A strategic vision for model risk management
McKinsey & Company
MARCH 31, 2021
The expanding scope of models and the increased use of models based on advanced analytics have amplified the strategic importance of model risk management.
Risk Management Data Strategy – Insights from an Inquisitive Overseer
Perficient Digital Transformation
AUGUST 19, 2024
Though this seems to be at a stage where some more push is required in terms of adoption in the risk management function. Traditional risk managers, by their job definition, are highly cautious of the result sets provided by the analytics teams.
Risk Management 
109
109 Join 19,000+
professionals
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Booting out bias: How to derisk advanced analytics models in the public sector
McKinsey & Company
JULY 8, 2021
Advanced analytics can transform public-sector services, but US agencies are wary of the risk of biased outcomes. Sound risk management is the key to a wider adoption that will benefit all citizens.
Analytics 115
115 
The synergy between UEM and medical device risk management
IBM Services
OCTOBER 9, 2023
Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.
Using analytics to address inflation risks and strengthen competitive positioning
McKinsey & Company
AUGUST 18, 2022
In the new inflationary environment, company leaders can protect their business and gain competitive advantage by deploying analytics-aided strategies.
Analytics 119
119 
The Future of Data Analytics
The Hackett Group
DECEMBER 10, 2021
Industrialized Data & Analytics. Some have even spun off data and analytics as a business services function, headed by a chief data officer. They are also making major investments in developing and hiring staff with data science and analytics skills to extract and apply all potential value. Reap the Rewards.
Analytics 98
98 
Mitigating Supplier Risks: The Power of Advanced Tools and Technologies | Webinar
Everest Group
AUGUST 13, 2024
The increasing complexity of global supply chains and the need for greater transparency and compliance have now made it essential for organizations to adopt advanced supplier risk management tools to mitigate threats. What are the current trends and challenges in supplier risk management? Who should attend?
Risk Management 130
130 
Borderless Outsourcing: Accelerating Digital Transformation
Premier BPO
AUGUST 2, 2024
Borderless Outsourcing Helping Access Global Talent Pool It is challenging to onboard specialized resources for digital transformation projects in artificial intelligence, machine learning, data analytics, and cybersecurity. All this paves the way for businesses to stay ahead of the competition in their digital transformation efforts.
Outsourcing 244
244 
Contracts Hold the Key to Proactive Risk Management
SirionLabs
AUGUST 22, 2022
But are organizations truly well positioned to preempt and mitigate potential contracts risks before they negatively impact the bottom line? The Disconnect Between Contracting and Risk Management Surprisingly, knowledge of contract risk is limited among enterprises. We’d love to hear from you!
Contracts Hold the Key to Proactive Risk Management
SirionLabs
AUGUST 22, 2022
But are organizations truly well positioned to preempt and mitigate potential contracts risks before they negatively impact the bottom line? The Disconnect Between Contracting and Risk Management. Surprisingly, knowledge of contract risk is limited among enterprises. Rooting Risk Management in Smarter Contract Management.
The Role of Insurance Intermediaries in the Digital Age: Challenges, Opportunities, and the Future | Blog
Everest Group
MAY 24, 2023
Insurance intermediaries have an exciting future ahead if they can successfully adopt Artificial Intelligence (AI), mobile apps, big data, and analytics to better understand their customers and provide personalized products. Insurance plans must be customized to address clients’ unique needs and risk profiles. Read on to learn more.
Insurance 130
130 
What is Third Park Risk Management? Definition
Obobo
DECEMBER 13, 2022
What is Third Park Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. By identifying risks early on, you can take steps to avoid them or mitigate their impact. Definition.
Data and analytics innovations to address emerging challenges in credit portfolio management
McKinsey & Company
DECEMBER 23, 2022
Results from a new survey by McKinsey and IACPM reveal challenges and opportunities in new data techniques for credit portfolio management.
Analytics 122
122 
Hire a Dedicated Software Development Team for Accelerated Success
Groove Technology
FEBRUARY 4, 2025
Database Management Our database solutions include MySQL for structured, relational data and MongoDB for flexible NoSQL models. MySQL ensures reliable performance for web applications, while MongoDB handles large-scale, real-time data scenarios with dynamic analytics capabilities.
Software 130
130 
Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management
Sourcing Advisors Group
OCTOBER 27, 2020
The current direction only exacerbates the challenge faced by most Procurement teams, including the challenge to reduce vendor costs, increase efficiency, improve vendor risk management, and reduce operational busy work to improve employee retention & morale. Shortcuts Do Not Work.
Insurance Technology Market Trends: Reflecting on the Recent Guidewire Kufri Release | Blog
Everest Group
AUGUST 9, 2024
Emphasizing streamlined processes, advanced data analytics, and expanded global solutions, Kufri is set to enhance the competitive edge of insurers worldwide. This release emphasizes process efficiency, accelerated time to market, and enhanced data analytics capabilities, all while expanding Guidewire’s reach beyond North America.
