Risk Management Systems Insights


Cyber security "starts with the board"

7th February 2020

Just as we rang in the 2020s, foreign exchange company Travelex found itself battling a well-coordinated ransomware and meticulously planned cyber- attack. This attack came as a timely reminder that, as financial firms extend their offering and reliance on all things digital, we can only expect the risk of cyber incidents to increase. No... read more

Q&A: FDX’s Don Cardinal on a global API standard

6th February 2020

Company: bobsguide
As data transparency and protection gain prominence across financial services, the market is looking for a definitive global data sharing standard. In Europe, requirements such as the General Data Protection Regulation (GDPR) and the second Payment Services Directive (PSD2) have cracked down on financial data usage. Meanwhile, a market-led... read more

People moves: Numerated, Tech Nation and more

4th February 2020

Company: bobsguide
Numerated appoints a new CFO Massachusetts-based financial service technology firm Numerated announced in January the appointment of Duncan Perry to the role of chief financial officer. Commenting on his appointment Perry said: “The banking industry is at a precipice in solving for digital disruption, and the team here at Numerated has... read more

Retrospective ID investigations needed for 5AMLD

4th February 2020

Financial services companies based in the EU now have yet another regulation to adhere to: the fifth Anti-Money Laundering Directive (5AMLD) that became law in early January. But how many have taken steps beyond ensuring their new customer onboarding process is set up for compliance with these new regulations? Equally as important, existing... read more

Better tech investment needed to face asset management turmoil

27th January 2020

Company: Murex
Facing a slew of industry complications, asset managers today are increasingly investing in tech to alleviate pain points – but comprehensive tech solutions are needed to ease complexity. In 2014, PwC reported that 2020 would see the asset management industry, known for occupying a relatively low-tech infrastructure, embrace a tech-centric... read more

Four themes to get right in 2020: Libor, SFTR, cyber security and market equivalence

27th January 2020

As is traditional this time of year, our good intentions of new year resolutions fade to what we might expect to be dominant themes in 2020, and it has to be said that if certain plans are not yet well advanced you might want to get to it. Libor In 2018 I wrote about the impending move away from Libor-based products ‘Libor - living... read more

Q&A: SAS’ Naeem Siddiqi on ML for credit scoring

20th January 2020

Company: bobsguide
With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit underwriting. On December 19 the Bank of... read more

US banks may struggle with same-day ACH window

9th January 2020

Company: bobsguide
Mid and lower tier US banks could find it difficult to run a third batch process within a business day to accommodate an additional same-day Automate Clearing House (ACH) settlement window, according to the head of global payments at a tech vendor.   “I think it is the tier three, four, and five banks that will go, ‘wow,... read more

Video: Banks must publish faster and to higher standards

9th January 2020

Company: bobsguide
While the regulatory wave that followed the financial crisis appears to have crested, financial institutions are still facing new challenges. Global and local regulators are demanding greater reporting integration across multiple business processes and faster reactions to change. The boundaries between finance, risk and regulatory reporting... read more