risk management

Live from InterACT – Closing Keynote

April 30, 2008

Ted Iacobuzio of TowerGroup gave the closing keynote, expanding on the survey results Fair Isaac announced today. More than 100 of the InterACT attendees took the survey – clearly this is top of mind. Some highlights:

Lenders appreciate the need for integrated customer information and multi-product decisioning
Lenders are not all at the same speed in implementation
Respondents [...]

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Live from InterACT – An Enterprise Decision Engine for Originations

April 30, 2008

Wednesday begins with Antonio Paulo Conde from Citibank Brazil talking about an enterprise decision engine for originations in their retail bank. Measuring and understanding the risk of new financial products is important and became more so as the sales teams gained more negotiation power. To address this Citibank used Blaze Advisor to build an [...]

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Live from InterACT – Insurance in the 21st Century

April 28, 2008

After lunch I joined the Insurance track and listened to Don Light of Celent (who wrote this nice paper some time ago) and Mike Gordon of Fair Isaac. Mike started and his first slide was headlined “survival of the fittest” which seems like the right headline! There is clearly a lot on in insurance these [...]

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Live from DAMA – The Business Drivers Behind Creating an Enterprise Data Architecture in the Gaming Industry

March 19, 2008

Terry from Pinnacle Entertainment (a gaming company) was up after lunch on The Business Drivers Behind Creating an Enterprise Data Architecture in the Gaming Industry. Pinnacle has 12 properties, none in Vegas, and competes with the likes of Harrah’s (used as a case study by Stephen Brobst yesterday). Pinnacle started with a marketing data warehouse, [...]

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Governance, Risk and Compliance (GRC) Reality Check with IDC

March 11, 2008

I dropped by the IDC Directions event today and saw two presentations. First up was Kathy Wilhide talking about Governance, Risk and Compliance or GRC as it is known. The GRC market has grown from a need for higher levels of confidence in financial and operational information. As compliance is not built into most existing [...]

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Automating detection of insider trading, money laundering and fraud

January 29, 2008

One of the most interesting uses of enterprise decision management or EDM is in automating detection of various kinds of “bad” activity. Whether the concern du jour is insider trading, money laundering or just plain old fraud. There are a number of reasons why EDM is such a powerful approach.

Automation is fundamentally the best approach [...]

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Book Review – IT Risk

August 15, 2007

IT Risk: Turning Business Threats into Competitive Advantage
I was lucky enough to get a pre-release copy of IT Risk: Turning Business Threats into Competitive Advantage by George Westerman and Richard Hunter. The book approaches IT risk not as a technical issue but as a business and management one with potentially serious consequences. As businesses increasingly are there [...]

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Book Review – Execution

December 20, 2006

Execution: The Discipline of Getting Things Done
Over the weekend I finished “Execution. The Discipline of Getting Things Done” by Larry Bossidy and Ram Charan. This book is a succinct summary of all that is wrong in many companies. Larry and Ram analyze many of the most dysfunctional behaviors seen in large corporations and lay out [...]

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