Risk Management Systems Insights

This is the second in a three part series, based on the whitepaper, Excellence in Sanctions Compliance: The Role of Effectiveness, Efficiency and Explainability The first article in our “excellence in sanctions compliance” series detailed the many regulatory requirements that must be met to achieve effective compliance. If not... read more

Banks have allowed fintechs to take a large portion of market share, according to Paul Maley, managing director, head of corporate bank UK and Ireland at Deutsche Bank “[Banks] have as a community allowed the fintech and certain providers to actually take away a lot of market share, a lot of access to clients, and therefore, a lot of... read more

With the increasing volatility of markets and complexity of products available for investors today, wealth managers are bound to use artificial intelligence (AI) as part of their overall strategy. There is a need to embark on new technologies in order to keep up with the ever-growing challenges faced by wealth managers and their clients alike.... read more

Monitoring third party’s cyber security is a growing concern for banks, according to Paul Williams, senior technical advisor, operational risk and resilience at the Bank of England (BoE). “Cyber has been a key topic for the entire duration that I have been in the role at the bank, which has been five or six years,” said... read more

Firms must go back to basics and simplify transaction monitoring and know your customer (KYC) processes, according to Katie Jackson, a partner at Deloitte. “Firms are conducting a huge amount of transaction monitoring, they might be running generic rule sets not tailored [ones]… they are running retail rules over a commercial or an... read more

Europe's stuttering markets must do more to attract investment in technology according to Christian Sewing, chief executive officer at Deutsche Bank. “We simply aren’t that interesting anymore for many investors in companies,” said Sewing at the Sibos conference in London this week. “We must be alert that... read more

The immediate outlook for the euro doesn’t look set to improve, according to David Bloom, head of FX research at HSBC. “We've just recently seen the ECB cut rates and do some fancy QE or whatever it was. They are getting desperate. If you saw the numbers today, they are absolutely awful,” said Bloom at the Sibos conference... read more

Alternative data is becoming increasingly essential for central banks in their examination of markets movements, according to Andreas Schrimpf, chief economist at the Bank of International Settlement (BIS). “A lot of the central banks typically face the issue of monitoring market functioning for example and in quasi real-time as well... read more

This is the first of a two-part series, taking a deep dive into the generations that banks are at risk of neglecting. Our first instalment focuses on Gen Z, a group of young people that is fast becoming a serious audience. Find out the various characteristics of this generation of digital natives, including the challenges that... read more