The Global Small Business Blog

MAY 10, 2022

What to expect from the wegginar: Gain knowledge of exchange rates Recognize the main causes of FX volatility Learn how to invoice your client in their local currency Increase your margins by paying or selling in local currencies Understand your FX risk management options To learn more and to register (n/c), visit: [link].

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Risk Management Risk Management Banking Sales 164

Risk Guide

NOVEMBER 5, 2022

By Horst Simon, The Risk Culture Builder. Bank regulators have been on a “capital charge”-path for a very long time. No capital charge can be a buffer for bad management of risk. History showed us that sometimes ALL the capital is not enough to save the bank from a risk event gone wrong.

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Risk Management Risk Management Management Regulations 69

SIG Speaks

MAY 4, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate William Chanto Castro shares the tricks to overcoming the obstacles to meeting risk regulations and requirements. MAS, 2016, p.9). The C3PRMP program was created by Linda Tuck Chapman, an advisor, educator, author and expert.

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Risk Management Risk Management Outsourcing Management 76

Risk Guide

SEPTEMBER 7, 2022

Views from Risk Professionals across the world. During the recording of “Risk Managers Getting Coffee” which can be found on YouTube HERE as well as on our website here , a few discussions came up with a recurring theme. One was the question of what makes a great risk manager. Are there examples?

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Risk Management Risk Management Management Government 59

IBM Services

APRIL 20, 2023

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

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Risk Guide

NOVEMBER 15, 2020

By Horst Simon, The Risk Culture Builder. Maybe the time has come to finally take the people side out of Risk Management—let us change the Basle definition and say Operational Risk is just systems, processes and external events, that is anyway the perception that was followed by most in the world.

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Risk Management Risk Management Management Government 59

Forrester Digital Transformation

MARCH 22, 2023

Poor risk management practices, a questionable corporate culture, and a long series of scandals created an explosive mix that led to Credit Suisse’s collapse and consequent acquisition by rival UBS.

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Banking Risk Management Risk Management Management 130

McKinsey and Company

MARCH 28, 2023

By focusing on six key areas, banks can more accurately manage rising interest rates and credit spread risk across business lines, meet regulatory demands, and create competitive advantage.

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Banking Management Risk Management Risk Management 78

Perficient Digital Transformation

APRIL 8, 2024

A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. To bolster its capabilities and ensure compliance, the bank sought assistance from Perficient in delivering exceptional project and program management services to tackle their significant hurdles.

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Banking Management Government Risk Management 52

Perficient Digital Transformation

SEPTEMBER 16, 2022

Additionally, the Supervisory Letter states that Board-supervised banking organizations should notify the Board prior to engaging in crypto-asset-related activities. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. Financial risk. Legal risk.

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Banking Regulations Risk Management Risk Management 64

McKinsey and Company

MARCH 9, 2022

Organizations this year plan to enhance their MRM framework capabilities—including risk culture, standards, and procedures—and to upgrade their validation resources with MRM 2.0 firmly on the agenda.

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Risk Management Risk Management Management Banking 81

Perficient Digital Transformation

MAY 30, 2024

Our banking risk and regulatory experts are excited to attend the upcoming XLoD Global event in New York on June 11th. The world’s leading financial institutions and regulators come together at XLoD to discuss the future of non-financial risk and control. What is XLoD Global?

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Banking Risk Management Risk Management Regulations 52

Risk Guide

FEBRUARY 7, 2022

Volumes have been written on the cause of the crisis the world is in, surveys have been done and many fingers are pointing in every direction—a couple of these are pointing straight at us, the Risk Professionals. It is time to renovate risk management. The basic Risk Management process cycle is one of those.

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Risk Management Risk Management Management Banking 52

Zinnov

NOVEMBER 23, 2022

While the world tried to recover from the slowdown, a new predicament posed as a challenge to the Banking industry – new-age Fintech firms. The steady and quick rise of Fintech firms in the world has shaken the presence and role of conventional banking. Banks collaborating and creating partnerships with Fintech is the way forward.

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Banking Risk Management Risk Management Collaborations 52

Everest Group

FEBRUARY 26, 2024

This deal holds the potential to significantly impact the banking and financial services (BFS) IT services market and providers. Read on to learn the looming risks and what to pay attention to. However, S&P predicts regional and community banks will be interested in mergers of equals this year. Capital One’s planned US$35.3

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Banking Risk Management Risk Management Marketing 59

Perficient Digital Transformation

FEBRUARY 27, 2023

Perficient is looking forward to joining this conversation with other financial services and payments experts at the upcoming Bank Automation Summit in Charlotte, North Carolina on March 2-3. With all this considered, key strategic topics like buy vs. build, risk, and operational readiness cannot be ignored.

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Banking Automation Retail Risk Management 64

Perficient Digital Transformation

DECEMBER 22, 2023

To help shed light on this matter, Perficient’s Financial Services Risk and Regulatory Center of Excellence (CoE) researched the topic extensively and discovered that the Office of the Comptroller of the Currency (OCC) has classified AI as an emerging risk to the banking industry.

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Banking Risk Management Risk Management Cybersecurity 52

McKinsey and Company

JANUARY 23, 2023

Climate models create significant risks and complexity. Model risk managers need a tailored approach to ensure they are fit for purpose.

