Risk Management Systems Insights

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BIN sponsorship: how to get it right

22nd November 2018

Banking Identification Number (BIN) sponsorship is a quick shortcut for many companies looking to get their proposition to market both domestically and overseas. BIN sponsorship allows firms to process payments through an intermediary that is a direct scheme member. Why not go direct? Direct scheme membership is often costly, time consuming and... read more
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Implementing a netting solution

21st November 2018

Company: BELLIN
Multinational corporations are familiar with some of the obstacles involved with intercompany commerce. Foreign exchange risk, transaction quantities, and stagnant payment approvals can be expensive. In the realm of treasury management systems, a netting system can be the perfect solution. The following 2-part series will cover the basics of a... read more
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Open Banking: infrastructure firms “invisible” as incumbents’ appetite varies

20th November 2018

Company: bobsguide
"Critical" work conducted by infrastructure organisations – which provide aggregating services for Open Banking protocols – is being overlooked, says Iain McDougall, Stripe’s UK & Ireland country manager. It comes at a time when parts of the banking community have reacted differently to Europe’s Payments... read more
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Making private bankers more productive

20th November 2018

Company: FINARTIS
The transition to the use of digital tools in private banking is drawn by inefficiencies experienced by private bankers. If not dealt with, they will likely impact client satisfaction aside from making the private banker less productive. At the outset, qualified and experienced private bankers are very limited. And the problem is training private... read more
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How to start using AI to combat money laundering

19th November 2018

According to a recent Europol report, combatting global money laundering continues to be a challenge. “The banks are spending $20bn a year to run the compliance regime … and we are seizing one percent of criminal assets every year in Europe”, Rob Wainwright, director of Europol told Politico recently. At an institutional... read more
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Why data scientists solve irrelevant problems

13th November 2018

Company: Provenir
In today’s challenging financial market businesses need to utilize every available resource and technology to reduce risk when processing payments and credit applications. One area in particular that is often talked about, but still either under or incorrectly utilized, is data science. While many financial institutions are working... read more
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Why we need to embrace digital HR

13th November 2018

Company: EASY SOFTWARE UK
You may feel you’ve heard the term ‘digital transformation’ discussed a lot. Maybe too much, and you couldn’t be blamed for feeling a little IT industry hype fatigue. But while you may feel slightly jaundiced about the term, the trend it describes – and the dynamic change and benefits around efficiency the term... read more
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New data drives new paradigms in the trading revolution

29th October 2018

Traders value information above all else. The difference between success and failure every day can depend on what they see on their screens, and how they sift through the right information at the right time to make the right trade in fast-paced financial markets. Relying only on traditional sources of data is no longer sufficient on the modern... read more
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A new leader for driving enterprise control

29th October 2018

Global financial institutions are experimenting with an essential new c-level position—the chief control officer—to ensure that organisational lines of defence are effective in fostering internal compliance, accountability, and transparency. But without the right data, they may still be feeling around in the dark. Oversight and... read more
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The growth of small and medium excluded enterprises (SMEEs)

26th October 2018

Company: Banking Circle
Financial inclusion, or rather, exclusion, has long been a hot topic in personal finance circles. Ensuring individuals have fair and affordable access to financial products to suit their requirements is vital for improving equality and overall well-being. However, financial exclusion is increasingly becoming a concern for businesses. Post-recession... read more