BankInovation

FEBRUARY 8, 2021

This year, risk management will look inward. Automation is not new to risk management, but businesses will increasingly look to the technology to address pandemic-spurred risk and security issues, said J.H. Caldwell recently authored the organization’s “Global Risk […].

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Risk Management Management Security Technology 98

Insights on Business

JUNE 18, 2019

Risk brings rewards. Risk management professionals are comfortable with ideas about growth curves and early versus late investment. Risk management demands a lot of data from many different sources, and traditional database management systems are too slow for the granular analytics needed today.

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Risk Management Technology Management Big Data 185

American Banker

MARCH 27, 2024

The report found banks have difficulties accounting for AI risks. The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang.

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Risk Management Report Management Fraud 78

Jack Henry

MAY 21, 2021

In this blog, I’ll dive into cybersecurity trends that present a significant potential risk and offer some practical advice to help you reduce the overall risk. According to data from IBM Security X-Force, one in four attacks remediated as of September 2020 were linked to good old ransomware. 2020 Sets the Stage for 2021.

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Risk Management Trends Security Management 88

Insights on Business

JANUARY 3, 2019

But while mobile devices give us great power and convenience, they also create new security and privacy challenges. To thwart cybercriminals and meet regulatory requirements while also managing costs, institutions should consider adopting a centrally managed platform and related services to create a consistent and scalable control framework.

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Risk Management Management Regulation Guidelines 128

PYMNTS

DECEMBER 19, 2018

19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce. Citi’s Treasury and Trade Solutions (TTS) announced on Wednesday (Dec.

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Risk Management Management Customer Experience Analysis 162

Abrigo

FEBRUARY 18, 2017

The purpose of the new rule is to give credit unions more flexibility to implement principle-based risk management processes and policies. This means it’s important that credit unions reevaluate their risk management strategies. To predetermine whether the borrower will pay requires an assessment of their character.

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Risk Management Management Strategy Lending 150

Abrigo

MAY 19, 2016

Monitoring credit risk management, interest rate risk and banks’ ability to stress test loans affected by low oil prices are among the priorities for supervisors at the Office of the Comptroller of the Currency (OCC) these days, according to the agency’s recent mid-year status report on its operating plan.

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Risk Management Management Analysis Resources 150

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. All are retiring in April, May or June.

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BankInovation

JUNE 29, 2022

Analytics software company SAS has completed its acquisition of risk management company Kamakura Corporation, the companies announced Monday. Hawaii-based Kamakura creates data and software solutions for banks and banking enterprises, with a focus on risk management. Terms of the deal were not disclosed.

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Risk Management Hawaii Management Company 52

Perficient

MAY 27, 2022

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Central Bank Digital Currency (CBDC) ).

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cryptocurrency Regulation Management Bitcoin 332

Celent Banking

DECEMBER 13, 2016

But the slew of banking regulatory requirements for third party risk management is proving to be complex, all-consuming and expensive for both institutions and the third parties involved. In a nutshell, institutions are liable for risk events of their third and extended parties and ecosystems.

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BankInovation

FEBRUARY 1, 2021

Forty-five percent of banks and other financial institutions are looking to automation technologies to help contain the expected rise in their risk management spend in the next two years.

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Risk Management Management Analytics Tools 75

BankInovation

OCTOBER 14, 2020

Less than a week before the bank’s third-quarter earnings call Tuesday, the OCC and Federal Reserve Board had announced they were fining Citigroup $400 million for “significant ongoing deficiencies” in its risk management systems, a set of […].

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Risk Management Management Data System 91

South State Correspondent

APRIL 4, 2024

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

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Risk Management Community Bank Policies Community 195

Insights on Business

JUNE 11, 2019

Compared to traditional data centers, I believe that cloud computing has several characteristics that make it an attractive platform for risk management. First of all, the compute requirements for risk management can vary over time. weekly, monthly, or quarterly). In other words, you pay for what you use.

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Risk Management Management Examples Resources 87

BankInovation

MARCH 27, 2023

As business reconsiders their budgets this year, many are already taking extra cuts in 2023. We’ve already seen some layoffs at major banking and financial institutions, and if a recession happens, as firms such as BlackRock and JP Morgan have predicted, this will likely continue.

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Risk Management Management Marketing Security 52

Insights on Business

JANUARY 8, 2019

But what has this got to do with risk management I hear you ask? The more complicated technical term is superposition, but let’s not worry about it at this stage. IBM 50Q: An IBM cryostat wired for a 50 qubit system. Quantum computing is real, even if still in the infancy stage.

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Risk Management Management Course Big Data 107

The Paypers

AUGUST 28, 2020

Data Security Council of India (DSCI) and PayPal India have released a study report on Fraud & Risk Management in Digital Payments.

