ValidMind’s Post

What can I say—with the amazing ValidMind team and equally amazing customers, anything is possible. I'm excited to share our latest case study with General Bank of Canada, where we’ve partnered with Adam Ennamli and his team to implement ValidMind’s AI Model Risk Management platform. It’s been a great experience working with such forward-thinking leadership and organization, and I look forward to continuing our work together. Don't miss out!! Follow the post below to read more about the project. #ValidMind #AI #ModelRiskManagement #Fintech #Banking #Collaboration

I spend my life evangelising to banks how they can improve their real-time treasury capabilities and I get a real buzz when three things happen next: # First when someone reacts by doing something to improve based on my input - that’s the old consultant in me feeling the dopamine hit of validation # Second when someone decides to buy our solution Realiti to deliver the improvements - it’s the best way of proving that others see the value in what I’ve been saying to them # Third when I get to hear the benefits that they have gained in the real world by actually implementing Realiti - my life becomes complete So you can imagine how pleased I was to spend time with one of our very happy clients, Nicolas Nadeau of National Bank of Canada. We talked about why they decided to ‘transform treasury’, what they old world looked like and why the new (Realiti-enabled!) world is so much better, the benefits they’ve gained and how they now have a new mindset in how to use data to generate insights to improve their bank’s performance. I’ve written up our discussion in the form of a blog on the Planixs website, I’ve put the link in the comments. Please take a look and let me know what you think. In particular it would be great to hear from a few friends so I’ll shout out to Nick Jepson, Arthur Moran, François Franzl, Joel Feazell (As a quick explainer of Realiti, it's the only software that can give firms real-time data, even if they're dealing with millions of transactions every hour and have thousands of different accounts. Realiti was seamlessly implemented with minimal intrusion into NBC's infrastructure and the move completely changed how they saw and used data and has already saved $millions. Don’t guess, know) #LiquidityManagement #RealTimeTreasury #RealTimeLiquidityManagement

Affordable fees = happier customers. 🥳👏🏽 High bank charges are pushing more Nigerians to reconsider their financial options. Banks need to understand their customers' concerns and work on solutions that foster trust and loyalty. SurveyPlus can help gather feedback on what customers think about fees and services, so they can make changes that build loyalty. Want to know more? Send a DM and let's discuss. #getsurveyplus #datainsights #fintechindustry #financialinstitution #customerpainpoints #bankfees #bankcharges #realtimedata

Seismic real growth opportunity. A new report has come out that shares: ➡️ Why high-yield checking — and its unique COF discount — is the best strategy to reduce fragility in a deposit portfolio. ➡️ How three community financial institutions are using high-yield checking and savings accounts to reduce COF, build customer and member engagement, and create PFI relationships. ➡️ The tools you need to get real deposits, real margin, and real engagement. Don’t miss it. https://lnkd.in/gsGW3kwm #CommunityBanks #CreditUnions #DepositGrowth #FinancialServices

There’s been a major reworking of the Community Reinvestment Act (CRA), which charged banks with extending credit to low- and moderate-income neighborhoods (LMI) – areas that had been “redlined” or previously excluded from the support of the banking system. Within a wide array of changes, financial education will become a more significant element of CRA exams. Our #client explores this in her latest article in BAI Banking Strategies. Check it out! https://hubs.la/Q02rRzd50 #CRA #FinancialWellness #BAI #Fintech

9.2 Conclusion: #Regulation - Your Financial GPS In the labyrinthine world of finance, regulation is your trusty guide - as essential as an umbrella in London or a sense of humor in Britain. It's the invisible force keeping the #financial world from descending into more chaos than a roundabout during rush hour. So, whether you're a boutique #fintech in Brighton or a centuries-old institution in the City, remember: embracing regulation is like learning to love British weather - challenging at times, but ultimately character-building and occasionally surprisingly pleasant. In our final thrilling episode, we'll be gazing into our crystal ball to explore the Future of #TransactionBanking. Until then, keep calm and comply on! Cheerio! Laxman Maheshwaram Regulatory Raconteur and Compliance Connoisseur #Regulators #Banking #Finance #FATF #Banks #Fintech #Crypto #Treasury #TransactionBanking #ICO #FCA Llyods TBS Offshore Banking HSBC Citi Halifax Revolut Monzo Bank Metrobank Bank of America Bank of England

