VISTA InfoSec

OCTOBER 25, 2023

Welcome to our comprehensive guide on ‘Conducting an ISO 27001 Risk Assessment’. This blog is designed to equip you with effective strategies for a successful risk assessment, incorporating the principles of ISO 31000 risk management. Let’s enhance your risk assessment!

Risk Assessment 130

Risk Assessment ISOs Assessments Risk 130

The Payments Association

MAY 13, 2024

Digital wallets are rapidly evolving, increasingly centralising essential personal functionalities like payments, identity verification, and data control, highlighting both immense potential and significant risks. Read more

Risk 88

Risk Verification Payments Digital Currency 88

The Fintech Times

MAY 5, 2024

Resilience , the US-based cyber risk solution company, has introduced two new cyber risk tools to its cyber insurance package, in a move to help its clients reduce losses from cyberattacks. Not only are Resilience’s clients more effective at avoiding loss, but they also are more proactive about assessing and mitigating that risk.

Risk Mitigation 67

Risk Mitigation Mitigation Risk Ransomware 67

Finextra

MARCH 28, 2024

A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.

Risk Management 124

Risk Management AI Risk Treasury 124

Stax

JANUARY 8, 2024

However, several complex types of risks come along with this. As such, PayFacs need to equip themselves with an effective risk management strategy that helps them continuously monitor risks and employ appropriate risk responses if needed. could also be classified as operational risks. Let’s get started.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

Fintech News

APRIL 16, 2024

Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. The tech can also draft model documentation and validation reports.

Risk Management 94

Risk Management AI Risk Regulatory Compliance 94

Finextra

APRIL 1, 2024

ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.

Risk Management 123

Risk Management AI Risk 123

Payments Dive

JUNE 5, 2023

Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

Risk 109

Risk Cross-Border Payments Cross-Border Central Bank 109

Finextra

FEBRUARY 21, 2024

The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.

Risk 97

Risk Central Bank Process 97

Finovate

JANUARY 24, 2024

Open banking company Tink has launched its new rules-based risk engine, Risk Signals. Risk Signals leverages account, transaction, and payment data to help prevent fraud and lower settlement risk. Open banking company Tink launched its new rules-based risk engine, Risk Signals this week.

Settlement 64

Settlement Risk Payment Service Provider (PSP) Non-Bank 64

Payments Next

APRIL 3, 2024

By Laurent Charpentier, CEO, Yooz Even those who aren’t die-hard fans of Marvel Comics have heard of the superhero Iron Man, a The post AI vs AI: The best hope for combating generative AI fraud risk first appeared on Payments NEXT.

AI 100

AI Risk Posting Payments 100

Bank Automation

MARCH 22, 2024

KeyBank is working to automate as many risk controls as possible as threats continue to tick up. NASHVILLE, Tenn. Over the last year, we shifted to looking at all of our controls in seeing how many of the controls we can automate or streamline,” Dominic Cugini, chief transformation officer at KeyBank, said at Bank […]

Automation 69

Automation Risk Continuity Risk Management 69

Basis Theory

NOVEMBER 22, 2023

Sophisticated high-risk merchants understand that de-risking their payments operations can truly be a game changer for their business.

Risk 88

Risk Process Interoperability Payments 88

Basis Theory

NOVEMBER 27, 2023

In the first four posts of this five-part series, we covered the rules of payment processing for high risk merchants, what causes processors to shut down merchants, and how merchants can stay operational with one or many PSPs.

Risk 88

Risk Process Processors Payments 88

Finextra

JANUARY 24, 2024

Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.

Instant Payments 115

Instant Payments Risk Rules Payments 115

Open Banking Excellence

AUGUST 23, 2023

How can businesses unlock the productivity gains of AI whilst mitigating the risk of ‘hallucinations’ and solving challenges around toxicity, privacy, bias, and data governance, asks Paul O’Sullivan, SVP Solution Engineering at Salesforce? Our approach is totally unique and reduces the risk of potentially dangerous errors.

AI 130

AI Risk Online and Mobile Banking CRM 130

Payments Dive

APRIL 5, 2024

Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.

CFPB 144

CFPB Risk Scams 144

Finextra

MAY 1, 2024

Arbol, a leading climate risk solutions provider operating in over 15 countries, announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

Risk 59

Risk Participant 59

Fi911

FEBRUARY 14, 2024

Merchant accounts, while essential for facilitating electronic transactions, inherently carry a level of risk. To mitigate this risk, banks may mandate the establishment of a merchant account reserve, which involves setting aside a predetermined portion of a merchant’s revenue. Why Do Acquirers Mandate Account Reserves?

Risk Management 93

Risk Management Risk Accounts Processors 93

Finextra

MAY 15, 2024

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced the appointment of David Liu as senior vice president of fraud & risk.

