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LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. This helps businesses confirm supplier and customer payments and detect potential fraud risks.

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WSECU Invests in AKUVO to Modernize Collections and Credit Risk Management

Finovate

The investment will help AKUVO expand its cloud-native collections and credit risk solutions, enhancing efficiency and customer experience for banks, credit unions, and fintechs. Digital collections and credit risk platform AKUVO landed a new round of funding today. .

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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

, AI helps companies manage risks better, it's like a big shift. It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. This helps lenders proactively tackle credit risks.

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De-risking dilemmas: The unintended consequences threatening UK-Iran personal remittances

The Payments Association

De-risking endangers financial inclusion, driving MSBs out and boosting unregulated markets, calling for urgent reform. As professionals deeply embedded in the payments industry, we are acutely aware of the delicate balance between risk management and financial inclusion.

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Risk Management for Merchants in Payment Processing

Clearly Payments

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.

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Lynx launches AI-powered AML screening solution to combat evolving financial crime risks

The Payments Association

Lynx Tech introduces its next-generation anti money laundering (AML) screening solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed. Lynx helps organisations leverage technology to mitigate risk while still delivering exceptional value to their customers.

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Understanding Risk Management Strategies as a PayFac

Stax

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.