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Alliance Partner

Journal of Compliance, Risk and Opportunity (CRO)

BASEL 2.5
Strengthening the Resilience of the Banking Sector
Alok Tiwari, Kamakhya Mishra, and Ashley Cherian

In March 2008, New York governor Eliot Spitzer had to resign following investigations that owe their origin to Suspicious Activity Reports (SARs) filed by two banks in New York (North Fork Bank and HSBC) with the US treasury department and the Internal Revenue Service. Spitzer moved large sums of cash in bank accounts under his control, and the two banks reported the transactions as suspicious.

“CRO is a comprehensive publication which fills a very important gap in the market especially since there are no other publications that cater to this emerging topic. As far as FIU-IND is concerned, CRO gives very good coverage on anti-money laundering (AML) and countering of financing for terrorism (CFT) issues, for which there is a need for awareness in the market” - Arun Goyal, director, Financial Intelligence Unit India (FIU-IND). “I wish to convey my appreciation to Finsight for successfully organizing the IBA’s Bancon Expo, where the delegates were provided with very interesting insights into banking and IT products and services which could be leveraged by banks while moving into the new banking paradigm” – H N Sinor, ex-chief executive, Indian Banks’ Association. “My congratulations for giving a total facelift to The Indian Banker and making it an attractive and scholarly journal of a high standard” – H A Daruwalla, ex-chairperson and managing director, Central Bank of India. “CRO publishes good articles of an informative nature” - S Venkatachalam, Executive Vice President, Fullerton India Credit Company Limited

	INFOSYS LAUNCHES FINACLE ADVIZOR Banking Self Service Platform Corporation Bank, PayMate and Tata Tele Services have joined hands to introduce ‘Green Money Transfer’, person-2-person (P2P) service in India. The alliance introduces this as industry’s first and unique service, wherein a PCO or True Value Shop (TVS) is used as a channel for the fund transfers.
	TECHNOLOGY OUTSOURCING FOR BANKS TODAY Jeff Goldberg Ontario, Canada based Algorithmics recently announced that Taiwan’s First Commercial Bank has chosen its integrated risk solutions, Algo Market Analytics, Algo Credit Exposure and Algo Credit Limits for Basel II compliance and counterparty credit risk management and credit limits monitoring.