BCBS stands for Basel Committee on Banking Supervision. The working of a bank heavily relies on two factors namely, risk data aggregation and risk reporting practices. The BCBS principle strengthens these two factors greatly. The key intention of BCBS 239 was to assess risk data and key risk metrics that play a major role in a bank’s decision making.
Financial institutions find it difficult to maintain compliance due to factors like risk data aggregation, governance, infrastructure, number of people and data processes. Therefore, BCBS 239 implements a set of principles that help overcome these challenges and provide structure as a whole to a financial institution.
BCBS 239 Leveraging Infrastructure
White Paper By: Copal Amba
Guide to BCBS 239 compliance : Risk data aggregation and risk reporting(RDARR) BCBS 239 is a regulation that focuses on a number of issues beyond just risk data and its aggregation. This whitepaper is recommended for decision makers at banks complying with BCBS 239, and looking to explore how outsourcing/engaging third parties can help rationalize costs and mitigate...
Pay Now or Pay Later:The Case for Investing in Contractor Qualification & Management
White Paper By: BROWZ
Though it might seem cost-effective in the beginning, hiring the wrong contractors could turn out to be extremely expensive in the long run. Without proper screening of contractors, you could be hiring unqualified, uninsured, and unsafe workers. This may lead to an accident occurring at the work-site which could lead to a string of problems and uncertain legal and economic consequences....
Specialty Lines Underwriting:Achieve Profitable Growth Through A Collaborative Underwriting Infrastructure
White Paper By: Appian
An underwriting infrastructure where speed, risk and return are in balance is the groundwork for more consistency in underwriting profitability and growth. However, the potential challenges to specialty insurance market growth are more intricate and challenging. In order to drive underwriting profitability and growth, you can have a vivid glimpse of the recent trends and developments in...
Digital Banking and Fintech solution leveraging API Economy
White Paper By: Nexright
Application Programming Interface (API) economy is the key to provide great digital banking experience to the customers. API provides value in the context of Bank’s business & competitor strategy to meet demands of customer experience driving banking innovations. How do the banks benefit from APIs? Identify attributes which can provide individualized customer experience...
Vertical Solutions Integration In The Banking And Financial Services Industry
White Paper By: HCL
Vertical Solutions will be a key component of the future transformational journey for financial services institutions. In Financial service industry,the business applications landscape is changing rapidly, and firms must act fast to cater to evolving customer demand. Financial service institutions (FSIs) need business applications that can deliver new business capabilities...
Cloud Computing and Blockchain Technologies
White Paper By: China Systems
Cloud Computing and Blockchain Technologies: Their Future Use to Support International Trade and Supply Chain Finance A combination of Cloud and Blockchain will potentially transform the current paper-based trade finance approach for the processing and management of trade transactions into a more inclusive digital and efficient platform. Cloud computing and Blockchain Technology also have...
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