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AML (3)

Models Are Essential for Banks, but How Do We Know They’re Right?

Banks are dependent upon models of all kinds. This is because reality is much too complex for us to understand well enough for perfect predictions of the future. Models are used as a simplification of reality.

It Takes a Village to Manage Operational Risk

Whose job is it to manage operational risk?

  • The Chief Risk Officer? Check
  • Operations Management? Check
  • Compliance? Check
  • Data Management? Check
  • Technology Providers, FinTech and RegTech? Check
  • Yours and mine? Check!

This morning I had the...

What Every FinTech CEO Should Know About Risk Management

A FinTech CEO who doesn’t understand risk management is at a crushing disadvantage.

Why?

Banking at its core IS the business of managing risk.

Banks don’t just have to be risk-aware. They are in the business of managing risk on other people’s...