Operational risk

424 articles tagged with this keyword

/sustainable

Sustainable Finance.Live 2025 comes to a catalytic close

Charlotte O’Leary, CEO, Pensions for Purpose, brought Sustainable Finance.Live 2025 to a close with a passionate keynote on the underutilised role of pensions in the sustainability conversation - and spoke to a new, catalytic era.

/ai

Adopting New Technologies: Why Resilience and Reliability Matter Most of All

Speaking to FinextraTV at SBS Summit 2025 in Paris, Ragnhildur Geirsdóttir, CEO, Reiknistofa Bankanna (RB) explained how, regardless of the human aspect within technology adoption, the most important guarantee is resiliency and reliability. While it is important to still retain human touchpoints within technical processes and AI integration, she says development should be focused on the security and agility of systems in the face of unpredictable situations such as geopolitical frictions. As part of this focus, Geirsdóttir said it is more important to collaborate against rising external risks, such as intelligent fraud.

/crime

From False Positives to Faster Payments: The Case for Smarter Screening

At Sibos 2025 in Frankfurt, David White, Global Head of Product and Data, Risk Intelligence, LSEG discussed findings from the report Operating at the Speed of Crime, which highlights the urgent need for real-time risk intelligence in financial services. Surveying over 850 professionals, the report revealed widespread delays in payments and onboarding, high false positive rates, and overwhelming support for real-time data to improve compliance. White emphasised that poor data quality undermines AI-driven automation and screening, especially as regulators demand faster, more accurate responses. He also noted regional differences in adoption, with the EU leading on instant payments and real-time screening, while APAC and North America face distinct infrastructure and regulatory challenges. His recommendation: prioritise data quality, transparency, and collaborative AI strategies to stay ahead of evolving threats.

/cloud

MS Azure outage raises questions over cloud dependencies

The spotlight has once again been shone on the prominent role played by a small number of cloud computing providers after an outage suffered by Microsoft's Azure platform

/Sibos

Why Breaking Data Silos Is the First Step to Smarter Risk Decisioning

At Sibos 2025 in Frankfurt, Ed Metzger, Vice President, Platforms and Payments Efficiency, LexisNexis Risk Solutions addressed the growing challenge of data silos in financial institutions, emphasising the need for a customer-centric view across the entire lifecycle, from onboarding to risk decisioning. He advocated for orchestrated, end-to-end data strategies that unify identity, transaction, and behavioural insights to improve operational resilience and reduce risk. Metzger highlighted the importance of proactive risk management, especially in the age of deepfakes, and pointed to measurable outcomes like improved straight-through processing rates as key indicators of success.

/sustainable

Geospatial Analytics and AI: Actionable Intelligence Into African Water Risks

A year on from their Established Category win at the SF.Live Hackathon, Rochelle Mountany, CEO, AfriGIS and Helen Hulett, Chief Sustainabilty Officer, AfriGIS discussed the use of geospatial insights and AI with Richard Peers, Founder, ResponsibleRisk. Mountany explained how challenges like the Hackathon allow companies to test their teams and products in an environment where there is no threat of failure. Speaking to the evolution of geospatial solutions, Hulett described how these have helped asses water risks within Africa, stating that one of the biggest risks in Africa is how the water has been governed and managed on the ground. Hulett further explained how the financial sector is keen to invest in this sector, but don't understand enough about the issues and risks involved.

/regulation

Regulator warns Australian banks on technology risks

Australian banks and their internal audit teams need to pay more attention to the risks posed by legacy technology and an over reliance on a select number of cloud providers, according to the industry's watchdog.

/Operational risk

Modernising liquidity management for real-time banking

116 downloads

/people

UBS reshuffles top ops roles

Swiss bank UBS has announced a series of changes to its executive team including a reshuffle of its operations and technology roles.

/crime

Why Fraud Solutions Now Require the Power of a Consortium

Joining the Sibos 2025 FinextraTV Studio, Mauriceo Castanheiro, Head of International Payments Fraud, Nasdaq Verafin, helped to share the true scope of modern fraud concerns. As frauds and scam become smarter and less detectable, Castanheiro explains how it cannot be solved at an individual level anymore and instead requires the power of a dedicated consortium of professionals.

/cloud

Banks come back online after AWS outage

UK banks' online services are beginning to recover after a problem with Amazon Web Services (AWS) caused widespread outages across several apps and websites.

/cloud

AWS outage hits UK banks' online services

Lloyds Bank, Halifax and Bank of Scotland have seen their online services go down following an outage at Amazon Web Services (AWS).

/ai

BoE issues warning over potential AI bubble

UK investors should prepare for the possibility of a sharp correction in the value of UK stocks due to falsely inflated valuations for AI companies, according to the Bank of England.

/ai

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

/Operational risk

The Future of Cross Border Payments 2026: Strategies for Success

786 downloads

/ai

How AI Can Reduce Decision Fatigue for Asset Managers

Joining the FinextraTV Virtual Studio, Phil Cox, COO, Russell Investments and Roshan Shetty, BFSI & Public Sector Head - Americas, Tech Mahindra discuss the decision fatigue within asset management currently and how AI helps alleviate that. Splitting the task abilities that can be improved into analysis, portfolio construction, risk management and trading strategies, Shetty and Cox debate the ease if AI adoption into existing processes and how information-based tools have risen to the top.

/payments

How to Maintain Payment Sovereignty in the Face of Change

Providing new insights into the European payments landscape, Marie-Anne Livi , Director of Strategy and Market Relations at Crédit Agricole Payment Services, joined the FinextraTV studio at EBAday 2025 in Paris. Covering a number of areas, Marie-Anne Livi discusses the importance of payment sovereignty and how to retain it to the benefit of client operations, as well as the growth of A2A payment-based wallets as a result.