Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Sheridon Glenn Global VP, Strategic Markets & Initiatives at Guidewire

Take the holistic insurance model a step further: Data lakes integrated with artificial intelligence

In my previous blog, I covered how insurance analysis has moved on from traditional methods to holistic models. These models allow insurers to better assess risks and losses by being able to view their entire portfolio in a non-siloed way. This allows insurers to make better use of the data they hold and provide more proactive support to their cu...

19 July 2023 /inclusion

Stan Cowan 

How to Solve Check Fraud

Check fraud is a persistent issue, even in our rapidly evolving digital world. The crime may seem almost antiquated, but it poses a real threat to both individuals and businesses. With this in mind, we'll delve into understanding check fraud, its various forms, the impact it has, and most importantly, the preventive measures that can be taken. Che...

07 June 2023 /regulation /crime

Nick Green Director at Purple Patch Broking Ltd

3 Emerging Data Challenges in Credit Management (According to McKinsey)

In recent years, financial institutions have increased their adoption of data and new technologies to manage credit portfolios. In fact, McKinsey’s recent survey of financial institutions says there is significant progress in using new data and techniques for credit portfolio management. But it also shines a spotlight on the challenges that remai...

23 March 2023 /regulation /retail

Sheridon Glenn Global VP, Strategic Markets & Initiatives at Guidewire

Two kinds of knowledge; what we know, and what we know how to find

The number and severity of natural disasters continue to rise, with more flooding, hailstorms, wildfires, tornadoes and hurricanes on the horizon. Research from Munich Re estimates that hurricanes and floods could total $120bn in insurance losses in 2022, which clearly impacts the livelihood of those in the areas affected, and consequently also...

21 March 2023 /inclusion

Alex Kwiatkowski Director, Global Financial Services at SAS

Early lessons from the collapse of Silicon Valley Bank: from doyen to disaster

5,821 days. That’s the length of time that separates Silicon Valley Bank’s (SVB) collapse and the failure of real estate investment trust New Century in 2007, notably the first domino to fall in the Global Financial Crisis (GFC) of 2007-08. Last week’s events represent a sobering reality check. In 2023, banks can still be broken, collapsing spectac...

17 March 2023 /regulation /markets

Stan Cowan 

Community Banks and Credit Unions Can Manage Fraud and Compliance Risk Management in a Single Soluti

It is becoming increasingly harder to delineate between fraud risk and compliance risk. The speed with which identity fraudsters and money launderers move to exploit gaps within financial crime risk management systems has increased due to the race toward greater digitalization and increasing service expectations from consumers. And community bank...

12 January 2023 /regulation /crime

Stan Cowan 

How to Automate Risk Management and Grow Faster

New fraud cases and scams are increasing faster than ever. Over 70% of finance professionals reported that their institution suffered from payment attacks in 2021. Consumers alone lost $5.8 billion to scams. As a result, financial institutions (FIs) have found themselves facing new anti-fraud legislation and imposing stricter controls. The probl...

15 December 2022 /payments /crime

Stan Cowan 

Fraud Risk Should be Part of Your Risk-Based Pricing Strategy

Risk-based credit pricing can be a great way to expand community-based financial institutions’ loan portfolios while providing the communities they serve with a way to repair credit and obtain needed funding without having to engage with predatory lenders. But it must be done carefully to ensure the financial institution is not unnecessarily expos...

01 December 2022 /identity /crime

Luke Mathews Fraud Strategy Manager at The ai Corporation

Four key questions to help you identify fraudulent use of your business’s fuel cards

Fuel fraudsters continue to ‘skim a little off the top’. The post pandemic e-commerce boom has fueled a marked increase in demand for logistics services. As a result, global fuel and fleet markets have expanded their business operations to meet this increased demand. For criminals, this has created a unique opportunity to take advantage of the ‘n...

15 November 2022 /payments /crime

Daniel Cohen Chief Product Officer at PayU GPO

Cyberattacks continue to threaten merchant success around the world

With increased digitalisation in emerging markets around the world, merchants have started to offer alternative payment methods in the hope that they will grow their market share and appeal to the changing preferences of their customers. This includes delayed payments such as Buy Now, Pay Later (BNPL) and account-to-account payments. However, with...

20 October 2022 /security /payments