Risk 52

Risk Verification 52

Fintech News

DECEMBER 6, 2023

Discussions about risk decisioning platforms often center around onboarding and loan origination. Eliminating siloed systems and easily sharing intelligence enables more accurate and faster decisions, reducing risks, and maximising growth. However, investing at the start of the journey is just one aspect of the puzzle.

APACS 101

APACS Risk RFP AI 101

Finezza

APRIL 23, 2024

Factoring […] The post Mitigating Risk in Debt Factoring: Underwriting Best Practices appeared first on Finezza Blog. However, factoring could be an excellent solution for companies to try to cash in on their account receivables, control cash flow, and keep the business afloat.

Best Practices 52

Best Practices Underwriting Mitigation Risk 52

Finextra

APRIL 26, 2024

What is ethical risk? Ethical risk consists of the risks that could impede an organisation’s ability to live up to its ethical values and standards which impact consumer trust, reputation, and financial performance.

Risk 72

Risk Consumer 72

Basis Theory

NOVEMBER 16, 2023

Operating as a high-risk merchant, one of the most feared experiences is getting shut down. Even the looming threat of this happening is enough to keep many merchants up at night.

Risk 88

Risk Process Payments 88

Basis Theory

NOVEMBER 14, 2023

This is blog post one of a five-part series on the ins and outs of high-risk merchants and high-risk payment processing.

Risk 88

Risk Process Rules Payments 88

PCI Security Standards

FEBRUARY 6, 2024

With the rapid rise in popularity of AI services like ChatGPT, Dall-E, and GitHub Copilot, many people are looking at ways they can leverage the new abilities of these systems to improve their existing businesses.

AI 210

AI Risk Security Payments 210

Payments Dive

AUGUST 22, 2022

The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and the risks they pose to consumers, the agency said in a recent report.

Risk 88

Risk CFPB Payments Innovation 88

Fintech Finance

JANUARY 24, 2024

Tink , the market leader in open banking, has launched ‘Risk Signals’ – a rules-based risk engine that unlocks instant payment experiences across Europe, while minimising risk. Offer an instant experience and absorb the risk, or hold off until the payment is settled and potentially lose the customer.

Instant Payments 52

Instant Payments Risk Payer Payments 52

Finextra

APRIL 11, 2024

Broadstone, a leading independent pensions, employee benefits, investments and insurance consultancy, announces the acquisition of Vestigo Partners Limited (Vestigo), an experienced and dynamic analytics and credit risk consultancy established in 2017.

Credit Risk 52

Credit Risk Risk Consulting 52

Finextra

APRIL 25, 2024

Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.

Embedded Finance 64

Embedded Finance Risk Finance FinTech 64

FloQast

NOVEMBER 20, 2023

One of the first steps in carrying out an effective internal audit is to perform an internal audit risk assessment. This planning process is the foundation for a successful audit, helping auditors identify and prioritize significant risks and areas of concern within an organization. What Is an Internal Audit Risk Assessment?

Risk Assessment 52

Risk Assessment Audit Assessments Risk 52

Payments Dive

DECEMBER 4, 2023

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

Risk 78

Risk 78

Bank Automation

MARCH 18, 2024

This demand is driving a transformative shift towards leveraging Artificial Intelligence (AI) and automation to redefine credit and risk assessment strategies. In the dynamic world of financial services, the need for rapid and precise credit decisions has never been more crucial.

Credit Risk 76

Credit Risk Automation AI Risk 76

The Fintech Times

MARCH 12, 2024

Among these, the insurance industry stands as a critical player uniquely positioned to drive sustainable initiatives and proactively manage climate-related risks. It allows insurance providers and their customers to assess the risks of today and help prepare them for those of the future.”

Mitigation 70

Mitigation Risk Underwriting Risk Assessment 70

Finextra

MAY 7, 2024

Mangopay, a modular and flexible payment infrastructure provider that offers 360° fraud prevention for platforms, announces the appointment of Ariel Shoham as Vice President of Product for Risk.

Risk 52

Risk Product Fraud Prevention Payments 52

Finextra

APRIL 11, 2024

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with FICO, a global analytics software leader, for the UK market.

Credit Risk 52

Credit Risk Risk Transactions 52

Finovate

JANUARY 17, 2024

Supply Wisdom unveiled its self-service, SaaS-based model that gives organizations the ability to conduct real-time risk monitoring. Today, Supply Wisdom launched a self-service, SaaS-based model that delivers real-time risk monitoring capability to organizations. Supply Wisdom made its Finovate debut at FinovateFall 2022.

Risk 64

Risk Risk Management Verification Regulations 64