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Fintech in 2017: Risk management takes center stage

A day in the life of the gentleman banker was once described by the 3-6-3 rule – accept deposits at three percent, loan money at six percent and tee off at the golf course at 3 p.m. The financial services industry can rightfully state that it has come a long way since then. It has implemented technological innovation and managed risk in a constantly changing economic environment over several decades. The gentleman banker has since evolved into a sophisticated financial risk manager who works within a complex framework of rules and regulations with tens of trillions of dollars of assets under management. 

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Topics: big data, banking, AML, fintech, regtech, regulation, machine learning, money laundering, risk management

Occam's Razor and Managing Model Risk

Introduction

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Topics: banking, AML, model validation, occam's razor, mathematical models, risk management, financial risk, data analytics