Latest news with #riskmanagement

Finextra
8 hours ago
- Business
- Finextra
Risk management firm EverC and AWS collaborate to fight fraud
Since Q4 2024, EverC, a leading provider of AI-driven risk management solutions for digital commerce, has been working with Amazon Web Services (AWS) to support innovation. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. EverC began to integrate GenAI into their core solutions, with an eye to streamlining and scaling risk management for acquiring banks, payment processors, and online marketplaces. Leveraging AWS GenAI solutions has allowed EverC to set new industry standards in the use of AI to identify and root out online fraud. Through a multi-model approach, EverC deploys AI to: • Fully automate processes, enhancing efficiency and reducing the need for manual intervention • Classify merchants, MCCs, content, categories, and products quickly and accurately. • Add new features and functionality, for a solution that evolves dynamically. • Achieve precision comparable to human analysts, in a way that is more efficient with time, cost, and resources. • Identify novel patterns and anomalies, for a more comprehensive picture of risk. • Rapidly adjust to customers' risk tolerance and business goals, as well as changes in regulations and industry trends EverC leverages sophisticated artificial intelligence to address the intricate challenges within a complex industry. Recognizing that risk management requires tailored solutions, the company develops AI-driven technologies that are not one-size-fits-all. EverC emphasizes the crucial role of its data and domain experts, who continuously train, refine, and verify these models to ensure their ongoing effectiveness in a constantly evolving landscape. AI is considered a fundamental driver of EverC's growth and scalability. Through the implementation of automated processes, the company experiences accelerated development, reduced latency in production, and significant operational and cost efficiencies. EverC believes that AI enables exponential growth, overcoming the limitations associated with linear growth models that are dependent on the number of analysts. Going forward, EverC will continue to develop AI-driven technology to solve the increasingly complex challenges of payments and ecommerce, shifting more classification tasks into Gen-AI based on AWS Bedrock, testing and evaluating various models, and building agentic systems for proactive, complex, and autonomous systems. Working together with AWS will allow EverC to remain in the forefront of AI-driven technological advancements but also aligns with AWS's mission to promote the use of Generative AI to support innovation worldwide. EverC is proud to promote its utilization of GenAI, which has significantly transformed its processes – and its products.


Bloomberg
9 hours ago
- Business
- Bloomberg
Macquarie ‘Millionaires Factory' Put at Risk
By Corrected July 30, 2025 at 7:39 PM EDT Save Good morning, it's Ainsley here in Sydney with all the news you need to start your day. Today's must-reads: • Macquarie's bumper pay at risk from investor revolt • Westpac CEO urges faster building approvals • Rio Tinto's first-half profit drops Macquarie's long vaunted money-making machine for top bankers is showing signs of strain after a string of lapses in risk management and senior departures. Macquarie faces potential penalties amounting to hundreds of millions of dollars after drawing the ire of regulators from the US and UK to Australia. Concerns are also mounting among investors as they demand more accountability from management.
Yahoo
16 hours ago
- Business
- Yahoo
From Cards to Cash: How Poker Is Powering Wall Street's Biggest Trading Wins
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. While most investors obsess over technical indicators and earnings reports, one of Wall Street's most successful trading firms has found its edge in an unexpected place: the poker table. Susquehanna International Group, among the biggest and most successful trading operations globally, actively uses poker to train its traders—and the lessons translate directly to market success. The connection isn't as unusual as it might seem. Both poker and trading are fundamentally games of incomplete information, probability assessment, and risk management played under pressure. 'There are a lot of parallels between poker and trading,' explains Jeremy Ween, a former professional poker player turned proprietary trader, who credits poker with teaching him patience and risk management skills that proved invaluable on trading floors. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The Psychology of Decision vs. Outcome The most crucial lesson poker teaches traders—and one that trips up countless retail investors—is distinguishing between making the right decision and achieving the right outcome. In both poker and markets, you can make the correct decision based on available information and still lose money, just as you can make poor decisions and get lucky. This separation is vital for long-term success. Professional traders understand they must 'get comfortable with the variance in outcomes.' Over a career of playing, good decision-makers consistently come out ahead despite individual losses. Retail investors who haven't internalized this concept often fall into the dangerous trap of chasing losses, becoming 'willing to do riskier things to get back to even' after a bad trade. Strategic Bet Sizing: The Make-or-Break Skill Perhaps the most directly applicable lesson involves position sizing—what poker players call bet sizing. Even with 'pocket aces' – a