An early-stage role for product developers in shaping controls can help meet rising customer expectations for digital offerings.
Many financial institutions play lip service to improving operational risk management but the smart ones embed it into their culture.
Scenario planning can be a powerful tool for helping banks guide their performance through uncertain economic times.
Universal lending systems can lower costs, increase wallet share, improve access to customer data and reduce compliance risk.
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.