Risk management advisors are playing an increasingly important role in helping organisations establish and manage captive insurance structures that provide greater control over risk financing, improve resilience and support strategic risk management objectives. The evolving role of captive advisors goes Read More …
Tag: risk management
Risk Management Advisors: Driving Innovation and Impact in Captive Management
FinRegE Urges Banks to Fix Data Quality Before Investing Further in RegTech
Financial institutions should prioritise improving data quality and data governance before investing heavily in additional regulatory technology (RegTech) solutions, according to industry experts. The recommendation highlights a growing challenge in financial services: advanced compliance technologies can only deliver effective outcomes Read More …
Why Risk Management Is an Essential Business Skill for Every Professional
Risk management has become an essential capability for professionals across industries as organisations face increasing uncertainty from economic changes, technology disruption, regulatory developments and operational challenges. Traditionally viewed as a specialised function handled by risk teams, risk management is now Read More …
Nigeria Insurers Association Targets Stronger Governance and Risk Management
The Nigeria Insurers Association (NIA) is focusing on strengthening governance standards and risk management practices within the insurance industry to improve resilience, transparency and confidence among stakeholders. The initiative highlights the growing importance of effective governance frameworks as insurers operate Read More …
Supply Chain Risk Rising Faster Than Organisational Readiness: Study
Organisations worldwide are facing a widening gap between growing supply chain risks and their ability to anticipate and respond effectively, according to a new study from Avetta. The findings indicate that fragmented risk systems, limited real-time visibility and reactive processes Read More …
European Banks Step Up Risk, Compliance and AI Investment
European banks are increasing investment in risk management, compliance and artificial intelligence as competitive pressure from fintechs and non-bank lenders intensifies, according to new research from Moody’s. The study found that 61% of European banks regard growing competition from new Read More …
K2 GRC Launches FAIR-Based Cyber Risk Service
K2 GRC has launched a new FAIR-based Risk Service designed to help organisations quantify cyber risk in financial terms and strengthen business decision-making. Built on the Open FAIR methodology, the new service extends K2 GRC’s integrated governance, risk, compliance, training Read More …
Kenyan Banks Turn to AI to Tackle Bad Loans
Kenyan banks are increasingly deploying artificial intelligence and alternative data in credit risk management as the sector confronts elevated levels of non-performing loans and seeks more accurate ways to assess borrowers. According to the Kenya Bankers Association, lenders are integrating Read More …
FDIC Plans Standards Body for Bank-Fintech Partners
The Federal Deposit Insurance Corporation (FDIC) is working with banking and fintech industry groups to create an independent standard-setting organisation aimed at improving how banks assess fintech companies and other third-party service providers. Under a draft term sheet dated July Read More …
Absa Modernises Credit Risk with AI and AWS
Absa Bank has modernised its credit risk management operations by deploying SAS Viya on Amazon Web Services (AWS), significantly accelerating regulatory reporting, model deployment and credit risk monitoring across its retail banking business. The new platform has reduced credit risk Read More …