Financial Services

Banks and the changing nature of fraud

To effectively predict and detect fraudulent activity, banks must recognize the wide range of tools at criminals’ disposals and the technological and social developments that are making fraudsters’ jobs easier.

The need for transformational change at Swiss banks

How do banks face profound industry changes driven by rapidly evolving customer expectations, emerging technology and new digital challengers? The large Swiss banks continue to dominate the market, with digital challenger banks slowly making inroads.How quickly do traditional banks need to move?
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Leitfaden für sicheres Cloud Banking

Am 26. März 2019 hat die Schweizerische Bankiervereinigung zusammen mit Mitgliedsinstituten, Prüfungsgesellschaften und Providern einen Leitfaden für Cloud Banking publiziert. Wozu dient der Leitfaden?
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4 steps corporates should take to prepare for LIBOR transition

It’s clear the LIBOR transition will have a huge impact on financial institutions. But corporates aren’t immune to the changes. Have you assessed how the LIBOR shift will impact your business? Find out what steps your business can take to stay ahead of the curve.
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EBA Outsourcing Guidelines: Swiss banks also affected

The revised FINMA circular 2018/3 “Outsourcing - Banks” has now been in effect for nearly a year. Experience has shown that institutions are having a hard time particularly with the risk-oriented monitoring of their outsourcing providers (including any sub-contractors these may have hired).
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Five building blocks to mitigating risk with an effective ICS

It’s been nearly nine months since the deadline to implement FINMA’s Circular 2017/1 “Corporate Governance – Banks”. And the odds are that you still have doubts about the effectiveness of the Internal Control System (ICS).