Tag: BankingTransformation

For years, banks have modernised around channels. Mobile apps have improved. Onboarding has become faster. Customer engagement has also become more personalised. These improvements matter because customers experience them daily. However, a more difficult shift is now underway.

Since the release of the “Principles for effective risk data aggregation and risk reporting” regulation (commonly known as BCBS 239) in January 2013 by the Basel Committee on Banking Supervision (BCBS), the regulation evolved significantly, transitioning from a regulatory requirement into a strategic framework for improving risk data aggregation and reporting across the banking sector.