Digital Services
How AI-Driven Digital Automation is Driving the Future of Mortgage Underwriting?
Mortgage underwriting is one of the most critical processes in financial institutions to measure the level of risk associated with...
Digital Services
Predictive Modeling for Next-Best Offer in Financial Services
Predictive modeling has found numerous applications in financial services, such as forecasting loan delinquencies, fraud occurrences, customer churn rates, market...
Digital Services
Applications of Advanced Analytics in Mortgage Origination
Mortgage origination is a complex and ever-evolving landscape that requires lenders to keep a proactive approach to risk management, balancing...
Credit Risk Management
The Role and Importance of Stress Testing in Credit Risk Management
Stress testing is a simulation technique crucial to test or assess the resilience of financial institutions and their portfolio or...
Credit Risk Management
Future of Credit Risk Modeling: Trends and Applications
The future of credit risk modeling is continuously evolving with the ever-increasing integration of artificial intelligence and machine learning. These...
Credit Risk Management
Effective Risk Management Techniques to Improve Credit Portfolio Returns
A credit portfolio—comprising loans, bonds, and other such credit exposures—is pivotal to the financial health of a bank or financial...
Credit Risk Management
Credit Risk Analysis Techniques in Banks and Financial Institutions
Credit Risk analysis techniques are quantitative tools that banks and financial institutions can use to evaluate the borrower’s ability to...
Credit Risk Management
Modern Approaches in Credit Risk Modeling
Credit risk modeling is relatively a very old and essential component of financial risk management, where decisions cut across lending,...
Enterprise Risk Management
How to Manage Different Types of Model Risks in Banks & Financial Institutions
Financial modeling plays a critical role in banks and financial institutions. They assist financial institutions in decision-making, risk management, and...
Credit Risk Management
Top Trends in Credit Risk Management
Credit risk management is one of the fundamental processes and an essential function in financial institutions. It aims to identify,...
Enterprise Risk Management
Credit Portfolio Management – Challenges and Strategies
Credit Portfolio Management (CPM) is a key function for banks and financial institutions. It consists of a critical set of...
Compliance
Reconciliation in Banking – Importance and New Challenges
Financial reconciliation is a fundamental process in accounting, which involves auditing a company's books or general ledger and tallying them...
AML Compliance
Evolving AML Trends: How Global Sanctions and Regulations Impact Compliance Strategies
In recent years, the landscape of Anti-Money Laundering (AML) violations and fines has seen significant developments influenced by global sanctions,...
AML Compliance
How to Build a Robust Transaction Monitoring System for AML Compliance: Guide for Bankers
The banking industry continues to build robust AML compliance systems and practices amid growing financial crime threats and volatility. In...
AML Compliance
How to Build an Expert Compliance Team: A Guide for Banks
In today's rapidly evolving financial landscape and increasing regulatory requirements, banks and financial institutions face a significant challenge: managing complexity...
Compliance
Key Challenges in RegTech Adoption for Financial Institutions
Financial institutions bear substantial compliance costs, varying inversely with their size. However, failure to comply with the regulatory requirements also...
Compliance
How to Enhance Fraud Detection in Digital Payments – A Guide for Banks
The shift towards real-time or instant payments is becoming increasingly common worldwide. However, with new payment systems, such as digital...
Financial Crime
What is Correspondent Banking and Its Associated AML Risks?
Correspondent banking is a critical component of the global financial system, which enables one bank to provide cross-border payment services...
AML Compliance
How to Improve the Sanctions Screening Process in Banking?
Sanctions screening plays a pivotal role for banks in the fight against financial crimes. It acts as a frontline defense...
AML Compliance
How Blockchain Can Help Banks Enhance AML Compliance?
Financial crimes, such as money laundering, fraud, terrorist financing, etc., are serious crimes that are constantly evolving with the advancements...
Compliance
Cybersecurity Laws, Regulations, and Standards for the Financial Services Industry
With the growing amount of personal and business data in the custody of financial institutions, they face unprecedented risks to...
AML Compliance
How to Conduct AML Risk Assessment: Types and Implementation
In the modernizing financial services landscape, the risks of financial crimes such as money laundering and terrorist financing have increased...
Compliance
How to Navigate Cross-Border AML Regulatory Compliance Challenges?
Financial institutions often encounter vast compliance challenges while operating in the domestic market. The regulatory challenges become even more complex...
