Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .




50 industry experts give critical insight on how to better manage credit risk – the full report is now available to download

Untitled9 - Global Banking | Finance “Credit Risk Managers need to seize the moment. This is the first time in history where mandatory regulatory changes are shaking up business as we know it, allowing game-changing data and analytics to pull the largely out-dated credit risk platforms across financial services in to the 21st century – let’s make the most of this opportunity,” says Marsha Irving, SVP of Financial Services at FC Business Intelligence.

Having spoken to over 50 credit risk experts, compliance with regulation is the leading issue causing significant and unpredictable changes to their daily routine. With a huge range of regulatory changes to comply with and a sliding scale of expectations, the industry is desperately looking for some solid ground.

However, there seems to be a silver lining in this dark cloud of regulation. Upgrading old, tired systems will allow the financial services industry to significantly diminish the risk of default, which in turn boosts profitability.

Getting better access to data and being able to improve information analysis brings banks and credit unions closer than ever to their individual customers by getting a clearer view of their behaviour and being able to respond to this.

The major issue is how to acquire the right technology and skillsets to take advantage of this opportunity to invest, once the decision to invest has been approved. Ovum predicts that by 2014 North American financial services institutions will spend $59.3 billion on IT solutions.

The expanding number of solutions providers across the data and analytics space leaves many companies questioning how to best invest in their new credit risk management platform.

As Ms. Irving suggests, “there is a short period of time between the allocation of capital for IT improvements and when the regulatory deadlines must be met. That means there is an urgent need right now to find the best overall solutions!”

In a 13-page industry report, which has surveyed 50 experts dealing with these challenges on a day-to-day basis, we look at this transition in the credit risk market and provide case studies and examples of first-movers in this radically new business environment. You can access the Credit Risk Management industry report right here.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post