Risk Management Systems Insights

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Payments errors hitting firms’ bottom lines

25th September 2020

Organisations in every sector are under pressure to do more with less in today’s current landscape. The uncertainty around the pandemic has meant businesses cannot afford to miss opportunities to free up their capital. This means it’s become imperative companies to find growth, streamline processes, save money, enhance service levels... read more
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Video: Insurers turn to tech amid disruption and payouts

24th September 2020

Company: AutoRek
Insurers are embracing technology as the pandemic continues to disrupt the industry, but interest in partnerships does not yield immediate implementation. “We’ve definitely seen an uptick in interest and demand – people reaching out, wanting to understand what’s possible, how a solution might work for them and to explore... read more
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Redefining the future of finance

22nd September 2020

Company: Finastra
The impact of the pandemic has been felt around the world, and in so many ways. It has highlighted the need to counter some of the world’s problems and, in that respect, has increased the urgency to create better outcomes for society. We’ve witnessed an acceleration in digital transformation strategies, as institutions look to better... read more
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Risk tech vendors raise volatility concerns

16th September 2020

Company: bobsguide
Risk management tech vendors debated pandemic-triggered market risks outlined by the European Securities and Markets Authority (Esma) last week, including high market volatility and liquidity challenges. “Top-line market volatility has indeed declined but remains high relative to history. In fact it would have to go down another 30 percent... read more
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Is a best-of-breed reporting system within your reach?

15th September 2020

Company: Factbook
From time to time I find myself in front of a small asset management firm that is considering a best-of-breed investment reporting solution.   Usually the key driver for such firms (with, say, AuM of under £10bn) dipping their toes in the water is that they are beginning to scale up their investment management operations and are... read more
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How to save a million dollars on bank operating costs

15th September 2020

Company: Comarch Finance
An AML analyst spends an average of an hour analysing a suspicious case. Each time they have to perform a series of simple, repetitive actions. Search for a given client in the database of suspects, verify if the client is not on the warning lists, check what is known about the client from the internet. In some institutions, even a dozen or so... read more
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Reconciling for the payments industry: when money is the commodity

8th September 2020

Company: ReconArt, Inc.
The payments industry has undergone drastic changes in the last decade, making reconciliation critical to cope with huge volume, abundant data sources and a growing number of players involved in each individual transaction.   Yet what remains unchanged is the essence – payments are still about transactions, about making sure everyone... read more
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“We don’t stand still”

2nd September 2020

Company: Kx
As regulators demand greater levels of transparency, firms adapt to the evolving landscape in which new requirements have risen in the surveillance market. Whilst some areas have undergone more changes than others, the need to access multiple layers of data remains vital within an organisation – a challenge that Kx believes to have addressed... read more
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Accessibility emerges as a commercial differentiator

2nd September 2020

Company: Onfido
The global pandemic and lockdowns have compounded awareness of how technology enables consumers to stay connected to goods and services in a digital age. And companies are responding – according to a June study by IFS, 70 percent of firms globally are increasing or at least maintaining their digital transformation spend following the... read more