VISTA InfoSec

OCTOBER 20, 2023

Regulatory Compliance : Meets requirements like HIPAA that mandate disaster recovery plans. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats. Hot sites: Have facilities for immediate takeover post-disaster.

Disaster Recovery 130

Disaster Recovery Regulatory Compliance Procedures Duplicate 130

The Fintech Times

AUGUST 29, 2024

Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. Today, regulatory compliance is paramount for digital-first businesses to reduce losses and grow. With UIDAI recording 1.96

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

Fintech News

APRIL 16, 2024

The report notes that several institutions have already started exploring the use of gen AI in risk management, citing regulatory compliance, financial crime, credit risk, modeling and data analytics, cyber risk and climate risk as emerging use cases.

Risk Management 117

Risk Management Risk AI Use Case 117

Fintech Review

FEBRUARY 11, 2025

Traditional models rely on limited data, whereas AI assesses alternative factors like transaction history and online behaviour. This enables more accurate risk assessments and financial inclusion. This can result in discriminatory lending practices or inaccurate risk assessments.

AI 66

AI FinTech Risk Assessment Assessments 66

FICO

JANUARY 4, 2018

As artificial intelligence applications exploded last year, our blog posts on AI and machine learning drew thousands of readers. Indeed, taken together, they explored many aspects of Explainable AI and its applications, particularly in the area of credit risk. Read the full post. Read the full post. Read the full post.

Posting 55

Posting AI Credit Risk Risk 55

The Fintech Times

JULY 31, 2024

“One of the most meaningful ways we protect our customers and their homes is to work with them to understand and mitigate risk,” said Rebecca L. .” ” With ZestyAI models, carriers are able to move from territory-based segmentation to a property-by-property risk assessment.

Risk 59

Risk AI Risk Assessment Assessments 59

The Fintech Times

JUNE 19, 2024

Fenergo explained it plans to help First Abu Dhabi Bank to deliver end-to-end digital client onboarding and risk assessment for sanctions, AML and KYC. This will enable First Abu Dhabi Bank to straight-through-process its low-risk customers, enhancing onboarding efficiency and minimising costs.

AML 59

AML Compliance Money Laundering Risk Assessment 59

The Fintech Times

JANUARY 28, 2025

Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds. For smaller fintechs, these same rules can become roadblocks.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

Fintech Review

JANUARY 24, 2024

Innovative strategies like peer-to-peer platforms and AI for risk assessment are revolutionizing the market, offering tailored loans and faster approvals, thereby boosting customer satisfaction. The post Are banks good at lending? appeared first on Fintech Review.

Risk Management 105

Risk Management Assessments Small Business Innovation 105

The Fintech Times

SEPTEMBER 14, 2024

She explains while AI can streamline compliance processes and save compliance teams time to spend elsewhere, firms need to be careful about how they implement it. “This improves customer due diligence by concurrently cross-referencing many databases to verify identities with potential clients and any risks associated with them.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

Neopay

MARCH 7, 2024

Risk Assessment weaknesses: Annex 1 firms have demonstrated inadequacies in conducting comprehensive Business Wide Risk Assessments and Customer Risk Assessments, leaving significant gaps in their AML frameworks. The post FCA issues warning to firms over AML failings appeared first on Neopay.

AML 52

AML Financial Crimes Crime Risk Assessment 52

FICO

MARCH 24, 2021

These include: Post-pandemic shift to a new world order with associated changes to the relative importance of different currencies. Here are some quick tips to keep you focused on your priorities: Review Risk Assessments and adjust internal controls as needed. Maintain a strong Tone at the Top (“Culture of Compliance”).

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

Seon

JUNE 24, 2024

The rise of online transactions and evolving cybercrime tactics highlight the urgent need for strong identity risk management and monitoring. Identity theft presents significant challenges to businesses, making proactive risk mitigation essential for regulatory compliance, trust, asset protection, and operational integrity.

Risk Management 52

Risk Management Mitigation Risk Identity Theft 52

Tearsheet

JULY 1, 2024

First and foremost, your security must exceed industry compliance standards. Start with a risk assessment. Keep an eye on your systems to spot potential risks and anomalies early. Stand your post. The post Gen Z is leading adoption of new payments. It’s not good enough to just meet the standard.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

FICO

MARCH 17, 2021

Department of Treasury report entitled the 2018 National Money Laundering Risk Assessment , identify TBML not only as one of the most used, but also as one of the most difficult to detect methods of money laundering. Efforts to Combat Trade-Based Money Laundering”. This study, together with the U.S. by Claudia Huesmann.

Money Laundering 98

Money Laundering Crime Financial Crimes Industry Trends 98

Fintech News

JULY 4, 2024

The insurance industry stands to benefit from AI’s prowess in risk assessment and claims processing, while asset managers can leverage AI for more sophisticated portfolio allocation and algorithmic trading. One promising application is in ‘nowcasting’ – using real-time data to assess current economic conditions.

Central Bank 104

Central Bank AI Correspondent Bank Correspondent 104

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. ” The post 2024 Fraud Predictions With Confide, SEON, Fenergo, SAS, ComplyAdvantage appeared first on The Fintech Times.

