PYMNTS

JUNE 12, 2020

As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader.

Global Payments 57

Global Payments B2B Third-Party Service Provider Mitigation 57

PYMNTS

OCTOBER 7, 2016

” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process. . ”

Origination 78

Origination Underwriting Third-Party Service Provider Risk Mitigation 78

VISTA InfoSec

OCTOBER 20, 2023

Service Continuity : Ensures essential healthcare services remain operational. Financial Stability : Mitigates the financial impact of disasters, including costs from data breaches or loss of revenue. Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans.

Disaster Recovery 130

Disaster Recovery Procedures Regulatory Compliance Duplicate 130

PYMNTS

DECEMBER 17, 2019

Yet both of these strategies require a third-party service provider to facilitate payment processing, whether funds are coming in via check or ACH. Again, third-party service providers play an important role in alleviating ACH friction for companies. However, they persist. ACH’s B2B Future.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

Stax

AUGUST 22, 2024

Think of them as service providers that rent their master merchant accounts to their clients. To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts. Review your risk mitigation and risk acceptance policies regularly and update them.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

PYMNTS

OCTOBER 3, 2019

Among the most recent shifts in this debate stems from Google , which announced in July it would be reviewing its privacy policies following revelations that personal information and private conversations recorded by its virtual assistant tool, the Google Assistant , were leaked to third-party contractors. in particular.

Privacy 55

Privacy Finance Third-Party Service Provider B2C 55

PYMNTS

JUNE 26, 2019

Mitigating Risk For Third Parties. Supply chain verification is instrumental in mitigating the risk of noncompliance for marijuana firms regulated at the state level. ” Today, the financial industry continues to explore ways to provide legal services to marijuana businesses.

Legal 44

Legal Mitigation Verification Risk Mitigation 44

EBizCharge

JULY 19, 2024

It also restricts physical access to cardholder data, mitigating the risk of any unauthorized access. Yes, outsourcing payment processing to a PCI-compliant third-party service provider can help reduce your PCI scope and responsibilities. Can outsourcing help with PCI compliance?

PCI DSS 52

PCI DSS Credit Cards Compliance Third-Party Service Provider 52

PYMNTS

JULY 26, 2017

The conversation continues over the rise of FinTech and alternative financial service providers as threatening the position of traditional banks. Many banks have increasingly leveraged and become dependent on third-party service providers to support key operations within their banks,” the report stated.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

JULY 22, 2019

Clark emphasized the importance of third-party service providers delivering a clearer message to accounts payable departments. A business may be warned about the risk of fraud connected to paying with checks and believe “It won’t happen to me,” when in many cases, it already has — or it soon will be.

B2B 57

B2B Reconciliation Checks Lockbox 57

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Digital Securities that do not qualify under the narrower subset of Tokenised Securities are securities with no links to extrinsic rights or underlying assets and that have no controls to mitigate the risks that ownership rights may not be accurately recorded. through transfer restrictions or whitelisting).

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

EBizCharge

JULY 16, 2024

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. This includes developing policies and tools to adequately identify, assess, and mitigate potential fraud.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

OCTOBER 24, 2019

Further, the financial risks of this challenge expand into areas like payments fraud and cyberattacks, with Lutz pointing to the growing sophistication of such crimes, and the increasing complexity of identifying them and mitigating these risks.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

MARCH 29, 2018

Chanda explained Paymerang’s role is to handle that extra work for clients, including risk mitigation and data digitization. Variety is important, Chanda said, as is making sure a service provider is able to meet the needs of both sides of the transaction.

Checks 43

Checks B2B ACH Payments 43

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. The issue at hand, however, is that Facebook stats are hardly reliable to traditional lenders mitigating the risk of small business borrowers.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

Global Fintech & Digital Assets

DECEMBER 11, 2023

Penalties for noncompliance may vary, and an extensive list of considerations and mitigating factors are provided. Exemptions The Amendments relax the thresholds for small-company exemptions from the requirements of 23 NYCRR part 500.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

MAY 7, 2024

Outsourced Reconciliation Some businesses choose to outsource their expense reconciliation tasks to third-party service providers. Outsourced reconciliation services typically involve sending expense data to a specialised firm or accounting service, which handles the reconciliation process on behalf of the business.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

CB Insights

FEBRUARY 21, 2019

This manual verification process also increases the likelihood of errors and can involve multiple third-party service providers. These title management issues could potentially be mitigated by using blockchain technology to build immutable digital records of land titles.

Blockchain 78

Blockchain Due Diligence Legal Transactions 78

Fintech News

APRIL 21, 2025

The Cyber Security Agency of Singapore (CSA) also urged organisations to ensure their vendors have strong cybersecurity defences, including measures to mitigate the impact of any breach and support recovery efforts.

Cybersecurity 100

Cybersecurity Third Party Vendors Third-Party Service Provider Ransomware 100