Compliance
What is Transaction Laundering: A Growing Threat to AML Compliance
Transaction laundering is a process through which unknown entities use and process their payments through facilities provided by a merchant...
Compliance
Regulatory Technology (RegTech) for Compliance in the Financial Services Industry
RegTech or Regulatory Technology refers to technology that helps financial institutions manage their regulatory and compliance requirements efficiently and cost-effectively....
Insurance Services
How to Deliver Effective Insurance Services with Managed Services and Digital Solutions
In the fast-paced world of insurance, staying ahead of the competition requires more than just offering competitive rates and excellent...
Managed Services
How to Choose the Right Managed Services Provider for Your Financial Services
Choosing the right managed services provider (MSP) for your financial services operations is a critical decision for the success and...
Managed Services
How are Managed Services Different from Traditional Outsourcing in Banking?
Managed services and outsourcing are often used as synonyms. However, there is a major difference between the two. Managed Services...
Digital Learning
Boosting Workforce Training in Banking with Digital Learning
Banking and financial services are transforming due to technological disruption, changing customer preferences, and regulatory shifts. While financial institutions are...
Managed Services
The Role of Managed Services in Streamlining Financial Services
In the digital-first world, the financial services industry is constantly evolving, navigating the unpredictable economic and regulatory landscape driven by...
Enterprise Risk Management
Credit Risk Management Processes, Best Practices & Techniques
Credit risks can severely impact a bank’s financial stability and reputation and can appear in many forms such as loan...
Wealth and Asset Management
How to Manage Fraud Risks in Wealth and Asset Management
Wealth and asset management firms are prone to fraud risks that can severely impact clients and financial institutions. In recent...
Wealth and Asset Management
How AI and Machine Learning Are Transforming Wealth and Asset Management Services
Modern technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), are helping the services industry to meet the rising...
Compliance
FATF Red Flags for Money Laundering and Terrorist Financing
Money laundering has been rising globally despite the growing laws and regulations and clamping down from enforcement agencies. The annual...
Compliance
What is Financial Crime Compliance (FCC)?
Financial Crime Compliance (FCC) is a process to ensure your bank or financial institution is meeting the policies, standards, and...
Compliance
Guide to Anti-Money Laundering in Banking and Finance
Anti-money laundering or AML in banking and finance refers to the legal obligations, set of rules, procedures, and regulations to...
Financial Crime
FATF Risk-Based Approach to Managing Financial Crime Compliance – Guidance for Banks
Adopting a “risk-based approach” or RBA is crucial for financial institutions to meet compliance with anti-money laundering (AML) regulations. The...
Digital Knowledge Operations
Managing ACH Fraud Monitoring and Investigation Using the Digital Knowledge Operations™ Approach
Automated Clearing House (ACH) frauds are among the most common financial crimes involving the illicit siphoning of money from one...
Digital Knowledge Operations
Deliver Fast and Compliant Mortgage Lending with Digital Knowledge Operations™
The digitized marketplace highlights two striking trends for mortgage lenders viz. the growing customer expectations and the evolving regulatory landscape...
Compliance
The High Costs of AML Transaction Monitoring: Can Machine Learning Help?
The Bank Secrecy Act (BSA) obligates financial institutions to follow a stringent transaction monitoring process to track/monitor, investigate, and report...
Compliance
Anti-Money Laundering Compliance – Checklist and Best Practices
Money Laundering is a persistent problem globally. As per UNODC, 2-5% of global GDP ($800 billion - $2 trillion) is...
Financial Crime
Why Adopt Robotic Process Automation to Fight Financial Crimes (5 Benefits)
Financial crimes have been a growing problem for banks and other financial institutions. Offenses like money laundering have drawn increased...
Mortgage
As Mortgage Rates Increase, Mortgage Fraud Increases
Due to growing inflation and the Federal Reserve's interest rate hike since 2018 in mid-March, the mortgage market, which had...
Financial Crime
Managing Financial Frauds with Intelligent Digital Solutions
The onset of the pandemic saw a humongous increase in the number of financial crimes all around the world. According...
Financial Crime
How do Banks Tackle Financial Crimes? The Key Lies in Risk-Based Approach and Domain-Led Expertise
Businesses worldwide are undergoing a wave of disruption led by shifts in technology, mindset, and culture. Amid these upheavals, organizations...