Are Banks Taking Swift for Granted?

Posted

In February 2016, financial messaging system Swift inadvertently let hackers steal $81 million from Bangladesh’s account at the Federal Reserve Bank of New York. As a result of this and other cyber attacks against Swift’s users, U.S. banking regulators are increasing their oversight of the Belgium-based company and the financial institutions it serves. Response to… Read more »

What Builds an Effective Whistleblower Program?

Posted

A whistleblower program can be an effective method for stopping fraudulent activities, although not many companies utilize such a program. Here are some steps to take in building an effective whistleblower program, and how they benefit businesses. A Whistleblower Program Should Encourage Early Reporting An effective whistleblowing program should include reporting financial fraud early and within… Read more »

Want to Work in Finance? You Need These Soft Skills

Posted

  When seeking a job in the finance sector, soft skills are just as important as number crunching. Here are four soft skills you must possess when working in the area of finance. Communication  Because you’ll be working with colleagues in different departments, clear communication is vital. Not everyone has the same level of financial… Read more »