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Vipin Kumar Sharma

Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd

Swift and Global Banks launch AI pilots to tackle Cross-Border Payment Fraud

Swift and Global Banks Team Up to Combat Cross-Border Payment Fraud with AI Swift, the global financial messaging service, is partnering with leading banks on two AI-powered pilots to reduce fraud and streamline cross-border payments significantly. AI could help the payments industry save billions in fraud-related costs and remove friction from th...

/security /payments SWIFT Matters

Vipin Kumar Sharma

Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd

Stock settlements just got faster in the US, but can they be even quicker?

In the past, buying or selling a stock meant waiting two business days for the trade to settle (T+2). This meant a two-day gap between agreeing on a price and actually receiving the stock and money. As of May 28, 2024, the US market has moved to a T+1 settlement cycle. Trades will now settle in one business day, reducing the risk involved f...

/payments /regulation Post-Trade Forum

Vipin Kumar Sharma

Vipin Kumar Sharma IT and Consulting Delivery Manager at Infosys Ltd

Inefficient IT Systems - Challenges for Operation Risk Management

Recently one news article caught my attention and reminded me of an exceptional experience of my trading days. A German bank accidentally transferred more than 5 billion euros to four other banks due to some internal system issues. Interestingly, this is not the first time for this bank. Even earlier, just when Lehman Brothers filed for bankrupt

/security /regulation Operational Risk Management

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