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Fed orders Nano Banc in California to reduce CRE concentration

American Banker

The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.

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Agent-based models and the evolution of risk management

The Banker

Richard Bookstaber, chief risk officer at the University of California, explains how analysing human behaviour is essential to managing risk.

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Business T&E Management Firm TravelPerk Buys NexTravel

PYMNTS

International travel management company TravelPerk has unveiled its acquisition of California-based NexTravel to help with its continuing growth roadmap in the American market. The NexTravel deal comes on the heels of its integration of Albatross, the risk management upstart, in July of last year. 13) announcement.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

That does little to stop events already in motion from coming into the light of day eventually, and as Hong Kong’s California Fitness chain of gyms is finding out, it does even less to quell public outrage when it happens.

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Moody’s Acquired This Climate Data And Analytics Firm To Expand Its Climate Risk Assessment Portfolio

CB Insights

Moody’s , an integrated risk assessment firm, has acquired RMS , a risk management solutions provider, for $2B. RMS: California-based RMS is a provider of climate and natural disaster risk modeling and analytics. The company has over 400 risk models that cover 120 countries.

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Connected Car Commerce Picks Up Speed

PYMNTS

The category has also been moved by the late August announcement that Discover and Car IQ, a California FinTech, have partnered to create a payment platform for v-commerce payments beginning with automotive fleets. This collaboration represents a new method for payment authentication that will simplify the payment management of any vehicle.

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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

He was responsible for all aspects of those businesses in that role, with the inclusion of marketing, sales, growth strategy, financial performance as well as digital transformation, customer experience, talent strategy and risk management.

Strategy 131