The dictatorship’s fingerprints are everywhere, from last month’s hack of a bitcoin exchange to the 2017 heist on Bangladesh’s central bank.
Recent lender losses have underscored the need to supplement credit bureau reports with alternative data sources.
To avoid damaging good customer relationships because of credit issues, financial institutions need to take a more proactive approach to handling delinquencies.
Effective risk oversight on a national and global scale requires a government-sponsored but non-regulatory organization.
Facebook and Twitter can help financial institutions know their customers better but can also help fraudsters know them better as well.
When a bank needs to improve risk management systems and IT is absorbed with other priorities, risk managers need to look at intelligent decision automation.