Risk Management
ICBC implements Pintec's risk product for SMEs
Source: Pintec
Pintec Technology Holdings Limited (Nasdaq: PT) (“Pintec” or the “Company”), a leading independent technology platform enabling financial services in China, today announced an update on its cooperation with Industrial and Commercial Bank of China (“ICBC” or the “Bank”). ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME clients.
KfW transforms risk management operations with FIS
Source: FIS
Financial technology leader FIS announced today that KfW, one of the largest banks in Germany, has successfully completed a multi-year project to transform its risk management operations using advanced technology from FIS.
ESRB warns cyber threats pose systemic risk
The possibility of a serious cyber incident poses a systemic risk to the financial system, with serious consequences for the real economy, warns a report from the European Systemic Risk Board (ESRB).
Canada puts security at top of open banking review
Canada's government is pushing ahead with a second phase of its open banking review, focusing on security issues surrounding the sharing of financial data with third parties.
ECB warns bank to guard against IT and cyber risk
The European Central Bank is reminding banks of their vulnerability to IT and cyber-risks during the current Coronavirus pandemic.
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
ProcessUnity Scores Highest in Gartner Review of IT Vendor Risk Management Software
In the newly published 2019 Critical Capabilities for IT Vendor Risk Management Tools, Gartner has given ProcessUnity the highest scores for two Vendor Risk Management use cases most requested by Gartner clients.
Aegean Baltic Bank of Greece chooses Wolters Kluwer for regulatory reporting and risk management
Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management as its integrated risk and regulatory reporting software solution, helping the bank to meet its Basel IV and CRD V obligations.
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
OCC lists cyber threats and emerging technologies in risk outlook
The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019.
Basel Committee takes climate-related risk stocktake
Many national regulators are already undertaking regulatory and supervisory initiatives on climate-related financial risks, according to a BIS report, although most have not yet factored the mitigation of such risks into the prudential capital framework.
FCA flags regulatory gaps and IT outages as key areas of focus
In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.
Financial firms struggling to assess risks of disruptive technologies - Accenture
The majority of UK financial firms do not believe they can adequately assess the risks of disruptive technologies, as technology advancements move faster than the skills of their risk managers, according to a new report by Accenture.