Customized Account Opening for Clearing Firms [ Source: Arius Software ]
February 2008 - Clearing firms are continually seeking to leverage technology to enhance their service offering and reduce costs. Arius OpenAdvantage enables clearing firms to offer efficient account opening services as a competitive differentiator, increasing correspondent retention and building correspondent loyalty.
Meeting the Challenges of Enterprise Roles-based Access Governance [ Source: Aveksa ]
October 2007 - Real-world attempts to implement roles-based systems have shown that unless roles fit into a context that ties together existing entitlements, company policies, regulatory requirements, and current business process realities, they simply don’t work. Without this context, the result is a system that can’t keep pace with changing business-user requirements. This paper describes a new roles-based model of access governance that overcomes the challenges companies have faced in the past with roles-based access control systems. This ....
Beyond the Checkbox: A Sustainable Approach to Access Certification [ Source: Aveksa ]
February 2007 - Every large enterprise has employees who need some level of access to its critical information resources, and many also provide a wide variety of types and levels of access to contractors, partners, vendors, and customers. Each of these points of access represents a source of potential business and compliance risk. The process, by which access entitlements and roles are authorized, reviewed, certified, and periodically recertified is critical to an organization’s ability to meet compliance standards ....
Managing Risk for Effective Access Governance [ Source: Aveksa ]
January 2008 - User access-related business risk comprises a broad array of potentially damaging events that may be caused or made possible by inadequate governance of access to an enterprise's information assets. Such events range from relatively minor policy and compliance violations to disastrous business losses. The stakes involved in access-related risk have risen dramatically in recent years as organizations have become thoroughly operationalized by technology.With nearly every facet of large enterprises' operations now dependent on or supported ....
Watch List Filtering Solution Considerations [ Source: Bank of America ]
November 2008 - Watch list filtering solutions' primary requirement is to routinely scan current and prospective clients against a database (watch list) consisting of names, aka and address entries. This paper describes standard points which need to be considered to implement a watch list filtering solution and a high-level process flow. It does not matter whether a custom solution is built or a standard product is chosen.
Enterprise Authentication: Increasing Security without Breaking the Bank [ Source: Entrust, Inc. ]
July 2007 - As the pressure to comply with regulatory requirements combines with the growing number of users working outside the boundaries of the corporation, the need for strong authentication for large portions of an employee community has never been greater. Organizations need stronger forms of authentication that are easy to use and less costly to purchase, deploy and maintain than traditional “one-size-fits-all” options.
How's Your Data Health? [ Source: GoldenSource ]
April 2008 - Using the analogy of a health check to determine the good working order of the body, this paper discusses how data metrics can play a key role in raising awareness among senior executives of the direct correlation between poor quality data and data processes and the financial performance. Understanding the detrimental impact of data helps ensure that the momentum for data management projects is maintained and sustained.
Why Managers are Demanding Consolidated Positions Data [ Source: GoldenSource ]
April 2008 - This paper identifies some of the key market drivers that are forcing the investment community to adopt data management practices that enable aggregate position keeping across their organizations and how an enterprise data management strategy can help achieve this.
Risk 101 [ Source: Harland Financial Solutions ]
December 2007 - To better understand and implement a credit risk management strategy, financial institutions need to have a common vocabulary and basis of knowledge. This document serves as an introduction to the basic terms and concepts used in the credit risk management field, attempting to provide industrystandard definitions. Note that some risk-related terms have firm definitions, some seem to vary, and others continue to evolve.
Basel II accord and its implementation [ Source: Headstrong ]
February 2009 - The white paper describes Basel II accord on bank regulation and its implementation throughout the world. The paper explains measurement and regulation of operational, credit and market risk. It analyzes various models that banks should leverage to quantify risk. The paper also explains the mathematical concept of Value at Risk (VaR) and its relevance to Basel II accord.
Compliance in Insurance - The IT Perspective [ Source: i-flex Solutions ]
April 2008 - This whitepaper describes the compliance in insurance, and its derivatives, its background, corporate governance, risk, compliance and regulation/ regulatory pressures on insurers, Sarbanes Oxley, AML, Pillars of compliance etc.
