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

Fintech News

Once known for speed and disruption, Indonesia’s crypto industry is now facing its biggest reckoning: compliance or irrelevance. With OJK taking the regulatory reins and the Travel Rule now in force, crypto firms in Indonesia must evolve fast or risk falling behind in global markets, regulatory approval, and user trust.

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

This surge brings with it opportunity and the heightened risk of fraud. Built around documentation verification and static data checks, these processes are essential for regulatory compliance. Traditional fraud prevention methods are struggling to keep up with the sheer scale and speed of today’s changing threat landscape.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

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

Stax

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. What is the Purpose of Merchant Underwriting?

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Are Commercial Credit Bureau Reports Enough?

Trade Credit & Liquidity Management

In this data-driven economy, risk assessment demands more than simply evaluating whether a customer will pay their bills. To truly understand and manage credit risk today, modern companies must look beyond the basics and leverage new technologies, alternative data, and broader information sources.

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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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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. For smaller fintechs, these same rules can become roadblocks.