Empyrean Solutions’ Post

The Banking, Financial Services, and Insurance (BFSI) industry is evolving. New technology is redefining relationships with clients, and long-term growth is dependent on finding highly skilled talent. That's why Hays has teamed up with Everest Group to release our new whitepaper, which includes six actionable steps you can take to remain competitive in your sector. Download today ❗ ❕ ❗ #compliance #risk #financialcrime

I get a lot of questions from customers on Interest Rate Risk in the Banking Book (IRRBB), deposit modelling and liquidity stress testing. This collaboration between Risk.net and Moody's Analytics covers these important topics.

Unlock the critical resolutions shaping risk and compliance in the dynamic banking and financial services landscape. Swipe left for a quick snapshot of the top 5 resolutions for 2024. For more comprehensive insights, check out our blog: https://bit.ly/3HhlAuQ #BFSI #riskmanagement #compliance #2024Trends #2024Goals #FinanceInsights

We're excited about the transformative potential of the Account Aggregator framework in the financial sector. By enabling faster credit approvals, enhancing customer experiences, and reducing fraud risks, CAMSfinserv Account Aggregator is paving the way for significant industry advancements. Dive into our latest blog for an in-depth look at how this innovation drives business growth.   #CAMS #AccountAggregator #FintechInnovation #FinancialGrowth #BankingTransformation

Risk doesn't always show itself, yet it is an ever-present companion for insurers. Risk is growing and becoming more complex. Gone is its predictability. Risk events are becoming more frequent. New risk layers, such as climate, societal, and technology risks, add new considerations and complexity. Resilience is essential to living in a world filled with risk. Resilience can be described as the ability to return to the status quo after an event with negative impact – whether to assets like our businesses, homes, or vehicles or for our own personal or employee health and wellbeing. Risk resilience focuses on the ability to avoid or minimize risk, decreasing the impact of recovery. The concept of risk resilience is closely aligned to the old adage of “control what you can control.”  It is now front and center for insurers as they consider new risk management strategies as a crucial component of their underwriting and customer service strategy. While most insurers are focused on improving risk assessment, many more are expanding to also focus on loss prevention and mitigation, creating risk resilience for customers. Risk resilience through prevention and mitigation is becoming the marketing love language of insureds — eclipsing claims payouts, rehabilitation, repair or restoration to drive profitability and customer loyalty. Sabine VanderLinden Nigel Walsh Terence Mills Minh Q. Tran Ema Roloff Robin Roberson Steve Anderson Christopher Frankland 🌎 Rob Galbraith Meredith Barnes-Cook Monique Hesseling Bobbie Shrivastav, MBA, PMP, PMI-ACP, CSM Robert Pick Patrick Davis Karlyn Carnahan Megan Kuczynski Stephen Applebaum

Make sure to stop by the Veefin booth live at our "𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗦𝘂𝗺𝗺𝗶𝘁 & 𝗔𝘄𝗮𝗿𝗱𝘀 𝟮𝟬𝟮𝟰" at 𝗧𝗵𝗲 𝗪𝗲𝘀𝘁𝗶𝗻 𝗠𝘂𝗺𝗯𝗮𝗶 𝗚𝗮𝗿𝗱𝗲𝗻 𝗖𝗶𝘁𝘆. Explore innovative solutions and learn how Veefin can enhance your risk management processes. Drop by to engage with their team, experience live demos, and uncover exclusive insights. #UBSFCRM #creditrisk #AI #banking #modelrisk #creditscoring #lending #modelriskmanagement #RiskIdentification #riskmodeling #conference #riskmanagement #finance #creditcontrol #loanrisk #creditunderwriting #CRO #CCO #regulatorycompliance #creditmanagement #ubsforums  

Risk is becoming more frequent, more complex, and less predictable. Investing in risk resilience technologies like #Majesco Loss Control helps drive profitability and customer loyalty. Find out how: https://ow.ly/Guis50QyiVe #futuretrends #lossscontrol #risk #insurance #insurers #insurtech #riskmanagement #riskresilience #underwriting #digital

The continuing emphasis placed on performing repeatable, insightful, and actionable RCSAs aligned across entities and lines of business should be of increased focus for #banks and #CreditUnions. Read more in the latest article from FORVIS on how an effective RCSA framework provides forward-looking identification, assessment, and reporting of risks and controls to help financial institutions achieve their business objectives.

The continuing emphasis placed on performing repeatable, insightful, and actionable RCSAs aligned across entities and lines of business should be of increased focus for #banks and #CreditUnions. Read more in the latest article from FORVIS on how an effective RCSA framework provides forward-looking identification, assessment, and reporting of risks and controls to help financial institutions achieve their business objectives.