Meeting the Solvency II Operational Risk Challenge [ Source: i-flex Solutions ]
April 2008 - Solvency II is the next big thing in the insurance industry. The European Commission’s Solvency II (SII) project will replace its current Solvency I rules for insurers. The new regime’s three-pillared approach aims to align capital adequacy requirements with the true risks of insurance companies. It promotes a risk-based economic framework, which induces insurers to measure and monitor their risks and have risk-based capital requirements. ....
Rising Above Risk: Sensible Continuity Solutions for Voice Trading Communications in a Challenging Market [ Source: IPC Systems, Inc ]
January 2009 - Of all the technologies available to traders today, voice communications is probably the most critical during an emergency. Whether a natural disaster, terrorist threat or technology interruption, traders need to make fast decisions, cover their positions and let customers know what’s happening. Even if a firm trades electronically, voice communications becomes a critical service to support during a crisis.
Business Process Outsourcing -- An Effective Solution for Managing Producer Licensing [ Source: Kaplan Compliance Solutions ]
May 2008 - Insurance organizations and other financial services companies increasingly are seeking efficiencies through Business Process Outsourcing (BPO), the end-to-end outsourcing of a business line or process. Business Process Outsourcing clearly enhances control over business performance, whether by reducing costs, increasing the quality of processes, accelerating transformation throughout a business, creating a more flexible response to sudden external stresses, or through a combination of several benefits. In today’s environment, senior managers face growing pressure from regulators relating ....
Business Process Outsourcing: An Effective Solution for Managing Producer Licensing [ Source: Kaplan Financial ]
May 2008 - Financial services companies increasingly are seeking efficiencies through Business Process Outsourcing (BPO), the end-to-end outsourcing of a business line or process. BPO clearly enhances control over business performance, whether by reducing costs, increasing the quality of processes, accelerating transformation throughout a business, creating a more flexible response to sudden external stresses, or through a combination of several benefits2. With BPO, the relationship between the company and the outsourcer ....
Basel II Implementations: Convergence with Customer Insights and Risk-Based Financial Management [ Source: Microsoft ]
April 2008 - This white paper explores the new paradigms around leveraging risk management and regulatory initiatives to enhance customer insights and analytics and improve business and customer relationships. While the paper does focus on Basel II, it also discusses a holistic approach to managing financial and operational risk in combination with customer relationship management.
Economist Intelligence Unit Study: The Bigger Picture -- Enterprise Risk Management in Financial Services Organizations. [ Source: SAS ]
September 2008 - A global survey of 316 financial services executives conducted in July 2008 by the Economist Intelligence Unit on behalf of SAS reveals that more than 70 percent of respondents believe that losses stemming from the credit crisis were largely due to failures in addressing risk management issues. Read this paper to learn more about the implications for how financial organizations approach risk management and the future of ERM in light of the ongoing impacts of ....
Enterprisewide Fraud Management in Financial Services [ Source: SAS ]
September 2008 - Learn why an enterprisewide approach to fraud management -- spanning all contact channels and account types and including powerful analytics, holistic intelligence and integrated case management -- is the best approach for financial organizations looking to turn the tide on fraud. Organizations that respond to regulatory pressures by simply documenting their existing fraud management practices are selling themselves short. This paper describes how an enterprisewide approach to fraud management -- spanning all contact channels and account ....
Extended Enterprise Data Managment [ Source: SimCorp ]
March 2009 - Many buy-side asset management organizations have chosen an operating mode1 based on outsourcing. To support their operating model they often have an enterprise architecture which is based on feeds of core data from one or more third party administrators (TPA’s) to a range of best of breed systems. Recent events in the financial markets have highlighted the weakness with this architecture since it often lacks the ability to deliver enough transparency. Today’s ....
Liquidity Risk Management - Good Practices for Broker Dealers [ Source: Tata Consultancy Services Ltd ]
February 2009 - The paper deals with criticality of adherence to good liquidity management practices by broker dealers. Liquidity is essential to the viability of broker dealer firms. Any risk posed to the timely and cost-effective supply of liquidity can be disruptive in many ways. Therefore, it is crucial for broker dealers to devise and implement appropriate liquidity risk management practices and strive to create a risk sensitive culture across their organization.