Tag: operational risk

Different jurisdictions around the world are gearing up to implement Basel IV, each adopting a unique approach that considers local market conditions and regulatory frameworks.

Wealth management is not just about augmenting capital—it’s equally about safeguarding it. In an era where market fluctuations can be swift and severe, the essence of wealth management lies in its dual approach: growth and security. This balance is maintained through meticulous risk management strategies, which play a pivotal role in helping clients achieve their financial goals while minimizing potential risks.

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

Bengaluru-based IBSFINtech, which provides a corporate treasury management solution, has partnered with Thomson Reuters.The FinTech said it has partnered with Thomson Reuters to power...