The world of information technology is evolving rapidly. Enterprise applications must deliver services that meet the needs of the global business environment, ensure that users’ data remains private, protect the integrity of enterprise data, and ensure that business transactions are accurate and processed quickly. Enterprises today need to extend their reach, reduce their costs, and lower the…
In general, document capture refers to the process of scanning paper documents using scanners or cameras, and transforming these documents into an electronic file such as a PDF, TIFF, and so on. Through a type of document capture software, these electronic files are assessed through character or pattern recognition (that is, OCR, ICR, and OMR) and converted into meaningful data or information, …
Risk is a quantitative evaluation of the potential damage caused by an attack, a vulnerability, or an event impacting the set of company IT assets. A vulnerability (or weakness) is a lack of a safeguard, which may be exploited by a threat, causing harm to the information systems; specifically it can be a software flaw that permits an exogenous agent to use a computer system without authorizat…
This paper reviews a number of recent surveys relevant to risk management by UK insurers. These include the results of four surveys specifically on UK insurers. Our findings suggest that the risk management practices of UK insurers are variable, generally behind best practices in adjacent sectors, and in some cases are a cause of concern. However, we also find that they have been improving sign…
The class of Lévy processes consists of all stochastic processes with stationary and independent increments; here ‘stationarity’ means that increments corresponding to a fixed time interval are identically distributed, whereas ‘independence’ refers to the property that increments corresponding to non-overlapping time intervals behave statistically independently. As such, Lévy proces…
The Micro, Small and Medium-sized Enterprises (MSME) strategy focuses on the core elements of the Bank’s approach towards supporting the development of MSMEs in its countries of operation. Support for MSMEs is central to the Bank’s transition mandate, and the document sets out the underlying principles of EBRD’s activities in the sector going forward. The strategy further aims to out…