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Risk Management Fraud Management Report 69

Perficient

APRIL 11, 2023

In our experience, the control environment and the identification and evaluation of risks are often non-IT risks and are usually documented best via a series of facilitated workshops run by risk management professionals and involving professionals from the front, back, and middle offices.

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Risk Management Tools Exercises United States 275

Insights on Business

JULY 20, 2018

On July 16, Gartner published the 2018 Magic Quadrant for Integrated Risk Management and IBM was once again positioned in the leader’s quadrant for its OpenPages solution. It also ranks third highest in terms of estimated profitability margin. Wheeler, Jie Zhang, Earl Perkins.

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Risk Management Management Compliance New York City 96

PopularBank

MAY 8, 2020

By investing for retirement through your employer-sponsored plan, you are helping to manage a critically important financial risk: the chance that you will outlive your money. But choosing to participate is just one step in your financial risk management strategy. Following are steps to consider. As you think.

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Risk Management Management United States Strategy 72

CB Insights

OCTOBER 29, 2021

Hyperproof , an enterprise governance, compliance, and risk management technology provider, has raised $16.5M Seattle-based Hyperproof provides compliance solutions for continuous risk management across key industries, such as security tech, enterprise software, fintech, healthcare tech, and data communications.

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Risk Management Compliance Management Technology 63

Insights on Business

OCTOBER 11, 2018

IBM OpenPages is again in the Leader’s quadrant of the new 2018 Gartner Magic Quadrant for Integrated Risk Management (IRM). In May 2018, IBM proudly accepted two distinguished RegTech Awards – for “Best AI Solution for Regulatory Compliance” and “Best Regulatory Alert Management Solution”. Wheeler, Jie Zhang, Earl Perkins.

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Risk Management Management Compliance Innovation 70

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. .

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Risk Management Mobile Management Compliance 52

Insights on Business

JULY 30, 2019

The offering is built on the IBM Workspace Analyzer platform, an in-memory platform that aggregates and manages data across multiple sources in real-time. Explore these ideas in more depth in the IBM white paper A new era of technology-enabled financial risk management. Waiting will not work.

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Risk Management Analytics Technology Management 70

PYMNTS

DECEMBER 5, 2018

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

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Security Fintech Risk Management Strategy 192

Insights on Business

NOVEMBER 28, 2018

While other industries are moving beyond the use of the internet as a communications channel and deploying business applications on the cloud, most of the core banking applications still run inside company-owned and managed data centers. IBM is pioneering the development of cloud-based micro services for financial risk.

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Risk Management Innovation Management Resources 102

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Get more credit risk best practices.

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Analysis Industry Risk Management Lending 195

BankInovation

JUNE 9, 2021

Vinay Jha, chief data officer and executive vice president at Citizens Bank, will join a live Bank Automation News webinar for a panel discussion on automation and risk mitigation on Tuesday, June 14, at 11:30 a.m.

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Risk Management Data Management Strategy 95

FICO

APRIL 3, 2020

The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a recent conversation with Chris Wallace, Director of Cyber Risk, at T-Mobile. .

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Risk Management Mobile Management Compliance 52

PYMNTS

APRIL 26, 2017

Fundamentally, our approach to innovation is to deliver accurate and absolute visibility into an organization’s liquidity and provide the ability to securely deploy cash anywhere in the world. A: A payment is a payment — but the automation and control of how you manage and protect your payments is largely underestimated.

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Risk Management Management Innovation Resources 100

FICO

APRIL 10, 2019

As companies learn their FICO Cyber Risk Score, it raises the question: What are our recommendations for cyber risk management? Managing cyber risk is about managing behavioral risk and skills gaps, as well as technical flaws. Change that is not fully managed can lead to vulnerabilities.

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Risk Management Management Security Guidelines 40

PYMNTS

JANUARY 28, 2019

. “This report looks to identify and unpick the challenges, and opportunities, that companies are facing today as they manage risk and enhance their corporate value,” he said in a statement announcing the report. One-third of companies acknowledge their data security practices are sub-par.

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Management Risk Management Survey Security 145

Bobsguide

SEPTEMBER 28, 2017

Won, Founder and Managing Director, Global Risk Management Advisors, Inc. & Damian Handzy, Global Head of Risk, StatPro. On October 13, 2016, the US Securities and Exchange Commission (SEC) approved new and comprehensive rules to address liquidity risks for mutual funds.

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Risk Management Management Operations Report 60

Perficient

JANUARY 31, 2022

As soon as its risk management system discovered the attack, it suspended withdrawals across the platform, reimbursed customers who were affected, and “revamped and migrated to a completely new 2FA infrastructure,” according to the company statement. Information security is complex, never ending, and daunting.

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Security Risk Management Knowledge Base Customer Experience 294

BankInovation

MARCH 20, 2023

The collapse of Silicon Valley Bank presents an innovation opportunity for fintechs in treasury management as more bank clients look to multibank strategies to ensure security in their capital.

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Management Innovation Risk Management Strategy 52