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 CEO George Adams of SSH Communications Security, Inc. will present how to identify and control daily operational risks and to build a comprehensive Operational Risk Management (ORM) plan at the 2008 Financial Services Technology Forum.

 

Operational Risk Management - The Big Security Picture

 

With enormous amounts of valuable corporate data concentrated in financial organizations’ information systems, IT managers must carefully control daily operational risks by implementing a comprehensive security model that addresses standard HR practices, as well as deploy and administer information security solutions throughout the IT infrastructure. George Adams will discuss how to build a comprehensive Operational Risk Management plan to prevent immense damages.

 

As CEO of SSH Communications Security, Inc., Mr. Adams is responsible for developing and executing strategies to build the company’s market position. With millions of users worldwide, the company’s Secure Shell application has become the de-facto standard for secure Internet logins.  Mr. Adams is also a member of the board of directors of the parent company in Finland. Prior to joining SSH, Mr. Adams was vice president of business development for Phoenix Technologies Ltd., where he led strategic initiatives in Internet-based remote management and support.  Mr. Adams has also previously held positions at Sun Microsystems, Intel, Analog Devices, and Motorola.

 

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Financial institutions like banks, security companies and other lending institutions must have some type of system in place that can manage their staff, customers and sensitive paperwork. Financial Services Technology and Banking Software is a necessity for any financial institution if they wish to make their services run smoothly.

Financial Services Technology / Banking Software

Banking software should address the clerical aspects of any business, fund disbursement, collateral maintenance and management. It should be in place to regulate trading, securities, lending, interest rates and changes that are constantly happening. It should also have applications for customers, staff and management.

Benefits of Collateral Management Software

This type of software is used to reduce cost, decrease time, speed up loan processing, track customers, staff and paperwork. It also allows for staff analysis, it reduces duplicate data storage, and it offers electronic storage. It incorporates document linkage and tracks cash flow, and offers payment solutions and application modernization. Banking and collateral management software brings less risk and it helps with decision making.

Purchasing Software

Financial Services Technology and Banking Software can be purchased through online sources. There are several reputable companies that will offer a free consultation that will evaluate the customers business and determine the software that is appropriate for the business. Whether it is a large institution or a small business, there is a collateral management software package out there. It is best to do the research of the software company to determine if they have the years of experience, references, favorable reviews and the customer service to back it up.  Read more...

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October 06, 2008 – Toronto, Canada – Edmund Rucels, Director of Business Development at GAO RFID Inc. will cover intelligent RFID technology widely used by a variety of financial enterprises at the 2008 Financial Services Technology Forum scheduled on October 28 & 29, 2008 at the Design Exchange in Toronto, Canada.

Ed is a senior technology executive. He has a combined 40 years of IT operations and RF sales and marketing experience. He was an executive with Canada’s leading telecommunications manufacturer where he directed data processing and global network strategy. Later, he was consultant to a number of technology startup companies. Prior to heading sales and marketing at GAORFID he was responsible for global market at Canada’s leading RF manufacturer where he directed international supply chain initiatives for the cold chain and seaports.

 

2008 Financial Services Technology Forum

The 2008 Financial Services Technology Forum focuses on new, cutting-edge enterprise applications and solutions that are sustainable, flexible, and increase profitability. This year’s event features over 30 interactive expositions and 20 engaging conference sessions presented to all corporate users, from service providers to small, medium and large businesses alike.

About WowGao Inc.

  

WowGao Inc. is an Event Management Company that organizes and manages internationally renowned conferences and expositions focusing on latest innovations and developments in Information Technology Industry since 2003. We have been honored with an award for our excellence. Our featured events are:  Read more...

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Businesses around the world have an ever-increasing important task for practicing smart collateral management. The globally faced financial pressures caused by massive credit, bank, and financial institution failures and the stringent governmental regulations imposed as a result have lead to a need for financial institutions to adopt new solutions for managing and monitoring collateral. One of the main solutions for better management and monitoring of collateral is through the use of financial services technology.

Financial services technology from a collateral management standpoint may help to limit the genuine risk that improperly managed collateral can lead to institutional failure. Collateral can take on many forms including currency, stocks and bonds, real estate, jewellery, commodities, and other equitable securities and valuable assets. One form of collateral or another is almost always required for certain types of financial transactions including derivatives, business lending, and consumer lending. Financial institutions most commonly encounter the need for collateral within derivative transactions.

Derivative transactions do not involve tangible exchanges of assets, but rather are agreements to exchange assets at a later date. Essentially the agreement to perform a financial transaction at a later time has value determined by another underlying item. The potential scenarios that result in derivative transactions are infinite, as they can be based on anything and applied to any financial situation. Placing collateral in a derivative transaction helps to secure that the obligation will be met if the outcome of the underlying item causes the derivative transaction to work in the other parties favour.  Read more...

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All financial institutions require the use of banking software and financial service technology. Businesses like banks, investment brokerage companies and other lending institutions all need to have some kind of advanced system in place that has the ability to efficiently and securely manage staff, customer and private information and paperwork. For financial institution to be able to efficiently and securely run their business, the need for financial Services Technology is an essential necessity.

Software solutions for the financial services industry ought to deal with the clerical requirements of distributions of funds, collateral management and maintenance as well as have the ability to maintain records of transactions and private client information. This type of software should be specifically designed for the financial services and banking institution using it. The technology will need to be in place to control trading actions by investor clientele, monitor securities and other related transactions, maintain up to date records of all lending activity including interest rates and terms as well as keep track of all changes that are constantly taking place. Moreover, the system should have the capability of maintain all customers, staff and management information and applicable information.

Financial service technology and banking software is used to create a more efficient business structure and in doing so reduce costs, save time, and improve loan processing quality and speed. Also, the use of this technology allows more efficient tracking of customer data and employee paperwork. Moreover, this type of software has the ability to integrate document links while tracking cash flows in real time. Financial service software creates more security and reduces risk as well as allow for better informed decision making with instantaneous access to records and information.  Read more...

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