Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
For decades, financial institutions have relied on KYC and AML frameworks to identify customers, verify identities, and prevent financial crime. While these controls continue to evolve, fraudsters are evolving even faster. The emergence of deepfakes and synthetic identity fraud is Read More …
Generative AI has quickly moved from experimentation to implementation across the banking sector. Large Language Models (LLMs) are being deployed to support customer service, automate documentation, assist compliance teams, enhance productivity, and improve decision making. Banks are increasingly exploring Generative Read More …
Non-Banking Financial Companies (NBFCs) play a critical role in India’s financial ecosystem by extending credit to underserved sectors, supporting MSMEs, financing infrastructure projects, and promoting financial inclusion. Over the past decade, the sector has witnessed significant growth and innovation. However, Read More …
Internal audit in banking is not just about checking compliance-it is about identifying control gaps, validating risk management practices, and strengthening governance across the organisation. Weak audit execution, poor documentation, and unclear observations often reduce the impact of audit functions. Read More …
Financial crime risk often begins at the onboarding stage-when customer profiles are misunderstood, beneficial ownership is overlooked, or suspicious indicators are ignored. Weak KYC and due diligence practices can expose institutions to regulatory penalties, reputational damage, and financial crime. This 5-hour Read More …
Digital payments have transformed banking, but they have also introduced new challenges in transaction handling, customer complaints, fraud risks, and system dependencies. Customers expect instant resolution, while operational teams must understand complex transaction flows to respond accurately. This 6-hour practical Read More …
IRDAI Bancassurance Regulations India Guide provides a structured understanding of how banks distribute insurance products while ensuring compliance and customer protection. Bancassurance has become a key distribution channel in India, but it introduces operational, compliance, and conduct risks that require Read More …