New Digital Banking and FinTech Trends

Digital Banking

The majority of financial institutions have healthy capital levels and are expected to weather the pandemic relatively well, despite having to fully utilize liquidity reductions in some cases, thanks to regulations enacted in the aftermath of the 2008 financial crisis (such as the Dodd-Frank Act, which went into effect in 2010). Everything indicates that the … Read more

Understanding the Importance of Compliance Tech

Compliance is a process that must be maintained constantly. Corporations must both study and comprehend a plethora of rules and regulations to fully comply, which they accomplish by establishing policies, processes, and activities to prevent and detect infractions. Regulations in Abundance There are a rising number of legal difficulties, such as labor payment and filing, … Read more

Fintech’s Impact on the Banking Industry

In recent years, we have seen the emergence of modern technologies that enable the provision of expanded and improved services across a variety of sectors. Fintech’s Impact on the Banking Industry– The financial industry is not unfamiliar territory. The Fintech idea originates in this setting, and its growth has resulted in a complete digital revolution of the old banking model and financial … Read more

The Latest Technological Advances in Regulatory Change Management

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Managing regulatory changes is not a new issue – it has been a challenge for businesses since there have been regulations. Every firm is aware of adhering to the rules and laws that govern them and its industry. Regulatory Change Management– However, the rapid pace of regulatory change has complicated matters, which is why an increased emphasis has been … Read more

The Right Time to Invest in GRC

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GRC tools have matured in recent years. There was a time when GRC solutions were cumbersome pieces of software that were difficult for firms to adopt and cost millions of dollars to do so. Despite their complexity, these solutions did not significantly benefit and were only suitable for substantial firms with significant governance, risk, and compliance … Read more

The Future of Risk and Compliance Solutions

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Compliance management is undergoing a subtle transformation. This transformation began a decade ago and is steadily accelerating. Compliance management was performed entirely manually. To maximize the level of compliance, the organization relied entirely on the vigilance and performance of compliance personnel. Organizations are automating as much of the process as possible through compliance solutions because this enables them to achieve a higher level … Read more

Enterprise Risk Management is About to Undergo Significant Changes

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As businesses strive to improve their risk management capabilities, there is a growing emphasis on the adversities inherent in enterprise risk management. Businesses are now rethinking their entire risk management process in context of current technological advancements and developing solutions that were previously unthinkable. The New Standard Whenever a paradigm shift occurs in technology, we must take a moment and assess the change’s true potential. There … Read more

The Power of Data in Risk Management

Power of Data

Banks are incredibly efficient at monitoring and tracking business and financial risks, but they struggle to match the degree of quality when it comes to operational risks. This discrepancy in performance is due to the fundamental differences between operational and financial risks. Modern technology, on the other hand, allows banks to handle operational risks in a similar way to … Read more

The Key to Efficient Enterprise Risk Management

Risk management is not just a technical process of actions according to formalized algorithms that allow making an unambiguous and deterministic risk decision. Risk management requires teamwork, which is carried out primarily in a communicative context. Communication and consultation between risk management participants are integral to this process and should always be in an open manner. … Read more

Compliance for Small Businesses

The universe in which companies carry out their activities have changed significantly in recent decades; the evolution of technology, the greater ease and also the need to go abroad, different forms of financing. And all these accompanied by new risks that make the compliance for SMEs is also an inescapable duty due to its importance and impact on any business. The economic crises, which have led … Read more