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Simple steps to Automate and Standardise your Risk & Control Self Assessment (RCSA)
Risk and Control Self Assessment process is a widely accepted methodology used by banks, financial companies, insurance companies and others to identify and assess the …
Key Risk Indicators -A Powerful Tool to Anticipate Your Risk Within the Enterprise
In simple terms, Key Risk Indicator (KRI) is a metric used to measure the level of exposure to risk. These are indicators that denote the …
Hongkong’s Regulations for Operational Resilience
On 22nd December, 2021 HKMA (Hong Kong Monetary Authority) came up with a Supervisory Policy Manual for Operational Resilience to provide Authorized Institutions (AI) with …
Irelands’ Financial Service Sector Guidance on Operational Resilience
The Central Bank of Ireland`s objective of this guidance is to communicate to industry how to prepare for, respond to and recover and learn from …
New Operational Resilience Regulation for Financial Institutions in United States (USA)
The Federal Reserve, the Central Bank of the United States in August 2021 has released a paper intended to help community banks assess threats when …
Process Mapping is an important step in building an Operational Resilience Framework
The Covid -19 pandemic has clearly shown two trends within firms: The intensified use of technology and Operations can be managed through digital work force …
What is Game-Based Employee Onboarding? Tips and tricks to implement the right gamification strategy
Learning begins with joining. Effective Onboarding contributes to a newbie commencing with confidence, feeling supported, and acclimatizing much sooner. Conversely, employees who spend weeks and …
Strategies for Improving Banks’ Operating Efficiency
Banks occupy a place of pride because of its structure of undivided attention and contemporary functions. They have come an extended way from merely performing …
Get started with Digital Identity Verification
In a growing interconnected digital economy, identity verification of an individual’s real-world identity against their digital one has become ever critical in fraud detection. The …
Growing Importance of Operational Resilience in the Digital Era
Operational Resilience assumes that things will go wrong, and it will force organizations to plan on how to recover from the disruption. It is a …
Why are organizations jumping onto the AI-enabled Identity verification bandwagon?
Who has not experienced being asked to show some kind of government ID, be it to receive your courier, or check into a hotel, or …
What is Identity Proofing?
As per the Digital Identity Guidelines published by NIST, a US agency, Identity Proofing is verifying the claimed identity of an applicant by authenticating the …
New Amendment to KYC Regulation by RBI – 10th May, 2021
In Jan 2020, Reserve Bank of India amended the KYC norms allowing banks and other lending institutions to use Video based Customer Identification Process (VCIP) …
5 Steps to a Successful Execution of a Digital Transformation Project
Digital Transformation is bringing about a radical shift in the way you run your business, deliver services or manage your customers. The objective of digital …