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Risk Management Risk Management Management Banking 55

Perficient Digital Transformation

NOVEMBER 21, 2024

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule § 1033.121(c) supporting open banking and personal financial data rights. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data.

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Banking Accounting Regulations Engineering 52

inDinero

JULY 8, 2021

Any business loan or line of credit from a bank—brick-and-mortar or online—will carry more favorable terms if you have a decent business credit scor e. Lenders use your business credit score to determine how likely you are to repay your loan; the lower the score, the less attractive you are to a lender, especially banks.

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Banking Accounting Regulations Government 53

IBM Services

APRIL 18, 2023

Wire transfers are traditional bank-to-bank transfers that are typically processed in batches and can take a day to several days to complete. On the other hand, real-time payments are complete within a few seconds, allowing for the near-instantaneous transfer of funds between bank accounts.

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Banking Analytics Risk Management Risk Management 114

Perficient Digital Transformation

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator. The complete 60+ page guidance is available to readers here.

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Banking Management Regulations Risk Management 52

Perficient Digital Transformation

AUGUST 3, 2023

Risk Management , Anti-Money Laundering, & Fraud Protection Financial institutions invest heavily in security and risk management, but prevention and recovery progress are delayed by manual reporting and disparate systems.

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Risk Management Risk Management Service Insurance 19

Perficient Digital Transformation

AUGUST 16, 2023

Background On Friday, July 28, Heartland Tri-State Bank of Elkhart became the fourth U.S. bank to fail this year. A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. He was promoted to President and CEO in 2008.

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Banking Regulations Risk Management Risk Management 52

McKinsey and Company

FEBRUARY 28, 2022

As nonfinancial companies move from enterprise risk management to a resilience-based approach, their experience in nonfinancial risk can provide a model for banks.

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Risk Management Risk Management Banking Management 79

Everest Group

MARCH 16, 2023

With the recent banking implosion, the global financial services industry , technology companies, and service providers will be hit in different ways. Let’s explore the reverberations of these concerning banking trends. We believe this will start a domino effect impacting banking regulations, profitability, and technology spend.

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Banking Service Right-Sizing Risk Management 52

Perficient Digital Transformation

APRIL 18, 2024

Open Banking is going to do for the banking industry what the introduction of the Apple smart phone did for cell phones. What is Open Banking? Traditionally, banks hoarded financial data, sharing it sparingly on a need-to-know basis.

Banking 52

Banking Regulations Retail Accounting 52

Perficient Digital Transformation

AUGUST 4, 2024

For example, a bank can integrate its transaction processing system with Azure Machine Learning to instantly identify and flag suspicious activities, reducing fraud risk. Enhanced Risk Management Risk management is a critical aspect of financial services.

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Service Banking Risk Management Risk Management 110

SIG Speaks

DECEMBER 8, 2022

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Lois Peric shares the essential components for building a third-party risk management program. There are essential components when establishing a third-party risk management program in an organization where none exists.

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SIG Speaks

JUNE 6, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Shani Richards shares how this course has opened her eyes to the inherent risks associated with not having a solidified third-party risk management system in place. It was an absolute nightmare to deal with.

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Risk Management Risk Management Management Accounting 40

McKinsey and Company

APRIL 28, 2022

Sir Howard Davies discusses the ways regulations, interest rates, monetary policy, climate risk, and economic threats are affecting the resilience of the banking system.

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Banking Regulations Risk Management Risk Management 62

Everest Group

OCTOBER 4, 2024

What does it mean for the banking and financial services industry? Beyond trading, agentic AI could enhance risk management by autonomously identifying potential market disruptions or regulatory changes and adjusting exposure accordingly.

Banking 52

Banking Out-Tasking Service Automation 52

McKinsey and Company

OCTOBER 22, 2021

KYC programs are key in banks’ customer gain and retention, but their results aren’t optimal, despite technology and operations spend. Improving five KYC areas can generate substantial business value.

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Banking Risk Management Risk Management Management 118

IBM Business Partners

JULY 31, 2023

The world’s biggest modernization challenges are concentrated in the banking industry. Before the internet and cloud computing , and before smartphones and mobile apps, banks were shuttling payments through massive electronic settlement gateways and operating mainframes as systems of record.

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Banking Service Analytics Risk Management 50

Risk Guide

SEPTEMBER 2, 2022

Alexander highlights an excellent example from Pakistan of strong and positive leadership that can only improve risk culture. For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: [link]. We also discuss the potential wider ripple effects of the war on the world economy.

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Government Risk Management Risk Management Banking 78

IBM Services

OCTOBER 23, 2023

1] Managing complex business operations across a hybrid multicloud environment presents leaders with unique challenges, not least of which are cyberthreats that can bring essential business functions to a halt—potentially for days, weeks or months. The cost of a data breach at organizations with high levels of noncompliance is 12.6%

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Risk Management Risk Management Regulations Banking 89

Risk Guide

AUGUST 12, 2022

By Liz Booth for Commercial Risk. A leading Ukrainian risk manager has told Commercial Risk Europe about some of the biggest challenges facing his profession as the Russian invasion continues. We had been buying cover for all eventualities and it is now paying off ,” said the risk manager. “ in the future.

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