Fraudsters target Australia’s instant payments system
by Graham Buck
Westpac, one of the country’s big four banks, revealed that its PayID lookup function had been infiltrated.
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Risk Management
Background
Risk is the potential that a chosen action, including the choice of inaction, will lead to a loss or an undesirable outcome. Any business carries some risk, but some are much more risky than others. In any business organisation there are basically four types of risk: Business Risks include the risks… Read more about Risk Management
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
Netherlands central bank concerned by financial stability threats
by Graham Buck
The prolonged era of low interest rates offers little incentive for reducing debt loads, warns De Nederlandsche Bank (DNB).
AI and automation ‘vital in tackling IT chaos and complexity’
by Graham Buck
A new programme launched by a Cisco subsidiary reflects the growing demand for artificial intelligence for IT operations (AIOps).
Stripe adds chargeback protection feature as option
by Graham Buck
Available to Stripe users in North America and Europe from today, the feature is priced starting at 0.4% per transaction.
Moody’s supports new liquidity requirement for India’s non-banks
by Graham Buck
The new LCR, to be phased in from April 2020, is among a number of measures introduced since the demise of a major lender last autumn.
Bank of America warns trade wars to dent US corporate profits
by Graham Buck
The bank’s top stock strategist warns clients that the S&P 500 has yet to reflect the impact the US-China trade dispute may have on ear
Walmart signs up for blockchain to track pharmaceuticals
by Graham Buck
MediLedger’s aim is to establish an “open and decentralised network for the pharmaceutical supply chain.”
Boom in captive insurers writing third-party risks
by Graham Buck
The digital era is driving double-digit growth as technology makes it easier for companies to offer insurance to customers and supplier
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
More shipping companies join IBM-Maersk blockchain consortium
by Graham Buck
The TradeLens initiative unveiled last August has recruited two new major names from the shipping industry to the platform.
India’s RBI issues liquidity management guidelines
by Graham Buck
The country’s central bank is proposing new rules for non-banking finance companies to help them deal with severe liquidity problems.
BBVA hosts Family Cybersecurity Day
by Graham Buck
The newly-launched initiative by the Spanish bank aims to raise awareness and educate employees and their families.
Chicago Board Options Exchange launches Cboe FX Point
by Graham Buck
Cboe’s institutional FX arm says the electronic foreign exchange trading venue gives institutional investors a range of options.
‘One in five’ finance jobs to be lost to automation
by Graham Buck
The advent of AI and automation will see 400,000 jobs in the global capital markets disappear by 2030, claims a report.
JCRA launches online financial risk management portal
by Graham Buck
Ada, named after 19th century British computer pioneer Ada Lovelace, is for finance directors, portfolio managers and accounting teams.
Cashforce develops AI-powered cash forecasting module
by Graham Buck
The group says it is already working on an enhanced version driven by artificial intelligence that can review more complex patterns.
Shadow banking ‘increasing systemic risk’
by Graham Buck
Progress made since the financial crisis in improving banks’ credit profiles could be undermined by its growth, warns Fitch Ratings.
Calmer FX markets sees fewer US multinationals hedge
by Graham Buck
With currency volatility at a five-year low, more companies are taking the risk of going unhedged.
China begins trading of defaulted corporate bonds
by Graham Buck
The first completed transactions could see the development of a future junk bond market in the country.
Hong Kong boosts sustainability credentials
by Graham Buck
New measures announced by the Hong Kong Monetary Authority will encourage sustainable banking and green finance.
Chinese corporate defaults on an upward curve
by Graham Buck
This year will be by far the biggest for defaults in China’s $13 trillion bond market, predicts Bloomberg.
Thailand moves closer to central bank digital currency
by Graham Buck
The Bank of Thailand’s project prototype is being finalised by the R3 blockchain consortium and Wipro.