🏛 Financial institutions invest millions in clearing, market, and credit risk infrastructure, seeking solutions to enhance risk handling processes in both real and simulated default scenarios. 📑 👉 Default Management is a Control Tower digital solution designed to ◾ Minimize operational risks, ◾ Maximize default management automation, ◾ and address risk management challenges effectively 🌐 Learn more about how our Default Management solution can transform your approach to default scenarios: https://lnkd.in/ebA44Uz4 #RiskManagement #FinancialInstitutions #DefaultManagement #Automation
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Manager of Software Engineering | Vice President at JPMorganChase | Engineering Lead | 3X AWS Certified | Liquidity Risk Technology
Navigating the Global Landscape of Liquidity Risk Management As software engineers, our expertise often revolves around the technology driving Liquidity reports. However, comprehending the broader implications of these reports and their significance in the financial ecosystem is equally vital. Let's delve deeper into the world of Liquidity Risk Management, exploring its importance, key regulatory bodies, and essential reports across different regions. Together, let's bridge the gap between technological innovation and the complex demands of liquidity management in today's banking sector. #LiquidityRisk #RegulatoryCompliance #FinanceTechnology 💰🏦
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The fintech landscape is ever-changing, and so are the compliance challenges that come with it! Here are the top 5 hurdles fintech companies face and how to tackle them effectively. Embracing technology and proactive risk management is key to building trust and ensuring sustainable growth. Let’s navigate this complex terrain together! Read more: https://lnkd.in/dazpqpB5 #FintechCompliance #RegulatoryChallenges #ComplianceManagement #RiskManagement #FintechInnovation #TrustInFintech #SustainableGrowth #ComplianceTechnology
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It is becoming increasingly clear that sponsor banks serving Fintechs (or banks of record, as termed by Alloy) must maintain full control over transactions, balances, and all other aspects related to bank accounts. While fintechs excel at delivering exceptional user experiences and delighting account holders, the underlying banks remain responsible for managing the core DDA functions. This may pose a challenge for banks that currently delegate this control to fintechs, but it also presents a valuable opportunity for them to offer their infrastructure as a service, reducing redundancy for fintechs, streamlining operations, and enhancing revenue streams. By offloading these responsibilities to banks, fintechs can lower costs, while the improved control and efficiency benefit the entire market. The question is: can your legacy DDA, which “sleeps” every night, support fintechs that need to offer 24x7 availability as part of their user experience at a competitive price? If the answer is no, Matera’s Digital Twin will solve your problem.
Partner at Klaros Group, an advisory and investment firm focused on the future of financial services
This week, the OCC published a recent formal agreement (a type of enforcement action) with Axiom. The activity cited in the order centered around its fintech partnership activities. The agreement was pretty focused relative to some other recent enforcement actions, with findings in three areas: BSA/AML and third-party risk management (kind of a "minimum viable enforcement action"). See an updated table below comparing the Axiom action to several other partner banking-related enforcement actions over the past couple years. There's a lot of detail in the BSA/AML section, and I recommend reading what others, including Sarah Beth Felix, write on the topic. There also may be more to this story, as Jason Mikula reports in Fintech Business Weekly.
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Your KEY🔑 strategies to manage market volatility, regulatory changes, and counterparty risk: 1. 🌐 Diversifying Collateral to reduce exposure to any single asset class. 2. 📊 Regular Risk Assessments to identify and address vulnerabilities early. 3. 🧪 Stress Testing to prepare for extreme market conditions. Utilising advanced analytics, real-time monitoring, and automated solutions can significantly enhance your risk management framework. Stay resilient, compliant, and ahead of the curve with innovative tools and strategies. 🛡️ Want more tips? https://lnkd.in/dnx_D8qP #RiskManagement #SecuritiesLending #SecuritiesFinance #Compliance #MarketVolatility #AdvancedAnalytics #RealTimeMonitoring #Automation #FinancialRisk #FinTech #Wematchlive
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As the industry continues to feel shock waves from financial collapses occurring in 2022, we encourage you to check out our latest installment of Compliance Trends Banking as a Service 2023: Third-Party Risk Management. #Fintech #BankingAsAService #Askdegree #DigitalBanking #InnovationInFinance #FinancialTechnology #FinancialInclusion #API #BankingInnovation #DigitalFinancialServices #FinancialInnovation #Baas
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Missed our recent webinar on how Bits Technology can streamline and automate your onboarding and KYC processes? Catch the recap to learn how our innovative solutions can streamline onboarding, automate KYC/AML checks, and centralize customer data for smoother case management, risk scoring, and monitoring. Link to the webinar in the comments!
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Citigroup CEO Jane Fraser is leading a significant transformation at the bank, focusing on simplifying operations, modernizing technology, and improving risk management. This effort includes reducing management layers, streamlining processes, and investing heavily in technology to enhance efficiency and competitiveness. The transformation aims to address long-standing issues and position Citigroup as a more agile and effective institution in the financial sector (source: Business Insider).
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I transform your business idea into meaningful and engaging tech product | Software Architect | Founder & CEO at Dhrubok
Compliance is essential, but it doesn’t have to be expensive. EzyNeobank, powered by Striga’s streamlined compliance tools, allows banks to meet regulatory requirements efficiently, reducing costs and enhancing risk management. Ready to control compliance costs? #Compliance #RegTech #EzyNeobank #Dhrubok
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Learn how Core-Payments’ configurable no/low code rules and robust controls empower risk managers to mitigate risk across all payment flows and business lines. Visit https://lnkd.in/gKcHbs2q for more details. Watch the video to discover our hold and release payment controls – just one way we're helping risk managers take real-time control. #payment #risk #nocode
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#LiveAtBFSICreditRiskManagementIndiaSummit #Day2 Sayan B. highlighted “𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 – 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝗰𝗿𝗲𝗱𝗶𝘁 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗶𝗻 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝘀𝘁𝗲𝗽𝘀 𝘁𝗼 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗲𝗺” at the 𝟴𝘁𝗵 𝗔𝗻𝗻𝘂𝗮𝗹 𝗕𝗙𝗦𝗜 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗜𝗻𝗱𝗶𝗮 𝗦𝘂𝗺𝗺𝗶𝘁 𝟮𝟬𝟮𝟰. #CreditRisk #CreditAnalysis #CreditRiskManagement #CreditRiskAnalytics #Modelling #MicroLending #RuralLendingFinancialRisk #CreditRegulations #CreditScoring #CreditReporting| Durgasharan Pandey
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