𝐌𝐲 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐢𝐧𝐭𝐨 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: 𝐀 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐂𝐨𝐧𝐜𝐞𝐩𝐭𝐬 My interest in banking was sparked by watching movies like 𝘛𝘩𝘦 𝘉𝘪𝘨 𝘚𝘩𝘰𝘳𝘵, 𝘐𝘯𝘴𝘪𝘥𝘦 𝘑𝘰𝘣, 𝘢𝘯𝘥 𝘔𝘢𝘳𝘨𝘪𝘯 𝘊𝘢𝘭𝘭. While these films offer a gripping portrayal of the financial world, I initially found myself overwhelmed by many of the technical terms and concepts. That all changed when I transitioned into the banking sector, specifically at Barclays, where I was fortunate to start my journey in 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭.Working in this field gave me a firsthand understanding of how crucial risk management is to the overall health and stability of the banking industry. As I delved deeper into this fascinating world, I realized how important it is to explain complex banking topics in a way that’s easy to understand. With that in mind, I’ve decided to share my insights through a series of blogs that break down intricate financial concepts into more accessible terms. My first blog is on the 𝐈𝐧𝐭𝐞𝐫𝐛𝐚𝐧𝐤 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - an essential part of the banking ecosystem. I hope you find it informative, and I look forward to hearing your feedback!

A year ago I wrote an article (see below) about the outrageously large gap between i) the #energytransition 's need for "financial security deposit" solutions, and ii) the supply of such solutions in the market. I plan to write a retrospective on how this space has evolved in the last year. There's considerable progress to touch upon, yet the demand growth for #interconnection deposits (and similar) still outpaced that progress, leaving us with a bigger hole to fill than when I penned my plea to the banking sector in the first place. It remains the greatest inhibitor to #cleanenergy and #bess / #energystorage deployment that I see, at least from a capital markets perspective. And quite possibly the most investable sub-market in the entire energy transition. Were it not sinfully boring and unsexy, there would be private credit funds and new bank desks aimed at this opportunity popping up weekly. So, more to come on that broader topic in a couple weeks. But in the meantime, I wanted to take a minute to celebrate a specific, related win for Segue Sustainable Infrastructure. Last week Lambros Theofanidis, Wopamo Osaisai and I closed Segue's first #letterofcredit ("LC") facility. I've been trying (and failing) to land such a facility (one where project/portfolio value/strength is underwritten, not just a big name guarantor's investment grade credit rating or 1:1 cash collateralization) for about 15 years. It's been a (very nerdy) great white whale, of sorts. For a term so liberally bandied about in the industry (because people say "LC" when they mean "financial security", and don't understand most deposits are met with cash, which is not "posting an LC"), this may sound strange, but believe me when I say a legitimately useful LC facility for a non IG party is a tough get. For reasons of confidentiality (and, sure, competitive edge), I shall remain cagey on details, but I'm proud that Segue has built a portfolio that - when paired with Lambros's creativity and perseverance - could attract a nicely tailored product from an excellent banking institution. https://lnkd.in/gSuPQKj3

We’re excited to share how U.S. Bank , the fifth-largest bank in the U.S., transformed their incentive compensation management (ICM) with the help of OpenSymmetry. 🚀 >Challenge: Managing compensation for over 20,000 employees manually with spreadsheets. >>Solution: With the strategic support of the OpenSymmetry team, U.S. Bank implemented an #ICM solution to automate and centralize their compensation process. >>>Result: After implementing the new ICM system, U.S. Bank reduced their incentive admin team from 35 to 8 people focused on incentive administration and their other employees were able to focus their attention on other business responsibilities. 👏 Proud to support U.S. Bank in enhancing their performance management! #ClientSuccess #IncentiveCompensation #SalesPerformance #BankingInnovation

A “Big Four” commercial bank with a legacy systems headache faced significant challenges in managing funding and liquidity. This was posing risks to operational efficiency, regulatory compliance, and financial performance. The treasury team could not generate real-time account balances and relied on highly manual processes. The regulator’s strict requirements compounded these challenges, necessitating the automation of liquidity metrics through strategic reporting. The bank needed a solution capable of measuring expected daily gross liquidity inflows and outflows, monitoring intraday liquidity positions, acquiring intraday funding, managing liquidity outflows, and reporting real-time data. Automation, reliability, and the ability to quickly respond to unexpected disruptions were essential. Why did this bank choose Realiti? With the Realiti suite, you benefit from real-time, enterprise-wide 360° visibility of your liquidity landscape, and control over cash and securities in a single platform. The transformation in operations and the value of implementing Realiti capabilities can reach over $100m p.a: "Companies not using Realiti are limiting their treasuries from tapping into this powerful source of real-time liquidity data, and therefore, they’re at a massive disadvantage. Choosing to manage liquidity the 'old-fashioned way' or manually when Realiti exists doesn’t make any sense." These words are from partners of ours, banks like Santander, AIB, and Lloyds. Link to the case study in the comments. #Treasury #Liquidity #TreasuryManagement