Category : Risk Management

Banking Fintech Guest Posts Payment gateways Risk Management Security

Six Risks That Could Undermine Your Business: The Hidden Dangers of Sticking with Legacy Card Tech

Gary Singh
by Gary Singh0
Legacy card technology might feel like a steady foundation for your card program, but it’s often a liability in today’s competitive financial landscape. From rising operational costs to shifting consumer expectations, legacy systems pose significant risks that can undermine a financial institution’s growth. The six risks facing card programs today......
Artificial Intelligence Compliance management Featured Fintech Risk Management Security

Cross-Border P2P Transfers with AI: Overcoming Currency and Compliance Complexities

Fintech Staff Writer
by Fintech Staff Writer0
Peer-to-peer (P2P) transfers have revolutionized how individuals send money globally, enabling faster and more convenient cross-border transactions. Yet, these transfers face significant challenges, including currency conversion complexities, varying regulatory requirements, and fraud risks. The integration of artificial intelligence (AI) into cross-border P2P transfers is transforming this landscape, offering innovative solutions......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Fintech Startups from the Global Fintech Landscape That Made Headlines in 2024

Prajakta Ayade
by Prajakta Ayade0
In 2024, fintech startups continued to redefine financial services with innovation, customer focus, and market expansion. Across various sectors like neobanking, payments, lending, and cryptocurrency, several fintech companies captured global attention due to their impressive growth and transformative impact. Leading Fintech Innovators of 2024 Nubank Nubank, South America’s largest neobank,......
Artificial Intelligence Cryptocurrency Fintech Interviews Risk Management

Global Fintech Interview with David Caruso, Vice President of Financial Crime Compliance at WorkFusion

Paroma Sen
by Paroma Sen0
David Caruso, Vice President of Financial Crime Compliance at WorkFusion talks about the various ways in which organizations can use AI to fight financial crimes more effectively in this fintech catch-up: _____________ Hi David, tell us about yourself and your time in Fintech. My time in Fintech centers on prior......
Artificial Intelligence Finance Fintech Guest Posts Risk Management Robotic Process Automation Security

Gen AI and Its Impact on Fraud and Identity Verification

James Bruni
by James Bruni0
By James Bruni, GBG IDology The technology used to combat identity theft and limit fraud is constantly evolving. Unfortunately, bad actors also use emerging technologies to create new opportunities for fraud. Generative AI (Gen AI) has already had a massive impact on the threat landscape and is set to create......
Banking Finance Fintech News Risk Management Security

SecurityScorecard Threat Intel Report: 97% of Leading U.S. Banks Impacted by Third-Party Data Breaches in 2024

Business Wire
by Business Wire0
New report highlights growing risks in banking supply chains amid increasing third-party reliance SecurityScorecard today released an in-depth analysis revealing that 97% of the top 100 U.S. banks experienced a third-party data breach in the past year, exposing significant vulnerabilities in banking supply chains. As banks increasingly rely on third-party vendors......
Artificial Intelligence Featured Finance Fintech Risk Management Robotic Process Automation Security

Optimizing Data Annotation Pipelines for AI Models in the Insurance Sector

Fintech Staff Writer
by Fintech Staff Writer0
The insurance sector has increasingly adopted artificial intelligence (AI) to enhance risk assessment, fraud detection, customer personalization, and claims processing. AI models in the insurance sector rely on vast amounts of high-quality labeled data to perform these tasks accurately. Data annotation—the process of labeling datasets for training AI models—is thus......
Finance Fintech News Risk Management

FISCAL Technologies and Proservartner Forge Strategic Partnership to Revolutionise Financial Risk Management

EIN Presswire
by EIN Presswire0
FISCAL Technologies, a global leader in accounts payable risk management solutions, and Proservartner, a renowned business transformation consultancy, are thrilled to announce a groundbreaking partnership. This collaboration is set to empower organisations with state-of-the-art solutions that enhance financial resilience, optimise working capital, and streamline operations. Uniting FISCAL’s cutting-edge, AI-driven forensic......
Finance Fintech News Risk Management Security

Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America

PR Newswire
by PR Newswire0
Mastercard Now Offering Kount Payment Fraud Prevention and Chargeback Mitigation to Payment Providers and Merchants Equifax and Mastercard have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts......
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