risk
How immersive technology can revolutionize risk control in insurance
XR refers collectively to virtual reality, augmented reality and mixed reality technology, all of which can be immensely helpful to insurance businesses. (Shutterstock) It’s clear that technology has helped businesses and people around the world adapt to life during the COVID-19 pandemic — with “remote” ways of working, connecting and general living affecting most everybody. …
Rotating outage requirements may risk customers’ “health and wellbeing”
BRYAN, Texas (KBTX) – In a dire message, Bryan Texas Utilities says a mandatory directive from ERCOT, The Electric Reliability Council of Texas, has hobbled their ability to provide power for customers. Blackouts may continue, they said, until temperatures rise at the end of the week. BTU says ERCOT currently requires they cut roughly one-third …
MAS revises Technology Risk Management Guidelines
Recognising the worsening environment of cyber threats while financial institutions (FIs) expand their adoption of emerging technologies to increase their operational efficiency and to deliver better customer service, the revised TRM Guidelines focus on the following: Board and Senior Management. Introduction of additional guidance on the roles and responsibilities of the Board of Directors and …
Rheumatoid arthritis drug reduces risk of death for severely ill Covid-19 patients, researchers say
The preliminary results came from the RECOVERY trial, which has been testing potential Covid-19 treatments since March 2020. Tocilizumab was added to the trial in April 2020. The results were shared in a preprint, but have not yet been peer-reviewed or published in a medical journal. For the trial, 2,022 patients were randomly allocated tocilizumab …
New FCA report highlights technology change risk to consumers
Financial technology expert Luke Scanlon of Pinsent Masons, the law firm behind Out-Law, said: “The FCA’s findings are consistent with the approach regulators are taking across the world towards financial services technology risk”. “Amongst its findings, the FCA has focussed on a lack of visibility of change across supply chains that have the potential to result …
PG&E to Deploy New Risk Modeling and Fire Spread Technology to Further Reduce Wildfire Risk
PG&E’s 2021 Wildfire Mitigation Plan Also Aims to Continue to Reduce Wildfire Risk and Improve Public Safety Power Shutoffs In a proposal filed today with the California Public Utilities Commission (CPUC), Pacific Gas and Electric Company (PG&E or the Utility) detailed its ongoing strategy to reduce wildfire risk, increase situational awareness, and deploy new technology …
Tabula Rasa HealthCare Deploys MedWise Risk Score™ Technology to PrescribeWellness Community Pharmacy Network
Central to the patient healthcare continuum is the community pharmacist. Tweet this Now embedded directly within PrescribeWellness software, TRHC’s MedWise Risk Score assesses the combined risk of a patient’s medications and incorporates pharmacogenomics, pharmacokinetics, and pharmacodynamics for personalized patient care. For more than 10 years, PrescribeWellness has elevated the role of the pharmacy into a …
Risk Markets Technology Awards 2021: Counterparty risk product
Counterparty risk product of the year: Murex MX.3 for Enterprise Credit Risk features advanced Monte Carlo simulation of potential future exposure, analytical pre-settlement risk measures, regulatory credit valuation adjustment (CVA) capital charges, CVA for the International Financial Reporting Standard 13 accounting regulation, and internal credit limit monitoring. Among the benefits offered by the solution are centralised credit …
Risk Markets Technology Awards 2021: Murex
Trading system – Fixed income, currencies, credit Didier Loiseau, Murex MX.3 has a range of modules for trading fixed income, currencies and credit, with front-to-back office and risk management functionality. Together, they provide wide product coverage, with more than 350 payouts and the flexibility to create new products. For example, fixed income payouts include total …
Seven Takeaways from MAS’ Technology Risk Management Guidelines
The amended guidelines represent a firm step towards further strengthening the defences of Singapore’s financial ecosystem, placing the industry in good stead for the post-Covid economic recovery. On 18 January 2021, the Monetary Authority of Singapore (“MAS”) issued the new Technology Risk Management Guidelines (“2021 Guidelines”), which heavily updated and refreshed the previous Technology Risk …
