Fintech News

APRIL 28, 2024

The banking industry is shifting towards innovation, collaboration and customer-centricity, driven by the adoption of technologies including cloud computing, data analytics, artificial intelligence and machine learning (AI/ML), changing customer preferences, and a rapidly evolving regulatory landscape, a new report by Amazon Web Services (AWS) says.

AI 113

AI Innovation Financial Crimes Crime 113

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain. compliance.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

Finextra

JUNE 2, 2025

Location Joburg Followers 5 Opinions 22 Follow Unfollow Open Banking has moved from regulatory idea to industry reality, driving transformation by enabling secure, permissioned data sharing between financial institutions and third-party fintechs. Crucially, Open Banking was just the opening act. Open Finance says: why not?

Finance 52

Finance Payment APIs and Integration API Regulations 52

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. Sally Felton Director, Fraud Risk Management, BDO The new FTPF offence is another example of the shift towards increased corporate criminal liability.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

FICO

MARCH 6, 2020

In this excerpt from that article, Jürgen elaborates on the importance of compliance. . A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . What do you do? Why is it so hard? In the U.S.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FICO

FEBRUARY 14, 2017

Nepal is looking to grow its economy and the government recently called for enhanced risk management compliance capabilities to help combat cases of financial crime in the country. In Nepal, we can ill afford for these activities to drain our economy or to destroy business and banking confidence. “In

Financial Crimes 61

Financial Crimes Crime Compliance Correspondent Bank 61

Fintech Review

DECEMBER 3, 2024

For example, PSD2 in Europe opened payment services to non-bank providers, encouraging fintech innovation. Open banking initiatives enable third-party access to bank data, creating opportunities for personalised payment solutions. Regulatory compliance adds further complexity, demanding robust systems and staff training.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Fintech Finance

JANUARY 30, 2024

AccessPay , the leading provider of bank integration, today announced the addition of Confirmation of Payee (CoP) and Sanctions Screening capabilities to its Fraud & Error Prevention Suite 1 , launched in 2023.

Payee 52

Payee Money Laundering Non-Bank Checks 52

Fintech News

OCTOBER 28, 2024

This year’s awards categories were updated to emphasize measurable impact, with a focus on contributions to areas like financial inclusion and regulatory compliance. It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions.

AI 108

AI FinTech Innovation Payment APIs and Integration 108

FICO

FEBRUARY 11, 2019

APC Intelidat, the credit bureau in Panama, will soon provide regulatory compliance capabilities to its customers and fight financial crime in Panama with a FICO solution. This is the beginning of our relationship with FICO, which is known worldwide for its risk management and financial crime compliance solutions.

Financial Crimes 40

Financial Crimes Crime Due Diligence Money Laundering 40

Nanonets

APRIL 29, 2024

This software enables finance professionals to compare and match transactions and balances recorded in the general ledger with external sources such as bank statements, vendor invoices, and other financial documents. Risk Management : Accurate and timely reconciliation is critical for effective risk management.

Reconciliation 52

Reconciliation Payment APIs and Integration Audit Regulatory Compliance 52

Nanonets

APRIL 11, 2023

A report by McKinsey states that by embracing digital lending processes, leading banks have brought down the “time to yes” from weeks to minutes, and “time to cash” from even longer to less than 24 hours. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

Origination 52

Origination Automation Risk Assessment Underwriting 52

FICO

JANUARY 4, 2018

2017 Banking Regulatory Predictions—Brace for a Sea Change. About the latter, he wrote, “The Federal Communications Commission has not provided much relief for those seeking legal clarity when using modern technology to communicate important non-telemarketing messages to customers’ mobile phones (e.g., Read the full post.

Risk 58

Risk Posting Credit Risk Regulatory Compliance 58

The Payments Association

MAY 16, 2025

Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance. For merchants, this represents a fundamental compliance obligation with both legal and commercial dimensions.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Payments Association

OCTOBER 11, 2024

The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls. The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FICO

JUNE 30, 2016

However, CECL differs from IFRS 9 in that it requires provisions based on lifetime loss for all impacted assets, not just those that are under-performing or non-performing. Another lesson learned from the financial crisis was that bank’s IT and data architecture were inadequate to support the management of broad financial risks.

Compliance 45

Compliance Risk Risk Management Regulatory Compliance 45

The Fintech Times

SEPTEMBER 4, 2024

.” Changing state to state For firms in the US, a fragmented regulatory landscape across states can also leave roadblocks for compliance teams to overcome explains Gale Simons-Poole , chief risk officer at BHG Financial. ” The post What are the Biggest Challenges Facing Compliance Teams?

Compliance 65

Compliance Rules Regulations Laws 65

PYMNTS

OCTOBER 10, 2018

When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

Segpay

JANUARY 30, 2025

Payment processors, PSPs, acquiring banks and payment gateways operate under strict regulations. As financial institutions, these companies must implement risk management procedures and regulatory compliance to prevent reputational and financial damage.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

M2P Fintech

FEBRUARY 25, 2025

Institutions that rely on outdated systems risk falling behind. By leveraging Loan Management Software , lenders can streamline operations, deliver personalized services, ensure regulatory compliance, and scale effortlessly to meet the demands of a diverse and growing customer base.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation BNPL 52

Nanonets

APRIL 5, 2023

In the world of lending, risk management is crucial to success. But with a growing number of loan applications and an increasing number of delinquencies, how can lenders effectively manage risk without sacrificing efficiency? The answer lies in automating steps in the lending process.

