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.

Domile And Sustainable Finance, Impact Investing at Cyan Reef

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

Jesse Chenard CEO at MonetaGo

Brexit uncertainty creates the perfect conditions for trade fraud to rise. Technology has the answer

As Brexit’s final transition date edges closer, Britain’s businesses have warned that they are running out of time to make preparations for trade, should a no-deal be reached. At the same time, the government has warned that there will be a huge amount of red tape for businesses to contend with, whatever deal is struck. Put these factors of unce

26 October 2020 /startups /crime

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

Covid 19 and the effects on Fraud Prevention - Part 2 - Payments Fraud

As I outlined in my previous blog (click here to view), we have seen a rapid movement to card channel payments as cash usage has declined during the pandemic. In the UK, as early as April this year cash withdrawals had declined by 60% (according to the UK Government) - mainly due to a combination of people staying indoors and being unable to use ...

25 October 2020 /crime /covid-19

Amita Choudhary Marketing Manager at Princeton Growth Accelerator

Why Technology Will Be at the Forefront of Fighting Financial Crime

There’s been a lot of talk about the link between technology and the financial sector over the last couple of decades, and the synergy between the two is very obvious at this point. However, technology didn’t just make things easier – it also introduced some new problems. Thankfully, it’s also shaping up as the main answer to the big questions loo...

17 October 2020 /crime

Adam Holden Chief Executive Officer at NorthRow

7 Barriers to Delivering Efficient KYC Remediation

Due to time, cost and loss of productivity required to deliver a KYC remediation project, many firms delay activity or avoid the challenge altogether until the regulator comes to call. However, with the current market volatility and increasing levels of financial crime, sitting on a back-book of inaccurate or out-dated client data will expose your...

05 October 2020 /regulation

Thomas Pintelon Head of Strategy at Capilever

Credit scoring - Art or science?

Financial services companies offering credits need to assess the risk they are taking when accepting a credit. This mainly consists of determining the probability that the borrower will not repay the credit, and the amount of money that will be lost in that case. Usually this risk is expressed by respectively the Probability of Default (PD) and the...

16 September 2020 /retail /inclusion

Adam Krug CLM Ambassador at Pegasystems

Is Straight Through Processing the silver bullet for reducing false positives?

“How can we reduce false positives?” is the million-dollar question facing the banking industry. Costly and potentially harmful from a customer service perspective when a legitimate account is frozen unnecessarily, the silver bullet is yet to be found. But this problem lies in the very nature of fraud detection engines used during the KYC process –...

11 September 2020 /regulation /crime