Fintech News

NOVEMBER 17, 2024

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

Risk 114

Risk Best Practices APACS Authorization 114

Fintech Finance

DECEMBER 11, 2024

With a proven track record in transforming financial data collection across different sectors, Armalytix has developed a sophisticated platform that streamlines Source of Funds (SoF) verification, addressing long-standing challenges in legal financial processing. The partnership goes beyond simply gathering basic financial information.

Laws 98

Laws Transactions FinTech Legal 98

EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. For companies using Sage 100, understanding how to process credit cards securely is not just an option it’s a necessity.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Fintech News

JUNE 17, 2025

The addition of tokenised funds supports growing real-world adoption as institutions move beyond experimentation to streamline post-trade FX processes. Institutions now have access to tokenised USD, EUR, and SGD from participating banks and can settle transactions on demand, around the clock.

Settlement 85

Settlement Risk Mitigation Participant On-Demand 85

Fintech Finance

NOVEMBER 21, 2024

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, have announced that Zimswitch , Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities.

Fraud Prevention 97

Fraud Prevention Ubiquitous Payments Mitigation 97

EBizCharge

MAY 1, 2025

Every swipe or tap of a credit card comes with processing fees that can hinder a businesss profitability if not properly managed. Understanding credit card processing fees Its essential for businesses to know how to navigate credit card processing fees to maintain healthy cash flows and revenue streams.

Credit Cards 52

Credit Cards Process Processors B2G 52

Fintech Finance

DECEMBER 16, 2024

Two , a European leader in B2B payments technology today announces a strategic collaboration with ABN AMRO , a leading financial institution in the Netherlands. Uncompromised Security and Trust: Integrating ABN AMROs financial infrastructure with Twos secure technology ensures reliable, risk-mitigated transactions.

B2B 98

B2B FinTech Risk Mitigation Payments 98

The Payments Association

DECEMBER 2, 2024

These changes are not just reshaping the way payments are processed however, also redefining the responsibilities of firms operating in this space. Data published this year indicated that 75% of payment industry professionals identified instant payments as an essential technology for winning payment solutions.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Payments Association

DECEMBER 9, 2024

AI technologies are being integrated into core financial operations, particularly in the realm of payment services, where they promise to enhance security, stream stream transactions, and improve customer experiences. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded.

Privacy 88

Privacy Payment Security AI Security 88

FloQast

JANUARY 22, 2025

This milestone showcases our commitment to transparency, accountability, and trust in every AI solution we deliver, and positions us as a leader in responsible AI governance within the accounting technology sector. The process involved meticulous evaluation and alignment of our systems and policies against ISO 42001s rigorous standards.

ISOs 105

ISOs AI Accounts Audit 105

The Payments Association

FEBRUARY 14, 2025

Firms need to act now in examining their existing processes and controls and strengthening these where needed to prepare with sufficient time for the changes. Key actions for firms Implement robust internal processes : Firms must establish (or bolster) comprehensive internal processes to comply with the new safeguarding requirements.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Fintech News

MAY 28, 2025

The programme streamlines the process of identifying, reporting, and mitigating these threats, allowing Google to investigate and remove abusive accounts more efficiently. The pilot phase was launched with a select group of FS-ISAC member institutions. ” said Amanda Storey, Senior Director, Trust & Safety, Google.

FS-ISAC 71

FS-ISAC Fraud Prevention Cross-Border Mitigation 71

The Payments Association

FEBRUARY 10, 2025

AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance. Including structured data would help PSPs monitor and mitigate financial crime risks. To navigate diverse vIBAN regulations, PSPs should establish a global compliance framework adaptable to local laws.

IBAN 88

IBAN AML Master Account Due Diligence 88

VISTA InfoSec

OCTOBER 21, 2024

Technology is always brimming with advancements, and it is more prominent in the financial sector. So, what exactly is DORA, how does it help mitigate risks and maintain resilience within the financial sector, and how can businesses effectively prepare for its requirements? What you need to know about DORA?

Compliance 182

Compliance Third-Party Service Provider Risk Assessment Audit 182

Fintech Finance

NOVEMBER 26, 2024

Arab Financial Services (AFS) , the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, announced a strategic partnership with PayTic , a Software-as-a-Service company specializing in end-to-end automation of process-heavy card program operations.

Reconciliation 98

Reconciliation Automation Mitigation Digital Payments 98

The Payments Association

JUNE 24, 2025

Going forward, the EBA recommends that the Commission, the European Council, and the European Parliament use the PSD3/PSR legislative process to apply appropriate payment services requirements to CASPs without requiring dual authorisation. However, the requirements the EBA has applied are materially onerous.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Mitigation Authorization Compliance 88

The Payments Association

JUNE 5, 2025

These companies bring expertise, technology, global reach, and tailored solutions that go far beyond simply providing cards. Traditional expense management often involves manual processes, such as submitting receipts, completing expense reports, and seeking approvals, which can be time-consuming and lack real-time insights.

