NIST AI Risk Management Framework 1.0 — What It Means For Enterprises
Forrester Digital Transformation
FEBRUARY 7, 2023
Forrester provides guidance on how to succeed with AI governance with the NIST’s AI RMF 1.0.
Government Management Risk Management 
Unlocking the Value of Third-party Risk Management | Blog
Everest Group
JULY 23, 2024
Organizations are increasingly relying on third parties for various functions to cut costs and leverage external expertise, which can introduce significant security risks. Read on, or get in touch if you have specific queries on this topic.
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Building a Resilient Supplier Cyber Risk Management Strategy
Everest Group
APRIL 28, 2022
Sharing sensitive data with outsourcing providers in today’s interconnected digital world has increased organizations’ vulnerability to cyberattacks, making it more important than ever to have an effective supplier cyber risk management strategy. Not having a formal supplier cyber risk management strategy can cause compliance issues.
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Risk Management Data Strategy – Insights from an Inquisitive Overseer
Perficient Digital Transformation
AUGUST 19, 2024
We are witnessing a sea-change in the way data is managed by banks and financial institutions all over the world. Though this seems to be at a stage where some more push is required in terms of adoption in the risk management function. The ever-changing nature of financial risk management (“What did they change now?”)
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Setting The Record Straight On The Third-Party Risk Management Market
Forrester Digital Transformation
FEBRUARY 7, 2022
Third-party risk management (TPRM) is high on the list of business priorities and risk management priorities, and that’s a good thing.
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Red Flags On Export Controls and Economic Sanctions
The Global Small Business Blog
MARCH 26, 2024
©iStock/Suphanat Khumsap Export controls and economics sanction compliance is a key part of any multinational’s international regulatory risk management.
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Risk Managers Getting Coffee: Episode 1
Risk Guide
MARCH 23, 2021
In this series of Risk Managers Getting Coffee, we’ll be meeting with seven Risk Managers to gain insight into their risk experiences, areas of expertise and to learn more about risk management in the country they work in. Gregory is pro soft skills and breadth in risk management.
The Rise of Cloud Marketplaces as a Procurement Channel for Software, SAAS, and Services Solutions | Blog
Everest Group
DECEMBER 18, 2024
These platforms are revolutionizing IT procurement by providing a seamless way for organizations to discover, purchase, deploy, and manage software, Software as a Service (SaaS) solution, and related services. They also provide tools to track and manage these purchases, offering complete visibility into spending.
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4 steps to improving your ESG risk management to increase financial performance
IBM Services
APRIL 25, 2023
Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Focusing on ESG Risk Management can help your organization become more profitable, and your organization can start on this journey today. Conduct ESG assessments.
Decoding the EU AI Act: What it Means for Financial Services Firms | Blog
Everest Group
MAY 24, 2024
First, they should develop a comprehensive compliance framework to manage AI risks, ensure adherence to the Act, and implement risk mitigation strategies. Next, they need to take inventory of existing AI assets like models, tools, and systems, classifying each into the four risk categories outlined by the Act.
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The Future of Supplier Management: How Technology Can Be Your Competitive Advantage | Webinar
Everest Group
JUNE 1, 2023
LIVE WEBINAR The Future of Supplier Management: How Technology Can Be Your Competitive Advantage June 1, 2023 | 9 a.m. IST Traditionally, most organizations have managed their suppliers through spreadsheets and outdated processes. Which activities can be impacted by technology under supplier lifecycle management? CDT | 10 a.m.
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What makes a great Risk Manager?
Risk Guide
SEPTEMBER 7, 2022
Views from Risk Professionals across the world. During the recording of “Risk Managers Getting Coffee” which can be found on YouTube HERE as well as on our website here , a few discussions came up with a recurring theme. One was the question of what makes a great risk manager. Are there examples?
What really lies in the Future of Risk Management?
Risk Guide
NOVEMBER 15, 2020
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.
The Singapore Outsourcing Register: Obstacles and Suggestions to Meet this Regulatory Requirement from a Risk Management Perspective
SIG Speaks
MAY 4, 2023
SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate William Chanto Castro shares the tricks to overcoming the obstacles to meeting risk regulations and requirements. MAS, 2016, p.9).
