Stax

JANUARY 23, 2025

TL;DR Merchant underwriting is the process of evaluating a businesss risk level before approving it for credit card processing for any kind of payments from electronic payments to in-person payments. Key steps include application review, risk assessment, credit checks, and compliance verification.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

FICO

MARCH 17, 2021

Trade-based money laundering (TBML) is a growing risk, as seemingly legitimate transactions are exploited by criminal groups to launder funds and finance terrorist activity. In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

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. Not just that.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Nanonets

AUGUST 1, 2023

AI integration also significantly benefits risk assessment, allowing auditors to perform sophisticated analyses of a client's data, guiding them towards areas that demand closer scrutiny. Risk Assessment: AI assists auditors in assessing risks by analyzing historical data, industry trends, and financial ratios.

Audit 52

Audit Risk Assessment AI Assessments 52

EBizCharge

JULY 22, 2024

Competitive edge: Investing in innovative technologies and strategies secures a competitive edge and allows for swift adaptation to industry trends. Some of these strategies include setting clear and attainable goals, applying accurate forecasting for better budget management, and risk assessments and mitigation.

Risk Assessment 52

Risk Assessment Assessments Risk Finance 52