Articles on AI, operational and compliance risk
Analysis by Ahmer Nehal of the events and technologies that create risk for financial institutions, from generative AI losses and digital banking failures to regulatory fines and fraud cases. Each article links to the controls that would have prevented the problem and to the full guide on its topic.
AI risk governance and model risk
Full guide: AI risk governance and model risk
How to Lose Millions with ChatGPT
Generative AI exposes institutions to prompt injection, data leakage, API abuse, deepfake-enabled fraud, hallucinations, bias, intellectual property disputes and data poisoning. These losses are.
A Day in the Life of a Risk Manager in the Year 2074
In 2074, risk management has transformed through the integration of Artificial General Intelligence (AGI), enhancing decision-making and navigating complex global challen
Operational risk, cyber risk and resilience
Full guide: Operational risk, cyber risk and resilience
Why Vocalink was Fined 11 Million Pounds by the Bank of England
A landmark enforcement action by the Bank of England highlights critical lessons for financial infrastructure firms. Discover what it means for the future.
Citigroup's $81 Trillion Dollar Mistake
Discover insights behind a staggering $81 trillion transaction error by one of the world’s largest financial institutions. How prepared are you for such.
Realigning Operational Risk Management for Business Impact
Explore how operational risk management (ORM) can evolve from a compliance-heavy support function into a strategic driver of business performance by.
Key Risks and Controls in a Digital Banking System
Digital banking systems offer unmatched convenience but bring significant risks such as data breaches, fraud, and regulatory non-compliance. Institutions.
How an Operational Failure at this Factory can Lead to World War III
Imagine a single factory so critical to the global economy that its disruption could spark international conflict. This isn’t a distant fantasy, but a real possibility ti
Back to Basics - Should Digital Banks Keep Fallback Controls
In today’s rapidly evolving financial landscape, banks are increasingly turning to digitization to streamline operations, enhance customer experiences, and.
Quantifying Reputational Risk Metrics, Methods and Measurement
Even a small operational loss can speak disaster for a company in terms of reputational impact. Take for example a run on the bank. For a financial.
Fingerprint, Pin, or Both?
In today's digital age, securing financial transactions is paramount. With advancements in technology, financial institutions have adopted various methods.
Compliance risk for AI and technology
Full guide: Compliance risk for AI and technology
Outsourcing the Compliance Function with Proper Risk Management
Discover how outsourcing the compliance function can drive efficiency without compromising accountability, learn the risks, controls, and best practices for.
What is Shariah-Compliant Digital Banking
Digital banking has transformed the financial landscape, offering customers convenience, speed, and accessibility. However, within this realm, two distinct.
Money Laundering Through Expensive Restaurants
Money laundering disguises illicit funds as legitimate income. High-end restaurant chains, with their cash-heavy operations, complex ownership structures.
How JP Morgan Failed to Detect the Charlie Javice Fraud
The $175 Million Charlie Javice fraud case, which came to light with the acquisition of the fintech startup Frank by JPMorgan Chase, has highlighted several.
Wider risk commentary
The Venture Capitalist Mindset And How to Get One on Your Side
Discover the unique mindset of venture capitalists, their approach to risk, opportunity, and long-term thinking, and learn how founders can attract the.
The One Thing Every HR Head Fears
Explore the hidden challenge keeping HR leaders up at night and discover practical, human-centered strategies to stay ahead of it. It is a fear that all HR.
The Global Case for ESG Reporting. Why Listed Companies Must Align with ISSB Standards Now!
Discover why aligning with ISSB standards is essential for listed companies to ensure credible ESG reporting, meet investor expectations, and stay globally.
How Trump will "Trump" China
How Trump-Era Policies and the Federal Reserve Are Amazingly Cementing U.S. Dollar Dominance Despite BRICS Resistance As the global financial chessboard.
Why the "Donald Trump" Risk Should be on Everyone's Radar
Donald Trump's endless aspirations for power may lead to a global crises. Here is how he is likely to bulldoze his way to a third term in office, despite.
Mitigating the Risk of Missile Penetration with THAAD
The decision to deploy an expensive system such as THAAD may indicate the need for more robust controls on the front-line. While THAAD adds a crucial layer.
Why the Hyundai and KIA Recalls Spell Disaster for the Korean Car Industry
The Hyundai and Kia recalls, involving over 3.4 million vehicles in 2024 due to fire risks from defective components, expose significant operational risk.
Why Lina Khan is the Most Feared Woman in USA
The tech titans of Silicon Valley are shaking in their boots, and it’s all because of one name: Lina Khan. At just 34, Khan is wielding a level of power.
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