Fintech Finance

NOVEMBER 6, 2024

“We are committed to regulatory compliance and providing our clients with advanced solutions to mitigate the risks associated with online transactions. This service will ensure that payments are directed to the intended recipients promptly and with enhanced security measures.

Payee 98

Payee Payment Security Security Regulatory Compliance 98

Fintech News

NOVEMBER 17, 2024

The exercise, held on 6 November 2024, allowed participants to test their incident response plans, explore potential regulatory interventions, and develop collaborative mitigation strategies. This exercise comes at a time of heightened awareness surrounding the potential for widespread disruption from technology failures.

Risk 115

Risk Best Practices APACS Authorization 115

Payments Dive

MARCH 30, 2023

The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

Blocks 169

Blocks Mitigation Digital Payments Accounts 169

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings.

Fraud Prevention 97

Fraud Prevention Financial Crimes Value Added Service AI 97

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. It ensures you invest in organizations capable of mitigating cyber threats to give you long-term gains.

Cybersecurity 260

Cybersecurity Due Diligence Security Breach 260

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Fintech News

MARCH 11, 2025

The Visa Scam Disruption (VSD) team employs a three-pronged approach to scam mitigation: scam intelligence, proactive investigations, and detection and disruption. This effort is part of Visas broader fraud prevention strategy, which blocked US$40 billion in fraudulent transactions across its network last year.

Scams 107

Scams Blocks Law Enforcement Laws 107

Finovate

DECEMBER 18, 2024

Hexagate’s security solutions detect and mitigate real-time threats, including cyber exploits, hacks, and governance and financial risks to help chains, protocols, asset managers, and exchanges keep their funds secure. Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate this week.

Acquirers 101

Acquirers Security Blockchain Stablecoins 101

The Payments Association

DECEMBER 2, 2024

PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses. This alignment is a crucial aspect of the regulator’s guidance (FG24/6), designed to assist PSPs in navigating the Amendment Regulations. The obligation to reimburse victims imposes a direct financial responsibility on PSPs.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Fintech Finance

MARCH 19, 2025

It also explores how emerging technologies such as SoftPOS can help mitigate these obstacles, enabling broader acceptance of QR code-based faster payments across industries.

Faster Payments 129

Faster Payments Instant Payments FPC Point-of-Sale (POS) 129

The Payments Association

FEBRUARY 10, 2025

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

Fintech Finance

NOVEMBER 21, 2024

With decades of AI and machine learning expertise, ACI has unrivaled capabilities in delivering precise and actionable intelligence that can predict and mitigate emerging threats,” said Santhosh Rao, senior vice president of MEASA, ACI Worldwide. The project is expected to go live in early 2025.

Fraud Prevention 97

Fraud Prevention Ubiquitous Payments Mitigation 97

Fintech Finance

DECEMBER 16, 2024

Uncompromised Security and Trust: Integrating ABN AMROs financial infrastructure with Twos secure technology ensures reliable, risk-mitigated transactions. Streamlined, Scalable Processes: Designed to minimise administrative work, the solution can adapt to businesses of all sizes, from SMEs to large corporations.

B2B 98

B2B FinTech Risk Mitigation Payments 98

Fintech News

NOVEMBER 27, 2024

Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.” By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs).

Crime 112

Crime Financial Crimes Travel Rule Blockchain 112

Fintech Finance

DECEMBER 11, 2024

Through regular Innovation Days, Armalytix continues to develop features like Large Items Insights, which helps identify and mitigate potential financial risks more effectively. The partnership goes beyond simply gathering basic financial information.

Laws 98

Laws Transactions FinTech Legal 98

Fintech Finance

NOVEMBER 26, 2024

PayTic will support AFS’s internal operations and offer their suite of back-office automation modules to AFS’s existing clients and regional banks, streamlining the end-to-end daily operations, increasing productivity, mitigating risks, and adding greater value.

Reconciliation 98

Reconciliation Automation Mitigation Digital Payments 98

The Payments Association

FEBRUARY 14, 2025

While regulatory compliance may present challenges for firms, it also provides opportunities to mitigate risk, enhance customer trust, and maintain a competitive edge. Firms that strengthen compliance, invest in open banking, and prepare for stablecoins will mitigate risk and unlock growth.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. Mitigating the risks: Best practices for firms One of the most important steps to mitigating the risks is ensuring AI transparency and explainability.

