This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
No doubt, 2021 will be the year of uncertainty and change. As it turns out, uncertainty and change are the two primary aspects of strategic, operational and technology risk fueling the current demand for integrated riskmanagement (IRM). These uncertainties can make or break a business.
Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of riskmanagement automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .
Risk Mitigation: Forecasting helps businesses identify and mitigate financial risks associated with cash flow volatility, market fluctuations, and economic uncertainties. By having a clear understanding of their future cash position, businesses can implement riskmanagement strategies to protect against potential adverse events.
We launched the proof-of-value pilot in November 2023 and rolled it out to all team members by February 2024. It was very quick, and we have learned a lot. We are taking a more conservative approach of leveraging generative AI for member-facing applications, but we are making progress.”
We organize all of the trending information in your field so you don't have to. Join 42,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content