article thumbnail

Success Story: A Better Way to Bank on Risk Management

LogisManager

Success Story: A Better Way to Bank on Risk Management Last Updated: July 22, 2025 When a fast-growing regional bank decided to modernize its risk management program, the stakes were high. The Challenge: From Checklists to Control Like many banks, this one had historically relied on spreadsheets and checklists to manage risk.

Banking 52
article thumbnail

How to use your notification system during hurricanes

everbridge

During a hurricane Response team and Emergency Operations Center activation. Manage volunteer availability and coordinate field activities. Read more about Bank of Hawaii’s incident notification usage and get a sample message from Tropical Storm Hilda. Include graphic attachments of the storm’s progress. Conference calls.

Banking 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Does Good Look Like in the Era of Operational Resilience?

Fusion Risk Management

A notable incident in 2018 involved a significant IT failure at UK bank TSB, prompting detailed reviews by UK regulators. The Prudential Regulation Authority (PRA), Bank of England (BoE), and Financial Conduct Authority (FCA) jointly issued stringent regulations to mitigate systemic risks and contain potential crises.

article thumbnail

Risks Associated With Business Task Automation and How to Mitigate Them

LogisManager

For example, financial institutions like banks must protect their customer data or they face fines. Automated alerts can tell you when there’s unusual activity so your team can get to work. Understanding the main BTA risks lets risk managers use proactive strategies and tools to address gaps.

article thumbnail

Challenges with KYC/AML? GenAI with RAG Delivers Results

Pure Storage

In October 2024, for example, one of North America’s largest banks was fined over $3 billion and saddled with ongoing business restrictions, including an asset cap, for failing to maintain a compliant AML program.

article thumbnail

6 Customer-proven Best Practices for Cyber-resilient Backup and Recovery

Pure Storage

By integrating with SIEM, SOAR, and XDR platforms, Pure1 enables anomaly detection based on activity patternslike unusual snapshot behavior or data spikeshelping security teams act faster and contain threats before they spread.

article thumbnail

Third-Party Due Diligence Best Practices

LogisManager

The right follow-up activities can be automatically triggered based on defined rules. Vendor due diligence software offers a scalable, centralized solution that streamlines workflows, enhances visibility and brings structure to a collaborative process. 22 07, 2025 Failures in Risk Management: Boeing’s Freefall Continues Failures in Risk [.]

Audit 52