Insurance 162
162 
How to build a risk management strategy
Microsourcing
AUGUST 15, 2022
With one eye on the direction of the global economy, the survey drilled down for insights into a few of the hottest talking points in boardrooms including growth, artificial intelligence, data and analytics.
Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2023
Everest Group
OCTOBER 19, 2023
At the same time, there is a growing focus on non-traditional F&A areas, including risk management, compliance, sustainability, and data & analytics. This change underlines how corporations are realizing the strategic value of F&A.
Finance 162
162 
What is Third Party Risk Management? Definition
Obobo
DECEMBER 13, 2022
What is Third Party Risk Management? First, let’s start with understanding what risk management is. Risk management is the process of identifying, assessing, and controlling risks. Now that we have a general understanding of risk management, let’s talk about third party risk management (TPRM).
Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog
Everest Group
MARCH 17, 2023
Various value chain elements performed by MGAs include marketing, sales, distribution, underwriting, policy issuance, claims handling, policy review, customer services, risk management, policyholder communication, and renewal management.
Insurance 130
130 
ISO 20022: Are your payment systems ready?
IBM Services
APRIL 18, 2023
ISO 20022 drives improved analytics and new revenue opportunities ISO 20022 enables more sophisticated payment analytics by providing a richer data set for analysis. Improved Analytics: financial institutions can access more detailed information about each transaction, enabling more sophisticated payment analytics.
Banking 114
114 
AI-Enabled Contract Life-Cycle Management Software Drives Significant Performance Improvements Over Traditional Methods
The Hackett Group
SEPTEMBER 10, 2024
Optimizing and aligning CLM with processes like sourcing and risk management is critical to the successful operation of businesses of all sizes. Selecting the right CLM partner can unlock substantial benefits – from reduced cycle times to improved risk management – ultimately strengthening their competitive position.”
Software 116
116 
Procurement Outsourcing (PO) – Service Provider Landscape with Services PEAK Matrix® Assessment 2022
Everest Group
SEPTEMBER 14, 2022
Providers are helping companies transform their procurement operations and drive the adoption of advanced digital technologies, such as advanced analytics and intelligent automation, by leveraging in-house capabilities, partnership ecosystems, and targeted investments.
Outsourcing 130
130 
Practice Director – BPS Pricing
Everest Group
SEPTEMBER 18, 2024
Job overview This role is part of the Commercial and Solution Analytics (CSA) practice, which assists buyers and service providers make informed decisions with regard to costs, pricing or solutioning of outsourcing / professional services arrangements. tax managed services, third party risk management etc. –
Right-Sizing 100
100 
How Secure Is The Data In Microsoft 365?
31 West
JUNE 5, 2023
The service covers a wide range of products and enables in-depth investigation, visibility, and analytics to better assess and mitigate the risk of security threats. The machine-learning capabilities with AI-powered security tools give detailed risk-management insights, allowing businesses to prevent insider threats.
Risk Management 130
130 
The Battle Unfolds: MGAs as the Next Frontier for InsurTechs, Services, and Technology Providers
Everest Group
NOVEMBER 28, 2023
Automation, digital platforms, and data and analytics are the most prominent areas that have garnered considerable investment attention during this transformation era. Data and analytics play a pivotal role in delivering insights that can potentially unlock boundless possibilities in MGA’s operations.
Insurance 147
147 
Navigating the Evolving Private Equity Landscape: Driving Value from Technology and Collaborative Ecosystems | Blog
Everest Group
AUGUST 14, 2024
Data analytics, artificial intelligence (AI), and machine learning are enhancing deal sourcing, portfolio management, and risk assessment. These tools can enable PE firms to perform predictive risk assessments and scenario modeling, offering a detailed understanding of potential investments and market conditions.
Collaborations 162
162 
The fight against money laundering: Machine learning is a game changer
McKinsey & Company
OCTOBER 7, 2022
To realize the full benefits of machine learning and advanced analytics in anti–money laundering, institutions need AML experts, strong data science talent, and reliable data sources in the fight against this type of financial crime.
Analytics 145
145 
Unleashing the Power of Generative AI in Procurement | Blog
Everest Group
AUGUST 25, 2023
Our survey of procurement professionals found the technology holds great potential to transform spend analytics and cost optimization while increasing efficiency and saving time. The survey revealed that the majority of respondents believe that GAI will have the greatest impact on spend analytics and cost optimization.
Analytics 130
130 
Why organizations need to adopt an Integrated Third-Party Governance and Risk Management approach?
SIG Speaks
APRIL 4, 2023
SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Jai Chinnakonda shares why every organization should adopt integrated third-party risk governance and management into their team structure. A report from Deloitte titled 'Third-party governance and risk management.
Databricks vs Snowflake: A Rivalry to Last or Lunch for Cloud Vendors? | Blog
Everest Group
NOVEMBER 18, 2021
In the latest tech industry rivalry, the competition between Databricks and Snowflake in the cloud data and analytics space is getting a lot of attention. It can broadly be considered a data and analytics platform that helps enterprises extract value from their data. What do Databricks and Snowflake do? Where are the firms today?
