Risk Management Systems Insights

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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
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Cash management for multinationals and global banks

9th December 2019

Managing cash across multiple banks usually involves numerous tokens to access proprietary and isolated bank portals, or for the more complex treasury operation, different file or SWIFT based links to each bank. As a consequence, information is not always consolidated for ease of reporting and intuitive cash management. Lengthy waits for... read more
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The new radicals: a better approach to wealth technology

9th December 2019

The wealth industry has never found it easy to implement systems and adapt to new technologies. One reason for this is that there is a cultural divide between people who work in IT and people who manage money. That gap is reducing but nevertheless it remains. Compounding the issue, the technology landscape is now changing faster than ever and... read more
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Enough is enough: the onslaught of FS regulatory demands won’t cease, so capital markets participants need a new approach

5th December 2019

After more than a decade of intensifying regulatory scrutiny, and calls for greater transparency across financial markets, it is striking that so many capital markets participants are still mired in compliance-related IT and data complexity without an end in sight. Ultimately, this is because they have not solved some fundamental trade data... read more
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Navigating turbulent waters: Are we prepared for the Basel journey?

3rd December 2019

Company: AxiomSL
The expansion of Basel requirements involves more than a simple finalisation of Basel III reforms. The updated requirements and new calculation rules are so comprehensive that they have been informally dubbed Basel IV and there is no industry consensus on what a future Basel regulatory scenario may look like. This is partly because evolving... read more
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Review and evolve: The leverage ratio today, yesterday and tomorrow

29th November 2019

Company: bobsguide
Since regulators stepped up their inspections of leverage ratios about a decade ago, banks have been jittery about reporting requirements, and how much control they have relinquished in the name of transparent markets. Clearing, repo and a host of other desks have reconstituted the way they do things, much to their chagrin. But the formalities... read more
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Are deep fakes a threat to the future of identity verification?

29th November 2019

Company: NorthRow
New research shows an alarming surge in the creation of deep fake videos, with the number posted online almost doubling in the last nine months according to the BBC. President Obama’s famous lip-synching video went viral and the most recent deep fake is of Boris Johnson and Jeremy Corbyn, who both appear to endorse each other to be the... read more