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 130

Banking Out-Tasking Service Automation 130

McKinsey & Company

MAY 24, 2022

If banks reimagine and modernize their business-lending processes, they can take advantage of new opportunities with SMEs and capture more of the forecast growth.

Banking 29

Banking Risk Management Risk Management Management 29

McKinsey & Company

FEBRUARY 27, 2025

In both the European Union and globally, the new supervisory expectations for credit spread risk in the banking book pose a clear challenge for bank treasury and risk functions.

Banking 64

Banking Risk Management Risk Management Management 64

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].

Risk Management 189

Risk Management Risk Management Banking Sales 189

Everest Group

MARCH 19, 2024

By partnering with IT and technology services providers, banks and financial institutions can prepare for the new T+1 settlement. This security trade rule change to shorten the order finalization date by a day is expected to enhance operational efficiencies and reduce risk.

Banking 162

Banking Service Streamline Operations Risk Management 162

Redial

JULY 13, 2023

Is no news that the banking and finance industry ae facing some constant needs to adapt and continue to offer modern solutions. Staying ahead of the curve is crucial for banks and financial institutions to remain competitive, as clients, rightfully so, don’t forgive bad experiences, especially in terms of their money.

Banking 100

Banking Cybersecurity Advisory Nearshoring 100

McKinsey & 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.

Banking 105

Banking Management Risk Management Risk Management 105

Automation Anywhere

APRIL 27, 2022

The lines between banks and banking are blurring more and more. Traditional banking and financial services firms have been slow to react. Traditional banking and financial services firms have been slow to react. Successful banking process improvement requires placing equal importance on internal and external forces.

Banking 98

Banking Robotics Process Automation Automation Efficiency 98

McKinsey & Company

JUNE 30, 2021

Banks are beginning to put in place a new approach to risk and compliance that accelerates their digital transformations and improves outcomes.

Banking 126

Banking Risk Management Risk Management Cybersecurity 126

McKinsey & 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.

Risk Management 121

Risk Management Risk Management Management Banking 121

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.

Risk Management 69

Risk Management Risk Management Management Regulations 69

McKinsey & 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.

Risk Management 81

Risk Management Risk Management Management Banking 81

Everest Group

FEBRUARY 22, 2024

Financial institutions’ reliance on information and communication technologies (ICT) for core operations brings immense opportunities in today’s digital world but also exposes banks, investment firms, insurers, and other financial entities to significant cyber threats and operational risks.

Regulations 147

Regulations Service Cybersecurity Risk Management 147

Everest Group

MAY 24, 2024

Next, they need to take inventory of existing AI assets like models, tools, and systems, classifying each into the four risk categories outlined by the Act. Crucially, a cross-functional team should be formed to oversee AI risk management, drive compliance efforts, and execute mitigation plans across the organization.

Service 162

Service Risk Management Risk Management Cybersecurity 162

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.

Risk Management 76

Risk Management Risk Management Outsourcing Management 76

McKinsey & 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.

Risk Management 115

Risk Management Risk Management Banking Management 115

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?

Risk Management 59

Risk Management Risk Management Management Government 59

McKinsey & 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.

Banking 98

Banking Regulations Risk Management Risk Management 98

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.

Banking 70

Banking Government Risk Management Risk Management 70

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.

Banking 130

Banking Risk Management Risk Management Management 130

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.

Risk Management 59

Risk Management Risk Management Management Government 59

McKinsey & Company

DECEMBER 5, 2023

Setting up gen AI pilots is easy; scaling them to capture material value is hard. A recipe for success is emerging.

Banking 145

Banking Risk Management Risk Management Management 145

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.

Banking 69

Banking Accounting Regulations Government 69

Everest Group

MARCH 31, 2023

UBS’ takeover of longtime rival Credit Suisse in a rushed, deeply discounted deal has reverberations across the banking and financial services (BFS) IT services market and on service providers. While the deal was made to prevent further meltdowns and stabilize the banking industry, risks of further blight spreading exist.

Banking 130

Banking Marketing Service Insurance 130

Perficient Digital Transformation

OCTOBER 24, 2024

The impacts of AI on consumers, banks, nonbank financial institutions, and the financial system’s stability are all concerns to be investigated and potentially addressed by regulators. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach.

Regulations 52

Regulations Service Banking Cybersecurity 52

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.

Banking 52

Banking Management Risk Management Risk Management 52

Everest Group

NOVEMBER 16, 2022

Global Business Services (GBS) organizations have a big opportunity to champion Environment, Social, and Governance (ESG) in banking and financial services (BFS) institutions. Capital market firms are embracing green underwriting, while asset and wealth managers are steadily moving toward ESG investing.

Sourcing 130

Sourcing Banking Global Business Services Out-Tasking 130

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.

Banking 64

Banking Regulations Risk Management Risk Management 64

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?

Banking 52

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.

Risk Management 52

Risk Management Risk Management Management Banking 52

Everest Group

JULY 17, 2024

With this approach, we can strategize effectively, choosing paths that optimize financial gains, enhance social impact, or minimize risks. As financial intermediaries and risk managers, insurers have a unique ability to drive and support sustainable practices across different industries and communities.

Insurance 173

Insurance Risk Management Risk Management Regulations 173

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.

Banking 52

Banking Risk Management Risk Management Collaborations 52

Everest Group

MAY 21, 2024

Watch the webinar, Transforming to Thrive: Building Winning Operating Models Amid Disruption Across Industries , to learn about trends impacting enterprises across industries, such as healthcare, life sciences, insurance, and banking and financial services?

Insurance 162

Insurance Outsourcing Flexibility Risk Management 162

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.

Automation 64

Automation Banking Retail Risk Management 64

Everest Group

APRIL 16, 2024

This could exacerbate social inequality and unrest Impact on relations with China : This proposed move brings to light a crucial but often neglected concern regarding the continuity of the currency swap line between the Central Bank of the Argentine Republic (BCRA) and The People’s Bank of China (PBOC).

Banking 162

Banking Government Jobbing Risk Management 162

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.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

Everest Group

MARCH 31, 2022

The Russian military action in Ukraine has already significantly impacted thousands of services jobs in this region, but the potential reverberations to nearshore European countries and the larger global services industry could be far more damaging – making it essential to integrate geopolitical risk management in your decision-making now.

Risk Management 130

Risk Management Risk Management Nearshoring Cybersecurity 130