Businesses have witnessed an influx of fraudulent activity over the last few years. Merchants and e-commerce brands are feeling the pressure to provide customers with seamless and secure user experiences. Partnering with a vendor that uses the most up-to-date data Read More …
Tag: Enterprise risk management
How businesses can manage fraud and risk without compromising on customer experience
Update your enterprise risk management
The pandemic has exposed new business risks, and some are here to stay. In the past two years, the emergence of new or unseen risks has spurred both boards and operators to focus more time and attention on improving risk Read More …
Enterprises report rise in risk events, yet risk management lags
Enterprises around the world are being barraged by risk events, according to a report released Wednesday by Forrester. The State of Risk Management 2022 report, which is based on a survey of 360 enterprise risk management decision makers in North America and Read More …
Five Ways To Navigate Organizational Transformation
In undertaking any organizational transformation, the team tasked to conceptualize, strategize, synchronize and implement the change will find themselves having to deal with issues and challenges on many fronts. Having a well-formulated transformation agenda can help to frame the initial Read More …
Businesses troubled by huge confluence of risks
No US business leader, risk manager, insurance broker, or underwriter would have anticipated having to handle a global pandemic (lasting two+ years), a supply chain crisis, a severe talent shortage, a war in Ukraine (and the geopolitical fallout), economic inflation, Read More …
How MSMEs can set up Enterprise Risk Management framework to identify, assess, manage business uncertainties
Ease of Doing Business for MSMEs: The MSME (Micro, Small, and Medium Enterprise) sector forms the backbone of the Indian economy, providing employment to approximately 120 million people and accounting for 45 per cent of overall exports. With 20 per cent Read More …
The process of risk management
Enterprise risk management The Committee of Sponsoring Organisations of the Treadway Commission (COSO) defines enterprise risk management as, “a process, effected by an entity’s board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed Read More …
Risk management is the next frontier for AI adoption
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 …
How Enterprises Can Combine Decision Automation, Machine Learning And Process Automation For Better Business Results
Every day we hear about new ways automation is transforming businesses and customer-facing applications – for example, insurance claims processing or automated retail support services. It’s no surprise recent estimates forecast enterprise AI spending is expected to reach $500 billion by 2024. Read More …
Five Enterprise Data Predictions For 2022
While the turbulence from the Covid-19 pandemic continues to shape the global business ecosystem, one important trend remains unchanged: our steady march toward a data-first world. Today, companies need to put easy access to reliable and consistent data in the Read More …