As Default Rates Rise, 70 Percent of Financial Services Executives Lack Confidence in Their Ability to Modify Risk Decisioning at Speed
- 11 months 3 weeks ago
- Risk Management
As credit default and fraud rates rise, 70 percent of financial services executives are not confident in their ability to modify risk decisioning quickly to keep pace with shifts in consumer behavior and the economy. Additionally, 43 percent say identifying fraud is a top challenge, yet only 7 percent report their anti-fraud measures are completely effective, according to a new survey conducted by Provenir, a global leader in AI-powered risk... more
Fusion Risk Management Announces its Annual Customer Summit, Compass 2023
- 1 year 2 months ago
- Risk Management
Fusion Risk Management, Inc. (“Fusion”), a leading provider of cloud-based operational resilience, business continuity, and risk management software and services, has announced that its annual customer summit, Compass, will be held in New York, NY on September 28, 2023 and
Financial Risk Solutions appoints Thomas Patterson as Vice President Sales North America
- 2 years 5 months ago
- Risk Management
Financial Risk Solutions (FRS), provider of the award-winning investment administration software Invest|ProTM to asset owners, life insurance and investment management companies worldwide, today announced the appointment of Thomas Patterson to the role of Vice President Sales North America.
Elucidate Raises $8 Million to Help Banks Counter Surging Financial Crime
- 2 years 6 months ago
- Risk Management
Elucidate, a financial crime risk management platform, has raised $8 million in a funding round led by AV8 Ventures, alongside Elevator Ventures, the corporate venture capital entity of Raiffeisen Bank International (RBI) and Tommy Nicholas, Founder and CEO of Alloy. Existing investors APEX Ventures, Frontline Ventures, BiG Start Ventures and SixThirty Ventures, also participated.
Traditional Fraud Models are Fundamentally Broken and Billions in Revenue is Lost
- 2 years 6 months ago
- Risk Management
Organisations across the globe today use between an average of four and six different tools or platforms as part of their overall fraud and risk strategy, according to new research* from Darwinium – a next generation digital risk management platform. Whilst this approach has become necessary to defend against the ever-evolving plethora of online threats and adversaries, it seems that the lack of a common and singular view is creating... more
MoneyMatrix Partners with Volt to Power Instant Payments Ii The iGaming Industry and Beyond
- 3 years 3 months ago
- Risk Management, Payments
Volt can now connect more merchants with fast and secure open banking solutions and MoneyMatrix can expand into emerging markets
Matrix IDM Builds Standard Interface to Ortec Finance’s PEARL to Deliver Streamlined Investment Data Management
- 3 years 4 months ago
- Investment, Risk Management, Data Management
Matrix IDM acts as data hub ingesting and cleansing all data before it is consumed by PEARL PEARL’s standard interface already in use in some of the world’s largest fund management firms
Kantox and Silicon Valley Bank Expand Partnership to Provide Innovative Currency Risk Management Technology to US Clients
- 3 years 4 months ago
- Management, Risk Management, Banking
Kantox, a European fintech and leader in Currency Management Automation software, has announced an expansion of their partnership with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors. Through this expansion, SVB’s corporate clients across t
AxiomSL Launches Environmental, Social and Governance (ESG) Solution to Automate Sustainability and Social Impact Reporting
- 3 years 4 months ago
- Risk Management, SaaS, Data Management
AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announced the launch of a new Environmental, Social and Governance (ESG) solution to automate compliance with new sustainability and social impact reporting requirements being developed by the European Ba
KX Enhances KX Flow FX Trading Platform for Enhanced Pricing and Better Risk Management
- 3 years 4 months ago
- Management, Risk Management
KX, a worldwide leader in real-time streaming analytics, has today announced enhancements to KX Flow, its white-label foreign exchange trading platform. The enhancements help financial institutions better manage market risk, with a new automated capability to optimise position and hedging strategies. Additional pricing and connectivity improvements further optimize pricing streams and enhance flexibility.
Why Financial Planning is an Essential Skill as an Entrepreneur
- 3 years 8 months ago
- Risk Management
As an entrepreneur, you don’t always have the same financial security as someone in a hired role. To remain financially secure, it’s crucial that you put systems in place to manage and plan for your financial needs effectively. Without proper financial planning, you could quickly find yourself in a financial disaster which is something that you want to avoid at all costs.
HSBC Innovates Transaction Monitoring with Featurespace to Win the Celent 2021 Model Risk Manager Award
- 3 years 8 months ago
- Risk Management, Security
Celent, the leading research and advisory firm focused on technology for financial institutions globally, has named HSBC as the winner of its Model Risk Manager Award for Legacy and Ecosystem Transformation, enabled by the ARIC™ Risk Hub from Featurespace.
Uzbekistan’s People’s Bank Selects Finastra to Transform Risk Management Business
- 4 years 3 months ago
- 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
- 4 years 7 months ago
- 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
