The Paypers

SEPTEMBER 26, 2024

The Monetary Authority of Singapore (MAS) has announced the creation of a Cyber and Technology Resilience Experts (CTREX) Panel to advise on emerging technologies risks in the financials sector.

Technology

Fintech News

MAY 1, 2024

MAS acknowledged that DBS Bank has made significant strides in rectifying the issues identified, particularly in the areas of technology risk governance, system resilience, change management, and incident handling. times to DBS Bank’s risk-weighted assets for operational risk.

Caps

Payments Source

APRIL 23, 2018

There are lots of layers technology risk-mitigation features, and in addition, network level mitigation is provided as well, writes Robb Gaynor, chief product officer at Malauzai.

Risk Mitigation

PYMNTS

MARCH 16, 2020

There will be cost transparency on fees, and payment routing will be handled by Goldman Sachs’ advanced machine learning technology. It will also allow real-time payment tracking along with less inquiries about payment-related issues for suppliers.

Cross-Border Payments

Payments Source

JUNE 28, 2016

Building on industry initiatives to ease the user experience for chip cards and increase use of contactless technology, Oberthur Technologies has developed a dual interface card in the U.S. market that combines new Visa and MasterCard specs and 'tap and go.'.

Chip Cards

Finextra

NOVEMBER 20, 2024

The Financial Services Regulatory Authority (FSRA) of ADGM has published its Information Technology (IT) Risk Management Guidance (Guidance), providing a comprehensive and holistic framework for managing technology risks in ADGM's financial sector.

Risk Management

Fintech Finance

MAY 22, 2025

Mastercard’s Cyber Resilience Center aligns with the objectives of Saudi Vision 2030, contributing to the Kingdom’s commitment to secure digital transformation, improved public services, and a robust environment for technology-led innovation. Mastercard has invested $10.7 Mastercard has invested $10.7

Visa

Payments Source

JUNE 24, 2016

London has been a magnet for technology startups, buoyed by a favorable regulatory environment and proximity to many of the world's largest financial institutions.

Technology

VISTA InfoSec

JUNE 3, 2024

MAS-TRM compliance: Technology risk management guidelines by the Monetary Authority of Singapore. NESA compliance: Standards set by the National Electronic Security Authority in the UAE. CCPA compliance: California Consumer Privacy Act, focusing on consumer rights and data protection.

MFA

PYMNTS

JULY 22, 2020

And the actions on risk will help with the new, more comprehensive use of technology in peoples’ lives that has also come with more threat of risk, the release says.

Regulations

Payments Source

AUGUST 15, 2016

Smart contracts, which automate parts of payment agreements, are the key to using blockchain technology in complex financial transactions. However, there are still open questions and concerns about how smart contracts operate in the real world and whether they can be trusted.

Automation

The Fintech Times

DECEMBER 29, 2023

Emerging disruptive technologies, including artificial intelligence (AI), have continued to rise on the agenda for C-suite executives in the UK in the financial services industry over the last two years; according to a new study from Accenture , the IT services and consulting firm.

AI

PYMNTS

NOVEMBER 12, 2018

The organization pointed to growing concerns about technological risks. According to the World Economic Forum , cyberattacks ranked No. 1 in Europe, East Asia and the Pacific and North America. Failure of national governance ranked No.

Governance

Fintech News

JANUARY 24, 2024

This is part of MAS’s broader strategy to strengthen consumer safeguards and mitigate risks in the digital currency domain. Following its latest feedback publication on DPT regulations, MAS has introduced rules focusing on business conduct and technology risk management.

Service Provider

PYMNTS

JUNE 17, 2020

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. In financial fraud, the breaches come when bank standards are lax. may stand as Exhibit A here.

AML

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Audit

Global Fintech & Digital Assets

NOVEMBER 7, 2023

Tokenisation refers to the process of digitally representing an asset (or ownership of that asset) using distributed ledger technology (DLT) through the use of digital tokens. Popular examples of tokenised assets include tokenised financial instruments like bonds and funds and also other real-world assets like real property and artwork.

