Citi addresses $400M risk management fine with automation, data

https://bankinnovation.net/allposts/focus/secur-risk/all-eyes-on-automation-data-as-citi-addresses-400m-risk-management-fine/
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Automation and improved data governance will be two crucial components of Citigroup’s multiyear modernization of the bank’s infrastructure. Less than a week before the bank’s third-quarter earnings call Tuesday, the OCC and Federal Reserve Board had announced they were fining Citigroup $400 million for “significant ongoing deficiencies” in its risk management systems, a set of […]

https://bankinnovation.net/allposts/focus/secur-risk/all-eyes-on-automation-data-as-citi-addresses-400m-risk-management-fine/