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When the lights go out: why does operational risk matter for financial stability?

BankUnderground

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

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FTC, Lawmakers Turn Sour On M&A; Could Innovation Suffer?

PYMNTS

corporates, including tech (and beyond Big Tech), Joe Simons , chair of the Federal Trade Commission (FTC), indicated that roadblocks could be set up to stop some of the traditional means of growth and innovation. In a signal of what might be on the horizon for U.S. The act is unlikely to go make much progress in a Republican-led Senate.

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COVID-19 Has Devastated SMBs, But It Might Make Their Insurance Policies Better

PYMNTS

For Next Insurance , the impact was “devastating” for many, according to the firm’s Chief Operating Officer Sofya Pogreb. With more investment comes more innovation, which will be imperative for the sector to adjust its market strategies to fit the new normal of today.

Policies 229
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The Innovative ‘Green Shoots’ Growing Out Of COVID-19’s Scorched Earth

PYMNTS

As long as the weather’s still cold and people are not voluntarily and strictly carrying out isolation policies and quarantining, this is going to spread,” he said. An Opportunity for Innovation . As the situation evolves, Wang told Webster, the innovative responses are doing the same. billion RMB ($6.4

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The Co-operative Bank selects Finastra Kondor Cloud for modernized treasury infrastructure

Bobsguide

London, UK – August 3, 2022 – Finastra announced today that The Co-operative Bank has selected Finastra Kondor in the cloud, available via Microsoft Azure, to upgrade its treasury infrastructure and automate manual reporting and processes.

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B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

PYMNTS

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office. Buckzy Payments.

Capital 139
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Back to the Future IV: challenges for financial stability policy in the next decade

BankUnderground

But while some of this development can build on well-grounded principles for financial stability policy, other aspects are likely to come up against three timeless challenges, requiring novel and innovative thinking to overcome. Figure 1 summarises the most common issues considered by the Financial Policy Committee in the last decade.