The Bangko Sentral ng Pilipinas (BSP) has called on banks and other financial institutions to strengthen governance and consumer safeguards as the use of artificial intelligence expands across financial services. BSP Governor Eli Remolona Jr. said AI can help institutions Read More …
Tag: risk management
BSP Urges Banks to Strengthen AI Risk Controls
SBI to Expand AI Use for Fraud and Risk Management
SBI is accelerating the deployment of artificial intelligence across critical banking operations, with a focus on fraud prevention, proactive risk management, anti-money laundering (AML) and cheque processing. SBI Chairman C. S. Setty said the country’s largest lender is increasingly using Read More …
From RBI Circulars to Practical Risk Management Capability
The RBI regularly issues directions, circulars, frameworks and regulatory guidance covering the major risks faced by banks and financial institutions. These regulatory documents influence several important areas of banking operations, including: Credit appraisal and monitoring Loan classification and provisioning Capital Read More …
FERMA Strengthens European Risk Management Network
The Federation of European Risk Management Associations (FERMA) is stepping up efforts to build a stronger and more collaborative risk management community across Europe, with a greater focus on cooperation, knowledge-sharing and engagement among its national associations. Speaking at FERMA’s Read More …
Millennium and Anthropic to Develop AI-Powered Digital Risk Analyst
Millennium has partnered with artificial intelligence company Anthropic to co-develop an AI-powered digital risk analyst aimed at strengthening risk assessment and decision-making across the investment manager’s operations. (The Trade News) The initiative forms part of a broader collaboration between the Read More …
CFOs Struggle to Balance Faster AI Adoption With Risk Management
Chief financial officers are facing growing pressure to deploy AI quickly while ensuring that governance, cost controls and risk management keep pace, according to Deloitte’s Q2 2026 CFO Signals survey. (PR Newswire) The survey found that 93% of CFOs said Read More …
Millennium and Anthropic to Develop AI Powered Digital Risk Analyst
Millennium has partnered with artificial intelligence company Anthropic to co-develop an AI-powered digital risk analyst aimed at strengthening risk assessment and decision-making across the investment manager’s operations. (The Trade News) The initiative forms part of a broader collaboration between the Read More …
FERMA Strengthens European Risk Management Network
The Federation of European Risk Management Associations (FERMA) is stepping up efforts to build a stronger and more collaborative risk management community across Europe, with a greater focus on cooperation, knowledge-sharing and engagement among its national associations. Speaking at FERMA’s Read More …
Construction Risk Management Must Begin Before Work Starts
Effective construction risk management should begin during the planning stage rather than immediately before a project starts, according to John Billis, Vice President of Aviva Risk Management Solutions at Aviva Canada. (Insurance Business) Construction projects involve multiple exposures, including specialist Read More …
Continuous Supply Chain Risk Assessment Key to Building Trust
Businesses are increasingly focusing on continuous supply chain risk assessment as global disruptions, regulatory changes and operational uncertainties create new challenges for organisations. According to Yudhi Prasetyo from BDO Indonesia, building a strong risk culture and maintaining trust across supply Read More …