Distributed Ledger Technology (DLT)

The Fintech Times

AUGUST 15, 2024

The UK mortgage industry has seen significant changes in recent years, with technology playing a crucial role in transforming how loans are originated and serviced. Tell us more about your company and its offering Chris Little, chief revenue officer at finova finova is a technology provider serving the UK mortgage and savings sectors.

Origination

PYMNTS

JANUARY 9, 2020

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service. It’s now a stand-alone company, managed by holding company Rising Tide Digital and created by Columbia Capital to invest in disruptive supply chain technologies. .

Innovation

Payments Source

OCTOBER 2, 2016

Consumers are becoming increasingly aware of the double-edged sword that comes from broadly sharing their personal data.

Consumer

Payments Source

NOVEMBER 3, 2016

That's a good move, but it also comes with a whole new set of risks. Payment companies are increasingly adopting biometrics to replace more traditional authentication.

Authentication

PYMNTS

NOVEMBER 30, 2017

Second, there are the risk management technologies, including the cyberspace crawler that automatically reads and analyzes social posts about the merchant. The platform provides self-signup capabilities for all types of merchants across all channels.

Due Diligence

Payments Source

SEPTEMBER 21, 2016

Bashas' Inc., Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance.

EMV

Payments Source

OCTOBER 11, 2016

"Artificial Intelligence" as a concept still eludes some financial executives, but for Signifyd the most important thing to understand is it can be a strong weapon in the fight against fraud.

Technology Risk

Payments Source

MAY 3, 2016

Banks and their merchant clients face a costly problem stemming from how prepared they are to deal with attacks that sidestep the point of sale.

Accounts

The Fintech Times

MAY 11, 2024

“A lot of our regulation is generally driven by what the industry tells us first,” explains Ken Coghill, director – head of innovation and technology risk supervision at DFSA. “Then we continually engage to see if the regulation we put in place actually works, if it is practical and if it is useful. .”

Regulations

Payments Source

MARCH 2, 2016

Of all the initials small to mid-sized merchants hear during the digital payments migration—"EMV," NFC," "mPOS"—an older abbreviation may finally pry open the door to widespread payments automation: CRM.

CRM

Payments Source

MARCH 7, 2016

The idea of banks becoming Token Service Providers (TSPs) is an increasingly relevant move.

Service Provider

Payments Source

APRIL 28, 2016

McDonald's has been at the fore of many new digital initiatives around the world, and it has played a significant role in demonstrating how MasterCard can flex its international scale to build new services and avoid being disrupted.

Visa

Payments Source

MARCH 30, 2016

Peer-to-peer lending startup Ledge incorporates on millennial staples like social networking and open development to get on its feet while relying on a road paved by the financial services 'establishment' to go mainstream.

Payments

Payments Source

MARCH 22, 2016

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

EMV

Payments Source

AUGUST 23, 2016

There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season.

EMV

Payments Source

SEPTEMBER 8, 2016

It was inevitable that someone would try to add up those extra seconds it takes to perform an EMV transaction, and when Cayan did it concluded that EMV is forcing U.S. consumers as a whole to spend years in extra time at the register.

EMV

PYMNTS

JULY 24, 2017

One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. They left that meeting with enough money to get their pilot up and running, and soon had the proof they needed to support the use of this technology on a national scale.

Fed

Payments Source

AUGUST 15, 2016

The early morning exercisers who stop at Thrive Café in Loves Park, Ill. may be drenched in sweat and dressed in outfits devoid of any pockets, but they can still pay for their post-workout refreshments without a wallet or phone.

Payments

Payments Source

JUNE 1, 2016

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

SWIFT

PYMNTS

JANUARY 21, 2019

Environmental concerns will also be a top topic of conversation at the forum this year, as 2019 markets the the third year that extreme weather events topped WEF’s annual global risk survey , followed by the related challenges of failed climate change mitigation and natural catastrophes.

Void