RDC’s subject matter experts – chief risk officers, regulatory and compliance officers, technologists, intelligence analysts, federal and state prosecutors, investigators – touch on compelling risk and compliance topics for our readers:
Article: The Progression Toward Risk Diligence Convergence
Thomas Obermaier, CEO, RDC
Published in Financial Services Technology, Q1 2010
The practice of regulatory, financial and reputational diligence has long suffered from a fragmented and costly “siloed” approach. Traditionally, most firms have had too many systems and people performing the same functions across the credit, fraud, AML and transaction processing risk space. As each discipline expanded over time, seven-figure budgets quickly became nine. Worse yet, much of the expense related to the processing of information leading to a risk decision point often revolved around similar, non-core processing functions. The practice begged for the efficiencies to be realized through convergence.
Article: Getting More from Your Risk Intelligence
Published in Financial Services Technology, Q1 2010
The Great Financial Crisis forced us all to rethink risk management. What didn’t work had to change, while that which worked required urgent exploitation and expansion. Never again could a large financial institution afford to be flagged for failing to capitalize on a proven risk management technique for all relevant disciplines. Strengths specific to one area required transformation into a more universal application. Plus, given prevalent margin compression across the industry, any transformation would need to occur in the most efficient manner.
