The dictatorship’s fingerprints are everywhere, from last month’s hack of a bitcoin exchange to the 2017 heist on Bangladesh’s central bank.
First and foremost, bankers need to be effective risk managers in a world where forms of risk keep multiplying.
An efficient loan administration system needs efficient tracking of documentation exceptions.
A cloud-hosted portal will enable banks to integrate both risk management and financial performance analysis.
While most financial institutions strive to be ‘relationship-based’ lenders, balancing the relationship with strong credit controls is the key to making those relationships profitable.
To avoid getting blindsided by unexpected risks, financial institutions need a loan review system that properly segregates responsibilities and provides the appropriate level of depth.
An Identity and Access Management system needs to be enterprise-wide, scalable and flexible to avoid mounting costs and risks in an increasingly risky environment.
As federal regulators move towards a standardized approach to risk weighting assets, bankers should be ready with their own strategic response.