Author: SP Sankar
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Risk Control and Self Assessment – RCSA.
Why RCSA (Risk Self-Control Assessment) isn’t just theory. It’s the one process that lets banks see danger coming (and fix it) –before– it hits. It’s where business units identify their –own– risks, evaluate their –own– controls, and –own– their risk posture. Here’s why it’s not just another audit process: Proactive: Spotting problems –before– they…
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Payments Maker and Checker – Controls Testing
The $500M mistake your bank ‘prevented’ with this one control (and why it almost failed). What if your riskiest financial transactions were approved by a single human. That’s where the ‘Maker-Checker ‘ principle comes in – a vital control in risk management and data governance, often called the ‘Four-Eye Principle.’ At its core, it…
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Data Governance – Overview
In today’s data-driven world, organizations generate and consume more data than ever before. But having large volumes of data alone does not guarantee better decisions. Without proper structure, ownership, and controls, data can quickly become inaccurate, inconsistent, and risky. This is where data governance plays a critical role. As FDO / CDO ,…
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Payment Controls
“We all obsess over growth, but what about the silent killer: fragile payment controls? I’ve seen multi-million dollar institutions blindsided because they missed a critical step. Don’t be next. Here are 10 battlefield-tested strategies to fortify your payment defenses – the same ones I use with leading banks and fintech. This isn’t just theory;…
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Goldman Sachs
I joined the Payment Transactions division at Goldman Sachs in Dallas office through Capgemini. 🙂
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Data Localization
What if a single policy decision could redraw the maps of global power, cybersecurity, and corporate espionage, without firing a single shot? It’s not a military treaty. It’s ‘Data Localization’. This principle demands critical data – from customer records to national secrets – stays *within* a nation’s borders. No free passes across global servers. Now,…
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May I know the status of my Payments
Ever wondered what actually happens after you hit ‘send’ on a high-value corporate payment? 💸 It’s not just instant magic. The journey of your money through a bank’s system is a meticulously designed gauntlet of checks, validated to the nanosecond. Here’s a simplified look at the 7 critical stages before your payment even leaves the…
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API Automation using Rest-Assured
A Rest-Assured + Java + Maven framework is the industry standard for enterprise-level API testing because it combines the power of Java’s object-oriented nature with a syntax that reads like a human sentence. 1. The Core Engine: Rest-Assured Rest-Assured uses a Domain Specific Language (DSL) based on the Given-When-Then (BDD) format. This makes…
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ACH
What is ACH = Automated Clearing House for an electronic network in the united states moves your money between bank accounts. This is payment system used to by banks and credit unions to process transfers process in batch mode it operated and monitored by : Natcha & Federal Reserve Bank. What about other countries :…
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Sell me this defect
Ever wondered why a quarter of software bugs linger for months, even critical ones? It’s often not about the code itself, but a breakdown in communication and process. I’ve seen countless times how: Bugs aren’t clearly explained to the team. Communication about urgency falls flat. They’re misprioritized against other tasks. The right people don’t even…