Global Fintech & Digital Assets

DECEMBER 21, 2023

Third-Party Risk Banks furnishing BNPL loans may not have direct control over the activities of third-party vendors or merchants. On the other hand, banks must implement practices that ensure fair and inclusive treatment of consumers, and compliance with applicable laws and regulations.

OCC

PYMNTS

OCTOBER 30, 2020

Strategic sourcing will also be key for organizations looking to outsource more work to contractors and third-party vendors, while risk mitigation, said Allis, will increasingly involve analysis of organizations' environmental and safety policies and procedures.

Risk

Finovate

OCTOBER 16, 2024

Additionally, banks should create robust communication procedures with other banks in the FedNow network in order to resolve reversals and other issues quickly. Also, firms can implement advanced consumer authentication methods and mandate ongoing fraud prevention training for staff to further mitigate risks.

FedNow

Core

MARCH 19, 2024

3 Prevalent Types of Government Payment Fraud Government fraud detection and prevention begins with understanding the primary ways in which payment fraud occurs: vendor payments, payroll, and procurement. Strengthening Internal Controls and Segregation of Duties Internal fraud prevention relies on strong internal controls.

Fraud Detection

Nanonets

MARCH 22, 2023

Growing businesses have to maintain relationships with many suppliers and vendors, and this usually ends up making the Accounts Payable process complicated. Vendors with different invoicing standards/procedures tend to make accounts payable processes quite cumbersome. Hence they might want to consider AP Automation instead.

Accounts

Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While Large businesses often have a centralized procurement department with its own employees and procedures. This may result in budgeting issues and deviation from compliance standards.

Process

CB Insights

JULY 23, 2020

As a building’s first point of contact — and first line of defense — entrances and lobbies are poised for a revamp in policies and procedures when it comes to fighting the spread of Covid-19. By doing so, Tessian is able to mitigate the likelihood of sensitive or confidential data being sent to the wrong individual.

Posting