article thumbnail

Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must adopt robust risk mitigation strategies and ensure their systems can communicate across borders to close these critical compliance gaps.

article thumbnail

Chargebacks: A Survival Guide

Cardfellow

Use Address Verification Service (AVS) Consider using the Address Verification Service anti-fraud tool. We spoke with Chargebacks911 , a risk mitigation firm that helps online merchants optimize profitability through chargeback management. Co-founder and COO Monica Eaton-Cardone offered insight into the change.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top 100 Fintech Tools and Platforms for Businesses

Fintech Review

KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Best for : Digital banks and B2B fintechs needing dynamic risk management. Persona Provides fully customisable identity verification flows with options for ID checks, biometrics, and database lookups.

article thumbnail

What Is a Clearinghouse and How Does It Facilitate Safe Transactions?

EBizCharge

4 primary purposes of a clearinghouse Understanding the primary functions and purposes of a financial clearinghouse is crucial since these institutions ensure transactions are safe and efficient, reducing the risks associated with exchanging money or information. The following section will explore how they maintain this.

article thumbnail

B2B Startups Land Funding For Risk Mitigation Tech

PYMNTS

And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. Below, PYMNTS rounds up the latest funding news in the world of B2B.

article thumbnail

RegTech’s Critical Role In ID Verification

PYMNTS

Add to this the challenge of authenticating the identities of customers, and it’s easy to see how the creation of a scalable verification process that works worldwide can seem like an impossible feat. Verification On Autopilot. The more borders that a business crosses, the more complex adhering to regulatory standards can become.

article thumbnail

Business KYC: A Seamless Business Verification For Risk Mitigation

Finextra

Business KYC plays a crucial role in fraud mitigation in the business world. However, KYC regulation.