Articles with tag like: risk management

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EBA warns of detrimental impact of de-risking

News | Digital Identity, Security & Online Fraud | 10 Jan 2022

The European Banking Authority (EBA) has published its opinion on the impact of de-risking in the EU and the steps authorities should take to tackle unwarranted de-risking.

risk management, EBA, AML, de-risking

Red Dot Payment taps Radar Payments for ecommerce fraud prevention

News | Ecommerce | 06 Jan 2022

Singapore-based payment service provider Red Dot Payment (RDP) has selected Radar Payments by BPC for its global ecommerce fraud prevention solutions delivered as a SaaS model.

Radar Payments, partnership, fraud prevention, risk management, ecommerce, digitalisation

Aware acquires Fortress Identity and expands eKYC capabilities

News | Digital Identity, Security & Online Fraud | 23 Dec 2021

Risk management company Aware has announced it acquired Fortress Identity to expand its offering around identity proofing, onboarding, verification, and authentication.

eKYC, digital onboarding, acquisition, risk management, SaaS, digital identity, biometric authentication

Metro Bank fined with USD 7.3 mln

News | Payments General | 22 Dec 2021

The Bank of England has fined Metro Bank USD 7.13 million for failures in its regulatory reporting, after the lender revealed an accounting blunder in 2019.

banks, regulation, risk management, fraud prevention

Critical vulnerability in Apache Log4j discovered

News | Digital Identity, Security & Online Fraud | 14 Dec 2021

Researchers have discovered a critical vulnerability in Apache Log4j library, which scores perfect 10 out of 10 in CVSS.

cybersecurity, online security, risk management

niiio finance group acquires PATRONAS Financial Systems

News | Online & Mobile Banking | 09 Dec 2021

Germany-based software-as-a-service platform for asset and wealth management niiio finance group has acquired 100% of the shares in the financial services software provider PATRONAS Financial Systems with effect from 1 January 2021.

SaaS, acquisition, risk management, financial services

Forter introduces its Trusted Identities

News | Digital Identity, Security & Online Fraud | 08 Dec 2021

Forter has launched Trusted Identities to help businesses simplify online account authentication.

online authentication, digital identity, ecommerce, fraud prevention, risk management

Spreedly leverages Stripe's Radar

News | Digital Identity, Security & Online Fraud | 03 Dec 2021

Spreedly has announced that, as part of its partnership with Stripe, mutual customers are now able to leverage the fraud fighting tool, Radar, to help reduce fraudulent transactions and approve more legitimate orders. 

fraud prevention, partnership, risk management, data, Spreedly

Vyne's payment solution live on 10 THG brands

News | Online Payments | 03 Dec 2021

Vyne has announced that its payment solution is now live on the checkouts of 10 brands in the THG portfolio.

Open Banking, online payments, risk management

BillingPlatform adds new capabilities

News | E-invoicing, SCF & E-procurement | 03 Dec 2021

BillingPlatform has added new capabilities to its Revenue Recognition solution.

product upgrade, risk management, e-invoicing

Facebook to make two-factor authentication mandatory for high-risk accounts

News | Digital Identity, Security & Online Fraud | 03 Dec 2021

Facebook has announced it will make two-factor authentication (2FA) mandatory for high-risk accounts likely to be targeted by malicious hackers.

Facebook, two-factor authentication, risk management, online authentication

EBA releases report on IFRS 9 monitoring

News | Online & Mobile Banking | 24 Nov 2021

EBA has noted significant efforts in IFRS 9 implementation by EU institutions but cautions on some of the observed accounting practices, especially in the context of the COVID-19 pandemic.

EBA, report, COVID-19, credit scoring, risk management

iDenfy announces new product for fraud detection and monitoring

News | Digital Identity, Security & Online Fraud | 18 Nov 2021

Lithuania-based tech startup iDenfy has announced a fraud scoring tool that will be used by financial institutions to provide fraud detection and monitoring services.

iDenfy, fraud prevention, digital identity, fraud detection, risk management, data

FSS warns KakaoBank to improve its AML system

News | Digital Identity, Security & Online Fraud | 15 Nov 2021

Financial Supervisory Service (FSS), South Korea’s financial watchdog, has warned KakaoBank to improve its monitoring system that protects against money laundering.

banks, AML, regulation, transactions , risk management

Lumina releases R3 Risk Reporting service

News | Digital Identity, Security & Online Fraud | 12 Nov 2021

US-based SaaS platform Lumina has launched R3, an AI-generated report that provides purchasers with search results surrounding risks of threats about individuals.

risk management, KYC, digital identity, SaaS, artificial intelligence

Matrix teams up with Elliptic

News | Digital Identity, Security & Online Fraud | 11 Nov 2021

Matrix, a global virtual asset trading platform, has partnered with Elliptic, a provider of virtual asset risk management and blockchain analytics solutions, to protect traders on its platform. 

partnership, AML, risk management, blockchain, KYC, digital onboarding

Meridian Trust chooses Scienaptic AI for automated credit decisions

News | Online & Mobile Banking | 08 Nov 2021

US-based credit union Meridian Trust has selected Scienaptic AI to help it augment its underwriting capabilities to make faster credit decisions and increase loan approvals.

partnership, digitalisation, credit scoring, risk management

Fusion Risk Management launches Dynamic Response Console

News | Digital Identity, Security & Online Fraud | 05 Nov 2021

US-based Fusion Risk Management has delivered a solution to augment organisations to deliver real-time data-driven responses for large scale events and helps plan management.

risk management, product launch, data aggregation, data

Wolters Kluwer acquires LicenseLogix

News | Payments General | 01 Nov 2021

Netherlands-based risk management company Wolters Kluwer has bought US-based license service provider LicenseLogix.

acquisition, compliance, risk management, SMEs, fraud prevention

Arkose Labs announces updates to its Fraud Deterrence Platform

News | Digital Identity, Security & Online Fraud | 29 Oct 2021

Arkose Labs, a US-based fraud prevention company, has introduced new updates to its Fraud Deterrence Platform, including augmented risk detection and attack response.

Arkose Labs, product upgrade, digital identity, fraud prevention, risk management, artificial intelligence, machine learning