Privacy 88

Privacy Payment Security AI Security 88

Fintech Finance

NOVEMBER 19, 2024

This mitigates the risks often associated with frontier markets. This expansion builds on strategic partnerships with leading payment providers in Pakistan, creating a unique redundancy model that ensures uninterrupted service through rerouted transactions when necessary, providing consistent and reliable consumer experiences.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Prevention 98

Bank Automation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Cybersecurity 132

Cybersecurity AI Mitigation Risk 132

Fintech Finance

DECEMBER 4, 2024

Mollie’s research found that they spend an average of 15 days—or 120 hours—each year managing and mitigating fraud-related issues. In addition to the financial toll, online fraud is impacting the productivity of small businesses. This time commitment diverts resources from core business operations, further straining already limited budgets.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

The Payments Association

MARCH 5, 2025

Lynx helps organisations leverage technology to mitigate risk while still delivering exceptional value to their customers. Lynx has been recognised as Best of Breed in name and transaction screening by Chartis, underscoring Lynxs performance and accuracy in mitigating money laundering risks.

Financial Crimes 88

Financial Crimes AML Crime Risk 88

VISTA InfoSec

MAY 24, 2024

It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize. This is an investment that can help mitigate risks and lay the foundation stone for sustainable growth and success in the digital economy.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech Finance

FEBRUARY 20, 2025

With 84% of financial institutions prioritizing multifactor authentication and 80% of non-FI respondents endorsing request for payment, these enhancements are expected to mitigate fraud risks and drive further adoption. Collaboration across the payments ecosystem will be pivotal to achieving ubiquity and resolving interoperability challenges.

Faster Payments 102

Faster Payments Multifactor Authentication FedNow RTP 102

Fintech Finance

JANUARY 9, 2025

When a good shopper is identified, AI optimizations allow them to speed through checkout whilst shoppers and retailers also benefit from precise payment fraud mitigation. For a retail merchant on the Adyen platform, there is more than a 90% chance that Adyen has seen that shopper before.

AI 98

AI Transactions Payment Solutions Payments 98

VISTA InfoSec

MARCH 25, 2025

CREST accreditation ensures that the testing is conducted by highly skilled professionals using proven methodologies, offering assurance of quality and reliability in identifying and mitigating vulnerabilities. Why should I choose a CREST-accredited provider?

Cybersecurity 130

Cybersecurity Accreditation PCI DSS Assessments 130

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

EBizCharge

DECEMBER 18, 2024

Here are four main functions and purposes of clearinghouses: Risk mitigation: The clearinghouse aims to mitigate risk by ensuring each party fulfills its obligations to reduce the chances of a party defaulting. These clearinghouses provide stability and mitigate risk in futures markets.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

Fintech News

MARCH 19, 2025

It can also order corrective measures, including unwinding mergers or implementing remedies to mitigate anti-competitive effects. The regulator has the authority to impose fines of up to 10% of a companys turnover in Singapore per year of infringement, capped at three years.

Regulations 75

Regulations Due Diligence Caps Mitigation 75

Fintech Finance

MARCH 7, 2025

Through this partnership, SK Slavia Praha will be able to apply Corpay Cross Border’s innovative solutions to help mitigate the foreign exchange exposure of their daily business needs. Furthermore, with Corpay Cross-Border’s award-winning platform, they will be able to manage their global payments from a single access point.

Cross-Border 59

Cross-Border Mitigation Agreements Global Payments 59

Fintech Finance

FEBRUARY 5, 2025

Fraud Prevention and Cybersecurity: Developing robust strategies to mitigate risks in a rapidly digitalising world. Open Banking and Embedded Finance: Learning how these trends are reshaping financial services and consumer experiences.

Embedded Finance 75

Embedded Finance Fraud Prevention Payments Cybersecurity 75

The Payments Association

MAY 16, 2025

These tokens are useless if intercepted, significantly mitigating the risk of data breaches. Payment orchestration platforms incorporate advanced tokenisation, replacing sensitive cardholder data with non-sensitive tokens.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

VISTA InfoSec

OCTOBER 7, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Fintech Finance

MARCH 5, 2025

By leveraging TreviPays platform, HSBC is focusing on helping corporate customers enable sales and engage with new business buyers through receivables finance, invoice processing and management and risk mitigation. Through this collaboration, businesses can benefit from flexible payment terms and options at the point of check-out.

Risk Mitigation 52

Risk Mitigation Mitigation B2B Gateways 52

Fintech Finance

NOVEMBER 19, 2024

Now, more than ever, it is essential for banks and financial institutions to implement proactive measures to mitigate these challenges and uphold customer trust during peak transaction periods. The combined rise in fraud and the general increase in card usage are contributing to the surge in reported cardholder issues.

Disputes 96

Disputes Consumer Protection Duplicate Transactions 96

The Payments Association

NOVEMBER 25, 2024

By undermining regulated channels, de-risking paradoxically amplifies the very threats it aims to mitigate. Policy advocacy and awareness: Industry professionals and associations should advocate for policy changes that mitigate unintended consequences of de-risking.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88