PYMNTS

DECEMBER 5, 2018

Banks are often applying decades-old risk management strategies to their cyber risk management efforts, according to Simkins, because they lack the adequate understanding and experience of cybersecurity, as well as third-party risk management on a cyber level. But the cyber risk is new.”

Risk Mitigation 76

Risk Mitigation Security Data Breach FinTech 76

The Finance Weekly

AUGUST 26, 2023

For example, it manages borrower’s credit data and spots early financial signs. This helps lenders proactively tackle credit risks. Also, AI's predictive analysis forecasts borrower defaults and risk levels using data. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates.

Risk Management 52

Risk Management Risk AI Liquidity Risk 52

PYMNTS

JUNE 17, 2020

That tactic — cutting corners and pennies — shows a glaring disconnect in risk management, according to Taylor. He said banks pay a lot of attention to financial risk, spanning liquidity risk, credit risk and overall exposure to different markets. It’s not that the bad guys are smarter than us,” he said.

AML 75

AML Money Laundering Compliance Financial Crimes 75