Introduction In the dynamic landscape of commercial banking, effective treasury and risk management play a crucial role in ensuring financial stability and minimizing potential losses. Treasury and risk management encompass a range of strategies and practices that enable banks to manage liquidity, optimize cash flow, and mitigate risks associated with various financial activities. we will […]
In the fast-paced world of international finance, the remittance industry plays a crucial role in facilitating the flow of money across borders. However, traditional remittance systems have long been plagued by inefficiencies and high costs. Enter ISO 20022, a game-changing standard that promises to revolutionize global remittance and bring about unprecedented levels of efficiency and […]
In the digital era, the significance of payment security and fraud prevention cannot be overstated. As the world becomes more interconnected and transactions increasingly move online, the risk of payment fraud has escalated. For instance, consumers lost over $8.8 billion to fraud in 2022 alone, as reported by the Federal Trade Commission. I will try […]
Introduction The bank at its Group level must quantify, control and monitor the risk of lending within specific countries and territories. Controls must be in place to manage both, Country Risk, i.e., the economic risk associated with a specific country and Cross-Border Risk arising from lending to an entity located in a different country/territory and/or […]
Central Bank Digital Currencies (CBDCs) have become a topic of immense interest in the global financial landscape. As the world rapidly embraces technological advancements, CBDCs offer an innovative approach to payments, with potential benefits for consumers, governments, and central banks alike. However, the implementation of CBDCs is not without its challenges, and understanding the impact […]
Introduction to Governance standards COBIT, as the acronym for Control Objectives for Information and Related Technologies, is a framework for the governance and management of enterprise information and technology, aimed at the whole enterprise. Enterprise I&T means all the technology and information processing the enterprise puts in place to achieve its goals, regardless of where […]
In recent years, there has been a major change in the world of international trade and finance. Commercial banking has found itself at the leading competitors of these revolutionary movements due to technological advancements, altering regulatory regimes, and shifting geopolitical dynamics. This essay goes into the opportunities and difficulties these fundamental aspects bring as they […]
Advanced technology, global pandemic, changing employees’ expectations and talent shortage challenged organizations in recent years with the fundamental question “How do we plan for future”? Simultaneously employees are insecure whether they will have secured jobs within the next 10-15 years or how to upskill to achieve stable incomes in the future. Beyond that there is […]
According to the Pulse of the Profession® 2023 report prepared by Project Management Institute, collaborative leadership, communication, problem-solving and strategic thinking are the four highest-ranked power skills. Additional power skills needed for project management professionals include relationship building, adaptability, innovative mindset, accountability, empathy, discipline, for-purpose orientation, future-focused orientation and leadership. Many of these desired skills […]
Background: Reserve Bank of India has been relentlessly working in the direction of enabling a digital payments ecosystem in the country. In this direction, RBI under its guidance and with support from Indian Banks Association (IBA) enabled the formation of National Payments Corporation of India (NPCI) as an umbrella organization for all retail payments system […]