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But Big Data lands new capabilities in the hands of corporate treasurers and other executives that yields active, real-time assessments of risks from multiple angles, from counterparties to compliance. Effective counterparty management hinges upon setting and actively managing a core set of counterparty metrics.
As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. ManagingRisk. One technology Beaulande cited as especially helpful to banks’ treasury departments is the API.
Further, if payment service providers wish to exempt corporate payments from SCA requirements, they must provide a comprehensive riskassessment and outline of riskmitigation measures to the FCA each year at least three months before the exemption can be applied.
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