Seven reasons why challenger banks choose IBM Safer Payments

Challenger banks, also referred to as digital banks or “neobanks,”are recently created retail banks competing directly with the longer-established banks. Challenger banks distinguish themselves with modern financial technology practices such as online-only operations that avoid the costs and complexities of traditional banking. This trend first emerged in Europe and has progressively gained traction in all […]

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Why shell companies are so risky (and hard to spot)

Shell companies and the hidden threat of entity risk While not inherently illegal, shell companies have been getting a lot attention recently for the role they play in illegal activity. This makes sense, as two of the legitimate uses of shell companies are the ability to shield owners from litigation and as a vehicle for […]

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Why QIIB trusts IBM Safer Payments for cross-channel fraud prevention

Fraud prevention is about who you can trust. For financial institutions, it’s about understanding the relative risk of a customer, a merchant and/or a transaction, as well as hundreds of different factors including location, amount, device, etc. But for customers, both actual fraud attacks as well as incorrectly blocked legitimate transactions represent a breach of […]

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Is “openness” the next big word in financial crime?

About a month ago, I attended the IBM RegTech Summit in London, which brought together a mix of financial services professionals, regulatory experts and technologists. But the terminology was markedly different than most financial crime and compliance events I’ve attended. With terms like “AI,” “machine learning,” “cloud” and “innovation,” you could make a successful run […]

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IBM Algo FIRST becomes IBM FIRST Risk Case Studies

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. Algo FIRST was acquired by IBM as part of the Algorithmics acquisition which took place in October 2011. During its time at […]

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The Thomson Reuters and IBM Exclusive Breakfast Briefing, Oct. 2, 2019 in Toronto

How do compliance professionals manage more than 57,000 regulatory alerts in one year? IBM OpenPages with Watson recently had the opportunity to join host Thomson Reuters for a morning of regulatory compliance thought leadership to explore this very topic. The day began on the 29th floor of Thomson Reuters client center bringing together more than […]

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IBM OpenPages with Watson named one of 2019 Gartner Peer Insights Customers’ Choice

This is a great moment for IBM. IBM OpenPages with Watson has been named one of the 2019 Gartner Peer Insights Customers’ Choice for Integrated Risk Management Solutions. We are incredibly proud of our customers continued input into our offering, especially in our most current release of OpenPages with Watson v8.1 as discussed in my […]

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The challenge of managing hundreds of daily GRC alerts

Today we are inundated with alerts, breaking news, celebrity scandals and what their neighbor had for lunch.  The feeds are not limited to one medium; your computer, your television, your phone, your tablet and now even the watch you wear on your wrist. The flood of data that comes in can bury a person. How […]

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GRC is everyone’s business

In my May 2019 blog, “Has GRC Reached Its Tipping Point? Observations From The Front Lines”, I described a set of common patterns that are driving business initiatives in Governance, Risk & Compliance. These highlighted that: Organizations are transforming their GRC frameworks, They are driving to realize greater benefits from already significant GRC investments, and […]

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Ask the expert: 20 questions fraud fighters want to know

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks, we ran out of time and weren’t able to address some great questions we had from the audience. Instead of waiting until the next episode, I hope these brief answers will be of help and interest to both those […]

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Turning the hard realities of payments modernization into opportunities

Payments modernization initiatives around the globe have long been a topic of huge interest and are at different stages of implementation in different countries. Time and again, it has proven to be a catalyst for transformation that has fueled innovation. Canada is now completely into this modernization party, driven by the modernization agenda and timeline […]

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