Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

May Regulatory Compliance Briefing
January Regulatory Compliance Briefing Header
The May Regulatory Compliance Briefing includes recent alerts, advisories, and pending actions to be aware of this month. (more…)
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Digitizing Risk Management: 5 Priorities for 2023
According to recent research on risk transformation in financial services from Celent, factors like this year’s banking crises and increased regulatory focus on operational resilience make “make digitizing the risk back office a continuing priority and a central driver for risk technology investment through 2023 and beyond.” Several themes emerged in the research as priorities for CROs and other risk professionals focusing on digital transformation. Let’s take a closer look at each topic: Risk…
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The Evolution of Internal Audit in Banking
bank internal audit
As May marks Internal Audit Awareness Month, let’s take a look back at how the function has changed over the years, and how complexity in banking has impacted internal audit staffing and audit methodologies.
The evolution of complexity in banking can’t be ignored. Over the past 20 years, the industry has seen innovations in internet banking, mobile banking, dozens of payment methods for consumers and businesses, and new high-risk customer segments…
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Risk & Compliance Hot Topics: AI Bias, Crypto and the Banking Crisis, AML Regulation
risk and compliance news
This month’s roundup of recent news and developments in the world of governance, risk, and compliance (GRC) for financial services includes: AI and consumer rights Crypto’s impact on the banking crisis Bank failure postmortems AML/CFT requirements under the Bank Secrecy Act Investing in risk technology Let’s dive in: CFPB, FTC, other federal agencies issue joint statement on AI-based discrimination On April 25, four federal agencies issued a joint statement pledging their commitment to ensuring…
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CROs Weigh In on Risk Priorities
risk management priorities
Chief risk officers (CROs) working in the financial services industry are feeling the pressure of operational disruptions, an evolving risk landscape, and economic uncertainty, amid other challenges, according to research from McKinsey & Company. Risk & Compliance Focus Areas for Bank CROs The survey of bank CROs identified several topics that are top of mind for risk executives now and in the near term. Climate Risk and Regulation: 92% of CROs predicted that climate…
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