Governance, Risk, and Compliance Services from SAP: Addressing Risk and Achieving Regulatory Compliance
[ Source: SAP ]
September 2011-
Learn how SAP services for governance, risk, and compliance (GRC) can help your enterprise assess the state of its business processes, procedures, and controls. The SAP Services
Managing Reference Data Risk -- A Best Practice Approach
[ Source: Patni Computers ]
October 2010-
In recent years, the twin pressures of achieving regulatory compliance and straight-through processing (STP) have highlighted substantial redundancy and duplication of effort in the area of reference data management. Many buy-side and sell-side firms are uncomfortably aware of both the time and cost they devote to purchasing, cleansing, and distributing reference data, as well as the risks that arise when these tasks are not performed effectively, among them failed trades and lost revenue opportunities.
Firms ...
Accelerate Insight for Financial Services: Reduce Risk. Stop Fraud. Increase Profits.
[ Source: ParAccel ]
October 2010-
Financial services organizations face immense hurdles in maintaining profitability, building competitive advantage and meeting service levels for customers and in-house staff. All of these can be severely impacted through a widening variety of risk factors, including regulatory risk, criminal risk, macroeconomic risk, etc. Increased demands from customers, regulators and shareholders are also driving financial services businesses to seek new ways to simultaneously sharpen investing prowess, minimize risk and fraud, and improve compliance and customer service ...
Insider Fraud – Latest Strategies To Deal With It
[ Source: Detica ]
November 2010-
Organizations face ever increasing threats from criminal activity. Although situations such as cyber attacks and phishing are frequently talked about, insider fraud still remains one of the weakest points for many organizations.
All employee activity leaves a trail behind in the data. If this data can be analyzed appropriately, insider activity can be detected. However this is not necessarily a trivial task.
Detection of insider fraud whilst maintaining low false positive ...
Common Point of Purchase Compromises: The Evolution of the Fraudster
[ Source: Detica ]
November 2010-
World-wide credit card fraud losses continue to rise at an alarming rate. Counterfeit activity resulting from cards compromised at either ATM or POS, continues to damage consumer confidence and industry revenues. Major data compromise incidents, potentially resulting in significant fraud losses and which place large numbers of accounts at risk, are becoming more commonplace.
Despite the industry’s repeated attempts to build more secure systems and better analytical models, fraudsters continue to evolve ...
EMC Documentum Information Rights Management Extends Security and Control
[ Source: EMC ]
October 2008-
The EMC Documentum architecture for information rights management (IRM) helps global companies and government agencies actively control, secure, and track sensitive information, wherever it resides, beyond delivery to and access by authorized users. The system uses strong industry-standard cryptography combined with a unique client-server architecture. Documentum IRM Services’family of client applications or plug-ins works with a common policy server to secure and control electronic information. This white paper provides an overview of the technical ...
Data security and privacy: A holistic approach
[ Source: IBM ]
October 2011-
News headlines about the increasing frequency of unauthorized access to sensitive data and identity theft have focused awareness on data security and privacy breaches - and their consequences.<br><br>
In response to this issue, regulations (SOX, HIPAA, PCI-DSS, FISMA, EU Data Privacy Directive) along with the rising number of regulatory mandates have increased the pressure to show immediate compliance, otherwise failure to ensure compliance can result in significant financial penalties ...
First Party Fraud in Retail Banking
[ Source: Detica ]
November 2010-
Banks can significantly reduce their bad debt levels and collections expenses, by identifying first-party fraud cases before they reach collections. Advanced network analytics is the key to early detection and prevention of threats before they result in large losses.
First-party fraud occurs when customers apply for credit cards, loans, overdrafts or other un-secured banking credit lines with no intention of paying. Often these customers will collaborate with bank employees to assist them in ...
Fraud Analytics for Financial Services
[ Source: ParAccel ]
November 2010-
When it comes to credit card transactions, two key goals drive the need for high- performance analytics: putting the lid on fraud while ensuring the customer relationships aren’t jeopardized through erroneous denials of legitimate transactions. Given the speed at which fraud is perpetrated, financial services businesses increasingly need to detect and halt fraud in minutes, rather than hours or days. “Our goal is to ensure that our customers can quickly put the lid on ...
Credit Risk Management: Challenges and Opportunities in Turbulent Times
[ Source: SAS Institute ]
January 2010-
In times of economic turmoil, weaknesses of risk management systems in financial institutions have become very apparent. Shortcomings are most evident in mortgage-backed securities and collateralized debt obligations. It is not difficult to predict that banks that are able to come up with a consistent database, build their risk systems upon an integrated and efficient architecture, and employ cutting-edge risk management techniques will have strong competitive advantages. Abandoning outdated systems, patchwork solutions and standalone workarounds ...