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Kenneth Yu, senior consultant, risk management, SunGard looks at the ongoing challenges of dealing with the current stress testing requirements.
Yu makes some very valid points here with regards to best practice within stress testing.
A more holistic approach is indeed required if organizations are to achieve an enterprise-wide view of risk.
A robust structure, supported by a dedicated data management system, can help implement the workflows that will allow regulatory compliance to become the ‘norm’, even routine, for financial institutions. Currently stress testing is burdensome on banks as it
requires investment of time, capital and resources. However by working with a specialist to automate some of the processes involved within stress testing, organizations can focus their time drawing insights from the information that is captured. The value
lies not in the data, but in how it is put to use.
Furthermore, by breaking down organizational silos and with the right governance in place, they will be able to develop a data supply chain that gets the right data to the right place at the right time enabling them to concentrate on adopting a holistic and
forward-looking view across the organization.
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Sanat Rao, Chief Business Officer & Global Head of Infosys Finacle, speaks about scaling digital transformation and the challenges of transactional banking from a macroeconomic perspective, priorities shaping transactional banking and collaboration between fintechs and corporates.
Charlie Platt, Head of Financial Services UK&I, SAP, speaks to Finextra TV in the run up to Sibos about the theme 'Thriving in a Hyper-connected World', the elements of the event, 'Enhancing the Digital Ecosystem', 'Leveraging Data' and 'Exploring the Human Element', what they mean to SAP and why these are essential to creating new value propositions.
Conor Hickey, Solution Architect at OneSpan, speaks about why consumers are abandoning online bank account application processes, how banks can reduce applicant abandonment with digital identity verification, and what the future holds for biometric verification.
Sarah Häger, Head of Open Banking at Nordea, speaks at EBAday 2019 about the importance of partnerships, the progressive solutions that are occurring as a result of partners coming from different areas of the industry, and the future of platformisation.
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