Risk Management Systems Insights
20th February 2018
The Final Rule brings with it a raft of regulatory compliance challenges for financial institutions. While its intention is to promote “uniformity and consistency” to “strengthen the system as a whole by further limiting opportunities for inconsistent application of unclear or unexpressed expectations”, the Client Due... read more
19th February 2018
bobsguide sat down with Marion Rybnikar, Head of Data at Danske Bank UK, and Stuart Harvey, CEO of Datactics, to discuss the monolithic task of data management in the face of GDPR and PSD2.
Marion, tell me how one comes to be Head of Data at a major global bank.
Marion Rybnikar (Danske Bank): I completed a Physics degree before... read more
14th February 2018
The current approach to cybersecurity within the financial services industry is flawed. With regulations such as the new General Data Protection Regulation (GDPR) and New York State’s DFS Cybersecurity Regulation being enforced, putting ever greater pressure on data protection, combined with the fact that the financial services industry is... read more
13th February 2018
Dov Goldman of Opus, outlined exactly how the concealed Uber breach came about, what GDPR would have thought and how big businesses can prevent data breaches in the future.
Tell us about yourself.
My title is VP of Innovation but practically that makes me an entrepreneur in residence. I’m responsible for meeting the market and hunting... read more
13th February 2018
There appears to be a plethora of headlines so far this year with a common theme – 2018 is the year of regtech, fintech, the year of digitisation and technological revamp. According to the Chinese calendar, it is in fact the year of the Dog. The Chinese Horoscope for 2018 predicts that this year, of the Brown Earth Dog, is going to be a good... read more
8th February 2018
Security and data security concerns have traditionally dominated the list of reasons for lack of cloud technology adoption by banks.
In a survey conducted by Forrester Research a few years ago, it found that the top five reasons why US banks were avoiding cloud technology included:
1) Security (73%)
2) Privacy (63%)
3) Risk (59%)
4)... read more
8th February 2018
What? General Data Protection Regulation (GDPR)
When? 25th May, 2018 (Adopted by European Parliament in April, 2016)
By? EU’s Article 29 Working Party (and replaced under GDPR by the European Data Protection Board (EDPB))
Applies to whom? Controllers and processors of personal data collected within... read more
30th January 2018
Colin Goldstein, Head of Strategic Partnerships at iwoca and Alan Walsh, Head of Network & Partnerships at Bud, sit down with bobsguide to talk PSD2, collaboration and why banks should be scared of the tech giants.
What is your role in the world of financial services?
iwoca: We’re on a mission to help small businesses access finance... read more
26th January 2018
Many financial institutions globally have started leveraging Robotics Process Automation (RPA) for their Risk and Compliance needs. According to Industry estimates, the overall spend in RPA is going to reach $1bn by 2020 .They also forecast that RPA tools will evolve significantly, and include AI capabilities; the adoption levels for RPA are going... read more
18th January 2018
Dan Shmueli - Senior Vice President, AxiomSL
One could look at FDIC 370 as the next regulatory hurdle faced by deposit taking institutions, OR an opportunity to be positioned for growth in a rising rate and increasing liability environment. AxiomSL’s experience in implementing FDIC 370 has revealed the following benefits for its... read more