Fraud Prevention 82

Fraud Prevention Scams Fraud Detection Regulatory Compliance 82

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. 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

Neopay

JUNE 27, 2024

Your senior team will all need to have understand the obligations on the firm and be able to prioritise regulatory compliance and its impact across the business. Additionally, firms should stay updated on regulatory changes and developments in the payments industry.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Fintech Times

NOVEMBER 26, 2024

Lana Sinelnikova – business compliance and enterprise-wide risk assessment director Sinelnikova’s team provides end-to-end compliance control and advice to various business units across their products’ lifecycle and develops compliance risk programs on both global and local levels.

Compliance 65

Compliance Financial Crimes Crime Money Laundering 65

Finovate

JUNE 20, 2024

The rapid evolution of technology turned regulatory compliance into a daunting frontier. Misra , who sits at the forefront of this arena, is a pioneer in using LLMs to do the heavy lifting when it comes to compliance. Misra : The traditional methods of regulatory compliance work for traditional regulations.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

Trade Credit & Liquidity Management

MAY 27, 2025

During our launch phase, we are providing full access to all Trade Credit & Liquidity Management posts. Key drivers of this growth include the proliferation of digital transactions, regulatory compliance requirements, and the need for real-time fraud detection solutions. Please consider becoming a paid subscriber.

Fraud Prevention 52

Fraud Prevention Fraud Detection Verification Risk Assessment 52

Neopay

JULY 4, 2024

Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance. And finally, remember your risk assessment is fundamental. No problem.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

Neopay

MARCH 4, 2024

How Neopay can help By partnering with Neopay, firms can access comprehensive compliance solutions tailored to their specific needs, helping them navigate regulatory requirements, mitigate risks, and uphold the highest standards of integrity and professionalism.

Compliance 52

Compliance Mitigation Risk Mitigation Risk Assessment 52

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. Deepfakes, synthetic identities and account takeover fraud are growing threats that require advanced identity proofing and risk assessment.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

The Payments Association

MAY 16, 2025

The FCA’s final guidance, issued in April 2025, outlines “reasonable procedures,” including fraud risk assessments, internal controls, staff training, and governance oversight. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Segpay

JANUARY 30, 2025

As financial institutions, these companies must implement risk management procedures and regulatory compliance to prevent reputational and financial damage. High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

Fintech Finance

MARCH 22, 2024

nsave was co-founded by Amer Baroudi and Abdallah AbuHashem, Rhodes Scholars who met at the University of Oxford and have extensive experience in banking, regulatory compliance, and fintech. nsave, which seeks to democratize access to safe financial services in Switzerland, raised $4 million.

FinTech 52

FinTech Money Laundering Regulatory Compliance Economy 52

Seon

SEPTEMBER 20, 2023

Carry out an initial risk assessment to determine if there are any reasons to question the person’s legitimacy. This allows the organization to determine the individual’s risk level to inform future due diligence procedures, such as anti-money laundering (AML) or fraud prevention regulations.

Process 52

Process Due Diligence AML Verification 52

EBizCharge

NOVEMBER 12, 2024

Risk assessment: After gathering the necessary information, a risk assessment is conducted to evaluate a business’s risk profile. Underwriters analyze factors such as transaction volumes and potential risks to determine the likelihood of financial instability or fraud. appeared first on EBizCharge.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Trade Credit & Liquidity Management

APRIL 16, 2025

Initiate Supply Chain Risk Assessment Policy and Procedures When your third-party risk management (TPRM) team needs you to provide a financial risk analysis of a supplier or other counterparty, the operating and delivery parameters need to be aligned to accommodate everybody involved.

Regulatory Compliance 52

Regulatory Compliance Procedures Automation Disputes 52

Seon

JUNE 29, 2023

KYT is a regulatory compliance requirement. KYT is a staple part of both AML and CTF compliance because scrutinizing financial activity is a core way to prevent money laundering and terrorist financing. It achieves this through transaction and behavior monitoring, risk assessment, and alert generation.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

The Fintech Times

SEPTEMBER 19, 2024

By integrating risk assessments, controls, and regulatory obligations in real-time, and within a unified framework, institutions can proactively identify and mitigate risks associated with new regulations, such as operational resilience requirements.

Risk 59

Risk Financial Crimes AML Risk Management 59

The Fintech Times

MAY 14, 2024

AI & ML Artificial intelligence (AI) and machine learning (ML) are revolutionising various aspects of fintech, from risk assessment and fraud detection to customer service and personalization. Regulation and compliance Fintech companies continue to grapple with evolving regulatory frameworks globally.

Privacy 65

Privacy Compliance Innovation FinTech 65

The Fintech Times

DECEMBER 14, 2023

Take, as a few examples, the way AI is now used for risk-assessment purposes, analysing large amounts of data, and assessing creditworthiness quickly and effectively. This goes hand-in-hand with regulatory compliance, with agencies better able to interpret and enforce complex financial regulations with the use of tech tools.

FinTech 69

FinTech Innovation Assessments Economy 69

Segpay

DECEMBER 7, 2023

In that case, you need to be aware of the implications of the DSA and how to ensure compliance with its requirements. In this post, we will explain what is digital law , what it means for your business, and how Segpay can help you manage your online payments securely and efficiently. What is the EU Digital Services Act?

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

The Fintech Times

MARCH 18, 2024

These tools also enable businesses to tailor their fraud prevention measures, allowing for the integration of industry-specific rules and parameters that align with their unique risk profiles. The post AI-native Vital for $67Billion Payment Fraud Prevention Market appeared first on The Fintech Times.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59