I recently saw a headline in the Financial Times that said some big banks think that shifting out of LIBOR may cost more than Brexit. I am sure that headline caused a collective gasp in some corners of the United Kingdom.It is hard to... Read More
I’m a fan of James Bond films and can think of at least three films that included scenes on a train. There’s something high-stakes and action-filled about trains on the move.I see some parallels between moving trains and the... Read More
Privacy is perhaps the most difficult to manage of the three areas of IT security risk that I’ve talked about in my blogs. (In the first article, I discussed security and in the second availability.)Indeed, if privacy risk is... Read More
Watching how fintechs and established financial services companies come together is a bit like watching a romantic comedy.There always seems to be some big mismatch between the two partners that may seem inconsequential but is actually... Read More
Since the financial crisis of 2008, banks have faced increasing regulatory scrutiny and a growing number of rules to follow. For many mid-sized banks, regulatory compliance is a costly and complex web to manage.Enter reg-tech, a range of... Read More
In 2016, Germany received 40 percent more reports of suspected money laundering than the year before, the highest increase in 15 years, according to officials. The newly established Financial Intelligence Unit (FIU), which is now... Read More