Tag: operational risk

Financial institutions continue to underestimate how often they breach global tax reporting rules, with many repeating the same errors every year without realising. In a...

Continuous, formerly SMA Technologies, has bought Sycorr, a provider of identity and access management software for banks and credit unions.

Selecting the right AI solution for financial crime prevention is a critical decision for compliance and risk leaders—one that can significantly impact regulatory adherence,...

A seemingly minor technical hiccup can erupt into a full-blown ESG crisis within hours in today’s hyper-connected environment. One Friday evening, a brief payment...

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...