Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Alex Robinson Fraud Analytics at TSB

UK Fraud Epidemic is Everybody’s Problem but Nobody’s Priority

In the UK, fraud accounts for more than 50% of reported crime; yet less than 1% of police time is spent investigating it. Several weeks ago, I wrote an article about the UK fraud epidemic, based on a BBC article and think tank report. The overall conclusion was that fraud was not being taken seriously by UK government and law enforcement, and tha...

15 April 2021 /payments /crime

Alistair Catto Managing Director at Beyond

Key takeaways: Moving from periodic review to Perpetual KYC

I recently co-hosted an industry workshop with Arachnys, a KYC and AML data specialist, exploring the potential benefits and challenges associated with adopting Perpetual KYC. Limited to just 20 participants, we were joined by representatives from several leading banks and asset managers including, Goldman Sachs, Investec, HSBC, Morgan Stanley and...

23 March 2021 /regulation /crime

Retired Member 

The Crisis that helped the launderers!

The Covid crisis has been challenging one for all of us, it has presented with opportunities for both good and bad. The pandemic provided the necessary impetus to drive the Digitalisation agenda within the banking sector, at the same time such a transformational agenda has helped criminals to benefit greatly. The business were directly impacted du...

18 March 2021 /regulation /crime

Thomas Pintelon Head of Strategy at Capilever

4 ways to improve financial fitness

Despite significant efforts by schools and media to give more attention to financial skills, the level of financial literacy in the general population remains low. Basic financial budget management appears very difficult for many people, let alone understanding more complex concepts like the correlation between risk and return, the need for divers...

17 March 2021 /wealth /inclusion

Thomas Pintelon Head of Strategy at Capilever

How banks and insurers increasingly push risks towards their customers

In past blogs we have raised awareness of the lack of tooling for clients to properly manage their finances and associated risks. Personal (PFM) and Business Finance Management (BFM) modules are being developed rapidly and keep getting better, but most of these are still limited to a reporting/dashboarding layer. This allows customers to get bette...

08 February 2021 /wealth

Thomas Pintelon Head of Strategy at Capilever

Improving traditional credit scoring with a forward-looking approach

Question: Do you know how much your total committed credit exposure is? Traditional credit registries In Belgium when a natural person requests a credit, banks and credit institutions are obliged to consult the central credit register (CKP/CCP) at the National Bank to obtain the existing credit exposure of the individual and check whether the ind...

06 January 2021 /retail

Retired Member 

ESG after COVID-19

ESG awareness has been growing slowly in the past decade, however in the past couple of years there has been a significant shift in the uptake of ESG investing, talks about the ESG philosophies and companies’ fiduciary duty to adopt ESG principles. There is still much more to be done and achieved, but today there is already a wider focus on ESG, ad...

22 December 2020 /sustainable /covid-19

Matt Neill Managing Director at Beyond

How to deliver successful KYC automation

The continued pressure to increase efficiencies within KYC and reduce the cost of compliance has resulted in ‘KYC automation’ becoming a hot topic for the industry. Clients often ask us what their priorities should be, who can help them with the process and what the best practices are for implementation. Here are the 7 key principles I normally sh...

14 December 2020 /regulation /crime

Nick Green Director at Purple Patch Broking Ltd

New horizons: Credit risk data in 2021

Nick Frazer | December 2020 Changing data usage and significantly increased portfolio risk posed great challenges for risk and procurement professionals during 2020. Now, as businesses reopen and we move into 2021, we will start to see credit providers shifting gears from firefighting to addressing the aftermath of COVID-19. 2021 is expected to se...

08 December 2020 /retail /predictions

Keith Stanton International Product Manager (Fraud & Risk) at FIS

Covid 19 and the effects on Fraud Prevention - Part 3 - Social Engineering

In my previous blog (click here) I detailed how the Fraud threat landscape for cards has changed significantly, with a reduction in card fraud in some of the major markets as consumers are spending less; and spending online rather than at bricks and mortar retail sites. But that doesn't mean the fraud levels are easing – as while payment fraud is ...

28 October 2020 /crime /covid-19