Category Archives: Banking and Financial Services Industry

Eluding Operational Risk Failures in Banks
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Eluding Operational Risk Failures in Banks

The solidity of banks and financial institutions was tested in the financial crisis of 2003 and 2008. The best of banks were shown to have poor governance frameworks, overlooked internal controls and had a lack of adequate monitoring of loss exposures. Although the core reason of the crisis was liquidity risk and credit risk, a […]

Are You Ready for the Predictive Analytics Revolution?
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Are You Ready for the Predictive Analytics Revolution?

Organizations face mounting pressure to improve operational efficiency, and drive business performance and profitability. Volatile economies, evolving regulatory frameworks, and threat agents that penetrate sophisticated detection tools demand more stringent measures. However, many organizations still rely on traditional and manual processes to manage risks, monitor fraudulent transactions, and investigate incidents that have the potential to […]

Basel IV: The Next Step for Capital Requirements
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Basel IV: The Next Step for Capital Requirements

Basel IV will certainly have operational impacts on the day-to-day governance and risk management of financial institutions – but it also stands to have a wider impact on the competitive banking market. These effects could include industry consolidation and a change in banking portfolios, which could eventually lead to a reduction in choice for their […]

How to Cross-Sell Compliance to Your Sales Managers
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How to Cross-Sell Compliance to Your Sales Managers

The story of Wells Fargo’s cross-selling compliance failure, reminds me of the huge fine that HSBC received in 2012 for mis-selling— over $3 billion.  Wells Fargo’s $185 million fine for poor cross-selling practices pales in comparison – but still “ouch!”  Even worse and more costly could be the reputation damage — Wells Fargo styles itself as the […]

The Third Wave Of Technology Transformation For Banking And Financial Services
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The Third Wave Of Technology Transformation For Banking And Financial Services

Banking and Financial Services industry is undergoing a strategic shift with the advent of disruptive technologies such as Fintech, Blockchain, and IoT which are challenging the established technology based banking models. This may be the third wave of technology transformation to reshape the modern financial institutions around the world, the first two being ‘computerization’, which […]

5 Steps To Stay Ahead Of Regulatory Change
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5 Steps To Stay Ahead Of Regulatory Change

Banking and Financial Services Institutions across the globe are struggling to keep pace with regulatory change, and, quite often, grappling with the sheer volume and the complexity of these updates can be a laborious, up-hill battle. According to a survey by MetricStream which polled the responses of 123 compliance professionals across North America & Europe, […]