Risk Management Systems Insights
26th April 2018
By 2020 customer experience will overtake price and product as a key brand differentiator and for the most part, the experience will be digital.
That’s the prediction by customer intelligence consultancy, Walker.
As the gap in the mobile and online experiences between financial brands widens, wealth and investment managers must become... read more
26th April 2018
Across the world, regulators are struggling to put together constructive policies around the world’s newest financial and technological tool. Distributed ledger technology (DLT) has become synonymous with the cryptocurrency market – which in itself has evolved significantly over the past twelve months with major exchanges now offering... read more
25th April 2018
While a growing number of consumers are using mobile banking applications to undertake everyday banking activities the fact that a number of services are unavailable and security procedures can be tasking has led many to continue to rely on web platforms and more traditional means to fulfil their banking needs.
“There are limitations to... read more
25th April 2018
The first principle of data protection requires that all personal data be processed lawfully, fairly and transparently. A legal (or lawful) basis for processing must be satisfied before an organization can process any personal data.
GDPR outlines six scenarios in which data processing is legally permitted. Unless the organization can show that... read more
23rd April 2018
At the end of last year the Basel Committee on Banking Supervision (BCBS) announced the final rules that completed the Basel 3 reforms. Basel 4 - as the latest incarnation has since become known as - was presented at the time by Mario Draghi as “the end of the game”.
A key objective of the revisions is to reduce the excessive... read more
20th April 2018
After the financial crisis and particularly in Europe, recently, where the second Markets in Financial Instruments Directive (Mifid II) aimed to encourage transparency in the markets, many financial institutions were caught under wider, more stringent banking regulations. Without the necessary infrastructure around new compliance and reporting... read more
19th April 2018
Evolving regulatory requirements are resulting in complex challenges for financial institutions around the globe. No longer just a ‘nice to have’ requirement, the ability to quickly and accurately reconstruct trade records, and proactively spot compliance breaches is now essential to several departments in the business, including risk,... read more
18th April 2018
The financial services industry is currently on the brink of a massive technological disruption. Financial institutions are now beginning to actively explore new technologies, such as Artificial Intelligence (AI) and robotic process automation (RPA) to further automate routine AML and KYC processes and thereby improve operational efficiencies and... read more
16th April 2018
The Markets in Financial Instruments Directive (MiFID) II is the largest regulatory change to hit the financial services industry since the crisis. Although the legislation has been in effect since January 2018, the industry is still scrambling to put the infrastructure in place to meet the new transparency requirements. The far-reaching nature of... read more