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Front Office Risk Management Technology 2018
A complex tangle of embedded components Over the past three decades, Front Office Risk Management (FORM) has developed in a piecemeal way. As a result of historical business drivers and the varying needs of teams focused on different products within banks, FORM systems were created for individual…
Automating and Enhancing the CLM and KYC Journey in the Digital Age
In the rush to fulfil their Know Your Customer (KYC) and Client Lifecycle management (CLM) obligations1, many Financial Institutions (FIs) have established large compliance departments. Often unwieldy and inefficient, these can comprise thousands of full-time employees (FTEs) engaged in repetitive…
CECL Technology Solutions 2018
In May 2017 Chartis published its Spotlight on the CECL Reporting Standard, which: Summarized the main impacts of the new Current Expected Credit Loss (CECL1) standard for Financial Institutions (FIs). Considered its implications for FIs’ technology systems. Suggested some approaches FIs can take…
