Risk Management Systems Insights
8th August 2018
Would the 2008 financial crisis have occurred if the original Dodd Frank had been in place?
This was one such question posited by the audience in yesterday’s live webinar, looking ahead at how the proposed adjustments to the Dodd Frank Act will shape bank strategy and in turn, fintech strategy.
“I don’t believe so,”... read more
7th August 2018
Traditional lenders have steered clear of the SME market in recent years – but that’s changing. What was once considered an unprofitable sector, incumbents and new market participants have started to look to SME funding as the next big growth area. But the market has high expectations. Bobsguide spoke with William Wagner, vice president... read more
6th August 2018
The global rise of instant payments corresponds with the demand for “instant everything.” Customers want an economy that is like everything else in their lives: frictionless, on demand, and most important of all, fast.
To meet this demand, central banking authorities everywhere are enabling their member banks with new directives... read more
2nd August 2018
“It should be better known as artificially inflated,” says Fabrice Brossart, CRO of AIG, upon discussing the role that Artificial Intelligence (AI) plays within the insurance giant.
A buzzword of many years, Brossart believes that there is not enough penetration into the various sectors of AI.
Chris Gledhill, a former Lloyds... read more
2nd August 2018
Cloud management platforms are technologies that are used to monitor and operate applications, services and data, which are situated on the cloud. In order to select the most effective cloud management software, one needs to pay close attention to a number of features: multiple cloud management (allows application to operate on multiple... read more
1st August 2018
On July 31, the US Office of the Comptroller of the Currency announced it would begin accepting national charter applications from fintech firms, granting them federal rather than state oversight for the first time.
The impact could be seismic for financial service providers in the country.
For fintech and online lenders, it should come as... read more
31st July 2018
This article updates Six stages to a robust operational risk framework, written by Richard Pike in September 2011. It explains how a financial services company can create and implement a stable and manageable framework for risk management.
1. Risk identification
In this section in the previous article I talked about the process of... read more
30th July 2018
Time and again, the legitimacy and value of the spreadsheet to business, and in particular to the finance department is questioned, given the numerous times spreadsheet errors have caused significant issue for organisations. But the reality is that for all its shortcomings, this humble tool remains essential for core business processes and remains... read more
26th July 2018
Driving to Digital
In an era of digital transformation, not to mention a lot of economic and regulatory change, for many organizations this means unprecedented pressure to deliver new innovation to remain relevant and competitive. With studies revealing that only 5% of organizations winning at digital transformation, the ever-increasing pace and... read more
23rd July 2018
Cyber criminals are frequently targeting systemically vital infrastructure in healthcare, government and finance, and are increasingly sponsored by nation states.
Last week, 1.5m medical records were stolen from SingaHealth, Singapore’s main healthcare group, with the hackers acting on political motivation by "specifically and... read more