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What really lies in the Future of Risk Management?

Risk Guide

By Horst Simon, The Risk Culture Builder. Maybe the time has come to finally take the people side out of Risk Management—let us change the Basle definition and say Operational Risk is just systems, processes and external events, that is anyway the perception that was followed by most in the world.

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You can make a difference and shape the future of Risk Management!

Risk Guide

Volumes have been written on the cause of the crisis the world is in, surveys have been done and many fingers are pointing in every direction—a couple of these are pointing straight at us, the Risk Professionals. It is time to renovate risk management. The basic Risk Management process cycle is one of those.

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Decelerate To Accelerate – A Best Fit Perspective For Third Party Risk Management?

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate John M. Lehr discusses how third-party risk management teams must enter into a safe third-party relationship and how to build and maintain trust, as well as how to adapt as the consumer wants and needs evolve rapidly.

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AI Regulations for Financial Services: OCC

Perficient Digital Transformation

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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OCC Comptroller Offers Regulatory Guidance Toward AI

Perficient Digital Transformation

In his speech, Hsu emphasized that the rapid adoption of technology during periods of change, without corresponding adjustment in controls, allows risks to grow undetected until they culminate in financial crises.

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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient Digital Transformation

He was promoted to President and CEO in 2008. Many of Perficient’s clients are now proactively utilizing a Risk and Control Self-Assessment (RCSA) approach to ensure their firms utilize an ounce of prevention to avoid a pound of regulatory cure, and avoid becoming headlines in the Wall Street Journal.

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Competition, Consolidation, And Co-opetition In Banking

Zinnov

During the 2008 financial crash, the global economy lost close to USD 1 Tn from debt. Collaborations between hyperscalers demonstrate the Banking industry’s need to explore pricing optimization, fraud detection, and risk management together with technology players.

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