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.

Stan Cowan 

Surviving an economic crisis with the right fraud and risk processes

Economic downturns and an increase in fraud go hand in hand. It happened during the great recession in the 1920s, in 2008, and during the COVID crisis starting in 2020. You don’t have to be clairvoyant to predict if it will happen again in the next few years, during another recession. During the last few weeks, a gloomy outlook started to emerge o...

11 October 2022 /markets /predictions

Stan Cowan 

Why Credit Unions Should Integrate with an Omnichannel Fraud Solution

The battle against fraud in this evolving digital world is never-ending.There’s this so-called “squeezing a balloon effect” in the area of fraud among financial institutions — and credit unions are no exception. In the global landscape, financial institutions including credit unions should expect the unexpected. The battle against fraud in this ev...

07 October 2022 /identity /crime

Stan Cowan 

Synthetic Identity Fraud - The Fastest Growing Financial Crime

While identity theft has been in the modern lexicon for decades, a newer, more insidious and faster-growing variant of identity fraud is taking hold in the U.S.—and it’s costing U.S. financial institutions billions of dollars and keeping fraud executives awake at night. Unlike traditional identity theft where an unwitting victim’s financial identi...

05 October 2022 /security /crime

Steve Dourdil Business Development at Kerv Collaborate

5 Ways to Record Mobile Voice & SMS for Regulatory Compliance

If you work in financial services, chances are your organisation has some form of mobile recording solution in place. Although certain firms don’t necessarily have a regulatory requirement to record mobile communications, many choose to anyway as a matter of best practice. For a large percentage of firms though, recording of mobile calls and texts...

23 September 2022 /regulation /wealth

Steve Wilcockson Product Marketing at Quantexa

To Spoof or Not to Spoof, that is the Question

Think carefully, someone could be watching! Busy Regulators! Regulators have been busy. Organizations such as SMBC Nikko, JP Morgan, Atlantic Trading, Natwest, and Robinhood have all recently incurred one or more significant fines, reputational damage and criminal prosecution – courtesy of the power and tenacity of regulators. A particular reg...

23 August 2022 /regulation /crime

Alex Richter Head of PassFort at PassFort

KYC loopholes in children’s financial products

As technology evolves, more and more children are gaining ready access to the internet, with Ofcom’s latest research estimating that 55% of children now have their own smartphone. Meanwhile, the market for digital financial services is expanding and many young people are now receiving pocket money via online pre-paid cards like Go Henry or Nimbl. ...

22 August 2022 /regulation

Nick Green Director at Purple Patch Broking Ltd

Bureau data contracts: 4 questions you should be asking

Negotiating the right price and quality of data for bureau contracts is essential for credit providers. Despite this, many organisations are unaware that there are differences in pricing and do not have the knowledge or information needed to negotiate competitive pricing or the pricing that works best for them and their customers. These negotiati

28 April 2022 /regulation /retail

Retired Member 

How banks can protect themselves from cyberattacks in light of the conflict in Ukraine

We live in an increasingly unstable world, a fact which has been exemplified by the unfolding of the Russian invasion in Ukraine. Unfortunately, nationalist tendencies can lead to heightened east versus west sentiments and increased attacks on all nationalities supporting Ukrainian sovereignty. What is unknown, however, is how Russian cybergangs w...

12 April 2022 /retail /crime

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

Managing risk capability in financial organizations

The ability to understand and control risk allows organizations to be more confident in their business decisions. The culture of risk analysis is characterized by the alignment of risk management with the strategy of the organization and the promotion of an integrated approach to risk management. The culture of risk analysis is a delicate balance ...

07 April 2022 /regulation /retail

Tony Crivelli CEO at Fluenccy

The 3 simple steps to better FX rates for your business, forever.

In the world of foreign currency and cross border payments, SMEs are the worst off every time and frankly, I’m tired of it. In my 25+ years working closely with SMEs, their needs and knowledge gaps on the subject have stayed the same and unfortunately, so have the significant losses that come from poor or no foreign exchange strategy. Last ...

05 April 2022 /payments /markets