Latest opinions that Breana Patel has shared on Finextra

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Breana Patel

CEO | Thought leader in Bank Risk & Regulations

Bonova Advisory | Risk &Regulatory Advisory

Member since

06 Sep 2017

Location

New York

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Breana's opinions

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

The Big Bang of Fintech , Regtech and Suptech

Imagine a capital markets desk of a financial institution where a trader is about to press enter on the keyboard to initiate a market position when a message pops up on the computer screen from a regulatory agency notifying of a compliance violation before the trade is entered. With the emergence of SupTech, that day is closer than you think. As...

16 July 2018 /ai Financial Services Regulation

What are the Top Risks Involved in Crypto Assets?

The ever-increasing risks that financial institutions face include market risk, credit risk, and operational risk. As a result, there’s a race to explore the benefits of Block chain technology for its capabilities in improving risk management and operational efficiencies. For example, the distributed ledger technology could allow asset managers to...

10 July 2018 Digital Asset Class (DAC)

Biometric Technology Will Help Eradicate Fraud In Banking

I had the pleasure of interviewing Mr. S. Isaac Daniel, scientist, entrepreneur, founder and Chief Executive Officer, the pioneer and visionary force behind the Elite Influential Club (EIC), Isaac Daniel Inventorship Group, Abanacle Corp (Government-Mission Project), MiNiT IP Holding LLC and MiNiT Financial Service LLC. Former scientific analyst f...

26 June 2018 /security Banking Strategy, Digital and Transformation

Risk Management : Are Crypto Exchanges Safe?

Jay Clayton SEC chairman mentioned in recent news that ICOs will be treated as securities. Crypto exchanges are being placed in increased scrutiny by the regulators. A good enterprise risk management approach is one that is proactive and not reactive after the damage has occurred. What will set crypto exchanges apart will be the ability to have a r...

26 June 2018 /regulation Digital Asset Class (DAC)

The many benefits of Agile PMO

The task of integrating a Project Management Office (PMO) in an agile environment could prove difficult, but if done with thorough research and implementation, it can substantially improve efficiency in project execution and production, lowering costs and reducing risks for the organization. Getting Buy-In In order to do this, there first has to b...

14 June 2018 /wholesale Transaction Banking

What Are The Main Responsibilities Of a Board In Corporate Risk Management

When it comes to Corporate Risk Management and Governance, a company’s Board of Directors will play a vital and pivotal role for the effective governance of its bank. This isn’t always easy to understand, though. A board’s role in corporate risk management and governance can be a tangled web, leading members of the company to ask questions like, “...

06 June 2018 /regulation Trends in Financial Services

Top 10 challenges in implementing Robotic Process Automation RPA?

Robotic Process automation, otherwise known as RPA, is a significant, rapid change that’s encroaching upon many industries. Quickly evolving, implementing RPA into your industry could help to digitize labor using machine intelligence, capitalize on engagement, create big data, manage social media, and solve mobile technology issues, as well as c

21 May 2018 /ai Innovation in Financial Services

Best Practices in Internal Capital Adequacy Planning

Best Practices in Managing Internal Capital AdequacyGuaranteeing a Solid Base of Capitalization Cooked down to its essence, the convulsion that overtook the international banking system in 2008 came down to institutions lacking adequate capitalization. The failure of Lehman Brothers — due to its holdings in the subprime market not being sufficientl...

30 April 2018 /regulation /wholesale Banking Regulations

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