Community
To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II
As the owner, you will also give up ownership if you leave this group.
Chris Hansen Co-Founder at Adoptech Ltd
The recent internet outage caused by a fault with cloud computing service Fastly, which took down thousands of websites in multiple countries, was a painful reminder of the importance of operational resilience. Payment provider PayPal was among the most heavily-used services to be hit, and the failure was reminiscent of TSB’s IT meltdown in 2018 w...
13 September 2021 /regulation /cloud
Alastair Rutherford MD at ASCENDANT STRATEGY LTD
On the 29th March 2021, the UK supervisory authorities publicised the final policy statements surrounding operational resilience. These had been in the pipeline since 2018, when the original discussion paper was published, and ends an extensive period of consultation across the industry. The objective had been to find a common set of standards acr...
14 May 2021 /regulation /wholesale
Yo McDonald Vice President, GRC Solutions at MetricStream, Inc.
MetricStream’s Yo McDonald discusses how businesses can identify biases when evaluating risks, how it affects processes, and the steps businesses should take to mitigate bias. Evidently, risk evaluation is fundamental in business to protect the organisation, its workers and to guarantee long-term success. To ensure an organisation’s risk evaluation...
14 December 2020 /security /regulation
Retired Member
When I think about the next couple of years for the UK banking industry, this nightmare scenario comes to mind. A milkman is going door-to-door collecting empty bottles. As he peers ahead through the grey morning light, a horrible realisation dawns. He sees that the street is endless and there are thousands upon thousands of empties to collect. Wh...
27 November 2020 /payments /covid-19
Matt Neill Managing Director at Beyond
2021 will be a challenging but critical year for financial organisations wanting to deliver change within client onboarding and client lifecycle management (CLM). Covid and the fear of a global recession have dramatically increased the need for digital transformation, automation and streamlined processes, and there is no doubt that banks have to r...
24 November 2020 /regulation /wholesale
Moving from simple risk management to real resilience is a critical new capability that organisations are striving to attain. Teams seek to quickly mature resilience as we reopen our businesses, countries and economies in the post-COVID-19 world. Organisations that do this well and become ‘anti-fragile’ will thrive – those that do not will find th...
28 September 2020 /regulation /covid-19
Chris Principe CEO at APB, Inc.
UnBanking the Banked Time to stop the monkey see, monkey do nonsense. The idea of money started with rocks to seashells to gold to paper notes. This has been the greatest magic illusionary trick ever. The system of money is based on our belief that it is real because the banks have conditioned us to believe it is. They have done a good job divertin...
17 September 2020 /startups /inclusion
Shawn Hughes
For many, 2020 feels like a dream or at least like everything we once knew is being challenged. If FinTech leaders don’t reassess their understanding of the world’s relationship with financial services and adapt to this new reality, failure may be lurking around the corner. Conversely, if FinTech leaders pivot and continue forging innovative paths...
18 August 2020 /cloud /covid-19
Jussi Karjalainen CEO at Valtatech
Key questions you need to ask yourself before embarking on your business’s journey to spend and payments automation Now, more than ever, businesses find themselves operating in an increasingly volatile, uncertain, complex, and ambiguous (VUCA) environment. The key question is how can businesses position themselves to not just survive in this envi...
27 July 2020 /payments /covid-19
Steve Morgan Banking Industry Market Lead at Pegasystems
The response of the UK government, like many others, has been opening up government backed loan support for businesses. As of the first week of June, over £31bn has been borrowed, although the Coronavirus Business Interruption Loan Scheme (CBILS) has an approval rate of only around 50%. The government’s alternative scheme prepared for smaller bu...
08 June 2020 /people /covid-19
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