Risk Management Systems Insights

With an ever-increasing burden of regulation and a significant amount of informal money transfers, the remittance market must adapt and change fast to reduce costs and boost competitiveness by implementing smart compliance solutions. With a sharp decline in global remittances caused by the pandemic, it is more than ever crucial to establish a... read more

Action must be taken following the European Securities and Markets Authority (Esma)’s review into Ucits liquidity risk management and market practices which identified shortcomings in documentation, procedures and how methodologies are compiled. “Without effective regulation in the UK and Europe to ensure more realistic assessments... read more

Insider trading must be tackled by regulators to provide a fairer market for small shareholders, particularly since the pandemic caused record levels of retail trading accounts, says Mohammed Rharrabti, senior business analyst at Natixis. “You can go to a forum and see many people exchange about their trade and shares. If you’re a... read more

Banks are becoming increasingly reliant on robotic process automation (RPA) technology – a trend that is expected to become more entrenched. According to SSON Analytics banks are by far the largest RPA users, coming in at a 51 percent share of entire market share. Next highest on the list is business process outsourcing at just 15... read more

Not only have the operational challenges of remote working and market volatility stretched reporting teams to their limit since the beginning of the pandemic, financial institutions are expected to ‘do more with less’ whilst still complying with complex regulatory demands and operating under increased scrutiny. Many banks will have... read more

A flexible, collaborative and adaptable approach to partnership was behind the success of 2020 bobsguide Best Retail Banking System Implementation award winners Compass Plus and Unibank. Unibank, one of the largest, most innovative and successful retail banks in Azerbaijan, originally teamed up with Compass Plus in 2018 to migrate its... read more

Investment management of financial institutions remains roughly as it was 40 years ago, according to Sandro Schmid, co-founder and CEO of AI tech firm, AAAccell, part of the LPA Group Schmid says the success or failure of analysts cherry-picking individual stocks is so often merely coincidence, as numerous research studies have proven. ... read more

As the pandemic continues to drive digitalisation across industries, the benefits of adopting an integrated approach are recognised more than ever by risk managers. Whilst digital transformation combats former manual burdens, streamlining processes not only presents a compliance advantage but also an improved speed of reporting which can enable... read more

Private organisations do not have the same degree of transparency as their public counterparts, making it more challenging to access environmental, social and governance (ESG) data, says Dan Grandage, head of ESG, private markets & real estate at Aberdeen Standard Investments. “Equities markets have been engaged with ESG in the form of... read more