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Smarter money for a smarter planet
 
November 18, 2009  

Title 2 

 
Understanding your financial organizations risk management strategy - why taking a holistic view of financial crime is essential.

IBM believes that a holistic approach to risk management should look across such risk areas as financial risk, financial crimes and operational & IT risk and ensure that governance & compliance efforts guide the way as you deal with those risk areas.

In the face of growing sophistication and frequency of fraud attacks backed by well organized and technologically advanced criminal networks, banks must respond by integrating fraud functions across business lines to achieve a holistic enterprise view of risks. An integrated fraud platform, usually in the form of a single case management system that collects, consolidates, processes, and automates alerts from existing silo based detection systems is the core system change required to support the holistic approach.

The IBM Banking Industry Framework provides a software platform along with pre-built integrated risk management software extensions, solution accelerators and best practices to help you significantly speed time to value in your solution implementation. It provides an approach for a progressive, managed, business-driven transformation of your risk information and related processes.

IBM invites you to join us on December 8th at 3 PM Eastern for a free one-hour Webcast: "How to Execute an Integrated Fraud Strategy". Our panel of experts will share perspectives, ideas, and actionable steps to help optimize your institution’s approach to financial crime and compliance management, achieve a more unified view of financial crime and risks across the enterprise, and realize the synergies and ROI to be gained from addressing AML compliance and fraud prevention in tandem.

To register for live December 8th Webcast or to sign up for a replay of the Webcast at your convenience, please go to: Webcast registration

In the meantime, please explore the following resources:  
IBM Integrated Risk Management - Business focused documents on financial crimes, financial risk, operational & IT risk and governance & compliance.

RiskTech - Interactive website focused on integrating risk management in terms of performance management and prioritizing around planning, budgeting, reporting and forecasting.

IBM Banking Industry Framework – Foundation for understanding how risk, customer care and insight, payments and securities and core banking functions leverage common elements.

X-Force Threat Reports - Extensive reports to help understand the changing nature of the threat landscape and what might be done to mitigate it - including an exhaustive list of security alerts, breaches and the most commonly seen threats in Q3 2009.

And continue the conversation by joining the Smarter Financial Services and Smarter Insurance LinkedIn groups.

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