Risk Assessment news and trends

Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
artificial intelligence // October 17, 2024

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting...

NYDFS Issues Guidance for Combatting AI-Enabled Cybersecurity Risks
Cybersecurity // October 16, 2024

The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI). “AI has improved the ability for businesses to enhance threat detection and incident response strategies, while concurrently creating new...

Wells Fargo Pledges to Fix AML Program After OCC Agreement
Bank Regulation // September 12, 2024

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed a formal agreement with the bank to rectify deficiencies in its anti-money laundering (AML) and financial crimes risk management practices....

Finexio and Unimarket Launch Payment Risk Assessment and Management Tool
Security & Fraud // September 11, 2024

Finexio and Unimarket have partnered to launch a payment risk assessment and management tool. The new Payment Risk Score (PRS) is designed to tackle payment fraud by offering enterprises a data-driven approach to assessing risk levels across common payment methods, the companies said in a...

Interviews & Exclusives
New Security Regulations Focus EU FIs on Third-Party Risk Management

January 17, 2025
With the Digital Operational Resilience Act (DORA) now in effect, organizations must pivot from preparation to active compliance and ongoing risk management, That’s according to Carl Leonard, EMEA cybersecurity strategist at Proofpoint. In an interview with PYMNTS, Leonard said that true organizational resilience requires ongoing effort beyond compliance, with regular risk assessments and integration of […]

How AI Helps the Enterprise Collaborate on Sensitive Data

June 20, 2024
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it...

Pipe Aims $100 Million at Embedding Working Capital Solutions Into Business Software

June 11, 2024
The most valuable solution is the one that is there when you need it. And for America’s millions of small and medium-sized businesses (SMBs), they mostly share one common problem:...

Risk-Based Scores and Customer Profiles Bolster Merchant Efforts Against Fraudsters

January 24, 2024
No matter the attack vector, bad actors have a singular strategy in place when it comes to eCommerce fraud, Jason Paguandas, VP and GM, Merchant Security and Fraud, Carat from...

Quick Reads
Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment

October 17, 2024
Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting obligations. “Nasdaq’s machine learning technology is combined with a sophisticated […]

NYDFS Issues Guidance for Combatting AI-Enabled Cybersecurity Risks

October 16, 2024
The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI). “AI has improved the...

Finexio and Unimarket Launch Payment Risk Assessment and Management Tool

September 11, 2024
Finexio and Unimarket have partnered to launch a payment risk assessment and management tool. The new Payment Risk Score (PRS) is designed to tackle payment fraud by offering enterprises a...

FDIC Sends Cease and Desist Order to Cross River Over Lending Practices

April 30, 2023
Federal regulators have cited Crypto and FinTech-focused lender Cross River Bank. The Federal Deposit Insurance Corp. (FDIC) issued a cease-and-desist order against the New Jersey-based bank due to its lending practices, the agency announced...