Operational risk

376 articles tagged with this keyword

/Operational risk

KRM22 buys Prime Analytics

KRM22 plc, (AIM: KRM:L) the technology and software investment company, with a particular focus on risk management in capital markets, is pleased to announce the acquisition of Prime Analytics LLC (“Prime Analytics”), a Chicago based risk management technology company, for a maximum total consideration of $7.5 million (the “Acquisition”) in line with its investing policy.

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Danish watchdog could face EU inquiry over Danske Bank scandal

Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.

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Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

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Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

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Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

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Financial Services Seizing the Opportunity in New York

Innovation in Payments, Technology and Cyber Risk Management were all key topics at the Swift Business Forum New York 2018. 600 financial services professionals and industry experts recently gathered in the Big Apple to discuss the opportunities that innovation and collaboration provide.

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Danske Bank boss quits over money laundering scandal

The CEO of Danske Bank, Thomas Borgen, is to step down following allegations that the Danish bank laundered billions of mostly Russian cash through its Estonian branch.

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Australian central bank assures public after outage

Full service has resumed at the Reserve Bank of Australia (RBA) after it suffered a power outage on Thursday.

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Traders under the #MeToo spotlight

Banks are increasingly turning to monitoring software in order to eradicate inappropriate behaviour on the trading floor.

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SmartStream introduces QA testing for collateral management

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the addition of Quality Assurance (QA) testing as a service for its TLM Collateral Management solution.

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Nikko Asset Management selects FactSet for fixed income ops

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, announced today that Nikko Asset Management (“Nikko AM”) has selected the FactSet Linear Multi Asset Class (MAC) risk model to help manage risk across its global fixed income portfolios.

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UK government launches coding school

The UK government has launched a new body for training prospective coders in order to address an increasing digital skills gap.

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Trainee trader sues UK broker for £10m over trading platform mix-up

A French day trader is suing UK broker Valbury Capital after it voided the €10m profit he had accrued using what he thought was a demo version of its trading software but which turned out be a live account.

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Bank of Ireland hit by debit card failure

Customers of the bank of Ireland were hit with a debit card glitch on Thursday that left them unable to withdraw money or pay for goods.

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Collaboration in financial services is key in Latin America

Swift's Latin American Regional Conference in Miami had a clear focus on how new market entrants and developing technologies are dramatically changing the financial landscape in the region.

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Ripple exec says DLT not ready for banks...yet

A lack of scalability and privacy issues are preventing banks from using distributed ledger technology (DLT) to process cross-border payments, says a senior executive at one of the most prominent startups in the DLT space.

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Minium and Exactpro team up for software testing

Minium and Exactpro Systems Limited (Exactpro) today announced that they have entered into a partnership under which Exactpro will provide independent software testing of Minium’s Risk Management and Post-Trade processing systems.

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Live: Swift Latin American Regional Conference - day two

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

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Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.