By Narasimham Nittala Overview As we all know, Patching (or patch management) is the lifecycle process of identifying, acquiring, installing, and verifying software code revisions […]
Category: Articles
AI Data Privacy & Security Risks in Financial Systems
By Narasimham Nittala Overview Artificial Intelligence (AI) is embedded deeply in financial services—from credit scoring and fraud detection to AML screening, customer service automation, and algorithmic […]
AI Hallucination Risk in Financial Systems
A Hallucination is a sensory perception (such as a visual image or a sound) that occurs in the absence of an actual external stimulus and […]
CIRO Cybersecurity Incident – August 2025
As we know, on August 11, 2025, the Canadian Investment Regulatory Organization (CIRO) identified a Cybersecurity threat and as a precaution, CIRO proactively shut down […]
NIST AI Risk Management Framework: GOVERN 1.1
NIST AI Risk Management Framework: GOVERN 1.1 The NIST AI Risk Management Framework (NIST AI RMF) helps organizations manage risks related to AI, while balancing their goals […]
Deloitte Canada Acquires Allevar to Strengthen Financial Crime, AML, and Compliance Capabilities
Toronto, July 3, 2025 – In a move to expand its regulatory compliance and financial technology capabilities, Deloitte Canada has acquired Allevar, a Toronto-based firm […]
What is Smart Third-Party Risk Management (Smart TPRM)?
Smart TPRM is a more dynamic, risk-intelligent, and technology-enabled evolution of TPRM. It is a risk-centric, lifecycle-driven approach to managing relationships with external providers—especially those […]
FCA Proposes Free Financial Advice to Millions: Policy Shift Analysis
The UK’s Financial Conduct Authority (FCA) has unveiled a proposal to allow banks, pension firms, and other financial providers to offer simplified, potentially free financial advice to millions […]
AI GRC in the Age of Artificial Intelligence: More Questions And More Actions!
It is well known that the FSI is perhaps the most regulated workspace in this world. A lot is being discussed on Artificial Intelligence Governance, […]
Are Canadian Credit Unions geared up against Cybersecurity risks? An oft discussed topic that continues to draw attention!
Credit Unions reflect an unique financial fabric in Canada’s economy. These age-old financial institutions were among the first pioneers in introducing financial discipliee and ownership […]