Posts Tagged ‘risk management’

Issues – The sleeping dragons?

Black swan’s companion In any fantasy story, you must have read about the dragons asleep and guarding the treasures. The dragons unknowingly defend the treasures without considering the value of it. You can imagine the massive loss of the treasure if you try to tickle the dragon. A small sneeze from the dragon that cannot […]

Risks never sleep – Be a Risk Keeper

Nothing is too low for a bear A bear doesn’t probably love to chase and hunt their prey. They are fond of any sorts of flesh and easily pick you when you are asleep. Bears can be predators even though they don’t have many enemies. Although most do not, under normal circumstances, hunt and feed […]

An Issue Cannot Become a Risk

Can an issue be a risk? Risk vs Issue : Everyone knows that a risk is an uncertain event that hasn’t happened yet has some probability of occurring in the future. An issue is an event that has already happened. Why Risk? Risk empowers us to think proactively and gives the opportunities to develop the […]

Risk in a Blink – The Power of Observation

Everyone expects for a theory or an Apple in a BLINK! When Newton’s head was bonked by an apple, his bulb just got brightened in a BLINK. He discovered the law of gravity which still exists in every school textbook. “Apple” came to Steve Jobs’ mind in a blink when he was returning from an […]

Agile Risk Management vs Traditional Risk Management

“Risk comes from not knowing what you’re doing” – Warren Buffet A college called the “Risk Management Institute” arranged a get together for their alumni students. Two close ex-classmates named AGIL and TRADY are meeting years after their graduation. They both are highly skilled RISK MANAGERS. They discuss their families, life, love, society, and stuff. […]

6 Benefits Of Business Intelligence

Wealth management firms that have embraced a comprehensive business intelligence (BI) program can: mitigate operational and regulatory challenges across the firm; gain visibility into investment analytics, client relationship management, performance reporting, compliance, and contact management; and generate more comprehensive management and client reports. On the other hand, wealth management firms with a more limited set […]

Contingency Plan vs Mitigation Plan

SAFETY IS NOT A RESULT OF LUCK; IT COMES FROM PREPARATION A Contingency Plan is a designed plan which takes into account a number of possible future events or circumstances where a mitigation plan is the step to reduce adverse effects. That’s still not a clear message, is it? CAUTION IS THE PARENT OF SAFETY […]

[Guide] 6 Ways To Mitigate Risk In Cross-Selling For Financial Services

Disciplinary actions. Government fines. Victim restitution. There is no shortage of regulatory compliance issues hitting the headlines these days. In recent years, however, it is news of aggressive sales tactics that has had the general public and several regulatory bodies that oversee financial institutions very concerned. Most financial institutions have critical cross-selling initiatives that encourage […]

3-Part Process To Reduce Risk When Cross-Selling In Financial Services

While modifying sales goals can be a good place to start, artificial intelligence and intelligent machines (along with a comprehensive process) can be leveraged to analyze data and identify patterns. Aside from knowing the real identity of customers, companies are obligated to ensure that their customers have willingly opted to do business with them through […]

What To Make Of Sales Goals And Incentives In Banking And Insurance

Most successful cross-selling programs have incentives in place that reward employees for selling additional products and services to existing clients. While financial incentives are often indispensable in certain parts of the industry, and there is nothing wrong with such programs at their core, they do open the door to unethical behavior that can have unfortunate […]

Answers To Questions From Risk-Based Monitoring (RBM) Webinar

  On January 14, 2016, Perficient hosted a webinar titled Leveraging Siebel CTMS for Risk-Based Monitoring. We received some good questions during the webinar and figured we’d share them (and the answers) with you. 

Smile! MasterCard Will Leverage Selfies To Verify Your Identity

  According to research, approximately 31.8 million consumers in the US experienced credit card fraud in 2014. That’s triple the number in 2013! And the number doesn’t appear to be going down any time soon. On a positive note, credit card issuers are stepping up their game by introducing security methods, such as Europay, MasterCard […]

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