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Technology

The Rise of the Metaverse: A Brave New World for Risk Managers?

Metaverse is one of the hottest buzzwords in technology. Given its potential impact on financial services firms, it’s a good idea to examine this new digital reality and to consider what it might...

April 15, 2022 | By Tod Ginnis

Technology

The Ukraine Crisis Puts the Focus on Crypto

The invasion of the Ukraine by the Russian army was a sharp reminder that the world does not let us pause and recover from one crisis before delivering another; it would seem that, unfortunately,...

April 8, 2022 | By Peter Horne

Technology

Artificial Intelligence and Machine Learning Grow in Financial Services – with Caveats

For Ibrahim Dusi, chief risk officer for the Americas at Revolut, artificial intelligence and machine learning “are an important tool in our toolkit” for fighting fraud or identifying bad actors....

March 25, 2022 | By Katherine Heires

Technology

The Impact of Technological Advancements on Risk Managers

Today, financial institutions are using artificial intelligence (AI) and machine learning (ML) for everything from credit underwriting to fraud detection and anti-money laundering. It seems...

February 18, 2022 | By Tod Ginnis

Technology

Blockchain Shows Promise in Securitization

Even as distributed ledger technology shows that it can deliver efficiency and risk management benefits in structured finance, the vision of a fully digital marketplace has been slow to take shape....

January 28, 2022 | By John Hintze

Technology

Former Financial Regulators Dive Deeper into Crypto

A boom year in cryptocurrency trading and digital-asset development is nearing an end, and there is no let-up in the market’s allure for ex-regulators embracing both pro-innovation and...

December 17, 2021 | By Jeffrey Kutler

Technology

Executive Moves: Heavy Traffic on Cryptocurrency's Bumpy Road

The price of bitcoin can be wildly volatile. Cryptocurrency exchanges have been hacked and suffered outages. Some of those organizations hopscotch around the world to minimize regulatory oversight;...

September 3, 2021 | By Jeffrey Kutler

Technology

Consensus Begets Competition in Digital-Asset Infrastructure

Like other leading market operators - and the investment community they serve - Deutsche BÖrse Group has been watching the emergence of crypto assets and setting strategy for jumping into the fray....

July 30, 2021 | By Jeffrey Kutler

Technology

For Ex-Regulators, the Door Revolves Toward Tech

If career moves by former regulators are signs of the times, then J. Christopher Giancarlo could be the contemporary archetype. His first major announcement, after stepping down in 2019 from the...

April 9, 2021 | By Jeffrey Kutler

Technology

Securitize Inc.: Full-Service, Regulated, and 'Reinventing Private Capital Markets'

The still unfolding saga of Bitcoin and other cryptocurrencies, while rife with speculation and skepticism, has given rise to a dynamic and growing class of digital asset products and entrepreneurial...

January 22, 2021 | By Jeffrey Kutler

Technology

Regulators Are Off to the (Tech) Races

Speed and competition are hallmarks of high-tech culture. The financial industry has sought to infuse these values into its fintech initiatives, and the regulatory community is following suit. As...

November 25, 2020 | By Jeffrey Kutler

Technology

Fragmented ABS Market Turns to Blockchain for Structure

In an effort to address the types of inefficiencies in the securitization market that helped fuel the subprime mortgage crisis, a pair of large financial services firms are now employing blockchain -...

October 2, 2020 | By John Hintze

Technology

XBTO: A 'Micro Ecosystem' Takes the Measure of Cryptofinance

The original cryptocurrency, Bitcoin, and its blockchain ledger are more than a decade old. Yet even as established institutions have deliberately made their way into the asset class and tested the...

August 28, 2020 | By Jeffrey Kutler

Technology

For When Artificial Intelligence Goes Awry: Incident Response Plans

Many organizations are experimenting with, if not purposefully deploying, artificial intelligence. But what happens when those systems or the decision models they power go haywire, decay, or are...

July 31, 2020 | By Katherine Heires

Technology

A New, 'Competitive' Phase of Crypto-Asset Regulation

Historically, financial regulatory agencies were anything but centers of innovation and were assumed to be a step or two behind the institutions they supervised, particularly when it came to...

July 24, 2020 | By Jeffrey Kutler

Technology

The Anti-Money Laundering Challenge: How to Improve Transaction Monitoring

Money-laundering scandals have been the bane of financial institutions for two decades, and 2020 is proving no different. Faced with ever-increasing regulatory-enforcement actions, many firms...

June 5, 2020 | By Sven Stumbauer

Technology

New Fit for Blockchain: Securities Lending at the OCC

The fanfare may not be quite what blockchain promoters were anticipating a few years ago, but the technology is gradually and noticeably establishing itself as a component of financial market...

May 29, 2020 | By Jeffrey Kutler

Technology

Disruption Drives the Convergence of Emerging Technologies and Innovation

Today's business leaders are dealing with unprecedented levels of disruption and uncertainty. Focused on immediate concerns, organizations have prioritized establishing flexible and secure remote...

