Neo Banking and Enterprise Risk Management (ERM)

Neo Banking and Enterprise Risk Management (ERM) Neo banking is a relatively new concept that has grown in popularity in recent years. They are digital-only banks that have no physical branches. Their aim is to provide a unified banking experience via mobile apps and web interfaces. The adoption of the neo-banking concept accelerated due to… Continue reading Neo Banking and Enterprise Risk Management (ERM)

Credit Monitoring – Challenges & Solution

Assessing the credit default risk of the borrower and keeping an eye on their behavior has been a key responsibility of the risk monitoring department in numerous banks and financial institutions. Credit frauds totaling thousands of crores and major economic crises (such as global crisis in 2008) show the impact of inadequate risk monitoring. Considering… Continue reading Credit Monitoring – Challenges & Solution

Risk and Compliance – improvisations using AI

In the era of digitization, the inclusion of artificial intelligence can be seen in almost all business areas. The advent of data science and machine learning has transformed business analytics by augmenting human intelligence and empowering users to make informed decisions. Among various use cases of Banking Risk and Compliance practice, in which Care Risk… Continue reading Risk and Compliance – improvisations using AI