regulation

Taking a risk-based approach to compliance management

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. To explore this topic further, IBM is hosting a RegTalk panel discussion with industry experts from IBM, Promontory Financial Group and Thomson Reuters on May 16 at 10 […]

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

Have banks reached an AML compliance inflection point?

Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off: This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to speed. I think […]

Continue reading

An innovative risk path beyond aggregation for finance: An interview with Peter Chirlian

IBM recently announced its acquisition of Armanta, a provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed.  We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s innovative approach to […]

Continue reading

Watson at Work at IBM Think: Meeting compliance through cognitive computing

Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. The cost of not being compliant is astronomical – since 2008, more than $50 billion in fines have been […]

Continue reading

Mastering the paradox: How a bank CEO can invest in the future and cut costs today

Let us pose a question: How does a financial institution cut costs today and manage compliance, while still spending on the future? One answer: Move to the cloud. This paradox is explored as we discuss how new technology architecture can drive value for financial services companies as well as how to map the transformation journey […]

Continue reading