How to Ensure Successful Risk Management?

In order to survive in today’s raging economic times, it is imperative that companies manage risk well. Effective risk management ensures value, agility and efficiency for the organization.Apply the following risk management steps for success at your organization:Step One: Risk Identification and DocumentationIdentify all risks that are lik [...]

Automated and Integrated Safety Management System

Are You Still Relying on Spreadsheets for Safety Management? Or do you have an automated and integrated safety management system at your workplace?Unfortunately many organizations today are still relying on spreadsheets to track their safety resources, training, and controls. Spreadsheets despite being a powerful tool, lack many of the functions required [...]

Enterprise Wide Cyber Risk Management

Our financial industry has been plagued with financial crimes like phishing, fraud, critical data leakage, security lapses and anti-money laundering experiences. Cyber security has become an extremely important challenge for the banks. Failure in cyber security not only impacts operations, reputations and core processes, but public’s confidence in financia [...]

Are Robots Taking over Banking Industry?

A recent Business Insider survey of chief technology officers, entrepreneurs, chief innovation officers and startup founders found out that financial industry was bracing for “automation” in the next decade. Many of us have the inherent fear that technology is all about replacing humans. But Fintech is all set to embrace automation with a clear intention [...]

Why Banks are Apprehensive to Fully Embrace Fintech

Last year, Fintech investment grew 44% to $14.8 billion, aiding the development of digital tools in areas such as mobile payments, money transfer, lending and alternative currencies. So why are incumbent financial institutions apprehensive about jumping in?The regulatory framework dictating how banks can use emerging technologies is not very well-d [...]