UK banks' IT spending to increase - CBI/PwC Report
March 30, 2015 - Banks' spending priorities for the next year are focused on improving IT infrastructure and cyber security. Banks are also building new digital platforms to remain competitive and respond to changing customer needs, according to the survey.
Astoria Bank rolls out Wolters Kluwer risk and performance management tech
March 30, 2015 - Wolters Kluwer Financial Services, a provider of comprehensive risk, compliance, finance, and audit solutions and services, announced today that Astoria Bank, based in Long Island, N.Y., has implemented many of the company's leading risk and performance management solutions. These include the company's ALM, stress testing, and credit risk and financial analysis technologies.
Europe sets the pace as fintech investment triples in 2014
March 26, 2015 - Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.
Rsam Raises $32 Million Strategic Growth Investment from JMI Equity
March 24, 2015 - Rsam, the market leader and fastest time-to-value provider of Governance, Risk and Compliance (GRC) solutions, today announced the completion of a $32 million strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies.
Julius Baer chooses AxiomSL for group-level and Swiss entity Basel III reporting and Swiss statistical reporting
March 16, 2015 - AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that Julius Baer, the leading Swiss private banking group, has chosen AxiomSL's strategic platform to automate its group-level and Swiss entity Basel III calculations and reporting, as well as its group-level and Swiss entity statistical reporting. This expands on Julius Baer's ongoing use of AxiomSL for financial reporting in Hong Kong and Singapore.
ISITC 2015 Survey Reveals Financial Industry Focus on Managing Operational Risk
March 13, 2015 - ISITC (The International Securities Association for Institutional Trade Communication), the industry trade group focused on standards in transaction processing and related communications, today announced the results of its annual member survey which examines perspectives on the financial services industry's progress and focus for the year.
Investment Banks Must Implement Conduct Risk Strategies
March 9, 2015 - Investment banks globally must begin implementing measures to offset the risk that they could be fined by regional or global regulators for employee misconduct, according to a new research report from GreySpark Partners, a capital markets consulting firm. These risks also extend to regulatory fines and legal costs resulting from organisational misconduct ranging from illegal trading activities to corruption and other forms of illegal or scandalous behaviour. The GreySpark report, Best Practices in Conduct Risk 2015, explains what banks can do to offset threats to profitability related to a growing emphasis on conduct breaches and employee behaviour following the financial crisis.
SAS names Troy Haines to head up new risk research division
February 23, 2015 - Business analytics leader SAS has appointed Troy Haines to head its newly formed Risk Research and Quantitative Solutions division. As Senior Vice President, Haines will direct strategy, research and product management of risk management initiatives across the globe.
