Fintech News

DECEMBER 10, 2024

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.

Risk 104

Risk AI Acquirers Deepfake 104

Fintech Finance

OCTOBER 31, 2024

Across the globe, the dialogue about compliance and risk has changed and it has become increasingly challenging for emerging fintechs and bank sponsors to keep pace. The post Thredd Launches Suite of Enhanced Compliance and Risk Services appeared first on FF News | Fintech Finance.

Compliance 93

Compliance Risk Push-to-Card Scams 93

Payments Dive

MAY 6, 2024

Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

ACH 158

ACH Risk Finance Process 158

The Payments Association

DECEMBER 16, 2024

In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange (FX) riskor exchange rate risk. This article explores FX risks in international payments and outlines strategies to minimise them, ensuring efficient and cost-effective operations.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

VISTA InfoSec

JUNE 26, 2024

Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth. Companies with strong cybersecurity risk management have the resilience to maintain business continuity.

Cybersecurity 256

Cybersecurity Due Diligence Security Risk Management 256

Payments Dive

OCTOBER 31, 2024

Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.

Risk 103

Risk AI FinTech Transactions 103

Fintech Finance

NOVEMBER 21, 2024

The research also challenges assumptions that reimbursement leads to complacency; in fact, reimbursed victims report feeling more vigilant about fraud risks, not less. Reimbursement protects many aspects of social wellbeing and trust – for example, victims that are reimbursed are commonly less likely to have long-term emotional impacts.

Research 97

Research Risk Fraud Prevention Scams 97

VISTA InfoSec

FEBRUARY 25, 2024

Virtually every industry faces data breach risks today as sensitive information gets digitized and networked across cloud platforms. For customers exposed to breaches, identity theft risks skyrocket, leading to bank/credit card fraud plus medical/tax/employment fraud. What Gets Breached?

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

VISTA InfoSec

MAY 24, 2024

Benefits of PCI DSS compliance for a small business: Enhanced Security reduces the risk of data breaches, fraud, and unauthorized access to sensitive cardholder data. It helps assess and mitigate security risks systematically by identifying vulnerabilities and implementing controls to address them before they materialize.

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

CBDC 213

CBDC Fed Digital Currency Central Bank 213

VISTA InfoSec

JULY 17, 2024

This way, you lower the risk of threats sneaking through cracks caused by misunderstandings. You won’t miss any risks hiding in non-English speaking areas of your network. Update your policies often to reflect new cybersecurity risks or compliance requirements The digital landscape changes quickly, so stay ahead.

Cybersecurity 231

Cybersecurity Compliance Encryption Best Practices 231

Finextra

JANUARY 22, 2025

Between $25 billion and $50 billion in potential efficiency gains can be realized through targeted enhancements in banks' Risk and Compliance functions alone without compromising effectiveness, according to a report released by Nasdaq and Boston Consulting Group (BCG).

Compliance 59

Compliance Risk Compromise Consulting 59

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. However, backups stored onsite remain vulnerable to physical risks like fires or theft. Regularly educate them on advanced data security best practices to turn this risk into a formidable guard.

Data Security 254

Data Security Security Encryption Cybersecurity 254

VISTA InfoSec

OCTOBER 21, 2024

As financial institutions increasingly rely on digital infrastructure to enhance operations, customer experience, and security, they also face growing challenges in mitigating the risks that come with it, such as cyber threats, system failures, and other operational vulnerabilities.

Compliance 152

Compliance Third-Party Service Provider Risk Assessment Audit 152

The Paypers

JANUARY 20, 2025

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have released a joint report analysing developments in the crypto-asset sector.

Risk 75

Risk Authorization Security 75

VISTA InfoSec

OCTOBER 21, 2024

They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.

CCPA 178

CCPA Privacy Assessments Laws 178

Bank Automation

AUGUST 21, 2024

Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.

Cybersecurity 132

Cybersecurity AI Mitigation Risk 132

Fintech Finance

JANUARY 9, 2025

Saving businesses from trading off between conversion, risk, and cost The complexity of payment management still holds businesses back from reaching their ambitions. Balancing risk management, driving conversion, and minimizing cost has always required ineffective compromises until now said Carlo Bruno, VP of Product at Adyen.

