Ankit Singh’s Post

#A Tribute to Ratan Tata: A Visionary Leader and a Humanitarian Ratan Tata's legacy will forever be etched in the annals of #Indian industry, and his contributions to society will continue to inspire generations to come. #One of the most heartwarming stories about Ratan Tata is his decision to prioritize his #ailing dog over a prestigious lifetime achievement award from the #British Royals. In 2018, Ratan #Tata was scheduled to receive a lifetime achievement award from Prince Charles at Buckingham Palace. However, when his beloved dog became ill, Tata made the difficult decision to cancel his trip. This selfless act demonstrated his deep connection to his #pet and his unwavering commitment to their well-being. https://lnkd.in/gpM4Gy-D

#UPI ICD: A Game-Changer for Cash Deposits #UPI Instant Cross Border Payments (ICD) has expanded its capabilities to include cash deposits, offering a convenient and secure way to send money internationally. This feature allows users to deposit #cash into their bank accounts linked to their UPI apps, which can then be instantly transferred to recipients. #How to Use UPI ICD for Cash Deposits #Locate a Participating Bank: Identify a bank branch or ATM that supports UPI ICD cash deposits. #Deposit Cash: Visit the bank or ATM and deposit cash into your linked bank account. #Initiate Transfer: Open your UPI app and select the 'International Payments' option. #Enter Recipient Details: Provide the recipient's UPI ID or mobile number and the amount to be transferred. #Confirm and Send: Review the transaction details and confirm the transfer. A Game-Changer for Cash Deposits UPI ICD for cash deposits offers several advantages: #Convenience: Users can deposit cash directly into their bank accounts and initiate international transfers without leaving the country. #Speed: Funds are transferred instantly, eliminating the need for lengthy processing times. #Security: UPI ICD employs advanced security measures to protect user data and ensure the safety of transactions. UPI ICD for cash deposits is a significant step forward in simplifying international remittances. By providing a convenient, secure, and efficient way to send money, it empowers individuals and businesses to conduct cross-border transactions with ease. #UPIICD #CashDeposits #InternationalRemittances #DigitalPayments #India #GlobalPayments #MoneyTransfer #FinTech #Banking #Convenience #Security #FastTransfers #EasyToUse #Affordable #riskmanagement https://lnkd.in/gDSrme_Y

Join our team as a #Financial Crime Risk Management Tester! We're looking for a talented individual for the role of Specialist. Apply from the link below Danish Batliwala #FinancialCrimeRiskManagement #Testing #JobOpening #WellsFargo #Careers #hiring #hiringnow #risk #riskmanagement

#ThreatIntelligence: A #Financial Fortress In today's digital age, #financial institutions are under constant threat from #cybercriminals. These threats, ranging from #phishing attacks to sophisticated #malware, can have devastating consequences. To combat these risks, financial institutions are increasingly turning to threat intelligence. #What is Threat Intelligence? Threat intelligence is the collection, #analysis, and #dissemination of information about threats to information systems and networks. It provides organizations with a comprehensive understanding of the threats they face, enabling them to proactively protect their assets. #The Importance of Threat Intelligence in Finance For financial institutions, threat intelligence is particularly critical due to the sensitive nature of the data they handle. A #breach can lead to significant financial losses, damage to reputation, and regulatory penalties. By leveraging threat intelligence, financial institutions can: #Identify emerging threats before they impact their organization. #Prioritize security efforts based on the most significant risks. #Improve incident response by having a better understanding of the attacker's tactics, techniques, and procedures (TTPs). #Strengthen risk management by providing insights into potential vulnerabilities. #Tools and Technologies for Threat Intelligence A variety of tools and technologies can be used to collect, analyze, and disseminate threat intelligence. Some of the most common include: #Open-source intelligence (OSINT) platforms: These platforms gather information from publicly available sources, such as news articles, social media, and forums. #Security information and event management (SIEM) systems: SIEMs collect and analyze security-related data from various sources, including firewalls, intrusion detection systems (IDS), and antivirus software. #Threat intelligence platforms: These dedicated platforms provide a centralized view of threat intelligence, allowing organizations to correlate data from multiple sources and identify patterns. #entrepreneur #leadership #innovation #startup #marketing #management #technology #career #finance #education #technology #cyber #cybersecurity #risk #riskmanagement #mastercard

