22 February 2018

Breana Patel- Bonova Advisory

Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

How can Blockchain Help with AML KYC

12 February 2018  |  8685 views  |  3 comments | recommendations Recommends 1

BlockChain For AML/KYC How Blockchain Enhances Regulatory Reporting Financial institutions are racing to invest in technology that allows real-time reporting to adhere to regulatory rules set out by various agencies and The Federal Reserve Bank. This process includes compiling, tracking, and storing massive amounts of data to be parsed out and rep...

TagsBlockchainRisk & regulationGroupBusiness Knowledge for IT
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

Transparency in processes at Holistic level and Data Governance can help FIs meet MIFID II requireme

05 February 2018  |  7150 views  |  0 comments | recommendations Recommends 1

Data Governance Policies Need To Be Updated MiFID II is a new exhaustive financial regulation being implemented in Europe as of January 3rd. However, the sweeping legislation won’t only impact European banks. Even U.S. financial institutions are grappling with the changes as they race to implement the necessary changes globally. Also, current U.S. ...

TagsRisk & regulationTransaction bankingGroupFinancial Risk Management
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Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

FinTech, RegTech and SupTech

29 January 2018  |  11308 views  |  0 comments | recommendations Recommends 1

How FinTech And RegTech Are Transforming The Financial Industry FinTech is the application of new technologies by financial institutions to connect and better serve consumer and business customers. Fi...

TagsArtificial IntelligenceInnovationGroupInnovation in Financial Services
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

Risk of Misunderstanding Cyber Security

19 January 2018  |  7737 views  |  0 comments | recommendations Recommends 0

Risks of Misunderstanding Cyber Security The financial services sector has been through tremendous adversity since the Great Recession. Institutions have emerged from the financial crisis only to find...

TagsSecurityRisk & regulationGroupBusiness Knowledge for IT
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

How Suptech will revolutionize the Regulatory Watchdogs

27 November 2017  |  4590 views  |  0 comments | recommendations Recommends 0

Imagine a capital markets desk of a financial institution where a trader is about to press enter on the keyboard to initiate a market position when a message pops up on the computer screen from a regu...

TagsArtificial IntelligenceInnovationGroupFinancial Services Regulation
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

AI implementation in AML at HSBC sees a considerable reduction in compliance costs

16 November 2017  |  5390 views  |  0 comments | recommendations Recommends 0

Current AML Techniques In today’s world, we tend to combat money laundering efforts with regulation-based account surveillance and ordinary KYC systems, when in all honesty these techniques will not

TagsArtificial IntelligenceInnovationGroupFinancial Services Regulation
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

Stress Testing in Banks

15 November 2017  |  6158 views  |  0 comments | recommendations Recommends 0

Stress testing has been a much-favoured simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tes...

TagsRisk & regulationTransaction bankingGroupFinancial Services Regulation
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

Robotic Process Automation RPA in AML KYC

25 October 2017  |  4579 views  |  0 comments | recommendations Recommends 0

The cost of adhering to AML requirements for financial institutions is growing at an alarmingly rapid pace as employees race to stay abreast of the complex and dynamic regulatory landscape. RPA has em...

TagsArtificial IntelligenceRisk & regulationGroupBusiness Knowledge for IT
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

AML BSA compliance : Revised CDD rule

17 October 2017  |  8128 views  |  0 comments | recommendations Recommends 0

Background 11.5 million documents, a staggering number, were leaked from Panamanian law firm ‘Mossack Fonseca’ in 2015. The contents of these documents, mostly financial information about wealthy indi...

TagsRisk & regulationWholesale bankingGroupFinancial Services Regulation
Breana Patel
Breana PatelBonova Advisory | Risk &Regulatory Advisory - New York

CCAR : Current and Future trends

16 October 2017  |  7782 views  |  0 comments | recommendations Recommends 0

It’s been nearly a decade since the financial crisis of 2008. However, the Comprehensive Capital Analysis and Review continues to be an ever-evolving process. Trends for 2017 and 2018 show that the Fe...

TagsRisk & regulationTransaction bankingGroupFinancial Services Regulation
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