Latest opinions that Breana Patel has shared on Finextra

Join the Community

22,269

Expert opinions

44,252

Total members

366

New members (last 30 days)

183

New opinions (last 30 days)

28,765

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

5 Best Risk Controls To Prevent Third-Party Data Breaches

As the world is moving towards digitalization, cyber-security threats are becoming more sophisticated than ever. There has been increasing number of attempts in recent times where hackers have been targeting organizations by capitalizing on vulnerabilities that their third-party vendors and suppliers are exposed to. Securing client data that inc

19 April 2021 /security /regulation Information Security

Covid 19 and Future of Regtech

The use of specialized tech to help financial institutions meet heightened regulatory requirements — a.k.a. regtech — is poised to continue taking off this year. Given the uncertainty surrounding COVID-19, the rate of adaptation is, like much else, unclear. Institutions may have to scramble while focusing on the immediate fallout of the pandemic, ...

22 May 2020 /regulation /covid-19 Innovation in Financial Services

How To Improve Risk Management Processes In The First Line Of Defense For Large Banks

The Three Lines of Defense model, abbreviated as 3LOD, is a modern tool for enterprise risk management that has shifted corporate philosophy. This model creates an environment where everyone in an organization is encouraged to work in tandem to manage risk and achieve the company’s goals. The Three Lines of Defense model is comprised of: • The fir...

17 March 2020 /regulation /wholesale Innovation in Financial Services

How Lenders Can Reduce Compliance Risk For Unfair, Deceptive Or Abusive Practices UDAAP

The prohibition of “unfair or deceptive acts and practices” by federal banking regulators is not new. First introduced via the 1938 Wheeler–Lea Act, with a significant expansion in 2004, the concept has long been baked into American lending practices. But the Dodd-Frank Wall Street Reform Act of 2010 saw another significant expansion of the governi...

02 December 2019 /wholesale /inclusion Financial Risk Management

Bigger Banks are here to stay

Banking Is More Than Software Disruption is the current name of the game. The promise is it will upturn any economic sector that’s not sufficiently hip to the new ways of doing business. In some cases that has certainly been true. Uber has taken its toll on traditional taxicab companies. Airbnb has altered the hotel and bed-and-breakfast sectors. ...

15 August 2019 /retail Digital Banking, Mortgages and Savings

Managing Risks Effectively with Energy Trading Risk Management Systems

How Straight-Through Processing Reduces Costs? Energy Trading Risk Management in today’s volatile markets is challenging and demands a robust, seamless, end-to-end integration of various processes for commodity trading activities from the inception point of the trade to post-settlement. Any particular point in the life cycle of these trading activi...

15 April 2019 Banking Strategy, Digital and Transformation

How To Avoid Nightmares When Onboarding AI-Powered Regtech

The rapidly expanding realm of artificial intelligence (AI) presents a powerful tool for meeting the requirements of regulatory oversight. But like any powerful tool, using it incorrectly can lead to disaster. I have seen firms allocate large budgets to onboard extremely advanced technology to solve a particular challenge, but their efforts are no...

05 April 2019 /ai /regulation Banking Strategy, Digital and Transformation

Future Trends Moving Wholesale Banking Forward

Expanding roles in wholesale banking have created a push for improvements in service of large-scale corporate customers. From the current states of function, wholesale banking will undergo a restructuring of product developments, a new approach to customer interaction and the employment of digitized practices to increase efficiency. Trends predict...

11 March 2019 /wholesale Banking Strategy, Digital and Transformation

RegTech Innovation and Closing Gender Gap in Regulation And Policy Making

I had the pleasure of interviewing Dr. Sian Lewin who is currently Head of Client Delivery and Research at RegTech Associates and the Founder of the RegTech Women network. Breana: Thank you so much for doing this with us! Can you tell us a story about what brought you to this specific career path? Dr. Sian: It’s a pleasure! I think when we look ret...

12 February 2019 /ai /regulation Banking Strategy, Digital and Transformation

Importance of Conducting Independent Assessment For An Enterprise Risk Management Function

The saying goes, “If it ain’t broke, don’t fix it.” However, in the culture of today’s business market, the saying should be adapted to say, “If the existing risk management program is working, still see if there are areas for improvement with an independent assessment.” The reason is that enterprise risk management (ERM) programs are structured p...

30 January 2019 /regulation /wholesale Banking Strategy, Digital and Transformation

Community