Risk Management Systems Insights

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Sanctions compliance: a fresh warning for the air cargo industry

29th May 2018

Company: Accuity
Recent news that a Maersk company carried arms components from North Korea to Egypt - in violation of international sanctions - acts as a fresh warning for those facilitating global trade to be diligent in monitoring and reporting suspicious activity. The transportation of electrical components by a Maersk subsidiary, which had the potential to be... read more
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Navigating Basel: how innovative lending strategies can maintain competitive advantage

25th May 2018

The deluge of regulations to have hit financial markets since the banking crisis has without a doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally changed the makeup of each bank and lending... read more
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The pillars of evaluating core upgrades and conversion

24th May 2018

Company: Finxact
I recently met with the senior team of a large bank that is evaluating a conversion to a modern core banking system. They articulated an interesting perspective of how they viewed their “core processing”. This in turn resulted in us discussing what “core processing” really means to their bank. Asking what “core... read more
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Best practices for AXS-One archive migration

21st May 2018

If your company has traditionally depended on AXS-One email archiving software to help meet your business needs, you’re not alone. Many organizations used the AXS-One archiving solution for everything from managing the size of their Exchange mailbox to providing support for eDiscovery and compliance. But times change. For one thing,... read more
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Does fintech hype sell?

18th May 2018

Company: bobsguide
Chief executive officers, chief risk officers and increasingly, chief information officers, all claim top spot in the finserv hierarchy but how important is the role of the chief marketing officer really? “It bothers me when I see a CMO placed higher than the CIO on the company’s 'about' page,” was one response from... read more
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GDPR in context: 6 key data protection principles

17th May 2018

Company: Fenergo
GDPR outlines six principles that organizations need to abide by. These principles aren't new - they were already outlined in the 1995 directive, but GDPR has revised them slightly. We delve into each principle below: 1. Lawfulness, fairness and transparency Our last blog, on Legal Bases, falls within this principle. Controllers... read more
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Farewell, Excel jockeys

16th May 2018

Company: GlobeTax
Every asset servicer faces a trilemma: boost client satisfaction, increase operational efficiency, and decrease costs – all at the same time. In large part, the trilemma stems from the way in which information flows through the global custody chain. Because each intermediary uses customized systems to manage account and position... read more
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Is there a need for a US fintech charter?

14th May 2018

Company: bobsguide
Following years of new regulations, nobody in the financial sector is particularly keen on new rules. Since Dodd Frank and its related slew of regulatory and reporting requirements, the very thought that regulations could become more demanding should send shivers down the spine of anyone working in the market. Not least regulators – who have... read more
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Will IFAs survive the robo revolution?

14th May 2018

Robo platforms are giving IFAs a scare. They came into the market with full force, promising tech driven, hands-free robo advice for anyone who wanted it. With major market participants spending millions on promotional and staff costs, as to be known was, and remains, the single most important commercial priority. Now robos are hiring human... read more
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Why would I need a token?

14th May 2018

And it usually does in a stealth mode, sometimes under the tightly closed lid of our laptops. In its 2015 report, KasperskyLab points out that the dealings of just one hacker group called Carbanak, which targeted around 100 banks in Europe and China, brought a total loss of USD 1 trillion in the course of a year. Let us remember that the published... read more