Market Analysis research
31 research papers
Global Risk IT Expenditure in Financial Services 2017
The risk technology landscape continues to evolve, shaped by forces at the macro and micro levels: regulatory pressure, the evolution of technology, macroeconomic and geographic factors and, at the organizational level, cultural, financial and structural changes. This report analyzes how and where…
Safety in Numbers - Toward a New Methodology for Quantifying Cyber Risk
For financial institutions, safeguarding against cyber attack is now about more than just protection – increasingly it means managing cyber risk effectively across the organization. In modern, diffuse networks, such as those in most large banks, allocating risk across multiple network nodes …
RiskTech100® 2017
Welcome to Chartis’s RiskTech100® report for 2017. Now in its eleventh year, the RiskTech100® is globally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology. This year we’re delighted to feature additional insight from our…
Spotlight on Blockchain in Financial Services - Time to Rein in Expectations
As technology innovations go, few can have had as much impact – or have been the subject of as much fevered speculation – as blockchain. For some it’s a revolution – likely to be as important as the arrival of the internet. Others, wary of hype, are more sceptical. Much of the debate has been about…
Spotlight on KYC
Know Your Customer (KYC) is the process a business undertakes to verify the identity of its clients. A core component of KYC, the Customer Identification Program (CIP) process, has typically been conducted when a customer is physically present to meet with their banker and copies of documents are…
Spotlight on BCBS 239 - It Was Never Going To Happen On Time
Progress towards full BCBS 239 compliance has been slow. The principles-based approach of BCBS 239, coupled with the current lack of compliance benchmarks means that banks are unsure of what exactly “good looks like” in their particular case, and this will differ for each bank. Further problems…
Spotlight on New OpRisk Measurement Standards: Flawed Regulations Based On Flawed Models
On March 4 2016 the Basel Committee put forward proposals to introduce the Standardized Measurement Approach (SMA) for operational risk and abandon the Advanced Measurement Approach (AMA). It explained that SMA: “Provides a single non-model-based method for the estimation of operational risk…
Quantification of End User Computing Risk in Financial Services
Losses at financial institutions (FIs) are often attributed to corruption, greed, or poor investment decisions. This is reflected in many of the established regulations and subsequent investment in risk management, and through the historical focus on managing credit risk, operational risk,…
From Compliance to Performance Using Technology to Drive Value from Regulatory Initiatives
In an economic environment of low inflation, low interest rates and single-digit returns on equity, banks are reassessing how technology can be used to derive value from regulatory initiatives. There are two primary regulatory initiatives that are playing a key role in influencing bank business…
Cyber Risk Management in Financial Services 2016
The threat of a cyber attack has moved up the agenda at financial institutions (FIs) after a number of high profile attacks involving data breaches, ransom demands, distributed denial of service (DDoS) attacks and other hacks. Examples include the Carbanak gang that stole $1bn from 100 banks across…