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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

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Finastra Leverages OpenFin to Offer Streamlined Treasury Experience

Fintech News

This technology enables users to customise their experiences and access integrated applications through a unified dashboard to improve the ease and effectiveness of treasury management tasks. Finastra’s Kondor system has advanced capabilities in supporting complex trading, risk management, and operations.

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

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Treasurers Trust Big Data For Real-Time Risk Assessment

PYMNTS

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. Putting it bluntly,” the report notes, “if you wait until a liquidity crisis hits to cobble together an analysis based on an array of spreadsheets, it is probably too late.”.

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European Central Bank Picks Treasury Management Tech Provider

PYMNTS

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

PYMNTS

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.

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Treasurers Failing To Use Tech To Combat FX Risk, Deloitte Finds

PYMNTS

In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidity risk management is important.

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