Given the particular nature of their business, the stronger regulatory pressure that’s been imposed on their industry, and the series of incidents and crises that have plagued them (rogue traders, sub-primes crisis, investment banks collapse…), one would think that banks would be pretty advanced in the use of technology to manage their operational risks. So what’s the reality?

In a recent meeting with one of the main supervisory authority for the financial sector, we had an interesting discussion with one of the teams that works closely with banks on the …
Read the rest of this entry