sure-thing trade –, professionals never risk their life savings. The goal is avoiding being 'stopped out' or 'blowing up' when markets move unexpectedly. Trending: New to crypto? on Coinbase. This translates to sophisticated options strategies. A poker scenario—calling a small raise with pocket twos, hoping to hit a set—directly parallels buying low-delta, low-premium options in trading. The maximum loss is small, but potential gains are massive if things align favorably. Reading the Market's 'Tell' Both successful poker players and traders excel at information processing under uncertainty. They must 'put somebody on a hand or put them on a distribution of hands' to 'figure out what they might be thinking' based on their actions. In markets, this means analyzing order flow, understanding institutional behavior, and recognizing when sentiment shifts are creating opportunities. The key difference from poker lies in information availability. While poker involves hidden cards, financial markets offer abundant public information—earnings reports, economic data, and regulatory filings. The challenge becomes distinguishing valuable signals from noise, much like a poker player reading psychology rather than relying on physical the Rookie Trap Professional training helps traders avoid what poker reveals as classic psychological pitfalls. The biggest mistake rookie investors make is 'assuming that whatever the current state of the world is, is going to be the future state of the world.' Market meltdowns consistently punish those who assume stable correlations will persist indefinitely. Equally dangerous is the self-serving bias that prevents learning. Players who constantly blame 'bad beats' rather than examining their own decision-making lack the 'humility and introspection' necessary for improvement. Markets provide continuous feedback—but only those willing to accept responsibility for losses can benefit from it. The Bottom Line for Retail Investors The overarching philosophy both poker and successful trading share is making 'positive expectancy decisions'—consistently putting capital at risk for appropriate returns by buying assets below fair value or selling above it. This framework works across all markets and timeframes. For retail investors, the poker analogy offers a powerful mental model: focus on process over outcomes, size positions appropriately, and remain humble enough to learn from losses. The cards you're dealt matter less than how you play them. Read Next: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Image: Shutterstock This article From Cards to Cash: How Poker Is Powering Wall Street's Biggest Trading Wins originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- Business
- Yahoo
KRG Advisors Launches with Combination of Advisory Services and AI-backed Scenario Planning
Teneo, Edelman and Burson Alum launches firm with 20+ Senior Client Advisors NEW YORK, July 30, 2025 /PRNewswire/ -- After months of discreet planning to onboard six inaugural clients and 20+ team members, today Chris Deri announced the launch of KRG Advisors, consulting CEOs, heads of Communications & Corporate Affairs and other C-suite leaders. KRG advises companies and organizations on reputation & risk management, societal issues and geopolitics, combined with its own AI-backed scenario planning models, to provide clients with communications and engagement strategies designed to achieve their business objectives and growth goals. The firm provides client services in three areas: Executive Advisory & Positioning, Communications & Public Affairs, Geopolitics, Society & Intelligence. Over the last two decades, Deri has led global practices and geographic markets, and has served in executive roles at Teneo, Edelman and Burson. He formed KRG to address a gap and opportunity in the market for both clients and senior talent. "We're different because, unlike larger firms, we deliver on the simple client promise that 'senior people do the work', combined with generative AI woven into our team's assessment, counsel, and activation efforts," said Deri, KRG's founder, "Our team is drawn to a flat advisory model, where they can focus entirely on advising clients and learning from one another, not managing P&Ls or operating in silos. I still pinch myself about the clients we already work with, the talent we have assembled, and the tools we are using." KRG's team members each bring years of experience from various senior roles, within: in-house public affairs, corporate and financial communications functions, political campaigns and polling, management consulting, government foreign service, military intelligence, NGOs, research and measurement, technology product development, TV and film production and leadership positions at advisories including Teneo, Kekst CNC, Edelman, Burson and FTI. The firm currently advises a generative AI startup, media and advocacy organizations, multiple B2B companies reimagining their growth and go‑to‑market strategies, and a number of multinational companies on geopolitical risk issues. About KRG: KRG advises companies and organizations on reputation & risk management, societal issues and geopolitics, combined with their own AI-backed scenario planning models, to provide clients with communications and engagement strategies designed to achieve their business objectives and growth goals. ( Media Contact:Anabelle Greene: AGreene@ View original content: SOURCE KRG Advisors Sign in to access your portfolio


Forbes
19 hours ago
- Business
- Forbes
Security Is Now A Feature, Not An Afterthought
