Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
This paper details experiences gained while developing a novel technology-driven approach to risk assessment methodologies such as process hazard analysis, hazard identification, and hazard operability in oil and gas. From a technology perspective, the advent of AI has often Read More …
The rapid adoption of artificial intelligence stresses the importance of risk and security management. “Without guardrails, AI models can rapidly generate compounding negative effects that spin out of control, overshadowing any positive performance and societal gains that AI enables”, market Read More …
The prospect of artificial intelligence has long been visible at the edges of the cultural horizon. For decades, the promises and pitfalls of AI have been entertained in sci-fi films and literature, serving as captivating thought experiments for how a digital intelligence Read More …
The latest regulatory developments in AI will help define AI compliance’s future. In this article, let’s explore the importance of Artificial Intelligence governance. Since the launch of OpenAI’s ChatGPT, millions of users globally have interacted with it. There is a Read More …
The banking industry has always been at the forefront of adopting new technology. Driven by the need to stay competitive and meet evolving demands, banks have transformed with cutting-edge technologies — especially artificial intelligence (AI) — that enhance customer experience, Read More …
If you’re running a financial services firm, and you want to promote digital transformation, you need to decide what exactly needs to be transformed. “In all honesty, what areas aren’t there?” says Teddy Flo, general counsel at Zest AI. “The financial Read More …
Artificial intelligence and machine learning is beginning to blur the boundary between risk management and fraud, but data availability remains a hurdle, says risk provider Provenir’s latest AI survey. AI investments in finance continue to gather steam in 2022, as more Read More …
In corporate banking, risk management strives to limit the risk exposure and asset losses for a financial institution. It can be extremely complicated, and it requires sophisticated data analytics that is increasingly real time. Its scope is very wide, and Read More …
Cybercrime and cybersecurity landscapes are changing rapidly and boosting AI developments for enhancing cybersecurity will be a major gamechanger to protect against cyber-attacks. The rapid digitalisation accelerated due to the pandemic has brought numerous benefits like improved business agility and Read More …
AI security risk assessment framework “AI poses new trust, risk and security management requirements that conventional controls do not address.”1 To address this gap, we did not want to invent a new process. We acknowledge that security professionals are already overwhelmed. Read More …