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AI Transactions Payment Solutions Payments 98

Payments Dive

DECEMBER 12, 2024

“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.

ISOs 145

ISOs Risk Payments 145

Fintech News

SEPTEMBER 22, 2024

A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. Payment fraud, in which stolen payment credentials are used to make illegal transactions, rose by 9% YoY, signaling heightened financial risks for banks.

Accounts 136

Accounts Scams Bots Account Takeovers 136

VISTA InfoSec

JUNE 7, 2024

However, working predominantly or even exclusively through the internet also poses copious security risks to both individuals and companies. Implicit trust and the abundance of vulnerabilities in outdated security systems can lead to exposed IP addresses, the proliferation of spyware and other malware, and other security risks.

Micro-Entry 162

Micro-Entry Data Breach Breach Cybersecurity 162

The Fintech Times

APRIL 15, 2024

“By analysing big data and rapidly assessing risks, AI empowers financial companies to make well-informed decisions. This approach not only fine-tunes the assessment of credit risks but also customises financial products to meet individual requirements, balancing personalisation with risk management.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 108

Risk Assessment Payment APIs and Integration Verification Assessments 108

VISTA InfoSec

JULY 1, 2024

These strategies will streamline your audit process, from planning and automation to focusing on high-risk areas and managing your time wisely. Focus on High-Risk Areas Not all areas need the same level of attention. Identify high-risk areas in your systems. High-risk areas are more likely to have issues.

Audit 130

Audit Compromise Security Automation 130

VISTA InfoSec

MARCH 5, 2024

Reflects the higher risk visitors can pose. Media Inventory Requires periodic inventories of all media Inventory specifically for electronic media with cardholder data Focus on where the highest risk data resides. To define the frequency of periodic POI device inspections based on the entity’s targeted risk analysis.

PCI DSS 147

PCI DSS Procedures Assessments Checks 147

VISTA InfoSec

OCTOBER 21, 2024

The risk of cyber attacks for companies is increasing and can significantly disrupt their operations, have negative financial consequences and damage their reputation. This article explores the most common cyber security threats targeting SMEs, practical measures to mitigate risks, and essential steps to take in the event of an attack.

Security 130

Security Phishing Ransomware Risk Assessment 130

Finextra

SEPTEMBER 16, 2024

Citigroup is stripping chief operating officer Anand Selva of his responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Risk Management 124

Risk Management Compliance Addressing Governance 124

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings.

Fraud Prevention 96

Fraud Prevention Financial Crimes Value Added Service AI 96

Open Banking Excellence

SEPTEMBER 25, 2024

As banks adapt to these transformative forces, attendees gain insights into innovative strategies, regulatory compliance, and customer-centric approaches that will define the future of banking.

Regulatory Compliance 130

Regulatory Compliance Fraud Prevention Cybersecurity AI 130

VISTA InfoSec

OCTOBER 21, 2024

Data Protection Impact Assessments (DPIA) DPO is required to oversee and guide the organization in conducting DPIAs, especially for high-risk processing activities, and provide the necessary support and advice in mitigating the identified risks. 4.Point Key Responsibilities of a Data Protection Officer 1.Monitoring

CCPA 130

CCPA Privacy Laws Data Breach 130

Stax

JANUARY 23, 2025

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. Learn More What is Merchant Account Underwriting?

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Underwriting PCI DSS Processors Money Laundering 68

The Fintech Times

NOVEMBER 27, 2024

Despite the fact that investing in crypto remains unregulated and high-risk, consumers appear to increasingly consider cryptoassets as part of ‘a wider investment portfolio’, leading to 26 per cent dipping into their long-term savings to purchase them. ” Has everything been accounted for?

Regulations 112

Regulations Stablecoins Risk Consulting 112

Finezza

DECEMBER 30, 2024

In corporate loan underwriting, collateral acts as a safety net for lenders, reducing the risk of loss, and making sure that the lender can recover their funds if a borrower defaults. Typically, the size of the loan a lender provides ranges from 70% to 90% of the collaterals value.

Underwriting 104

Underwriting Risk Posting Origination 104