A New Wave Of Governance: Automation Within The Public Sector
Zinnov
JANUARY 31, 2023
In essence, considering the immense records and public assets maintained by various government agencies, digitization, specifically Intelligent Automation within Robotic Process Automation (RPA) has become the core enabler for advanced accuracy and transparency in the public sector service delivery and performance.
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How to use foundation models and trusted governance to manage AI workflow risk
IBM Services
OCTOBER 16, 2023
This is where AI governance comes into play: addressing these potential and inevitable problems of adoption. AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities. It can be used with both on-premise and multi-cloud environments.
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Becoming a Customer of Choice: How to Boost Your Supplier Relationships | Webinar
Everest Group
SEPTEMBER 20, 2022
Traditionally, the purpose of supplier management was to ensure outsourcing outcomes matched the intent of the contract. Now, as companies seek to drive value from their strategic supplier relationships, a broader range of activities are involved in supplier relationship management (SRM), including risk, performance, and governance.
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What Services Are In Managed Services?
31 West
SEPTEMBER 14, 2022
Tasks handled by a third party are referred to as “managed IT services,” typically in the context of business information technology services. A managed service provider (MSP) is a business that offers the above-mentioned services. A managed service provider (MSP) is a business that offers the above-mentioned services.
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Contracts Hold the Key to Proactive Risk Management
SirionLabs
AUGUST 22, 2022
The Disconnect Between Contracting and Risk Management Surprisingly, knowledge of contract risk is limited among enterprises. This can be attributed to the fact that companies have largely relied on manual processes or point solutions and siloed risk management processes in their effort to mitigate risk.
Contracts Hold the Key to Proactive Risk Management
SirionLabs
AUGUST 22, 2022
The Disconnect Between Contracting and Risk Management. Surprisingly, knowledge of contract risk is limited among enterprises. This can be attributed to the fact that companies have largely relied on manual processes or point solutions and siloed risk management processes in their effort to mitigate risk.
Future-proofing Insurance: Embracing Sustainability in Insurance for a Resilient Future | Blog
Everest Group
JULY 17, 2024
Sustainability in insurance transcends traditional practices, weaving Environmental, Social, and Governance (ESG) elements into the core of day-to-day operations, thereby safeguarding the future of stakeholders and the planet.
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Preparing for the EU AI Act: Getting governance right
IBM Services
FEBRUARY 8, 2024
” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.
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A look into IBM’s AI ethics governance framework
IBM Services
DECEMBER 4, 2023
Yet while 79% of executives say AI ethics is important to their enterprise-wide AI approach , less than 25% have operationalized ethics governance principles. Looking forward Using the framework described above, IBM advances ethical AI governance through its product offerings. and/or its affiliates in the U.S.
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You can make a difference and shape the future of Risk Management!
Risk Guide
FEBRUARY 7, 2022
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.
The US Government Is Here And Really Wants To Help Protect You From Ransomware
Forrester Digital Transformation
MARCH 27, 2023
This is the CISA’s ransomware-centric take on external attack surface management for critical infrastructure. The RVWP pilot […]
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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.
5 Ways to Streamline Nonprofit Financial Management
inDinero
SEPTEMBER 21, 2024
Streamlining Nonprofit Financial Management To streamline financial management for your nonprofit, start by standardizing financial policies to guarantee consistency and transparency. This uniformity guarantees that all financial management processes are coherent and reliable, which is essential for maintaining financial stability.
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Risk Managers Getting Coffee: Episode 5 – Part 1 – (From Canada to Qatar and what its like working in Qatar )
Risk Guide
APRIL 25, 2022
This Episode of Risk Managers Getting Coffee was filmed in Qatar with Aarn Wennekers speaking about his career from Oil and Gas in Canada to getting an education in a field that interested him before moving to Qatar and progressing from Audit to Governance and Risk Management.
The journey to a mature asset management system
IBM Services
APRIL 19, 2024
This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies.
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IT Service Management (ITSM) in Education: Enhancing IT Support For Students And Faculty
31 West
NOVEMBER 25, 2023
In the rapidly evolving digital landscape of the 21st century, Information Technology Service Management (ITSM) has emerged as a critical component in various sectors, especially in education. This blog post delves into the significance of ITSM in enhancing IT support for students and faculty in educational institutions.
