Latest Operational risk News: Finextra Research

Sustainable Finance Live Hackathon 2024 Winners: Emerging Category

Join FinextraTV as Richard Peers, Contributing Editor, Finextra and Founder of Responsible Risk, speaks to the winners of the Emerging Category for the Sustainable Finance Live Hackathon 2024: HSBC’s Nell Agate Tsui, University of Oxford’s Dr Nicola Ranger, and the Malaysian Youth Delegation’s Qiu Wong. This year’s event focused on all things natural capital, namely how to price and assess risk amid a variety of macroeconomic issues and new policies coming to the fore. The winning team’s solution – named Nature Delta – worked to connect nature risk in its multifaceted nature direct to companies, with the aim of ensuring that lending and target setting is conducted with risk in mind, as well as deciphering the jumble of complexity that comes with natural capital and leveraging actionable insights.

31 October 2024

Finextra TV/crime

Fighting Fraud with Form3: The Importance of Inbound Transaction Screening

In Part 2 of this series, FinextraTV and Chris Oakley, Head of Fraud, Form3, highlights an upcoming substantial shift in the sector where due to incoming regulations from the PSR in the UK and PSD3 across the European Union, banks will have to double down on their focus on the risk associated with receiving a payment, not only sending a payment as has been the case historically. With current fraud screening methods built for outbound payments, after these regulations are mandated, receiving banks and sending banks will be forced to split liability for fraud and reimburse victims due to the PSR. This dichotomy must also lead to changes in the way that money mules are detected, which is usually also conducted retrospectively - where this convergence of fraud mitigation and anti-money laundering happens, risks need to be managed in real-time and a wider single view of the customer will be of paramount importance.

17 September 2024

Finextra TV/regulation

The Importance of ESG when Choosing a Technology Provider

Join FinextraTV at the Temenos Community Forum 2024 as Kalliopi Chioti, Chief ESG Officer, Temenos and Christian Sarafidis, Chief Executive, EMEA Financial Services, Microsoft, dive deep into how choosing the right provider and right partner is crucial for ESG. With increasing pressure coming to the fore from regulators, organisations have no choice but to consider their reputations. This journey cannot be completed alone, so partners are of paramount importance, in addition to technologies such as cloud and AI to drive sustainability efforts.

17 July 2024

Finextra TV/payments

Core Banking Transformation: Enabling Future Growth at a Systemic Bank

Join FinextraTV at the Temenos Community Forum 2024 as Mick Fennell, Business Line Director - Payments, Temenos and Serge Munten, Head of Transformation, Banque Internationale à Luxembourg discuss their digital transformation project and the obstacles the bank faced when modernising core banking and payments capabilities. Scoping out the project, it is explored how BIL decided to completely revisit their IT landscape to enable the bank to manage higher transaction volumes, keep up with changing regulations and drive future growth.

12 July 2024

Finextra TV/cloud

Considering Cloud? Here are the options for banks

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers. The conversation also shifts to expanding on the benefits of private cloud where cloud-like deployments are established. The advantages of hybrid cloud are also prevalent, where one technology stack can run across multiple footprints, allowing organisations to build an app once, but deploy it everywhere with open source technology.

11 July 2024

Finextra TV/sustainable

Green Finance Institute: 8-53% of the UK’s 7 Largest Banks’ Portfolios Exposed to Transition Risks

Join FinextraTV as Helen Avery, Director, Nature Programmes and GFI Hive at the Green Finance Institute, explains the methodology behind their recently released report, ‘Assessing the Materiality of Nature-Related Financial Risks for the UK’, authored by Nicola Ranger, Environmental Change Institute, University of Oxford, and Tom Oliver, University of Reading. The conversation explores the report findings which show how biodiversity loss and environmental degradation can create material risks for the UK economy and financial sector, placing a ‘value at risk’ (nVaR) on nature. This has helped identify that the deterioration of our natural environment could result in UK Gross GDP falling by as much as 12%, with sectors such as agriculture, manufacturing and services being the most impacted and in turn, will correlate to the impact on bank portfolios. Dr Nicola Ranger will be a keynote speaker at Sustainable Finance Live on 8th October 2024 in London where the risks and opportunities that materialise across natural capital will be examined.

08 July 2024

Finextra TV/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

17 June 2024

Finextra TV/security

How to manage the key risks of cloud migration

Join FinextraTV at the Temenos Community Forum 2024 as Colin Jarrett, Chief Security & Risk Officer, Temenos dives deep into the main security and risk considerations for banks when moving to the cloud or SaaS. The conversation then moves on to how banks can best overcome these obstacles and how technology providers can help financial institutions meet security and risk requirements.

14 June 2024

Finextra TV/cloud

How cloud and SaaS enable customer-centric innovation for banks

Join FinextraTV at the Temenos Community Forum 2024 as Azfar Karimuddin, Chief Cloud Officer, Temenos & Dan Broten, CTO, EQ Bank, explore the advantages for banks running on the cloud, including how the technology helps to deliver better customer services and experiences. Discussing SaaS, they also pinpoint exactly how this technology can help banks innovate faster and develop new business models.

11 June 2024

Finextra TV/predictions

Responding to regulations: AI solutions boosting operational resilience in 2024

In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI. We discuss how banks can employ supply chain risk management with the support of operations, improving both customer experience and security in the year to come.

05 February 2024

Finextra TV/Sibos

Innovating for bank differentiation

Jussi Lindberg, CCO, Banking Circle joins FinextraTV at Sibos 2022, to reflect on the strategies adopted by banks to keep up in the race for payments innovation, the challenges that de-risking continues to present, and how partnerships can help banks deliver better, more accessible solutions to their corporate customers.

31 October 2022

Finextra TV/Operational risk

Reports, permissions & strobe lighting, investment Chinese Walls

Farooq Nazir, deputy head of security, EMEA at Nomura talks about the bank's innovative use of their Honeywell central security management system, which uses strobe lighting to alert staff to breaches in security at the investment bank.

24 February 2012

Finextra TV/Operational risk

Payments transformation

Jeremy Light management consultant at Accenture talks outsourcing, investing and Sepa at Sibos 2011.

07 November 2011

Finextra TV/Operational risk

The promise of Swift's 3SKey

Mathias Bonnard, product and solution marketing (PSM) at Axway, discusses the potential uses of 3SKey in the bank-to-corporate relationship.

30 September 2011

Finextra TV/Operational risk

FSA mobile recording rules, technology considerations

Rik Turner, senior analyst for Ovum, Ryan Shuttleworth, CTO at Compliant Phones and David Kemp, executive director of legal policy at Automomy discuss the technology around mobile phone recording regulation.

29 September 2011

Finextra TV/Operational risk

FSA mobile recording rules, compliance considerations

Jocelyn McCaffery, policy associate in the FSA's wholesale conduct policy unit, David Kemp, executive director of legal policy at Autonomy and Ryan Shutleworth, CTO at Compliant Phones discuss the upcoming FSA regulation on mobile use.

29 September 2011

Finextra TV/Operational risk

The need for integrated testing for payment hubs

Warren Gardiner, chief product & strategy officer at Clear2Pay, discusses the challenges and practices of testing for payment hub implementation at Sibos 2011.

29 September 2011

Finextra TV/Operational risk