Gegham Azatyan, cofounded Dexatel in 2015, innovating in CPaaS and omnichannel solutions for secure business growth. Not long ago, enterprise leaders bought business communications tools the same way they picked office furniture. Something sturdy. Functional. Preferably with lots of integration options and a tolerable price tag. Security? That was IT's headache. Or legal's. Or perhaps, with luck, an auditor's. But that approach no longer works. Security has migrated from the back office to the boardroom. It's now a product feature, front and center. And in enterprise communications, I've found that it's fast becoming one of the features that matter most. Why? As founder of an omnichannel business communication company, I've come to believe it's because we're living in a time when customer engagement is not just multichannel—it's multi-risk. Whether you're pinging customers on WhatsApp, verifying users by SMS or pushing two-factor alerts in bulk, you're not just transmitting data. You're transmitting trust. And, in many cases, you're assuming risk on behalf of the customer. That changes the stakes. Security As A System Instead Of A Patch Too many platforms still treat security like a postscript—or, worse, like a damage control strategy. You don't need a reminder of how poorly that can end, but just in case, see the growing list of breaches that have turned household brands into cautionary tales. Instead of flashy dashboards or volume discounts, more and more tech buyers are asking vendors for penetration test results. They review data flows. They want transparency baked in. And they're right to do so, because in the new era of business communications, I find the real differentiator isn't who can message faster. It's who can message smarter. Securely. Responsibly. Globally. In other words, we're seeing the rise of communications platforms built like infrastructure, not like apps. The kind of platforms that hold up not just under volume, but under scrutiny. And that's where security—once buried deep in the spec sheet—is finally getting its due. From Compliance To Competitive Edge Take ISO/IEC 27001 and GDPR, for instance. Once seen as bureaucratic hurdles, these compliance certificates are now becoming market differentiators. When a vendor says, 'We're compliant,' more and more enterprise buyers are hearing, "We've done the hard work so you don't have to explain a breach to your CISO." In regulated industries like banking, healthcare and even e-commerce, that message can resonate. Strong data governance is important for reducing vendor risk, building consumer confidence and future-proofing digital growth. Of course, compliance isn't exciting. Few enterprise leaders are going to brag about their data protection impact assessment at a cocktail party. But for buyers? These certifications can offer something better than buzz: assurance. These are all reasons why I believe we as enterprise leaders should demand more. Secure communications should be architected, not added. That means encryption at rest and in transit. It means vendor due diligence, real-time anomaly detection and, yes, governance built to survive audits. But most of all, it means asking better questions, such as: • "Who has access to the message?" • "What happens if the user's phone is compromised?" • "Where is the data stored?" • And the question nobody likes to ask: "How easily can this be misused?" Best Practices For Architecting Secure Communications Platforms If you're building or evaluating a communications platform in today's security-sensitive world, consider these five best practices—not as a checklist, but as a mindset. 1. Treat security like infrastructure, not insurance. Secure communications should be built from the ground up. That means encryption standards shouldn't be an afterthought. Architect for both encryption at rest and in transit—and plan for scale. Your platform should perform just as securely on Day 1 as it does on Day 1,000. 2. Build governance that's audit-proof, not just audit-ready. Don't scramble when a regulator comes knocking. Create a living governance framework: one that outlines data flows, permissions, storage protocols, retention policies and third-party access rules. Document everything, and ensure your framework can stand up to external scrutiny without needing last-minute cleanups. 3. Implement real-time monitoring and anomaly detection. In my experience, most breaches aren't discovered when they happen—they're discovered months later. Real-time anomaly detection, such as alerting for sudden spikes in message volume or unexpected IP geolocation patterns, can flag issues before they become incidents. 4. Conduct continuous vendor due diligence. Too many companies treat vendor vetting as a one-time event. But vendors evolve, and so do their risks. Re-assess critical vendors annually, review their compliance updates, and don't be afraid to ask for recent third-party audit reports. 'Trust but verify' applies here more than ever. 5. Avoid the most common pitfall: over-reliance on tools. Yes, software matters. But so do people and processes. Invest in security training for internal teams. Align cross-functional stakeholders—from legal to engineering—so everyone understands their role in protecting communications. Technology without accountability is just an accident waiting to happen. You wouldn't send your CFO into a board meeting with half-finished numbers, so don't send your customer messages over half-secure channels. In 2025, security is not a luxury. It's a core feature. And if your communications platform isn't treating it that way, it may be time to shop around. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?