Fraud Detection 88

Fraud Detection Disputes Transactions Mitigation 88

The Payments Association

MARCH 5, 2025

Unlike legacy systems that rely on outdated rule sets, Lynxs technology: Supports over 100 languages, addressing phonetic, cultural, and alphabetic variations. Utilises proprietary natural language processing (NLP) models and machine learning to enhance name similarity scoring.

Financial Crimes 88

Financial Crimes AML Crime Risk 88

The Fintech Times

JULY 4, 2025

“We now process over a third of our transactions on-chain. In addition to faster, cheaper and more secure cross-border payments, tokenisation programmes are translating technology into more competitive FX rates and faster FX settlement for customers.

Interoperability 87

Interoperability Cross-Border Cross-Border Payments Settlement 87

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

The Payments Association

JANUARY 3, 2025

Improving regulations, using technology for detection, and fostering industry-wide cooperation. Fraudsters, armed with advanced technologies and professional networks, are exploiting gaps in systems and consumer behaviour. We are investing in new technologies to prevent fraud taking place on our network, he said.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

The Fintech Times

DECEMBER 18, 2024

Fratini Passi, with 30 years of expertise in financial technology, strategically steers CBI’s developments. Another service developed by CBI is ‘Name Check’, a Verification of Payee service that has been designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

Nanonets

DECEMBER 13, 2023

Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries. Let's explore what are the top 6 benefits of AI insurance claims processing. #1: What can be this data?

AI 102

AI Process Fraud Detection Compliance 102

Clearly Payments

JANUARY 8, 2024

In the rapidly advancing world of payments and eCommerce, merchants find themselves navigating a landscape of risk in payment processing. While these technologies bring unparalleled convenience and global reach, they also introduce a plethora of risks that can impact the financial stability and reputation of businesses.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Fintech News

MAY 21, 2025

This, Temenos says, can lead to faster processing of legitimate payments, reduced manual reviews, and improved customer experience. Compliance remains a major cost burden for banks, with more than 40% of expenses tied to personnel due to manual screening processes.

Financial Crimes 66

Financial Crimes Crime Compliance AI 66

The Fintech Times

SEPTEMBER 5, 2024

However, one less obvious takeaway is in regards to the inherent design challenge that these processes have which leads to an over-reliance on a handful of core providers. So what do we mean by ‘process rigidity’?

Financial Crimes 82

Financial Crimes Mitigation Cybersecurity Crime 82

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. of PCI DSS.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech News

JANUARY 22, 2025

Leveraging AI technology, Antom helps businesses ensure transaction security, streamlines foreign exchange risk management, lowers costs, and enhances operational efficiency through real-time payments and blockchain solutions. As the global digital economy grows, Antom and its subsidiary 2C2P, remain at the forefront of payment innovation.

Payment APIs and Integration 114

Payment APIs and Integration eWallet SARS Privacy 114

The Fintech Times

DECEMBER 9, 2024

“Implementing comprehensive risk management strategies and diversifying technological dependencies are essential steps to mitigate the impact of unforeseen incidents, thereby maintaining the stability and reliability of payment systems. ” Unattended retail and smart building technologies are gaining traction.

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102

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

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

Stax

MARCH 13, 2025

TL;DR Interchange fees make up the bulk of the processing fees merchants pay to accept cards. Keep card networks up and running Large, global infrastructures are required to process massive volumes of transactions safely and efficiently. Because of this, it makes better business sense to understand how they are calculated.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

The Payments Association

MAY 16, 2025

Payment orchestration plays a pivotal role in this environment by simplifying the integration and management of various payment providers, methods, and technologies. Payment orchestration platforms enable instant payment processing and settlement by integrating with domestic and international real-time payment rails.

Transactions 88

Transactions PCI DSS Payments Multi-Currency 88

Nanonets

AUGUST 23, 2023

AI-based document processing is transforming the way businesses handle paperwork. AI's advancements in areas such as self-driving vehicles and protein structure predictions show that it is sophisticated enough to handle intricate tasks like document processing in the business world. What is AI-based document processing?

Process 97

Process AI Payment APIs and Integration Compliance 97

The Payments Association

MAY 28, 2025

The platform uniquely integrates advanced data analytics with regulatory insights, enabling companies to achieve seamless compliance and mitigate risk. It positions OpusDatum at the forefront of regulatory technology (RegTech) innovation, significantly aiding compliance officers and risk management teams.

Compliance 88

Compliance Wire Transfer Wire Wires 88

The Fintech Times

FEBRUARY 28, 2025

Identifying fraud tactics using AI Nick Campbell, chief product officer of payments at Clearent by Xplor Technologies AI is a double-edged blade. Breaking down data silos Jason Pedone, chief technology officer at Aspida AI only works if it is constantly being fed new data and information to work off of.

AI 97

AI Best Practices Regulations Risk 97

VISTA InfoSec

OCTOBER 21, 2024

Responsibilities of a Data Protection Officer (DPO) In today’s world, processing and storing sensitive privacy data is not an easy task for organizations, especially due to the advent of technology making everything online. Working closely with the supervisory authority on processing-related matters.

CCPA 208

CCPA Privacy Assessments Laws 208