Social responsibility, inflation top worry list for risk managers

CFO Dive

Economic worries, social responsibility concerns and cybersecurity weaknesses topped the list of concerns for risk and compliance leaders facing an increasingly complex regulatory environment

The World of Currency Risk Management Solutions

CFO News Room

The Canadian dollar suffered because it was perceived as a risk-sensitive currency during the global financial crisis and the subsequent European debtcrisis. The choices that companies make about how to manage currency can shape their profitability in a material way.

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Risk Management and the Baby-Formula Shortage

CFO News Room

If there were FDA preapproved alternative suppliers, such as European producers, as part of a supply-chain risk-management strategy, companies would have been able to ship formula immediately, bolstering supplies more quickly and with all needed safety authorizations.

From risk management to strategic resilience

McKinsey

Senior executives at leading companies reveal their commitment to move from defensive risk management to a forward-looking stance based on strategic resilience. Risk & Resilience Insights Risk Management Strategy Corporate Finance

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Perspectives on model risk management of cybersecurity solutions in banking

McKinsey Public & Social Sector Insights

The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls. Cybersecurity Cybersecurity/Risk Risk Management

The World of Currency Risk Management Solutions

CFO Leadership

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. Developing an effective risk-management strategy can be as critical for those businesses as having a viable business model.

Much-Needed Principles of Risk Management for a Changing World

Planful

Traditionally, finance teams have always worked on-premises, either due to security risks or limited access to data. The post Much-Needed Principles of Risk Management for a Changing World appeared first on Planful.

A New Reality For Supplier Risk Management

PYMNTS

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk.

Model risk management 2.0 evolves to address continued uncertainty of risk-related events

McKinsey

Organizations this year plan to enhance their MRM framework capabilities—including risk culture, standards, and procedures—and to upgrade their validation resources with MRM 2.0 Risk & Resilience Insights Banking Risk Management

Crowe: Risk Management With RegTech As Strategy

PYMNTS

Marry tech and talent, then risk management can pay dividends, notes an upcoming PYMNTS webinar. Not only is regulatory oversight on the rise, but social media has emerged as a strong watchdog, too, keeping financial institutions (FIs) mindful of unchartered territory, where risks to reputation and revenues abound. At the same time, risk and compliance professionals still are inundated with manual tasks. Taking on more risk?

Fusion Pulls Suppliers Into Its Corporate Risk Management Software

PYMNTS

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. The updates include connectivity with third parties, allowing its Fusion Framework System users to engage with their suppliers and other third parties in supply chains to streamline the vendor risk assessment process.

Profile Software Unveils FX Risk Management Tool

PYMNTS

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. It can fully accommodate rapid business expansion and future needs for competitive Treasury management operations.”.

Esker Adds More Visibility, Risk Management To Supplier Solution

PYMNTS

Esker , which specializes in artificial intelligence (AI)-driven process automation software, has launched a new supplier management solution in its procure-to-pay automation suite, which will help businesses manage and automate their supply chains, according to a press release.

Coupa Bolsters Controlled Spending, Risk Management Capabilities

PYMNTS

Coupa , which works in business spend management, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.

Argos Risk, Gatekeeper Partner For Risk Management Services

PYMNTS

Argos Risk , which monitors the financial health of other companies, has entered an agreement with software-as-a-service (SaaS) solution Gatekeeper , according to a press release. It generally allows businesses to keep their scorecards clean and do away with unnecessary risk.

WePay On The Art Of Payments Risk Management

PYMNTS

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. It is also, according to WePay Co-Founder Rich Aberman and WePay VP of Product Risk, Compliance and Experience John Canfield , one of the most difficult topics to really get a handle on. That precipitates the need to have new ways of look at risk management.”.

Wells Fargo Announces New Risk Management Hires And Strategy

PYMNTS

Kevin Reen and Bill Juliano, who recently worked for J.P.Morgan Chase and Santander Bank respectively, will now serve as Wells Fargo ‘s new corporate risk leaders, in the company’s attempt to have better oversight going forward.

How to Improve Risk Management Through Scenario Planning

The Finance Weekly

Scenario planning is a method of strategic financial planning that enables finance leaders to mitigate risk and prepare for volatility. Equipped with these powerful insights, the c-suite can better mitigate risks and prepare for change through informed decision-making.

