Remove Mitigation Remove Multi-Currency Remove Risk Mitigation
article thumbnail

Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

Arguably, though, what really matters is the robustness of controls put in place to mitigate those risks. This is a great opportunity to revisit your Business Wide Risk Assessment and make sure it’s up to scratch.” Without this nuance, there is a risk of unintended consequences for compliance leaders and innovators alike.

article thumbnail

Top 100 Fintech Tools and Platforms for Businesses

Fintech Review

Best for : Platforms requiring multi-product financial offerings. Zoho Subscriptions A flexible subscription billing solution with integrated invoicing, dunning management, and multi-currency support. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI

Fintech Finance

The burning and minting of EURI is enabled by the Fireblocks Tokenization Engine and secured by its Multi-Party Computation (MPC-CMP) technology. EURI will be available on the Ethereum and BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

article thumbnail

Minimising FX risk in International payments: Strategies for 2025

The Payments Association

In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. This article explores FX risks in international payments and outlines strategies to minimise them, ensuring efficient and cost-effective operations.

article thumbnail

Banking Circle Makes Stablecoins More Accessible With Launch of EURI

The Fintech Times

The burning and minting of EURI is enabled by the Fireblocks tokenisation engine and secured by its multi-party computation (MPC-CMP) technology. EURI will be available on the Ethereum as well as the BNB Smart Chain blockchains and subject to transaction monitoring and risk assessments for fraud identification and general risk mitigation.

article thumbnail

TD Bank Group Announces Resolution of AML Investigations

Fintech Finance

Bank is subject to more stringent approval processes for new bank products, services, markets, and stores to ensure the AML risk of new initiatives is appropriately considered and mitigated. ” A significant, multi-year effort is required to implement a strong, effective, and sustainable AML program. balance sheet.

AML
article thumbnail

Prepaid Takes Its Place In FX Management: Volopa

PYMNTS

. “However, I would say many businesses do not fully understand, or have awareness of, the different risk management tools.” ” SMBs particularly appear challenged by FX risk mitigation, he noted. On the whole, small firms are less likely to use currency management tools. Enter: the prepaid card.