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Anjani Kumar

Principal Consultant - FS Risk & Compliance

Infosys Limited

Member since

15 Dec 2011

Location

Pune

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Anjani's opinions

Managing Climate Change Risks: Key Actions for Financial Institutions

“Every company, investor, & bank that screens new & existing investments for climate risk is simply being pragmatic” - Jim Yong Kim (Former President, World Bank) As per Prudential Regulation Authority (PRA) findings from a 2018 survey of UK banking sector, even as 70% of the banks acknowledged that climate change present financial risks, ...

16 April 2020 /sustainable Financial Risk Management

Why financial institutions must heed the climate change risks?

"If you really think that the environment is less important than the economy, try holding your breath while you count your money." – Dr. Guy R. McPherson (award-winning scientist, professor emeritus at University of Arizona, and world’s leading authority on climate change) Climate change has become the key global challenge of our times, ...

16 March 2020 /sustainable Financial Risk Management

Key Ingredients for Implementing Successful Holistic Trade Surveillance

In an earlier article, I had explained why there is a need for financial institutions (FIs) to implement holistic trade surveillance. However, implementing it is easier said than done. FIs need to think strategically and take note of certain key ingredients in order to make their holistic trade surveillance implementation a success. What is holi...

19 June 2019 /regulation Trends in Financial Services

Why there is need for Holistic Trade Surveillance?

If we think trade abuse and market manipulation is generally passé and that financial institutions (FIs) should no longer worry about rogue trading activities such as those perpetrated in the past by the likes of Nick Leeson, Jérôme Kerviel, Toshihide Iguchi, John Rusnak and Yasuo Hamanaka, we need to think again! The reality is that still today r...

27 May 2019 /regulation

AI and ML in Financial Services Compliance Management: Use Cases for FIs

“Nobody phrases it this way, but I think that artificial intelligence is almost a humanities discipline. It's really an attempt to understand human intelligence and human cognition.” — Sebastian Thrun (innovator, computer scientist, and chairman & co-founder of Udacity) In an earlier article, where I had shared insights on artificial intelli...

27 September 2018 /ai /regulation

AI and ML in Financial Services Compliance Management: Use Cases for the Regulators

“The real question is, when will we draft an artificial intelligence bill of rights? What will that consist of? And who will get to decide that?” — Gray Scott (futurist, techno-philosopher and amongst the world's leading experts in emerging technologies) In recent times, much has been written about and debated upon by industry and technology expert...

28 August 2018 /ai /regulation

AnaCredit - Implementation challenges and lessons for the future stages

Background AnaCredit (analytical credit dataset) is a three-stage project that was launched by the European Central Bank (ECB). In April 2014, ECB had announced the establishment of a central credit register that would be updated with granular credit (individual loan level), counterparty, and credit risk/exposure data of all of the credit institut...

20 June 2018 /regulation Banking Regulations

Why regulatory reporting continues to be an Achilles’ heel for FIs?

In response to the 2008 global financial crisis (GFC), financial institutions (FIs) perforce had to undertake numerous corrective actions for restoring their credibility. Transforming their regulatory reporting practices was one such remedial action undertaken by FIs. Unfortunately, in spite of their earnest efforts over the past several years in ...

13 March 2018 /regulation

To truly transform KYC and AML operations adopt AI and ML...

In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to their current Know Your Customer (KYC) and Anti-Money Laundering (AML) operations. In order to overcome these considerable and lingering challenges, it h...

11 September 2017 /ai /regulation Banking Architecture

The unquenched longing for a transformed KYC and AML solution

As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amounts to USD 800 billion – USD 2 trillion. Unsurprisingly then, governments and policy makers across the globe have been concerned with the rampant mena...

05 September 2017 /ai /regulation Banking Architecture