Risk Management

Uzbekistan’s People’s Bank Selects Finastra to Transform Risk Management Business

30.07.2020 11:34 am
46
Risk Management

Finastra announced today that People’s Bank, a retail and commercial bank in Uzbekistan, is deploying Fusion Risk. The technology will automate the bank’s risk management business, enabling it to become more efficient, whilst managing all types of risk including credit, market, operational, liquidity and interest rate.

Wolters Kluwer and IBM to Co-Host Regulatory Change Management Webinar

23.04.2020 12:48 pm
806
Security and Compliance, Risk Management

Experts from Wolters Kluwer’s Compliance Solutions business and IBM Watson Financial Services will discuss ways in which financial institutions are leveraging technology to manage more effectively their regulatory compliance obligations in a webinar, “Regulatory Change Management: The Benefits of Automation

Technology will be key differentiator in risk management according to new Aite Group study

22.04.2020 09:08 am
567
Risk Management

Digitalisation of risk technology will be a pivotal factor in the monitoring and management of risk during increasingly common periods of volatility and continuing market uncertainty, according to findings by Aite Group, a global research and advisory firm, and Torstone Technology, a leading provider of post-trade processing and risk management.

Wolters Kluwer Delivers Risk Mitigation Technology Solution to Navigate CARES Act Loan Complexities

15.04.2020 10:33 am
758
Security and Compliance, Risk Management

Wolters Kluwer Lien Solutions has responded to urgent client needs and established a technology solution specifically designed to help U.S. lenders navigate the influx of business loan applications, and associated compliance and risk mitigation requirements, resulting from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

State Street To Provide Central Banks With PriceStats Inflation Indicators to Assess Economic Impact of COVID-19 Pandemic

14.04.2020 05:28 pm
645
Covid-19, Investment Management, Risk Management

State Street Corporation (NYSE:STT) today announced that it will offer its State Street PriceStats Series, a comprehensive suite of indicators to monitor trends in retailer pricing and consumer demand in 22 countries, to central banks around the world at no cost. The announcement comes following an influx of inquiries from central banks as they seek to mitigate the negative economic effects of the pandemic.

Financial Services Firms Spend $180.9 Billion on Financial Crime Compliance, According to LexisNexis Risk Solutions Global Study

14.04.2020 10:28 am
756
Security and Compliance, Risk Management

Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion.

Wolters Kluwer and Vizor Software Announce Regulatory Reporting Partnership for Singapore Market

07.04.2020 09:55 am
732
Security and Compliance, Risk Management

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business and Vizor Software, today announced a partnership for the Singapore market that will increase the quality of regulatory reporting while reducing the time and effort required in regulatory compliance. Using the Vizor Reporting API, Wolters Kluwer’s OneSumX for Regulatory Reporting will now automatically consume published machine-readable regulatory rules and data models directly from... more

Eventus Systems rapidly expands market coverage, now actively surveilling 100+ venues globally

06.04.2020 12:39 pm
772
Risk Management

Eventus Systems, Inc., a multi-award winning global trade surveillance and risk management software platform provider, today announced that its Validus platform is now actively surveilling activity for clients on more than 100 exchanges and trading venues around the world. The global coverage spans a diverse range of asset classes, with 10 new markets – eight of them European – added in the first quarter alone.

Aire opens up insight service to help lenders keep pace with financial uncertainty

Aire, the credit insight service, today announced that it is offering free access to its range of real-time credit information services for a period of three months, to help lenders identify and engage with struggling consumers during the unfolding Coronavirus crisis. With much of the country’s workforce impacted by the government’s latest measures to curb the virus, Aire estimates that the number of people in the UK missing one or more credit... more

BITA Risk wins Best Compliance Solution at Family Wealth Report Award in New York

BITA Risk part of corfinancial, a leading provider of specialist software and services to the financial services sector, announces today that it has triumphed at the Seventh Annual Family Wealth Report Awards, winning the prestigious Best Compliance Solution Award.

Wolters Kluwer Grows Minnesota Staff by 25%

12.03.2020 09:27 am
1022
Security and Compliance, Risk Management

Global technology solutions provider Wolters Kluwer has been quietly expanding its Minnesotan HQ for its award winning Compliance Solutions business and other businesses that sit within its Governance, Risk & Compliance (GRC) Division, growing staff numbers by 25% compared with 2017. Wolters Kluwer now has 717 staff working in Minnesota, nearly a 25 percent increase from 575 full time employees in 2017, a figure confirmed by the GRC Division... more

Washington Trust Bank Expands Partnership to Baker Hill NextGen

19.02.2020 07:34 pm
1060
Investment Management, Risk Management, Alternative Finance

Baker Hill, the leading financial technology provider in delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, today announces a renewed partnership with Washington Trust Bank. Washington Trust Bank will be migrating to Baker Hill NextGen®, Baker Hill’s unified solution that streamlines loan origination and portfolio risk management for commercial, small business and consumer lending.

Wolters Kluwer Wins FinTech Awards for OneSumX CPM for Regulatory Change Management and Operational Risk

13.02.2020 09:39 am
1261
Risk Management, Security

Wolters Kluwer’s Compliance Program Management (CPM) business has won two major awards for its OneSumX CPM for Regulatory Change Management and OneSumX CPM for Operational Risk software, winning “Solution of the Year” accolades in Finance Monthly magazine’s hotly contested FinTech Awards 2020. Finance Monthly is a global publication from the Universal Media stable, providing news, comment and analysis, distributed to more than 195,000 people... more

Wolters Kluwer’s Governance, Risk & Compliance Division Voted Global Employer of the Year for Financial Technology

12.02.2020 11:16 am
1527
Risk Management

Wolters Kluwer’s Governance, Risk & Compliance (GRC) division has won three major accolades, recognizing it as a “Global Employer of the Year”. The awards, all decided by independent editorial panels, “celebrate Wolters Kluwer GRC as an employer that values it’s staff, recognizes and promotes talent from within and fosters a collaborative and high-performing culture,” according to a statement from the company.

AcadiaSoft and Clarus Team on Initial Margin Analytics Service

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced it will launch a joint initial margin analytics service with Clarus Financial Technology (FT). The service, enabled by AcadiaSoft’s Access application (part of AcadiaPlus), allows Clarus FT to provide clients with margin analytics, calculations and modeling for non-cleared Initial Margin (IM).