The use of generative AI for risk and compliance applications is now a reality for financial institutions. As the majority of forward-focused firms try GenAI for risk and compliance functions and, more cautiously, put use cases in production, banks have opportunities to define effective programs for their GenAI initiatives. How the financial industry is utilizing …
ST. CLAIR COUNTY, Ill. (First Alert 4) – FEMA has awarded St. Clair County $2.2 million for a flood-risk reduction project. The Hazard Mitigation Grant Program awarded the money to St. Clair County to acquire 36 flood-prone structures and adjacent lots. To prevent future loss, the properties will be returned to open space and deed-restricted. …
The premise of the 2002 film “Minority Report” revolves around using advanced predictive technology to stop crimes before they occur. While the story, originally by sci-fi writer Phillip Dick, focuses on law enforcement, its underlying principles — data analysis, risk management and proactive decision-making — bear a surprising and striking resemblance to the role of a …
Proactive Strategies for Managing Cost Increases and Delays in Megaprojects Arising from Trump’s Tariffs President Donald Trump’s planned (or proposed) tariffs in his second administration may have a profound impact on megaprojects, including large infrastructure developments like highways, bridges, tunnels, airports, and railways, as well as large-scale energy projects like power plants, oil and gas …
King Risk’s product suite includes business, home, auto and life insurance. Credit: PRNewswire/King Risk Partners. US-based insurance broker King Risk Partners has acquired independent insurance agency Viper Risk Management Group for an undisclosed sum. Headquartered in Saint Johns, Florida, Viper Risk offers specialised insurance solutions in north-east Florida. The company’s expertise spans sectors such …
In July, the Basel Committee on Banking Supervision (BCBS) published a consultative document on Principles for the sound management of third-party risk. The document notes that ongoing digitization has increased banks’ reliance on third-parties, resulting in a need to evolve the concept of outsourcing and third-party risk management to strengthen the resilience of the global …
In London, CFC has established itself as a specialist insurer, providing insurance solutions for emerging technologies. With a focus on the fintech sector, CFC has positioned itself as a leader in understanding and mitigating the risks faced by financial technology companies. Steve Bowers serves as Fintech Development Manager at CFC. His role encompasses both client …
DON’T MISS IT … Organizers appreciate pre-registration but will take day-of registrations PUBLISHED ON January 8, 2025 “We really hope participants who come to Cattle Feeders Day learn how to manage risks on and off the farm and get industry updates,” said Taylor Zahn, livestock extension educator and one of the organizers of the event. …
Dubai, UAE, January 8th, 2025, FinanceWire Achieving success in financial markets is often a challenging journey for many investors. Requiring both time management and market expertise, individual investors frequently struggle with inexperience, risk control, and developing effective strategies. This is where PAMM (Percentage Allocation Management Module) accounts come into play, offering a modern and efficient solution for …
Looking ahead to the rest of 2025, with Justin Elks from Crowe Consulting; Risk and Compliance Cost pressures on risk and compliance management have continued. Our risk and compliance efficiency and effectiveness survey revealed that most CROs have been asked to look at these costs over the last three years. We expect this pressure to continue through …
