Baton Systems’ Post

📢 Next week at Unit's #UniteSummit2024 in NYC: FTA’s President and CEO, Penny Lee, will moderate a panel with industry leaders - Laura Spiekerman at Alloy, Kat Rief at i3 Bank, and Dana Lawrence at Pacific West Bank an Oregon Banking Corporation - to discuss building and scaling a compliance-first fintech portfolio and highlight best practices in third-party risk management and embedded finance. Learn more ➡️ https://lnkd.in/eDWR5NPU #PoweredByFintech #FintechCompliance 

🏦 “A #Bank’s #Treasury: #Risks & Instruments” is the name of the presentation held by dr. Lorenzo Barucco (UniCredit Group Treasury VP - STIR Trading) in which I had the honor to partecipate during my #Banking and #Risk #Management course. 💶 During this lesson, we had an overview of how a bank handles the #liquidity #risk. We started from how a bank imbalance is structured, then we examined the role of the treasury and basic risk metrics such as the liquidity #gap. 💵 Our focus then shifted to #Money #market #deposits: essentially, loans used to either invest liquidity surplus or cover liquidity shortages by exchanging funds at a given rate, with an example from Thomson Reuters Dealing conversational software. 💷 Last but not least we examined #REPOs functioning, helped by an example from Bloomberg Terminal.

The most pressing dangers have shifted away from traditional risks e.g fire. Now, the most significant threats stem from cyberattacks, especially affecting the financial and telecommunications industries. As we move into 2024, Malaysia is witnessing a surge in cyberattacks, particularly aimed at organizations that manage sensitive personal information, including FIs and telcos industries. These attacks are becoming increasingly sophisticated. The financial repercussions of cyber fraud are considerable. Malaysia's National Scam Response Centre reported losses amounting to RM27 million. Many of these breaches can be traced back to inadequate cybersecurity practices, such as improper system configurations and compromised credentials. With the rapid advancement of AI technology, these threats are evolving at an unprecedented pace, necessitating heightened awareness and more robust security measures.

Why put all your eggs in one basket? 🥚🤔 Partnering with multiple correspondent banks isn’t just smart—it’s essential for risk management and flexibility! Learn how to diversify like a pro and get the best deals with an FX marketplace pre-integrated with Fiserv. 🎯 Dive into the full story here: https://lnkd.in/gH3-tBi7 #communitybanking #correspondentbanking #bankingindustry

The interconnectedness nature of banks means that a sudden disruption in a bank could have an impact on the broader financial system. The collapse of Lehman Brothers in September 2008 was illustrative of how a sudden payment disruption can cause widespread impact globally.   How can we mitigate these contagion effects? The answer lies in resolution planning.   This video explains the critical role of resolution planning in maintaining continuity of essential banking and payment functions during a crisis.   Learn more about PIDM’s role in the financial safety net system: https://lnkd.in/gNa9vimJ.   #PIDM #ResolutionPlanning #CrisisPreparedness

I had a great conversation this morning with Bill Dudley, former President of the Federal Reserve Bank of New York and Chair of the G30 Working Group on the 2023 Banking Crisis. Bill discussed the Working Group’s new report, "Bank Failures and Contagion: Lender of Last Resort, Liquidity and Risk Management," and the key findings and recommendations that it makes after an in-depth analysis of the banking turmoil of last March. The report puts forth several thoughtful and well-reasoned proposals designed to decrease the likelihood of banks failing and to reduce contagion when they do. You can read the full report here: https://lnkd.in/eyufiU7X 

FSB’s Moloney says more nuanced approach needed to tackle excessive leverage across non-bank financial intermediaries. https://hubs.li/Q02T4NDd0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you to read two articles a month: https://hubs.li/Q02T4Nvw0

We're excited to share our white paper: "A Framework for Bank-Nonbank Partnerships" In this white paper, we explore the evolving landscape of bank-nonbank collaborations and their impact on the financial services industry. Key highlights include: ➡️ An in-depth survey of partnership structures and models ➡️ Analysis of market impacts on banks, particularly community banks ➡️ Overview of recent regulatory activity and challenges ➡️ Recommendations for maturing bank-nonbank partnerships As these partnerships continue to reshape the financial ecosystem, it's crucial that we foster innovation while maintaining robust risk management and regulatory compliance. Read the full white paper: https://lnkd.in/e4xxyA7t

The banking sector remains strong, as proven by its ability to withstand large and sudden external shocks in recent years, says Supervisory Board member Anneli Tuominen.   In a chat at the J.P. Morgan European Financials Conference, she highlights that: ➡️ supervisors must ensure that banks are prepared to manage a changing risk landscape, focusing on geopolitical risks, threats to operational resilience, digital and IT-related challenges and the green transition ➡️ completing the European deposit insurance scheme is crucial for improving crisis management, strengthening financial stability and unifying the banking market ➡️ we need more data to get a fuller picture of banks’ exposure to the balance sheets of non-bank financial institutions   Read the Q&A to find out more https://lnkd.in/gpDii8cH

As banks look for new ways to stay competitive in today's changing financial sector, some are turning to bank-to-bank partnerships. In this three-part series, BBH experts share how banks are evolving to support new product development and improve operating model efficiency. Ahead of her panel at Sibos next week, our colleague Cate Dawson, head of product for financial institutions, sat down to discuss the top three challenges banks are facing and how partnerships can play a pivotal role. https://lnkd.in/eCErMRp2