Risk Management Systems Insights


How to start using AI to combat money laundering

19th November 2018

According to a recent Europol report, combatting global money laundering continues to be a challenge. “The banks are spending $20bn a year to run the compliance regime … and we are seizing one percent of criminal assets every year in Europe”, Rob Wainwright, director of Europol told Politico recently. At an institutional... read more

Why data scientists solve irrelevant problems

13th November 2018

Company: Provenir
In today’s challenging financial market businesses need to utilize every available resource and technology to reduce risk when processing payments and credit applications. One area in particular that is often talked about, but still either under or incorrectly utilized, is data science. While many financial institutions are working... read more

Why we need to embrace digital HR

13th November 2018

You may feel you’ve heard the term ‘digital transformation’ discussed a lot. Maybe too much, and you couldn’t be blamed for feeling a little IT industry hype fatigue. But while you may feel slightly jaundiced about the term, the trend it describes – and the dynamic change and benefits around efficiency the term... read more

New data drives new paradigms in the trading revolution

29th October 2018

Traders value information above all else. The difference between success and failure every day can depend on what they see on their screens, and how they sift through the right information at the right time to make the right trade in fast-paced financial markets. Relying only on traditional sources of data is no longer sufficient on the modern... read more

A new leader for driving enterprise control

29th October 2018

Global financial institutions are experimenting with an essential new c-level position—the chief control officer—to ensure that organisational lines of defence are effective in fostering internal compliance, accountability, and transparency. But without the right data, they may still be feeling around in the dark. Oversight and... read more

The growth of small and medium excluded enterprises (SMEEs)

26th October 2018

Company: Banking Circle
Financial inclusion, or rather, exclusion, has long been a hot topic in personal finance circles. Ensuring individuals have fair and affordable access to financial products to suit their requirements is vital for improving equality and overall well-being. However, financial exclusion is increasingly becoming a concern for businesses. Post-recession... read more

Ripple chairman: Washington lobbying has led to poor crypto judgements

24th October 2018

Company: bobsguide
Chris Larson, executive chairman and co-founder of Ripple, said mistakes have been made in the ways in which regulators have dealt with cryptocurrencies. “Washington is in a learning phase,” he told an audience at Money20/20. “I have to say there was a debacle with the industry lobbying over the last year or so specifically... read more

Banks "struggling" to employ hackers

23rd October 2018

Company: bobsguide
Mikhail Sosonkin, a Russian hacker and security specialist told a panel at Money 20/20 that most hackers don’t want to work for banks.  “A lot of hackers tend to have the mentality of wanting their own freedom. They want to have this uncontrolled aspect in their work and to be able to make their decisions themselves.... read more

Mifid II: asset managers "hearing from the regulators"

23rd October 2018

Company: bobsguide
“The regulatory burden on a financial institution operating in multiple regimes - plus Brexit - is incredibly large,” said Harry Chopra, chief client officer of AxiomSL on the sidelines of Sibos 2018 in Sydney, Australia. “You get regulatory fatigue at some point,” said Chopra.  Educating the industry is therefore... read more

US states to proactively regulate fintech market

21st October 2018

Company: bobsguide
State regulators are to take a more hands-on approach to regulating and engaging with financial technology developments, according to Chris Camacho, president and CEO of the Greater Phoenix Economic Council, who was speaking as part of a panel at this year’s Money20/20. “I can’t reinforce this enough: I believe you’re... read more