Andrew Waxman
Associate PartnerAndrew Waxman is an associate partner in IBM Global Business Services' financial markets risk and compliance practice. He is the author of the
Andrew Waxman is an associate partner in IBM Global Business Services' financial markets risk and compliance practice. He is the author of the
Financial institutions can improve monitoring of suspicious activity and potentially risky customers using algorithms, but they need to treat this new technology with caution.
Financial institutions can begin to reduce the number of rogue employees and put a stop to bad behavior.
Banks should ensure that their employees are nimble enough to react when unexpected situations arise, just as many had to do during the 2008 crisis.
It can be hard for bankers to carve out opportunities to tackle complex problems in today’s always-on culture, but it’s important for getting ahead.
The work of the famed psychologist Daniel Kahneman provides insights into how bankers can make better business decisions around cryptocurrency and other investments.
The work of the famed psychologist Daniel Kahneman provides insights into how bankers can make better business decisions around cryptocurrency and other investments.
There’s growing evidence that the greatest progress and most effective decision-making are not the products of a single charismatic leader or pair of leaders, but of a collaborative culture. Banks could benefit from adopting this mindset.
Alternative data can be beneficial for individuals locked out of the financial system’s more conventional data types, but such data is open to manipulation or biased interpretation.
Unlike a visiting sports team, foreign banks can't just blame local referees they perceive as biased for penalties or fines.
Using historical patterns to predict the next financial success or crisis seems rational. But beware the human psyche’s tendency to concoct order out of randomness.