unusual pattern of small, frequent purchases by an employee, uncovering a minor case of expense fraud that was swiftly dealt with. With ever-changing regulations, managing compliance manually is like juggling dynamite.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52

Nanonets

FEBRUARY 28, 2024

Fraud detection: It enables you to more effortlessly place fraud or any other problem with your books since it is simple to look through and comprehend. 02/04/24 Bank Loan - ABC Bank, Loan #987654 104 5000.00 Bank Reconciliation : Tools to match bank transactions with GL entries.

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

Segpay

MARCH 20, 2024

This in-depth article aims to provide readers with a deeper insight into the dangers and great opportunities AI offers to two different billion-dollar industries: Banking and the Adult Entertainment business. This chapter will explore the dual nature of generative AI in the banking sector, highlighting its potential benefits and challenges.

AI 111

AI Privacy Non-Bank Fraud Detection 111

The Fintech Times

JANUARY 12, 2024

“Technology is not a nice-to-have for Generation Z entering the workforce, rather, it’s seen as non-negotiable. In areas such as bank-to-bank financial crime discussions, or customer interactions, much remains omnichannel and unstructured. The advance of generative models will further enhance these processes.

AI 111

AI FinTech ISO 20022 Fraud Detection 111

Fintech Review

NOVEMBER 12, 2024

Fintech companies and traditional banks are increasingly working together. Historically seen as competitors, fintechs and banks now find common ground to enhance services and reach broader audiences. Why Are Banks and Fintechs Collaborating? Banks and fintechs have different strengths.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

Fintech Review

FEBRUARY 25, 2025

These include letters of credit, bank guarantees, supply chain finance, and export credit facilities. The core function of trade finance is to mitigate risks such as non-payment or non-delivery while ensuring smooth cash flow management for businesses involved in cross-border transactions.

Finance 85

Finance Technology Distributed Ledger Technology (DLT) Fraud Detection 85

Finovate

APRIL 21, 2025

Whether its fraud detection, customer engagement, or operational efficiency, companies like APIMatic , Casca , Cinareo Solutions , Cratoflow , Crosswise , Crux Analytics , Illuma , Layerup , Parcha , Quavo Fraud & Disputes , QuickFi , Quivly AI , Solda.ai , Stack AI , and Winnow are showing that AI is the engine behind scalable, modern finance.

Embedded Finance 66

Embedded Finance Disputes AI Fraud Detection 66

EBizCharge

MARCH 21, 2025

Accounting practices include preparing financial statements, reconciling bank statements, and managing accounts receivable (AR) and payable (AP). This includes data entry, invoice processing, bank reconciliations, and payroll management, which can be completed seamlessly with AI-driven software.

AI 52

AI Accounts Fraud Detection Audit 52

EBizCharge

MAY 12, 2025

Encryption protocols safeguard payment details, like credit card numbers and bank account information, adding a robust layer of security. Tokenization Tokenization is a security measure that replaces sensitive payment information with non-sensitive tokens. As a result, businesses and customers enjoy a worry-free payment experience.

Process 52

Process Security Payment Gateways Encryption 52

M2P Fintech

APRIL 29, 2025

These institutions offer more than just microloans; they also provide savings accounts, insurance products, and other financial services designed for low-income individuals and micro-entrepreneurs who otherwise lack access to basic banking. This end-to-end management helps improve collection efficiency and portfolio health.

Technology 52

Technology Assessments Risk Assessment Compliance 52

Nanonets

NOVEMBER 18, 2024

9 Ocrolus AI-powered processing with fraud detection 4.6/5 Pre-built extractors : Provides specialized tools for documents like invoices , receipts, purchase orders, bank statements, and more. Scalability for high volume processing: Handles large-scale workflows, suitable for industries like insurance, banking, and healthcare.

Automation 52

Automation Volume AI API 52