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 

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

Stan Cowan 

Drive Top-Line Growth with the Right Fraud Prevention Solution

We’re now entering a new age of digitalization. Simply providing banking consumers with digital access to accounts and services is no longer enough to remain competitive, retain account holders or improve cross-sell ratios. Financial institutions (FIs) must do all of this quickly, accurately and seamlessly end-to-end. In other words, experience is...

12 October 2022 /retail /crime

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 Technical 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