Analytics 130
130 
Agentic Artificial Intelligence (AI): The Next Growth Frontier – Can It Drive Business Success for Banking & Financial Services (BFS) Enterprises? | Blog
Everest Group
OCTOBER 4, 2024
Beyond trading, agentic AI could enhance risk management by autonomously identifying potential market disruptions or regulatory changes and adjusting exposure accordingly. These AI agents can analyze market trends, make rapid trading decisions, and adapt investment strategies in real time based on economic data and news events.
Banking 130
130 
AI Regulations for Financial Services: OCC
Perficient Digital Transformation
OCTOBER 24, 2024
OCC In December 2023, the Office of the Comptroller of the Currency (OCC) classified AI as an emerging risk to the banking industry in an industry report they produced. The supervision risk management principles, outlined in the OCC issuances, provide a solid framework for banks implementing AI to operate safely, soundly, and fairly.
Regulations 52
52 
SVB Aftermath: How Will the Bank Failures Impact the Technology Services Industry? | Blog
Everest Group
MARCH 16, 2023
Banks’ risk management functions also will be scrutinized again. For example, only one of the seven members of SVB’s Risk Committee had risk management experience. Declining customers and subsequent deposits will also affect other banking portfolios, and digital and technology transformation spend may take a hit.
Banking 130
130 
Unlocking Financial Excellence: The Comprehensive Guide to SaaS CFOs
inDinero
SEPTEMBER 26, 2023
The Evolution of the CFO Role in SaaS Historically, CFOs were primarily responsible for financial reporting and risk management. Risk Management : A SaaS CFO must be well-versed in risk management and compliance. Furthermore, technologies like AI can help automate mundane tasks and reduce operational costs.
Finance 98
98 
Driving Sustainable Change: A Look into the Insurance Industry’s Commitment to Sustainability | Blog
Everest Group
JULY 7, 2023
By integrating ESG considerations into their risk management, product design, internal operations, long-term strategies, and workforce management, many insurance firms have already started their journey toward becoming purpose-driven organizations and have begun to integrate sustainability with their core businesses.
Insurance 130
130 
AI Tools List For CIOs and CTOs In 2024
Amzur
SEPTEMBER 10, 2024
Natural language processing, predictive analytics, data integration. Cloud Optimization and Management CloudHealth by VMware. Cost management, performance monitoring, automation. AI-driven CRM, predictive analytics, personalized recommendations. Also, consider if the tool supports real-time analytics and predictions.
The Capital One Merger with Discover Potentially Signals a Shift in the US Banking Landscape | Blog
Everest Group
FEBRUARY 26, 2024
By joining forces, these banks will be better positioned to develop new competencies in data management, AI/ML, open application programming interfaces (APIs), and advanced analytics, aligning with the growing digitalization of banking services. We are closely watching the market and regulatory actions.
Banking 147
147 
Big Data (Brother) is Watching.and Listening Too.
Sarah Holliman
DECEMBER 13, 2017
The information being collected from Big Data initiatives is powerful and can provide predictive analytics and insightful information. Kearney Procurement & Analytic Solutions unit. I shudder to think of what ads we may see based on some people’s conversations. What is ethical? What do you think? She also spent five years at A.T.
Unleashing the Power of Payroll Data Analytics:
Mercans
MAY 18, 2023
How Payroll Companies Should Leverage It Introduction In the era of data-driven decision-making, businesses across all industries are recognizing the immense value of analytics. Payroll data analytics, in particular, offers a wealth of insights that can revolutionize the way payroll companies operate.
Payroll 40
40 
Generative AI Heralds a New Era in Cybersecurity | Blog
Everest Group
MAY 26, 2023
The vast use cases of AI/ML in cybersecurity include proactive threat detection, prevention, intelligence, user and entity behavior analytics (UEBA), anomaly detection, vulnerability management, automated incident investigation and response, and more. With the release of ChatGPT (GPT-3.5/GPT-4),
Cybersecurity 130
130 
5 Trends to Look Out for in the Banking Business
Redial
JULY 13, 2023
Data Analytics and Artificial Intelligence (AI): Data has become a valuable asset for banks, and harnessing its power through analytics and AI has the potential to be key into gaining a competitive edge. Cybersecurity and Fraud Prevention: As digital transactions increase, so does the risk of cyber threats and financial fraud.
Banking 100
100 
What Are The Various Modules In ServiceNow?
31 West
DECEMBER 1, 2022
ServiceNow ITBM (Information Technology Business Management) module is a set of tools that give the IT teams a clear view of their projects, investments, and finances. The data analytics reports allow you to cut costs, improve operational efficiency, and align your IT operations with organizational goals. ServiceNow IRM Module.
Finance 130
130 
4 smart technologies modernizing sourcing strategy
IBM Services
FEBRUARY 28, 2024
Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.
Sourcing 102
102 
Let's personalize your content