New behavioural analytics are key to effective conduct risk, Taras Chaban told an audience drawn from HM Treasury, FCA, parliamentarians, business, consumer representative groups, voluntary sector and media.
Speaking at the Westminster Business Forum; The future of Fintech in the UK – Competition, Regulation and Opportunities for Growth, Chaban highlighted how a new wave of regulation focused on accountability and culture change requires a radically different and collaborative approach to conduct management globally.
“Detailed insight in the decision making processes in the complex world of financial services is the building block for an effective behavioural risk system. The rich data set that institutions are now required to manage can be analysed in new smarter and faster ways to identify and manage suspicious and high-risk behaviour. This is good news for the c-level who consistently cite conduct and culture as top issues that keep them awake at night.”