Risk Management Systems Insights
15th December 2020
There has been a growing number of cyberattacks against ATMS and central servers, which are the systems that control ATMs. This pressing threat has resulted in the theft of personal data, such as account numbers and pin codes.
However, these types of attacks still require further actions to convert the data into money, so a simpler effort for... read more
14th December 2020
The emerging cloud technologies offer numerous benefits over traditional on-premises deployments. While the rate of cloud adoption in the financial industry was initially slow, banks and asset managers are now embracing cloud technologies and moving their enterprise application to the cloud. This article details the experience of one vendor,... read more
7th December 2020
Long the bastion of cash and liquidity management, bank treasury teams do far more than position-keeping. Real-time risk management, operations, payments, and financial risk management are rolled into the business function. Over the past few years, market-leading software has become key to overseeing the risk and reward of each process, and so... read more
2nd December 2020
Over the past two decades, the rules governing financial services have become much more onerous, leading more organisations to rely on tech vendors to process vast swathes of data and report to exact standards. As such, the regtech sector has blossomed, with vendors popping up to offer assistance across functions.
Yet for UK based financial... read more
30th November 2020
The year 2020 has proved unusually testing for the financial services industry. Yet, in the face of added pressures created by the pandemic, efforts to migrate to the new global standard for payments messaging – aka ISO 20022 – have continued, albeit with a few added changes.
Recognising concerns that many banks would struggle to... read more
24th November 2020
It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as a global financial powerhouse.
For fintechs, it... read more
16th November 2020
With the global pandemic came a global need to reorganise, replan and rethink spending for businesses across industries, as the impact of lockdowns and changing consumer behaviour was felt.
While IT costs are just one element of business budgets, technology now underpins the effective function of almost every organisation. At the same time,... read more
3rd November 2020
The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congressional Review pending tomorrow’s US election results.
“This [true lender] rule coming out now and going into full effect between the election and the inauguration is something that... read more
2nd November 2020
The latest Consolidated Audit Trail (CAT) reporting obligations went live on October 26. However, there’s no time to rest for firms, who are now tasked with preparing for the next set of requirements in January 2021. Having moderated a CAT webinar with leading industry experts from FINRA CAT, Morgan Stanley, RegEdge, and Cboe Global Markets... read more
30th October 2020
The European Securities and Markets Authority’s (Esma) new stress tests expose a lack of preparation among asset managers, highlighting the importance of regtech providers in risk assessments.
“The industry has been relying heavily on independent regtech providers who offer solutions as well as expertise to perform gap-analysis,... read more