May 8, 2020 | By Phil Ratcliff

Technology

A Call for Deliberation on AI and Quantum Computing

Speaking in March 2019 at a conference in Washington, Thomas Vartanian said technologies like artificial intelligence and big data would inevitably attract regulatory intervention. The longtime...

January 17, 2020 | By Ted Knutson

Technology

Regulators Stress Risk Management in Consultations on Crypto

The New York State Department of Financial Services (DFS) and Basel Committee on Banking Supervision (BCBS) separately announced initiatives that underscore financial regulators' determination to be...

December 20, 2019 | By Jeffrey Kutler

Technology

How Risk Managers Can Most Effectively Apply AI

Tremendous changes are taking place in the financial services industry. Data volumes are increasing, data availability is improving, information is being shared faster, and new methods of analysis...

December 6, 2019 | By Alla Gil

Technology

ECB’s Coeuré to Head BIS Innovation Hub

BenoÎt CoeurÉ, whose eight-year term on the European Central Bank executive board expires December 31, will move to the Bank for International Settlements as head of the BIS Innovation Hub, which was...

November 12, 2019 | By Jeffrey Kutler

Technology

CFTC Raises Status of Its Tech Lab, Joins Other Agencies in Global Innovation Group

Into his fourth month at the helm at the Commodity Futures Trading Commission, chairman Heath P. Tarbert is pushing the accelerator on the agency's technology and innovation. On October 10 he...

October 29, 2019 | By Jeffrey Kutler

Technology

Tassat: A Range of Services Across the Blockchain Spectrum

Institutional investing and trading in crypto assets have been slow to take off, but not for lack of trying by the likes of Tassat Group. It is one of a number of ventures touting...

September 13, 2019 | By John Hintze

Technology

Strength in Numbers: Consortium Blockchain Projects Make Headway

The consortium approach to financial blockchain business opportunities is gaining further validation as groups in the banking and insurance industries take their respective projects forward. Utility...

August 23, 2019 | By Juliette Fairley and Jeffrey Kutler

Technology

BIS Follows National Regulators into the Innovation Business

The Bank for International Settlements, which included in its 2019 Annual Economic Report an analysis titled Big Tech in Finance: Opportunities and Risks, has announced BIS Innovation Hub. It will...

July 12, 2019 | By Jeffrey Kutler

Technology

The Agile Risk Manager

Can there be such a thing as an agile risk management function? The question is deeply important because competitive conditions are forcing more and more companies into agile and digital...

June 21, 2019 | By Haydn Shaughnessy and Fin Goulding

Technology

A Broker-Dealer Route for Blockchain

The general buzz around blockchain revolves around its long‐term potential to disrupt or displace traditional business processes or transaction flows. The near-term reality is that building blocks...

May 31, 2019 | By John Hintze

Technology

BitGo Bolsters Custody Case with Security Certification

Cryptocurrency processor and digital-asset custodian BitGo has achieved the SOC 2 Type 2 security certification, saying it will provide an edge in attracting institutional investor interest. The...

May 3, 2019 | By Jeffrey Kutler

Technology

Innovation Amid the New Normal

Innovation is a top priority throughout the financial services industry. At BNP Paribas it is pervasive, with a bank-wide “club” of chief innovation officers, hackathons and other organized programs,...

April 26, 2019 | By Jeffrey Kutler

Technology

The BIS-BCBS-FSB View of Crypto

Despite fluctuations in cryptocurrency prices - or perhaps because of their ongoing volatility and uncertainty - global regulatory authorities continue to monitor and sound warnings on financial...

April 18, 2019 | By John Hintze

Technology

CFTC Advisory Panel Compiles Warnings on Cloud Risks

Cloud computing services, for all their popularity, economics and operational advantages, still require special technology and risk management attention. In other words, nothing should be assumed to...

April 12, 2019 | By Ted Knutson

Technology

Cyber Law Expert Anticipates Regulatory Response to AI, Big Data

Regulation has barely begun to have an impact in areas of big data and artificial intelligence, but veteran financial industry lawyer and technology expert Thomas Vartanian said it is only matter of...

March 29, 2019 | By Ted Knutson

Technology

Quantum Computing and the Coming Threat to Data Security

Cybersecurity threats are a clear and present danger to businesses, governments and critical infrastructures. The National Institute of Standards and Technology made a significant contribution to...

March 29, 2019 | By Jeffrey Kutler

Technology

At tZERO, Blockchain Tech Development Turns to Action

Amid continuing debate over the viability of blockchain technology in financial services, online retailer Overstock.com's capital-markets-focused tZERO is pressing ahead. The venture has laid out...

March 22, 2019 | By John Hintze

Technology

When Machine Learning Models Grow - Rather Than Just Contain - Risk

Artificial intelligence is growing rapidly and could have a transformational impact on the banking industry, but according to McKinsey & Co. risk practice experts, it is not a risk-free event. If...

March 15, 2019 | By Katherine Heires

Technology

SEC's Peirce: Fintech Is Risky, Get Used to It

In 13 months on the Securities and Exchange Commission, Hester M. Peirce has pushed for openness to innovation, even criticizing the SEC majority last July for rejecting the listing of a Bitcoin...

February 15, 2019 | By Ted Knutson

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