Risk Management Systems Insights
2nd March 2021
These days, there are three main software delivery models on the market: out the box, off-premises, and on-premises.
In the out of the box delivery model, the user buys a disk containing a software distribution kit and installs it. Simple as it may seem, the main disadvantages of the model are: the need for a machine that’s powerful... read more
2nd March 2021
Over the last 12 months we’ve seen one of the biggest shifts in decades in financial technology – with banks accelerating the transition of their operations to the cloud. The benefits are clear: a cloud-based approach provides easy access to innovation, helps banks deliver more relevant customer experiences, and... read more
26th February 2021
UK-based fintechs have largely been shielded from any negative Brexit side-effects by working with larger financial institutions and evolving their business models, according to Nicki Bisgaard, CEO and founder of fintech payments company EedenBull.
There had been fears that Brexit would see the swift decline of London as a prominent fintech hub.... read more
11th February 2021
Understanding and monitoring the Average Aggregate Notional Amount (AANA) calculations as early as possible can provide firms caught by the Uncleared Margin Rules (UMR), with an opportunity to reduce business costs and optimise trading exposure, according to Cassini’s CEO and founder, Liam Huxley.
"Effective AANA management provides... read more
9th February 2021
JPMorgan Chase recently announced it will offer UK consumers “a completely new banking choice” with the launch of its new digital challenger later this year, but consultants are warning that those looking into the market must be clear on the path they are taking.
“I’m really sceptical,” says Mark O’Keefe,... read more
8th February 2021
The sixth anti-money laundering directive (6AMLD) is here. In effect in EU member states since December 3, 2020, financial institutions must implement the directive by June 3, 2021.
While there are fewer big changes than previous directives, 6AMLD brings clarity to specific regulatory details to close loopholes, toughen penalties, and encourage... read more
3rd February 2021
Global inflows into sustainable funds were up 88 percent in Q4 2020 to $152.3bn compared with the same period in 2019, with Europe continuing to dominate the space, accounting for 80 percent of these inflows, while the US took in 13.4 percent, up slightly from 12 percent in the last quarter, according to a recent report by Morningstar.
But while... read more
2nd February 2021
Using data and analytics to scrape social media sites to combat the influence Reddit pages like r/wallstreetbets have had over markets in recent weeks is pointless, according to Toscafund Asset Management’s chief economist, Dr Savvas Savouri.
Reports have suggested that hedge funds will now start scraping data from Reddit forums, using... read more
1st February 2021
To say that 2020 has been eventful would be an understatement. No one could have predicted how these past 12 months would pan out and how big an impact the pandemic would have on the global economy and the banking sector specifically.
As such, several new banking trends have emerged as lenders attempt to safely navigate the challenges posed by... read more
27th January 2021
This month, the Financial Crimes Enforcement Network (FinCEN) fined Capital One $390m for violating the Bank Secrecy Act (BSA) and failing to comply with regulations – but the firm claims it is committed to tackling money laundering.
“Capital One takes its anti-money laundering obligations very seriously,” said a spokesperson... read more