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Enterprise Risk Pros Pivot From Compliance To Driving Faster, Better Decisions
Forrester Digital Transformation
FEBRUARY 3, 2022
The average firm’s list of business and risk management priorities looks very different today than it did two years ago. For starters, according to Forrester data, 43% of enterprise risk management (ERM) decision-makers report having experienced three or more discrete critical risk events over the past 12 months.
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Enterprise Generative AI Adoption: Risk Evaluation for Competitive Advantage | Blog
Everest Group
OCTOBER 31, 2023
By assessing current risk levels and implementing practices, tools, and systems to manage these challenges, enterprises can realize the most value from this transformative technology. Learn more about evaluating generative AI risk to gain an edge in this blog.
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Beyond the Hype: Approaching Gen AI in BFSI Enterprises with the Generative AI-EXCEL Framework | Blog
Everest Group
MARCH 19, 2024
Adequate resources are crucial to ensure scalability, allowing Gen AI systems to manage increasing workloads efficiently. Champion AI Operations : A robust change management strategy is essential for navigating a smooth transition. Vigilant model monitoring and drift analysis are some ways to achieve this.
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How financial institutions can improve their governance of gen AI
McKinsey & Company
MARCH 27, 2025
A comprehensive scorecard can help companies redesign their risk governance frameworks and practices for gen AI and harness the power of this transformative technology.
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Unlocking the Power of ServiceNow GRC: Top Use Cases
V-Soft Consulting
JANUARY 17, 2024
GRC (Governance, Risk, and Compliance), is an operational strategy dedicated to handling an organization's governance, risk management, and compliance in alignment with industry and government regulations.
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Will Ukraine’s Invasion Have a Domino Effect on Other Geopolitical Equations? | Blog
Everest Group
MARCH 31, 2022
The Russian military action in Ukraine has already significantly impacted thousands of services jobs in this region, but the potential reverberations to nearshore European countries and the larger global services industry could be far more damaging – making it essential to integrate geopolitical risk management in your decision-making now.
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Business Benefits and Adoption of ServiceNow GRC
Perficient Digital Transformation
OCTOBER 12, 2022
GRC is an acronym for Governance, Risk, and Compliance. Per ServiceNow’s definitions, Governance : The frameworks of an organization’s activities and whether they are aligned with business objectives. Activities include processes, structures, and policies that are meant to manage and monitor company activities.
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A smarter way to think about public–private partnerships
McKinsey & Company
SEPTEMBER 10, 2021
For governments pursuing public–private partnerships for large infrastructure projects, capitalizing on the risk-management capabilities of the private sector could be a more efficient and effective approach.
Updating A Third-Party Risk Management Program
SIG Speaks
MAY 11, 2023
SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Nathan Coffet discusses the process of updating a Third-Party Risk Management program and the benefits it can have. The Third-Party controls must be overseen rather than directly managed.
IAOP GOV20: Rethinking Governance
Neo Group
SEPTEMBER 24, 2020
It’s a big year for governance. COVID-19 has influenced thinking and spurred action among governance leaders. In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. We are a proud sponsor. No industry is immune to it.
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Top Reasons Why You Should Consider India For Your IT Outsourcing
Groove Technology
MAY 7, 2024
This experience translates into better risk management, compliance, and understanding of global market nuances for their clients. For instance, a report by NASSCOM highlights that Indian IT firms are not only adept at navigating complex project requirements but also excel in compliance and risk management.
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Navigating the Evolving Private Equity Landscape: Driving Value from Technology and Collaborative Ecosystems | Blog
Everest Group
AUGUST 14, 2024
Current macroeconomic conditions, an evolving regulatory landscape, advancements in technology, and a focus on diversification and Environmental, Social and Governance (ESG) are some of the major factors influencing the private equity industry. This approach can lead to cost savings, open new revenue streams, and enhance customer retention.
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An Introduction: Generative AI Use Cases for the Financial Services Industry
Perficient Digital Transformation
AUGUST 3, 2023
Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands.
Creating a more resilient and responsive government
McKinsey & Company
MARCH 16, 2021
The pandemic has put demands on the public sector that are likely to increase.
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