As Klarna, the Stockholm-based payments unicorn, is beefing up its credit risk management unit in New York, the company is also stretching out its credit terms. Klarna offers credit for online purchases to all consumers, not just those who choose the credit option, like Bill Me Later, now known as PayPalRead More
Post Tagged with: "Risk Management"
The recently independent PayPal is assembling a new enterprise risk unit. The team, for which PayPal has started hiring, will be based in Austin, Texas. The ERM team will report to PayPal’s Office of the Chief Information Officer. It is unclear how large will be the team, which is a directRead More
Unless and until our technology and processes support us as a digital business, we’re just paying lip service to the concept of information as the new currency.
While other banks and fintech startups are working to remove friction from the account-opening process, GoBank is adding friction. Yes, you read that right. The mobile-first bank account from Green Dot Corp. announced the following Wednesday: You’ll now need a GoBank starter kit to open a GoBank account, which isRead More
The Bank Director’s 2014 Risk Practices Survey reveals some very interesting information about the risk management programs that bank boards have in place. It’s classically challenging for many banks to assess how risk management practices affect the institution. However, banks that have worked at measuring the impact of a riskRead More
Bigger spending on risk management is now a fact of life. If done right, it can and will help organizations better manage their businesses.
Time for us to toast the mighty, recognize the innovators, skewer those who have rambled off the path of righteousness, and poke a little fun at all of the above.
Econgularity – a shorthand for economic singularity — is an ugly word I created to describe an unfortunately approaching moment in time when our current technological snooping prowess, the ease of Big Data manipulation, and our sprint to a cashless economy will converge in such a way as to permitRead More
Capital One Financial Corp. has cleaned up what some consider to be salty language in a recent TV advertisement in response to outrage from consumers, as well as many who commented on Bank Innovation. Historically, each Bank Innovation post generates a handful of comments. But last week we posted the videoRead More
Risk managers might want to add a little “Irish” to their coffee this morning. The Office of the Comptroller of the Currency issued new guidance for banks’ third-party relationships today, citing concerns about the growing complexity of financial institutions’ relationships with vendors. “We have concerns regarding the quality of riskRead More