Data Privacy as a Driver of Governance, Risk and Compliance

Governments around the world are more inclined than ever to move fast on data regulations in the face of emerging technologies. In the past five years, countries accounting for over half the global...

May 10, 2024 | By Gal Ringel


A Tool for Systemic-Risk Analysis Is Making Some Long-Awaited Headway

A more stable financial system emerged from the global crisis of 2008 and has proved to be resilient in the face of subsequent shocks. But one provision of the Dodd-Frank Act, the 2010 U.S. law that...

April 26, 2024 | By Michael Shashoua


How Harnessing the Power of AI Can Revolutionize Alternative Lending

Using artificial intelligence (AI) in our everyday lives and in business is firmly in the mainstream, and it’s now commonly accepted that any organization that doesn’t ultimately integrate AI into...

January 5, 2024 | By Haseeb Qureshi


Addressing Data Management Challenges with Emerging Technologies and Industry Collaboration

We operate in an increasingly data-driven environment. Data is being leveraged to address many of today’s challenges, providing new insights to assist with areas such as risk management, operational...

October 13, 2023 | By Kapil Bansal


Systemic Vulnerabilities Underscore the Need for a Data Standard

Conquering the contagion of systemic risk has resurfaced as an important aspect of maintaining a stable financial system. The failures this year of Silicon Valley Bank, Signature Bank and First...

September 1, 2023 | By Allan D. Grody


Moving Up on the Compliance Agenda: The EU’s EMIR Refit

Financial services organizations have grown accustomed to dealing with regulations emanating from the European Union. A looming priority is EMIR Refit – the European Market Infrastructure...

July 21, 2023 | By John Hintze


Alternative Data and Credit: The Business Dimension

Alternative methods of credit scoring, increasingly supporting the underwriting of loans to unbanked and underbanked consumers, are also being adopted for small and startup business applicants that...

April 28, 2023 | By David Weldon


Getting Beyond RCSA: Why Operational Risk Needs a New, Improved Process

Risk Control Self-Assessments (RCSAs) have long been used by banks to oversee their operational and non-financial risks. However, the clue is in the name – it’s a self-assessment. It looks at the...

April 14, 2023 | By Paul Ford


It’s in the Details: Are Spreadsheets Putting Firms at Risk?

Wall Street firms’ data management practices are under intense scrutiny. Regulators are putting increased pressure on financial institutions to manage their spreadsheets and end user computing (EUC)...

March 10, 2023 | By Sandeep Kumar


Open Banking Is on the Way in the U.S., Accompanied by Risk Concerns

Open banking is inching its way into the U.S., and with it new possibilities for innovation and competition along with data-protection risks to be managed. Already accommodated by European...

January 27, 2023 | By Katherine Heires


An ‘Alternative’ Horizon for Credit Risk

Despite anti-discrimination and fair credit laws, a sizable swath of the U.S. population remains financially underserved, with limited access, if any, to mortgages and other credit products that are...

December 2, 2022 | By David Weldon


The ‘Rebranded’ Mission for Legal Entity Identifiers

The Global Legal Entity Identifier Foundation (GLEIF) has announced a rebranding of its mission – from identifying financial market participants exclusively, to identifying participants in digital...

September 9, 2022 | By Allan D. Grody


Data Regulations Follow – and Go Beyond – Europe’s GDPR

New battles are flaring up around data privacy and portability. The issues that came to the fore in Europe’s landmark General Data Protection Regulation (GDPR) and influenced similar laws elsewhere...

August 12, 2022 | By John Hintze


The Risk-Reducing Stages of Alternative Data Implementation

There are throngs of varying types and sources of alternative data. Unlike traditional models – those made available by financial exchanges and indexes, SEC filings, financial statements, corporate...

July 15, 2022 | By Julia Valentine


Will Legal Entity Identifiers Get a Legislative Boost?

The 2008 Lehman Brothers bankruptcy and the global crisis that it triggered may be fading into history, but the financial world is still working to fix the data management debacle that the Lehman...

June 17, 2022 | By John Hintze


Open Banking Gets a Nudge from Washington

The U.S. lags other countries in open banking, the practice of enabling the sharing of customer account information between banks and third-party service providers. A White House executive order...

March 4, 2022 | By John Hintze


Banks Eye More Efficient Payments with Less Risk, but There Are Hurdles Along the Way

Banks are facing a November 2022 deadline to be able to receive cross-border payments in a new, data-rich messaging format. It is a step in the global migration to the ISO 20022 standard, which...

February 25, 2022 | By John Hintze


Road to Net Zero: Using Data and Analytics for Portfolio Intelligence

Discussions around climate change and climate risk gained significant momentum in the past year, particularly in the lead-up to COP26, the United Nations’ climate change conference in November. As...

February 4, 2022 | By Peter Plochan


ESG Provides Impetus to Drive Front-Office Performance

Half a century ago, Nobel laureate economist Milton Friedman called corporate social responsibility “hypocritical window dressing,” saying executives who prioritized anything but profits “reveal a...

October 8, 2021 | By Elaine Chim


Drowning in Data? Strengthen Finance's Relationships with Data and IT

We've all been in situations where people use quality of data as a smokescreen to avoid the real business conversation at hand. It's a natural human reflex that causes an insane amount of...

