Fast-pay merchants (such as ATMs, vending machines, quick-service eateries) cannot afford to wait for confirmed payments. Thus, they are exposed to fraud risk, as goods change hands before victims ...

The three lines of defence is a risk governance framework that splits responsibility for operational risk management across three functions. Individuals in the first line own and manage risk directly.

Artificial Intelligence (AI) is at the forefront of revolutionizing the financial industry, driving innovation, strengthening security, and ensuring more effective governance. In an era where ...