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September 20, 2012


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Rowan Bosworth-Davies

Chris makes a good point, but the technology spend will only return value if the bank employs people who know how to interpret the findings and the alerts the risk management software identifies. This is particularly true in the field of anti-money laundering where too little time and money has been spent ensuring the employment of staff who truly understood the real nature of the suspicious transaction disclosure regime, and who were able to interrogate the technology sensibly to get the best value for money. Shah -v- HSBC should have taught all of us the truth of that message!


Chartis: $5 billion will be spent on integration projects by Banks this year and next. #Saas #finserv

Bill Jones

"At the core of all of this however is the balance between risk and profit. "

Its a matrix of risk and opportunity and, profit and loss. Profits or losses can occur under either.

Different industries and cultures define risk in different ways and this creates challenges.

The irony is that the subculture which attempts to minimise risk in the banking industry is the very subculture which increases risks for people and encourages risky behaviour in people. That subculture is the one that politicians occupy.

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