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Technology

Evolving AI: Threats and Opportunities

Artificial intelligence is seemingly ubiquitous in financial services today. Still, disruption and instability threats remain, and a new academic paper has raised another AI concern: reversibility....

June 27, 2024 | By Aaron Brown

Technology

Rethinking Technology Risk: Moving Beyond Guns, Gates and Guards

Today, “technology risk” extends to everything from, say, artificial intelligence, machine learning, blockchain and cybersecurity to data, digital currencies and cloud computing. That’s a stark...

May 10, 2024 | By Aaron Brown

Technology

Nature Risk: The Velociraptor Next Door

Just as many risk managers are struggling with newly-mandated climate risk disclosure, nature risk reporting has appeared on the horizon. Forward-thinking managers therefore at least need to think...

March 28, 2024 | By Aaron Brown

Technology

Do Cryptocurrencies Pose a Macro Threat to the Global Financial System?

Critics of cryptocurrencies, ranging from senior regulators to well-known politicians to renowned economists and investors, have grabbed headlines by highlighting the potential of these instruments...

February 23, 2024 | By Aaron Brown

Technology

Will ChatGPT Break Financial Markets?

Large language models (LLMs), such as ChatGPT, are threatening to disrupt most areas of life and work. Financial trading is no exception. Earlier versions of machine learning (ML) and artificial...

January 26, 2024 | By Aaron Brown

Technology

AI Risk: The Inefficiencies of Existing Oversight, and What Risk Managers Can Learn From Science Fiction

Runaway artificial intelligence has been a major concern of science fiction at least since the 1909 publication of E. M. Forster’s The Machine Stops, but it took 114 years to get serious official...

December 22, 2023 | By Aaron Brown

Technology

Could Speedier High-Frequency Trading Prompt the Next Market Meltdown?

High-frequency trading (HFT) is already lightning fast, but there is currently a proposal on the table to make it even speedier. What are the potential advantages and drawbacks of this possible...

October 20, 2023 | By Aaron Brown

Technology

The Reawakening of Blockchain – and Its Impact on Risk Management

Risk managers involved in cryptocurrencies or niche blockchain applications have had to think about both the positive and negative novel risks of blockchain for 15 years now, but we seem to be...

September 22, 2023 | By Aaron Brown

Technology

Risk Management and the Tangled Web of Financial Control, Accounting and Technology

The general business press usually fails to distinguish between financial control professionals and experts concerned with financial statements, tax accounting, audits and other reports generated for...

July 28, 2023 | By Aaron Brown

Technology

A Brave (and Risky) New World: The Gig Economy Comes for Hedge Funds

Hedge funds exert outsized influence on financial markets because they employ aggressive trading and high leverage. The world learned this in 1992, when George Soros broke the Bank of England – and...

June 23, 2023 | By Aaron Brown

Technology

Risk Management and Public Key Cryptography

What is the central goal of risk management? A common wrong answer is, “To predict and prevent disaster.” The issue with this response is that at least half of risk management is maximizing...

May 26, 2023 | By Aaron Brown

Technology

Network Analysis: How to Mitigate Unexpected Risk

Some of us hate it, others love it, but at least we can all agree that networking is a very important business skill. The ability to accumulate connections that provide relevant business information...

May 28, 2021 | By Peter Went

Technology

3 Model Risk Management Lessons from COVID-19

Amid the pandemic, as banks rapidly transformed their core businesses to serve their customers, the digitization of banking has given rise to new model risk management challenges. Decision-making has...

April 30, 2021 | By Peter Went

Technology

7 Unique Challenges in Cryptocurrency Risk Management

Cryptocurrencies have long been heralded as the future of finance, but it wasn't until 2020 that traditionally conservative and risk-averse institutions became proactive investors in this complicated...

March 19, 2021 | By Peter Went

Technology

4 Risk Management Guidelines for Fintechs

The financial services industry is becoming rapidly transformed by the shift toward online banking products and services, where models driven by artificial intelligence (AI) have risen to prominence....

February 19, 2021 | By Peter Went

Technology

Risks and Digital Transformation in the New Normal

Earlier this year, in just a few weeks, COVID-19 forced greater adoption of innovative technologies and accelerated a worldwide digital transformation. In financial services, operating models and...

October 23, 2020 | By Peter Went

Technology

Quantamental Risk Management: Seeking New Alpha

To improve alpha, quantamental portfolio managers combine fundamental analysis with various quantitative approaches. By identifying patterns and statistical relationships across fundamental and...

August 7, 2020 | By Peter Went

Technology

AI-Based Decision Making: "Computer Says No"

The most endearing sketches of Little Britain, a BBC comedy show, features a character named Carol Beer. Carol always responds to a customer's enquiry by typing into her computer and responding, even...

July 10, 2020 | By Peter Went

Technology

Will COVID-19 Transform the Banking Landscape?

Even as the world gradually reopens, traditional banks are facing an uncertain future, rife with vanishing revenues, huge projected credit losses, declining earnings and stiff digital banking...

June 12, 2020 | By Peter Went

Technology

COVID-19 Shines Spotlight on Fintech

Fearing the risk of community transmission during the SARS pandemic, users in Asia flocked to a small online e-commerce company, Alibaba, helping it reshape e-commerce and finance. Persistent social...

May 1, 2020 | By Peter Went

Technology

The Technology Revolution in Finance: Fintech, BigTech and AI

COVID-19 has had an unprecedented impact on the economy, society and financial institutions. While the long-term effects are uncertain, we know that the global pandemic will fundamentally transform...

April 9, 2020 | By Peter Went

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