Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Alex Richter Head of PassFort at PassFort

KYC loopholes in children’s financial products

As technology evolves, more and more children are gaining ready access to the internet, with Ofcom’s latest research estimating that 55% of children now have their own smartphone. Meanwhile, the market for digital financial services is expanding and many young people are now receiving pocket money via online pre-paid cards like Go Henry or Nimbl. ...

22 August 2022 /regulation

Nick Green Director at Purple Patch Broking Ltd

Bureau data contracts: 4 questions you should be asking

Negotiating the right price and quality of data for bureau contracts is essential for credit providers. Despite this, many organisations are unaware that there are differences in pricing and do not have the knowledge or information needed to negotiate competitive pricing or the pricing that works best for them and their customers. These negotiati

28 April 2022 /regulation /retail

Retired Member 

How banks can protect themselves from cyberattacks in light of the conflict in Ukraine

We live in an increasingly unstable world, a fact which has been exemplified by the unfolding of the Russian invasion in Ukraine. Unfortunately, nationalist tendencies can lead to heightened east versus west sentiments and increased attacks on all nationalities supporting Ukrainian sovereignty. What is unknown, however, is how Russian cybergangs w...

12 April 2022 /retail /crime

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

Managing risk capability in financial organizations

The ability to understand and control risk allows organizations to be more confident in their business decisions. The culture of risk analysis is characterized by the alignment of risk management with the strategy of the organization and the promotion of an integrated approach to risk management. The culture of risk analysis is a delicate balance ...

07 April 2022 /regulation /retail

Tony Crivelli CEO at Fluenccy

The 3 simple steps to better FX rates for your business, forever.

In the world of foreign currency and cross border payments, SMEs are the worst off every time and frankly, I’m tired of it. In my 25+ years working closely with SMEs, their needs and knowledge gaps on the subject have stayed the same and unfortunately, so have the significant losses that come from poor or no foreign exchange strategy. Last ...

05 April 2022 /payments /markets

Vaibhav Grover Senior Director at Sutherland

Is your transformation risk-proof?

This article is co-authored by Vaibhav Dubey, Priyanka Mishra, Suresh Thevar & Vaibhav Grover Banking continues to be in the forefront of driving digital and process transformation. Many banks are on a transformation journey when it comes to core banking or back-office operations. These journeys are initially focused on cost reduction, making e...

21 January 2022 /regulation /retail

Alex Robinson Fraud Analytics at TSB

Workforce behaviour modelling: get proactive about insider fraud

Unsecured systems and processes can be remarkably easy to exploit. Just imagine a banking call centre, where employees process payments on behalf of customers every day. Before the world changed in early 2020, call centre supervisors could control and monitor employee access to customers’ information and money. When that work went remote, supervi...

01 December 2021 /security /crime

Alex Robinson Fraud Analytics at TSB

Is Business Email Compromise the King of Scams?

Globally, there’s been a great deal of media attention on payment scams affecting consumers, and rightly so. In late September of last year, the U.K. Financial Ombudsman Service received more than 5,000 complaints and requests for help with fraud and scams from U.K. consumers, an increase of 66% year-over-year. That same month, UK Finance reported...

17 November 2021 /payments /crime

Debbie Hayes Product Marketing Manager at GMO GlobalSign

The Financial Industry Needs to be Built on a Foundation of Trust

Anyone who is paying attention knows the financial industry is going through an unprecedented digital transformation which has been accelerated by the coronavirus pandemic. At the same time, cyberattacks, particularly ransomware attacks, grow in number by the day. The results of a study by the Ponemon Institute and Keeper Security in January sho...

20 October 2021 /regulation /crime

Steve Goddard FME at Featurespace

Fraud: a ‘national security threat’…why?

In March, a bakery owner in South West England received a curious SMS from her bike courier. The baker, whose canelés are famous in her city, supplies pastries to nearby cafes and other bakeries. She relies on couriers to get fresh pastries to those businesses early in the morning, and the bakery and the courier service have a years-old partnersh...

13 October 2021 /regulation /crime