Growth of outsourcing makes geopolitical risk more threatening

Banks are increasingly turning to third parties to carry out essential everyday banking activities. But, with geopolitical events unfolding around the world at a steady pace, financial institutions may find themselves exposed to a variety of risks when dealing with a supplier in an affected jurisdiction. Jessica Meek investigates

Ed Ho, president and chief operating officer, Fundtech

Geopolitical risks have made headline news over the last few months. Russian-backed separatists continue to battle the Ukrainian military in eastern Ukraine. Fighting goes on between the Iraqi and Syrian governments and the extremists of the Islamic State movement. And, at the time of going to press, Israel and Hamas are just about managing to maintain a fragile, temporary truce. That's not to mention the kidnappings in Nigeria or the Ebola crisis sweeping across Liberia, Sierra Leone and Guinea