Book Review: Risk Management Competency Development in Banks

CFA Institute

Risk management at banks — especially in a post-financial-crisis world — is a topic of critical importance to investors and regulators. Book Reviews Drivers of Value Economics Risk Management Standards, Ethics & Regulations (SER) Regulations Standards and Ethics risk management

Wells Fargo Overhauling Risk Management Processes

PYMNTS

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. According to a report in The Wall Street Journal citing employees and an internal memo that was described to the paper, Wells Fargo also let employees know about the reorganization to better manage risk.

How robust is your carbon trading strategy and risk management response?

PWC UK

by Tom Bullock Senior Manager. If you have identified an exposure to carbon markets or want to comprehensively manage your carbon exposures but are still working out what to do, you are not alone. Various options are open to you: Reduce the risks through operational changes.

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 2021

IBS FINtech

The Asset Triple A Awards awarded IBSFINtech India at The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management, as the technology partner of our esteemed clients, Polycab, Blue Star and JSW International in various categories.

The Rise Of Currency Hedging And Risk Management

PYMNTS

In a new PYMNTS interview , Karl Schamotta, regional director of risk management solutions at Cambridge Global , which sells currency hedging and related services — tasks that have recently assumed greater importance in eCommerce and other industries because of the stronger U.S. You can be sure risk management will continue to gain importance. Market Conditions agriculture cambridge global currency hedging farmers Karl Schamotta Netflix risk management

The Rise Of Risk Management In Commerce And Payments

PYMNTS

Cross-border operations can expose companies to an array of risks, including foreign exchange risk. According to Western Union, its newest tool for Hong Kong SMEs provides capabilities for favorable currency movements, reports said, while hedging against risk in the case of unfavorable FX fluctuations. Earnings cambridge global currency fluctuations earnings foreign exchange hedging Netflix News risk management Turkey

A Guide to Risk Management in Business: What you Need to Know

Financial Analyst Insider

There are many risks involved in living and most of the time, we minimize risks without thinking about it; we wear our seatbelts when travelling. The post A Guide to Risk Management in Business: What you Need to Know appeared first on Financial Analyst Insider.

IBSFINtech India recognized at The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 2021

IBS FINtech

May 4th May, 2021 The Asset Triple A Awards, the pre-eminent recognition for those that excel in their respective industry announced IBSFINtech India as the winners in multiple categories at The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 2021.

Top 4 Articles for Treasury and Risk Management

Reval

Want to know what your peers are reading on treasury and risk management ? Case Study: How Jaguar Land Rover Improved FX Risk Management. Selling premium vehicles in 160 countries, Jaguar Land Rover was challenged to manage significant FX exposures.

CFPB Debuts Consumer Credit Card Risk Management Tool

PYMNTS

15) the launch of Consumer Credit Trends, a web-based tool to help consumers monitor developments in consumer lending and to ascertain potential future risks. The Consumer Financial Protection Bureau (CFPB) announced Thursday (Dec. In a press release, the CFPB said the beta version of the tool encompasses the mortgage, credit card, auto loan and student loan markets.

The Inflation Game: War, Peace, and the Perils of Central Banking

CFA Institute

Coronavirus Economics History & Geopolitics Philosophy Risk Management central banking Inflation interest rates Monetary Policy risk management US Federal ReserveRecession is now a virtual inevitability.

Citi Treasury Teams With Feedzai To Offer Real-Time Risk Management

PYMNTS

19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce. In a press release, Citi said it will integrate Feedzai’s transaction monitoring platform, powered by machine learning technology, into its services and platforms, with a focus on control and risk management for payments. Citi’s Treasury and Trade Solutions (TTS) announced on Wednesday (Dec.

CFOs Failing Their Boards In Fraud, Risk Management

PYMNTS

But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. Beyond fraud management, Kyriba identified several areas in which boards are eager to collaborate with CFOs and gain their expertise.

How to Align Enterprise Performance Management with Risk Management

Planful

However, in today’s business environment, stakeholders are increasingly looking to boards and senior management to better manage strategic, regulatory, and other risks – while they make decisions that impact performance. This was the focus of the New Jersey Chapter of the CFO Leadership Council at its May 2017 panel discussion titled “How Much Risk Is in Your Risk Management?” Why Is Risk Management Important?

How to build geopolitical resilience amid a fragmenting global order

McKinsey Public & Social Sector Insights

Organizations need to strategically invest in capabilities, people, processes, structures, and technology to navigate the risks arising from an evolving and fraught geopolitical landscape. Risk & Resilience Insights Risk management organization Operational risk management

Three keys to a resilient postpandemic recovery

McKinsey

Risk & Resilience Insights Risk Management Strategic risk managementThe path to sustainable, inclusive growth lies in building resilience now.