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Latest on the Blog: Commercial Risk - The New Normal

Discover the Most Trending Conversations in the World of Commercial Risk with Tapan Agarwal (Risk Product Council Chair, iGTB) every Wednesday, this April and May.

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Central KYC Registry: Ease of Banking, Zero Duplication

The directives set by the Ministry of Finance – India, in the Union Budget for the year 2012-13, to establish a Central KYC Registry, and to gradually eliminate the multiplicity of registration of KYC data, is finally taking shape. The Reserve Bank of India, announced in November 2015, that it would soon be naming the entity that would function as the Central KYC Records Registry (CKYCR). This agency would be responsible for receiving, storing, safeguarding and retrieving the KYC records in digital form for a customer.

What is CKYCR and how will it change banking for Indian businesses? 

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The Danger That Lies Within

Tapan Agarwal – Risk Product Council Chair

11 May, 2016

Almost half the incidents of serious economic crimes are perpetrated by internal parties. Internal fraud poses just as grave a risk as external fraud does. How can automated systems, reduce manual intervention and in turn lower incidents of risk? 

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Risk It or Play Safe?

Tapan Agarwal – Risk Product Council Chair, iGTB

13 April 2016

The Panama Papers have the world in a state of turmoil. Banks are under scrutiny, yet again. Is this going to leave them more wary than ever before?

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Risk-based regulation is OUT. Regulation-based risk management is IN.

by Tapan Agarwal - Risk Product Council Chair

06 April 2016

Regulators emphasize not only compliance but also personal responsibility and increased risk governance. Discover how this is becoming an increasing priority both for the regulators and the regulated.

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Regulations aren't the real burden. Operational limits are

Quickfire with Tapan Agarwal

Product Council Head of Risk Management & Strategic Initiatives, iGTB

There's a need for new solutions that enable enhanced due diligence, leveraging technology such as AI, machine learning and natural language processing to mitigate commercial risk. Of course, compliance is where the rubber meets the road. Read Tapan's views on regulations.

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Who, When, Why? Operational Risk Management Needs This Data

Tapan Agarwal – Risk Product Council Chair

20 April 2016

Complying with regulations alone may not be enough to safeguard a bank from risks. Operational inefficiencies threaten the stability (and perhaps, even the existence) of banks and the businesses that depend on them. How can banks make the best use of systematic collection of data to counter this?

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When in Risk, Trust Technology

Tapan Agarwal - Risk Product Council Chair

04 May 2016

Counterparty risk poses an ever-present threat. Can technology come to the bank’s rescue?

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When Many is Not More

Tapan Agarwal – Risk Product Council Chair

18 May 2016

Banks are the one place certain to use technology; but many systems – sometimes too many – can plague efficiency, eat into profitability and compound risk. What happens when many stops being more?

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KYC and UBO. Threat or Opportunity?

Tapan Agarwal – Risk Product Council Chair

27 April 2016

Some acronyms have the power to increase the bank’s burden. But what if they also have the power to create opportunities?

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Customer Onboarding: Weathering the storm of regulations

Perhaps no process within transaction banking feels the brunt of regulations as severely as customer onboarding.

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Should banks be more like intelligence agencies when it comes to KYC?

Banks harness the power of social media to meet increasingly demanding KYC requirements and streamline onboarding.

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