August 20, 2021 | By Adam Meister


New Computing Architectures Meet 'Interest Rate Risk in the Banking Book'

Although Interest Rate Risk in the Banking Book (IRRBB) is not a new topic, there are very few discussions and publications about the technical challenges that many banks still face. Regulators have...

June 11, 2021 | By Patrick Hauf and Stefan Trummer


Natural Language Processing Sharpens Its Focus on Financial Risk

Advances in natural language processing (NLP), a form of artificial intelligence that companies like Facebook and Google have applied in online search and voice recognition, are helping to accelerate...

April 23, 2021 | By Katherine Heires


Synthetic Data's New Wave

Data has come to be known as “the new oil,” and as with motor oil, data comes in synthetic forms. Longtime risk manager Aaron Brown recalls pioneering work in the 1980s and '90s, “except we didn't...

March 12, 2021 | By Katherine Heires


Solving the ESG Data Challenge

Prompted by a push by investors to incorporate environmental, social and governance (ESG) issues in their analysis of investment risk, credit-rating agencies are advancing efforts to integrate these...

July 17, 2020 | By John Hintze


COVID-19 and the New Surge in Alternative Data

Assessing the various business risks, sector disruptions and investment opportunities brought on by COVID-19, AllianceBernstein chief risk officer Andrew Y. Chin does not merely scan the regular run...

May 15, 2020 | By Katherine Heires


Fintech Fund Buys a Business from ACA Compliance Group

ACA Compliance Group, a company that by all accounts is thriving amid demand for governance, risk and compliance (GRC) advice, technology and services, has sold its NorthPoint technology product and...

February 28, 2020 | By Jeffrey Kutler


A Banking Service for a Warming World: Emissions Tracking for Consumers

If dire warnings about climate change on a planetary scale still seem abstract at the everyday consumer level, then the financial industry may be in a position to bring the message home by delivering...

February 28, 2020 | By Katherine Heires


Natural Language Processing: Artificial Intelligence Ready for Prime Time

In the latest Star Wars film, “The Rise of Skywalker,” a droid robot is summoned more than once to ingest and sort through vast volumes of documentation to identify and extract critical data that...

February 14, 2020 | By Katherine Heires


ESG Becomes a Battleground of the Exchange Titans

Listings and trading volumes are no longer sole determinants of success for stock exchange companies. They are not only trading and clearing multiple products, but have also built sizable data...

January 31, 2020 | By Jeffrey Kutler


Alternative Data Can Be Good for the Credit Business, Regulators Say

U.S. regulatory agencies have issued a joint statement recognizing that alternative data can be beneficial in credit underwriting. Alternative data - defined as information other than that provided...

December 13, 2019 | By Ted Knutson


Dealing for Data: LSEG Stands Out as Others Ramp Up

If there were any doubts about the strategic importance of data in financial markets, then the $27 billion agreement on August 1 for London Stock Exchange Group to acquire Refinitiv put them to rest....

November 1, 2019 | By Jeffrey Kutler


A Bid for Operational-Risk Data Aggregation and Standardization

Paul Ford brings an engineering mindset to solving a longstanding problem in operational risk management. His strategy: Aggregate risk and control data for the entire banking sector in a large-scale...

October 4, 2019 | By Katherine Heires


NIST Proposes a Privacy Framework, Seeks Public Comment

The National Institute of Standards and Technology (NIST), whose Cybersecurity Framework has become a global best-practices benchmark for information security, has embarked on a similar privacy...

September 20, 2019 | By Jeffrey Kutler


Social Media Analytics and Its Place in Management Education

There is a surfeit of social media data available for anyone who cares to generate insights and use it for legitimate (or illegitimate) purposes. However, to capture the data in the best possible...

August 30, 2019 | By Sanjay Fuloria and Nupur Pavan Bang


Can Social Media Threat Monitoring Help Preempt Violence?

The March 2019 mosque shootings in Christchurch, New Zealand, especially the internet livestreaming of the first attack, has everyone talking about the use of social media threat monitoring to...

August 23, 2019 | By Keith Wojcieszek


In Geopolitical Risk Management, a Chance for AI, Alternative Data and Predictive Analytics to Shine

In common with other categories of risk, those arising from geopolitical events - trade and tariff disputes, regional military conflicts and terrorism, domestic political uprisings and instability -...

July 19, 2019 | By Katherine Heires


Data Woes Are Widespread and Common Across Business Sectors

Information-centric industries such as financial services are not alone in grappling with data management challenges. A survey commissioned by Dun & Bradstreet reveals that they are causing headaches...

July 3, 2019 | By Katherine Heires


The FSB's Global Risk Data Aggregation Initiative: A Review and Update

After the financial crisis, regulators rightly concluded that they needed more granular and standardized transaction data to oversee the risks inherent in financial institutions and in financial...

June 28, 2019 | By Allan D. Grody


No Dissent on Data Standardization

Data standardization and open data architecture - which supports interoperability among information systems of the government and the private sector - hold tremendous promise for the financial...

May 17, 2019 | By Katherine Heires

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