Risk Management
Digital account opening critical for financial institutions - ID Analytics
September 16, 2015 - ID Analytics, LLC, a leader in consumer risk management, sponsored a study with Javelin to explore the fundamental shift to digital account opening, and the challenges facing financial institutions as they seek to fulfil consumer expectations.
The majority of banks are not able to forecast regulatory metrics
September 10, 2015 - MORS Software today published the results of its 5th Annual Liquidity Risk Management Survey carried out between May and July 2015. The survey results show the regulatory reporting pressure as the main driver for developing intra-day liquidity risk management in banks, and at the same time shows that development projects are still underway.
RiskIQ uncovers ‘app attack’ threat to high street brands
June 16, 2015 - New research from RiskIQ, the Digital Footprint Security company, highlights the risks posed to UK organisation's and their customers from unauthorised or fraudulent mobile apps and unauthorised app stores. Companies spanning retailers, travel companies, media & entertainment, gambling firms and banks have far more mobile apps owned by them or referencing their brand than they are aware of, many of which come from a new breed of hacker intent on compromising their digital assets and putting their customers at risk.
Cyber security number one risk to financial markets - DTCC survey
May 13, 2015 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that almost half of the respondents (46%) in its most recent Systemic Risk Barometer Study cited cyber security as their top concern and 80% of respondents rated it as a top 5 risk overall.
SEB Implements Axioma Risk™ As Its Global Enterprise - Wide Risk Management Platform
August 11, 2015 - Axioma announced today that Skandinaviska Enskilda Banken AB (SEB), one of the largest financial institutions in northern Europe with more than €180 billion in assets under management, has completed the implementation of Axioma Risk, the innovative multi-asset class risk-management platform launched by Axioma in 2013.
Trillions of assets still managed on outdated legacy systems finds SimCorp report
May 28, 2015 - SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today published a report, Legacy systems: The elephant in the room. Why investment management firms need to tackle the issue head-on, which presents new findings from analysts and industry experts showing the investment management industry's continued over-reliance on technology that is not fit for purpose.
BNY Mellon Achieves Significant Milestone in Tri-Party Repo Risk Reduction Initiative
May 11, 2015 - $1.44 trillion or 97% reduction in intraday credit achieved in cooperative effort with clients and other market participants.
FFIEC releases cybersecurity assessment tool
July 2, 2015 - The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released a Cybersecurity Assessment Tool (Assessment) to help institutions identify their risks and assess their cybersecurity preparedness.
Bank tech and data failing to keep pace with regulatory demands
May 18, 2015 - With regulators around the world hammering away at banks' risk management, culture, and incentive compensation efforts, a new survey by Deloitte Touche Tohmatsu Limited (Deloitte Global) finds that financial institutions have a great deal more work to do on this front to meet heightened regulatory expectations — especially at the top of the house.
80% believe T+2 to become standard within 10 years - Omgeo study
April 27, 2015 - A comprehensive study published by Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency, reveals that 80% of respondents believe T+2 will become the global standard for settlement cycles within 10 years.
Chartis Places OpenLink as a Category Leader in Buy-Side Risk Management Technology RiskTech Quadrant® 2015
June 24, 2015 - OpenLink, the global leader in trading and risk management solutions to the financial services, corporate, energy, and commodities industries, today announced its position as a category leader for Buy-Side Risk Management Technology in the latest Chartis RiskTech Quadrant®.
FS firms to up risk management investment to fight growing cyber security risks - Accenture
May 13, 2015 - Nearly nine in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud, according to a new report from Accenture (NYSE: ACN).
Acuity launches latest version of its STREAM Integrated Risk Manager GRC solution
April 21, 2015 - With businesses facing increasing pressure from customers, regulators and auditors to demonstrate better compliance, manage operational risk and provide assurance, Acuity has announced a new release of its popular STREAM Integrated Risk Manager software. STREAM Version 4 provides users with a more configurable, scalable and easier-to-use approach to Governance, Risk and Compliance (GRC) and delivers improved visibility and control over business risks.