Connecting the Dots : Cloud, Regtech and Analytics

The Regtech Industry: In the Regtech industry lot of things are happening in block chain- distributed ledger, the way the Regtech industry is moving, the way we can democratize the Regtech industry . We are looking at cloudified or SaaS model for treasury products. we are seeing some of these new/existing ledger systems are becoming distributed and started adopting blockchain technologies. How these are helping to reduce the cost of maintaining…

FixNix way of nixing Enterprise Risk & Compliance Pandemonium

Problem Statement: Crane Bank was acquired by Bank of Uganda (Central Bank). What were the primary reasons behind the same? Does it mean that the country’s central bank may impose stringent guidelines and framework for other banks to follow? If other banks don’t follow the norms, what are the likely chances of more such banks getting acquired or closed? Answer: Reasons for Crane Bank’s acquisition:                            High NPL (Non-Performing Loans) NPLs…

Choose the GRC-road to success:

Well, there is a saying, “where there is quality, there’s compliance”. Competition breeds regulations, which is when compliance becomes a burden. Walk into your office and ask your leadership committee these questions: “Are we compliant?” “Are we staying within the guidelines as mentioned by the government?” Go on… count the number of poker faces you see, that’s how risky your business is! Just because you are not breaking the law,…