Latest opinions that Breana Patel has shared on Finextra

Join the Community

22,017

Expert opinions

44,203

Total members

434

New members (last 30 days)

171

New opinions (last 30 days)

28,675

Total comments

Join Sign in

Breana Patel

CEO | Thought leader in Bank Risk & Regulations

Bonova Advisory | Risk &Regulatory Advisory

Member since

06 Sep 2017

Location

New York

View Breana Patel's full profile

Breana's opinions

How Mastercard Has Built its Anti Money Laundering AML Program To Combat Fraud

At Bonova Advisory we interview C-suites, Influencers and Industry Thought leaders on various pining topics within Business, Finance and Technology. This week I had the pleasure of interviewing Mastercard’s Chief Compliance Officer Karen Griffin on strategies to build a sustainable financial crimes program in an era of ever increasing sophisticate...

30 November 2018 /regulation Financial Services Regulation

Crypto Firms Excel in Technical Expertise But Have Little Understanding of Risk

Crypto Firms have great technologies that address a lot of challenges and open up an entire new world of doing business. In conversation with CoinFi's CEO Timothy Tan about how regulations and risk management will be a competitive advantage for crypto firms. Thank you so much for doing this with us! Can you tell us the story of how you got invo...

18 October 2018 /regulation Digital Asset Class (DAC)

What are the top risks in Organizational Restructuring?

The Top Risks in Restructuring With great organizational change comes great responsibility. Therefore, in order to create a sustainable growth, companies must learn strategies on how to manage the risks in restructuring. Such risks involve an impact on ROI that may occur when applying new changes to business practices. In the midst of restructur...

25 September 2018 /retail /wholesale Financial Risk Management

How to improve company culture with Conduct Risk Framework?

Most industries have undergone regulatory overhauls over the past century; by my observation, none have done so more rigorously than the financial industry, which sometimes falls short of optimum self-regulation. Yet when you, as a business owner, build a culture that imposes self-regulation, you can reduce risk and build trust with your customers...

06 September 2018 /regulation /wholesale Financial Risk Management

Digitizing Stress Testing

Running the stress tests now required of banks is tedious and expensive. But by digitizing — already common in other areas of banking — the quality of operations can be improved and cost savings introduced. Better and more efficient risk management — and easier management of the concurrent regulatory requirements now in place — is an area ripe f

29 August 2018 /ai /regulation Business Knowledge for IT

Why do Customer Identification Programs Fail in AML?

How CIPs Fail to Uphold AML and BSA Customer Identification Programs (CIPs) were put in place to reduce identity fraud for individuals and banks, but these programs fall short in complying to various Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations and their requirements due to a number of reasons. Banks, savings associations, cr...

20 August 2018 /regulation Banking Strategy, Digital and Transformation

CECL Vs CCAR

CECL vs. CCAR: A Significant Change in the Banking Industry In an effort to reinforce the financial system, The FASB (Financial Accounting Standard Board) releases new regulations and policies from time to time. To ensure that financial institutions have liquidity in the times of extreme stress, CECL was released in addition to CCAR for capital ...

24 July 2018 /regulation Banking Regulations

Top 5 Fintech and Banking Trends : Cognitive Banking enables AI to create solutions based on BigData

In conversation with Marika Lulay we discuss top 5 trends in Fintech and Banking Industry 1.Industry 4.0 — I strongly believe that there is a paradigm shift in the way IT systems will be built and run in the future. And this paradigm shift is true for all sectors. In the new world of „digital business“, the only way our clients can keep up with th...

24 July 2018 /regulation Banking Regulations

9 Ways Banks will Change in Next Few Years

Fintech - Financial Technology has greatly disrupted the way that banks and financial institutions operate today. Think about it, today its hard to imagine not using Paypal. But just like Paypal totally disrupted the financial system, we have a whole suite of changes that are just around the corner. I turned to nine financial experts to predict the...

18 July 2018 /wholesale Digital Banking Trends

Challenges in Building Effective Risk Appetite

A Difficult Task, But a Necessary One The Challenges of Gauging Effective Risk Appetite Managing a bank’s risk appetite strategy is unique to each organization. Unlike some areas that are more clearly regulated — for example, FDIC-insured deposit accounts — the level of risk an institution is willing to incorporate into its overall management port...

16 July 2018 /regulation /wholesale Financial Services Regulation

Community