Breana Patel- Bonova Advisory
Breana Patel
Accolade: Blog group founder

Breana Patel

CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
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Bio Founder of Bonova Advisory a management consulting firm that helps Financial services and government agencies navigate today's most complex regulatory, risk and operational environments. Career History Strong leadership experience within banks and Financial services. An expert in regulations across North Americas, Europe and APAC. Adept at setting up governance and ERM framework for SIFIs. Advisor to banks for integrating Fintech products and innovations into bank models


Innovation in Financial Services

Covid 19 and Future of Regtech

22 May 2020

The use of specialized tech to help financial institutions meet heightened regulatory requirements — a.k.a. regtech — is poised to continue taking off this year. Given the uncertainty surrounding COVID-19, the rate of adaptation is, like much else, unclear. Institutions may have to scramble while focusing on the immediate fallout of the pandemic, ...

Innovation in Financial Services

How To Improve Risk Management Processes In The First Line Of Defense For Large Banks

17 Mar 2020

The Three Lines of Defense model, abbreviated as 3LOD, is a modern tool for enterprise risk management that has shifted corporate philosophy. This model creates an environment where everyone in an organization is encouraged to work in tandem to manage risk and achieve the company’s goals. The Three Lines of Defense model is comprised of: • The fir...

Financial Risk Management

How Lenders Can Reduce Compliance Risk For Unfair, Deceptive Or Abusive Practices UDAAP

02 Dec 2019

The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...

Digital Banking, Mortgages and Savings

Bigger Banks are here to stay

15 Aug 2019

Banking Is More Than Software Disruption is the current name of the game. The promise is it will upturn any economic sector that’s not sufficiently hip to the new ways of doing business. In some cases that has certainly been true. Uber has taken its toll on traditional taxicab companies. Airbnb has altered the hotel and bed-and-breakfast sectors. ...