#Lloyd's of London Plans Overhaul of 'Unclear' #Conduct Rules #Conductrisk – a critical component of #risk management – has increasingly taken center stage in the #financial services #industry. As #regulatory scrutiny intensifies and #consumer expectations evolve, #organizations are facing unprecedented challenges in ensuring ethical and responsible #behavior. Lloyd's of #London, the world's leading #insurance marketplace, has recognized this need and announced plans to overhaul its #conduct #rules. The current guidelines, deemed "unclear" by some, will be streamlined to provide clearer expectations for its members and foster a culture of #integrity and #accountability. #What is Conduct Risk? #Conduct risk refers to the potential for financial loss or reputational damage arising from #non-compliance with laws, regulations, or internal #policies, as well as from #unethical or harmful behavior. This can encompass a wide range of issues, including: #Misselling of financial products: Providing misleading or incomplete information to customers. #Market manipulation: Engaging in activities that artificially influence market prices. #Moneylaundering: Facilitating the movement of illegal funds. #Bribery and #corruption: Offering or accepting bribes to gain a business advantage. #Dataprivacy breaches: Failing to protect customer data from unauthorized access. #Examples of Conduct-Related Fines In recent years, we have seen numerous examples of #financial institutions facing significant fines for conduct-related offenses. Some notable cases include: A Bank: Fined billions of dollars for its involvement in #LIBOR manipulation and other misconduct. B Bank: Fined for failing to adequately address #moneylaundering concerns. #Lloyd's of London's decision to overhaul its conduct rules is a positive step in addressing the growing importance of this issue. By providing clearer guidance and promoting a culture of integrity, the marketplace can help to ensure that its members operate ethically and responsibly. #conductrisk #riskmanagement #financialservices #compliance #regulation #ethics #insurance #lloydsoflondon #business #finance #leadership #finance #risk #ai

Join our growing team! We're seeking a passionate Individual for the role Senior Independent Testing Specialist. Learn more about the role and apply #Hiring #risk #wellsfargo #riskmanagement #testing #review #hiringnow #role #careers #riskjobs

#U.S. #Banks Under Scrutiny for #ClimateRisk Preparedness A recent review by the Office of the Comptroller of the Currency (#OCC) has revealed that major U.S. banks are still in the early stages of assessing and managing the #risks posed by climate change. While all 22 banks examined have taken some steps to identify climate-related risks, the OCC found significant disparities in their approaches and levels of preparedness. In a letter sent to bank #CEOs, the OCC emphasized the need for more robust climate #riskmanagement strategies. The letter highlights the potential financial implications of climate change, which could impact trillions of #dollars in assets. As #regulators and #industry experts raise concerns, it's imperative for banks to prioritize climate risk mitigation. Failure to adequately address these risks could have far-reaching consequences for both the #financial sector and the broader #economy. #ClimateChange #Banking #FinancialRisk #Regulation #Sustainability #risk #fintech #finance #Climate https://lnkd.in/gTiFR56f

I came across this fantastic article by yamini . It offers valuable insights on tools for self assessment. Self-assessment tools can help you identify your strengths, weaknesses, and areas for growth. Whether you're a seasoned professional or just starting out, these tools can provide valuable insights into your career journey. #selfassessment #careerdevelopment #personalgrowth #LinkedIn

#WallStreet Texting Taboo: Avoiding #Fines and Ensuring #Compliance In the age of instant #communication, texting has become an ubiquitous part of our lives. However, for Wall Street firms, the seemingly innocuous act of texting can lead to hefty fines and #regulatory headaches. Recently, several major #financial institutions were hit with a collective #fine of over $470 million for failing to properly preserve #electronic #communications, including #text messages. This begs the question: why are regulators cracking down on texting on Wall Street, and what can firms do to ensure compliance? #Regulatory Requirements: Why Texting Needs to be Taken Seriously The Securities and Exchange Commission (#SEC) and the Commodity Futures Trading Commission (#CFTC) have strict #record-keeping requirements for financial institutions. These #regulations mandate that all #business-related communications, including #emails, text messages, and instant messages, must be preserved for a specific period. #This requirement exists to ensure transparency and accountability in the financial markets. Text messages can contain #crucial information about #trades, #investment decisions, and #client interactions. By preserving these communications, #regulators can investigate potential misconduct, prevent fraud, and protect investors. #The High Cost of Non-Compliance The recent wave of fines highlights the serious consequences of failing to comply with record-keeping regulations. In #2022, several Wall Street firms were fined a staggering $1.8 billion for using unauthorized texting applications. #Avoiding Texting Trouble: How to Stay Compliant Financial institutions can take several steps to ensure they are compliant with texting regulations: #Implement a clear and comprehensive electronic communications policy. This policy should outline acceptable communication channels for business purposes and prohibit the use of unauthorized texting apps. #Invest in technology solutions for archiving electronic communications. There are various software solutions available that can capture and archive text messages and other electronic communications. #Educate and train employees on regulatory requirements. Employees should be aware of the £risks associated with texting on personal devices for business purposes. #Regularly monitor and audit employee communications. Firms should have procedures in place to monitor employee communications and ensure #compliance with the policy. By following these steps, financial institutions can mitigate the #risks associated with texting and ensure they are operating within the #regulatory framework. #WallStreet #FinancialRegulation #TextingCompliance #FinTech #Regulatory #Finance #Business #Investment #Economics #Economy #Market #StockMarket #WallStreetBets #Money #Trading #Blockchain #technology #banking #risk https://lnkd.in/gze8n_8g

#Leadership #team #growth #innovation