Remove Regulations Remove Regulatory Compliance Remove Risk Assessment
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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

Crime 88
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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

TL;DR Merchant underwriting is the process of evaluating a businesss risk level before approving it for credit card processing for any kind of payments from electronic payments to in-person payments. Key steps include application review, risk assessment, credit checks, and compliance verification.

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Crypto Firms in Indonesia Must Rethink Their Compliance Now, Or Risk Losing Out

Fintech News

The session, hosted by Arys Agusman, Business Development Manager for Sumsub APAC, brought together Sumsub , Sygna, RedotPay and Asosiasi Blockchain Indonesia to outline what Indonesian crypto firms must do to stay ahead in regulatory compliance. News Regulatory Body, New Regulations to Adhere to?

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How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?

The Fintech Times

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. Regulation can kill innovation.

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Building the Backbone: Future-Proofing Fintech Infrastructure for the Next Decade

Finextra

However, rapid growth brings challenges including scaling operations, ensuring regulatory compliance and maintaining robust IT infrastructure. For fintech startups, navigating these complexities without in-house expertise can lead to inefficiencies and risks. billion in the first half of 2024 , defying a global downturn.

FinTech 52
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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

In contrast, heavily regulated or traditionally offline sectors are moving more cautiously. Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses.

AI 114
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Future of Loan Management Systems: Predictions for the Next Decade, 2025-2035

M2P Fintech

Smart Contracts: Self-executing agreements streamline loan distribution, repayment, and compliance, cutting costs and speeding up transactions. Identity Verification: Provides a secure digital identity, simplifying verification and enhancing regulatory compliance. AI, ML, and blockchain enhance risk assessment and security.