Risk Management Systems Insights

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Q&A: SAS’ Naeem Siddiqi on ML for credit scoring

20th January 2020

Company: bobsguide
With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit underwriting. On December 19 the Bank of... read more
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US banks may struggle with same-day ACH window

9th January 2020

Company: bobsguide
Mid and lower tier US banks could find it difficult to run a third batch process within a business day to accommodate an additional same-day Automate Clearing House (ACH) settlement window, according to the head of global payments at a tech vendor.   “I think it is the tier three, four, and five banks that will go, ‘wow,... read more
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Video: Banks must publish faster and to higher standards

9th January 2020

Company: bobsguide
While the regulatory wave that followed the financial crisis appears to have crested, financial institutions are still facing new challenges. Global and local regulators are demanding greater reporting integration across multiple business processes and faster reactions to change. The boundaries between finance, risk and regulatory reporting... read more
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Trade reconstruction: a growing pain point for firms

3rd January 2020

Company: SteelEye Ltd
It is no secret that financial firms across the spectrum have struggled to grapple with the influx of regulations over recent years. Just in 2018, more than 1,000 investment firms fell short of their transaction reporting obligations under Mifid II. Poor, untimely and inadequate data has also been cited as a continuous challenge by the regulator.... read more
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Buyers brief: Corporate treasurers embrace tech revolution

3rd January 2020

Company: bobsguide
For the past two decades corporate treasurers have been eagerly awaiting a wave of technological change to help cope with their ever-increasing workload. For some time now, treasurers have been told that their industry is on the brink of accessing automated systems that will free them from the drudgery of their day-to-day operational... read more
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Capital markets regtech in review

16th December 2019

Company: bobsguide
While fintech investment is expected to grow at about $80bn a year, spending in regtech is predicted to go beyond $115bn in the next four years, according to Nick Cook, director of innovation at the UK’s Financial Conduct Authority (FCA), speaking at a conference in June. But despite significant growth expectations, Cook said there were... read more
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US banks explore alt data for credit underwriting

13th December 2019

Company: bobsguide
US banks are researching use cases of alternative data in the lending space, according to software vendors. “The risk of using alternative data without some sort of guidance framework is that data can be used intentionally or unintentionally in a discriminatory fashion. So that’s why we are very concerned as an... read more
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2020 fintech conferences to watch out for

12th December 2019

Company: bobsguide
Bobsguide have complied a list of the global fintech conferences that will take place during 2020. This page will be updated as and when new information is provided.   January Paris Fintech Forum January 28-29 Where: Palais Brongniart, Paris For: Fintechs, banks From: €1,400   February Artificial... read more
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How AI can combat the growing menace of trade-based money laundering

9th December 2019

Company: Pelican
The menace of trade-based money laundering (TBML) is an increasing, yet often under-reported, financial and reputational risk to banks and a growing concern to governments and regulators. Transnational crime is worth up to $2.2trn each year and much of it is facilitated by various forms of trade-based money laundering. A PWC report stated that... read more