There's a reason financial services executives have the year 2020 marked on their calendars. That's when the live use of a Fundamental Review of the Trading Book (FRTB) compliance solution must take place, with the goal of increasing the capital security and safety of financial institutions.
Contents tagged with Financial Services
To increase their agility and go beyond the limits of costly on-premises infrastructure, banks are looking at technology and how it can help them transform and achieve more. The cloud's lower total cost of ownership, greater flexibility, and higher speed are helping banks achieve three key results: optimize resources, innovate faster, and improve compliance.
In the fight to keep funds out of the hands of terrorists and other sanctioned groups, financial institutions need to have effective and efficient sanction screening to help maximize protection and minimize impact on the business. Financial institutions must screen all transactions to root out criminal activity. Unfortunately, traditional screening solutions are not good enough in today’s digital world and demanding regulatory climate. The stakes are too high to trust outdated technology and traditional screening approaches.