risk management Archives | Be Korea-savvy
Feedzai Introduces World’s First RiskOps Platform to Solve the Problem of FinCrime Software Overload

Feedzai Introduces World’s First RiskOps Platform to Solve the Problem of FinCrime Software Overload

LAS VEGAS, Oct. 26 (Korea Bizwire) — Today Feedzai announced, at Money20/20 US, the evolution of financial risk management–RiskOps, with the introduction of the World’s First RiskOps Platform. RiskOps is a new approach to risk management that tackles more than just fincrime. RiskOps helps risk management teams stop fraud and money laundering, but also includes tools to [...]

Critics Call for Better Risk Management at Real Estate Trusts and Funds

Critics Call for Better Risk Management at Real Estate Trusts and Funds

SEOUL, Oct. 22 (Korea Bizwire) — As the size of real estate-related financial funds and real estate investment trusts – also known as a type of “shadow banking system” – surpasses 300 trillion won, critics say that the government should do more to manage the risks involved with such investments. According to a financial brief [...]

Regulator to Tighten Rules on High-risk Household Lending

Regulator to Tighten Rules on High-risk Household Lending

SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s top financial regulator said Sunday that it will tighten capital regulations on high-risk household lending, in the latest move meant to slow the pace of household debt growth. The stricter regulations will be applied to banks, savings banks and insurance firms that provide loans to home buyers [...]

Litéra Corp. Announced Its Major Expansion and Development Initiative with Opening of Manila, Philippines Office

Litéra Corp. Announced Its Major Expansion and Development Initiative with Opening of Manila, Philippines Office

MCLEANSVILLE, N.C., Mar. 9 (Korea Bizwire) — February 22, 2016 marked the date of the ribbon cutting ceremony for the official opening of the new office located in Metro Manila. Attorney Elmer Pedregosa, local counsel, gave the opening remarks alongside of Raina Massand, Vice President of Business Development and daughter of the late Litéra Corp. [...]

FSC Head Urges Thorough Risk Management for Financial Stability

FSC Head Urges Thorough Risk Management for Financial Stability

SEOUL, Jan. 7 (Korea Bizwire) - South Korea’s top financial regulator on Thursday stressed the need for careful risk management to maintain financial stability in the face of resurfacing geopolitical risks and external uncertainties. Financial Services Commission (FSC) Chairman Yim Jong-yong made the remarks at a meeting held with officials from relevant government agencies and experts [...]

Nasdaq Positioned in Leaders Quadrant of the First Ever Magic Quadrant for Operational Risk Management for Its BWise Solution

NEW YORK and DEN BOSCH, Netherlands, Dec. 19 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) announced today that it has been positioned as a Leader for its BWise solution, a global leader in Governance, Risk Management and Compliance (GRC) software, in Gartner’s first Magic Quadrant for Operational Risk Management Report by John A. Wheeler and Paul E. [...]