Automation 52

Automation Process Risk Assessment Assessments 52

FICO

DECEMBER 9, 2019

When a downturn hits, typical action / non-action happens. Owing to Brexit, four banks were expected to significantly increase their business activities in the EU and were therefore placed under the ECB’s direct supervision. We may see more special purpose vehicles — “bad banks” — being set up if they can’t sell the debt.

Risk 52

Risk AI Non-Bank Push-to-Card 52

Fintech Labs Insights

MARCH 20, 2017

Jo Hill, director of market intelligence, data and analysis/strategy and competition (whew…) at the Financial Conduct Authority (FCA), noted the potential for regtech to make day-to-day banking operations more efficient and effective, ultimately resulting in better experiences for consumers and enabling access to financial services more broadly.

Regulatory Compliance 18

Regulatory Compliance Financial Inclusion Financial Literacy Non-Bank 18

M2P Fintech

FEBRUARY 28, 2025

RBI-compliant Cash vs. Bank Disbursement Splits : Maintains regulatory adherence and secures transactions in a compliant manner. Efficient Packet Management : Enhances overall workflow and organization. Efficient Packet Management : Enhances overall workflow and organization. Improved risk management and compliance.

Payment APIs and Integration 52

Payment APIs and Integration Assessments Compliance Best Practices 52

Nanonets

MARCH 12, 2024

Regulatory Compliance and Accuracy Adherence to financial regulations is non-negotiable, and the R2R process ensures organizations stay compliant while maintaining the accuracy of their financial reports. Reconciliation: Reconciliation involves manually checking the records against bank statements and receipts.

Process 52

Process Finance Reconciliation Compliance 52

Nanonets

MARCH 13, 2024

OCR for invoices assists in managing these efficiently, ensuring compliance with regulatory requirements and timely payments to vendors. Finance and Banking : Financial institutions handle invoices for expenses such as IT services, consultancy fees, office supplies, and facility management.

Payment APIs and Integration 52

Payment APIs and Integration Automation Use Case API 52

Segpay

MARCH 20, 2024

This in-depth article aims to provide readers with a deeper insight into the dangers and great opportunities AI offers to two different billion-dollar industries: Banking and the Adult Entertainment business. This chapter will explore the dual nature of generative AI in the banking sector, highlighting its potential benefits and challenges.

AI 111

AI Privacy Non-Bank Fraud Detection 111

PYMNTS

SEPTEMBER 27, 2019

The card networks and nationally licensed banks working across state lines would violate the RICO anti-money laundering laws if they attempted to move the payment. It is also the only tool that they can use for paying their staff, contractors, bills and taxes because they can’t get banking service. The Proponent’s Pitch .

Legal 60

Legal Laws Compliance Non-Bank 60

The Fintech Times

MARCH 22, 2025

In its DORA Readiness Report , Skillcast reveals that the fintech sector needs stronger compliance strategies and resilience against cyber threats, after analysing over 270 leading UK companies in nine financially regulated sub-sectors. per cent overdue complaints with the FCA, with only 2.83

Risk Management 95

Risk Management Risk FinTech Cybersecurity 95

Fintech Review

NOVEMBER 12, 2024

Fintech companies and traditional banks are increasingly working together. Historically seen as competitors, fintechs and banks now find common ground to enhance services and reach broader audiences. Why Are Banks and Fintechs Collaborating? Banks and fintechs have different strengths.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

Finovate

FEBRUARY 4, 2025

Features CoreGuardian ensures compliance with DORA and other frameworks CoPilot engages employees 1-on-1 via Slack and Teams for security awareness VendorGuard streamlines vendor risk management Who’s it for? Intrepid Fox Intrepid Fox makes onboarding for banks and fintechs 10x faster.

Regulatory Compliance 52

Regulatory Compliance Credit Union AI Compliance 52

Finovate

APRIL 21, 2025

From embedded finance to AI-powered risk management, the innovation that will be on display during the event, which takes place May 7 through 9 in San Diego, is a signal of the rapidly evolving needs of both financial institutions and their customers.

Embedded Finance 66

Embedded Finance Disputes AI Fraud Detection 66

Fintech News

JANUARY 5, 2025

The two-day premier event is set to bing together key players, innovators and thought leaders from the banking, financial services and insurance (BFSI) sector to discuss the future of digital transformation in India. Leading Indian banks that have supported the event include the Central Bank of India, ICICI Bank, HDFC Bank, and Yes Bank.

APACS 127

APACS FinTech Participant AI 127

The Payments Association

JANUARY 27, 2025

Several categories of UK financial services firms, including banks, insurers, electronic money institutions, and payment institutions, are required to comply with new requirements on operational resilience beginning 31 March 2025. Instead, this should be a way of working that is embedded into the firms culture.

Rules 88

Rules Assessments Procedures Compliance 88

M2P Fintech

APRIL 29, 2025

These institutions offer more than just microloans; they also provide savings accounts, insurance products, and other financial services designed for low-income individuals and micro-entrepreneurs who otherwise lack access to basic banking. This end-to-end management helps improve collection efficiency and portfolio health.

Technology 52

Technology Assessments Risk Assessment Compliance 52

EBizCharge

MARCH 21, 2025

Accounting practices include preparing financial statements, reconciling bank statements, and managing accounts receivable (AR) and payable (AP). They also play a crucial role in risk management, maintaining financial health, and guiding strategic decision-making.

AI 52

AI Accounts Fraud Detection Audit 52