Category : Risk Management

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......
Compliance management News Risk Management

Middesk Introduces Address Risk Insights to Further Reduce Risk and Boost KYB Compliance

PR Newswire
by PR Newswire0
Leading business identity company Middesk announced the introduction of Address Risk Insights, a critical new addition to its core Know Your Business (KYB) product Verify and its recently introduced risk scoring Signal product. A first for the KYB space, Address Risk Insights helps companies assess the risk of a businesses’ address during onboarding or ongoing monitoring,......
Artificial Intelligence Banking Featured Fintech Machine Learning Risk Management

AI-Driven Insights for Hedge Funds: Customizing Algorithms for Increased Benefits

Fintech Staff Writer
by Fintech Staff Writer0
Hedge funds rely on vast amounts of financial data to help make investment decisions, and traditional methods of analysis often fall short in extracting actionable insights from this deluge of information. This is where artificial intelligence (AI) comes in, enabling hedge funds to harness advanced technologies for more accurate, timely,......
Fintech News Risk Management

AML RightSource Names Jennie Jonas as Senior Vice President of Financial Crimes Advisory

PR Newswire
by PR Newswire0
Jonas brings 20 years of expertise to AML RightSource’s financial crime leadership in tackling financial crime and regulatory complexities AML RightSource, a global leader in technology-led managed services for financial crime prevention, announced the appointment of Jennie Jonas as Senior Vice President of Financial Crimes Advisory. With over two decades......
Finance Fintech News Risk Management

Autire Launches CPA Industry’s First Audit Solution with Automated Risk Assessment, Transforming 401(k) Audit Compliance

Business Wire
by Business Wire0
Autire, the accounting industry’s only end-to-end, fully automated SaaS platform for Employee Benefit Plan (EBP) auditing, has unveiled its groundbreaking Automated Risk Assessment feature, providing the highest levels of confidence in 401(k) audit compliance. As the first solution in the marketplace capable of automatically calculating risk as a byproduct of......
Compliance management Finance Fintech Guest Posts Risk Management

Click to Cancel: A New Regulatory Hurdle for Fintechs

Will Hamory
by Will Hamory0
In an era where digital convenience comes with a monthly price tag, consumers are finding themselves drowning in a sea of subscriptions. From streaming services to meal kits, fitness apps to financial tools, what once seemed like smart solutions are now creating a new kind of digital burden. As wallets......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Fraud Benchmarking With FinTech

Prajakta Ayade
by Prajakta Ayade0
Fraud has become a growing concern across industries as digital transformation accelerates. Within financial technology (FinTech), the rapid adoption of digital services, APIs, and real-time processing has brought innovation and efficiency while introducing new vulnerabilities to fraud. Fraud benchmarking, a strategic process that evaluates an organization’s fraud management practices against......
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