The Scope and Complexities of Risk Management in Financial Services

With increasing digitalisation, banks and financial service providers are exposed to an increasing spate of risks. Cybersecurity threats are steadily rising. Data privacy authorities are ramping up enforcement, and the scope of sector-specific regulations are widening.  

In the financial services industry, many of these risks are heightened, adding significant complexity to risk management and cybersecurity preparedness within financial institutions.

In this article by my colleague, Renato Fazzone discusses:

1. Digitalisation changes the way we handle money
2. New technologies, new players, new risks
3. Supporting bank risk management through legal requirements
4. Employees at the centre of banks’ risk management
5. Potential of digitalisation and automation of risk management in banks

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