IBM RegTech Innovations

Driving the RegTech revolution

GRC is front and center at IBM Think 2019

Many financial services organizations are struggling to manage their risk and compliance exposure in the face of ever-increasing challenges. Massive volumes of regulations are being developed across global financial market segments. The risks are varied, the data sources numerous and the relationships between entities are complex. It’s simply too much for traditional processes and infrastructure […]

Continue reading

Reimagining the first line of defense with next-gen GRC

The global financial crisis of 2008 and 2009 brought a renewed focus on the governance, risk and compliance (GRC) processes within the financial institutions, who, not very long ago, viewed GRC as little more than a necessary evil – cost of doing business, which added little value. In today’s rapidly changing business environment, managing responsiveness […]

Continue reading

Agile fraud management takes more than the right models

In recent months, some prominent organizations have begun moving away from their traditional pattern of purchasing colossal, general-purpose infrastructure technology, and have begun looking towards personalized technology options.  This well-publicized trend has also highlighted a wider change in the market, namely, the increasing importance of picking not only the right application, but also the right […]

Continue reading

Address financial crime and high costs with IBM Cloud Private

In the beginning of the cloud computing era, “private clouds” promised the scalability, flexibility and manageability of public clouds, combined with the security and control of on-premises data center environments. But some early private clouds, in fact, were neither private nor clouds. Over time, however, such offerings matured and firms like IBM have led the […]

Continue reading

How do you solve a $48 billion payment fraud problem?

According to recent information from Juniper Research, online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. There’s been a wave of data breaches, now what? The wave of data breaches in […]

Continue reading

RegTalk Podcast Episode 1: Accelerating innovation for AML compliance

With five U.S. regulatory agencies announcing their support and latitude on experimentation in the field of AML innovation, financial institutions are changing their mindset from one of “adequate compliance” to “compliance innovation.” But understanding where to begin this journey, using technologies like artificial intelligence, machine learning, process automation and natural language processing, as well as […]

Continue reading

Quantum computing finds a home in risk management

At school, we were taught classical physics. The laws of Newtonian gravity dominated our studies and life seemed so simple – everything moved in a straight line unless acted on by an external force and F=ma, mass x acceleration. Then it all changed. Strange effects were observed, the photoelectric effect and the wave particle duality […]

Continue reading

Risk management in the cloud: A strategic imperative

For financial institutions, the benefits of moving away from legacy in-house systems to the cloud are obvious. A cloud environment offers financial institutions greater speed and agility than their current environments. But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Financial institutions face a similar dilemma […]

Continue reading

Financial crime in finance: Unlocking communications to find hidden risks

FINRA and other regulators have informed firms of their expectation to adopt practices of “heightened supervision” to isolate high-risk brokers and activities, including those who have previously committed financial crimes. In the past two years, FINRA has released guidance to strengthen controls on high-risk brokers and further indicated it would be an ongoing priority. In […]

Continue reading

What’s new in IBM GRC and OpenPages v8.0?

Over the past year, the discussion of governance, risk and compliance (GRC) has continued in stories related to financial services and other sectors. Headlines related to improper conduct, fraud, infringement of privacy data have all contributed to industry re-examining the meaning of GRC in today’s business environment. The argument that non-financial risk must be approached as […]

Continue reading

Innovating in the open: How the changing GRC landscape inspired IBM GRC’s latest releases in 2018

This past year brought governance, risk and compliance (GRC) to the center stage. Organizations in financial services and other sectors witnessed an increase in “airtime” given to risk and compliance issues at the board level. Stories of improper conduct, and new regulations on data protection and privacy such as GDPR, continued to dominate the business […]

Continue reading