Diligent, a GRC SaaS enterprise with headquarters in Sydney, Australia, has introduced Board Reporting for Enterprise Risk Management (ERM). The ERM dashboard, a new component of the Diligent One Platform, presents easily understandable risk reports replete with relevant and verifiable Read More …
Tag: risk management
Diligent launches ERM dashboard for improved risk management
How Gen AI is revolutionising risk management in financial services
In the era of Gen AI, risk management practices in the financial services industry need to be ready for significant evolution. According to Custodia Technology, the integration of AI technologies necessitates an audit of existing compliance frameworks to exploit their full Read More …
RBI updates guidance note on operational risk management, extends it to NBFCs
Synopsis The Reserve Bank of India (RBI) updated its “guidance note” on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated Read More …
Latest Trends in Enterprise Risk Management (ERM) for 2024
Integration with Digital Transformation As enterprises continue to evolve digitally, risk management is increasingly being integrated with digital transformation efforts. The adoption of technology-driven governance, risk, and compliance (GRC) solutions is becoming central to ERM strategies. This helps organizations to Read More …
Amazon partners with AXA to develop global risk management platform
Amazon Web Services (AWS) and AXA have collaborated to build a digital commercial platform (DCP) and associated software services. AXA DCP is a secure risk management platform that combines industry, business and environmental data with geospatial analytics and generative AI Read More …
Lloyds to cut jobs in risk management after finding it was a ‘blocker’ to transformation progress
Lloyds Banking Group is preparing to axe roles in its risk management division after finding that it was a “blocker” to the company’s transformation strategy. The group’s chief risk officer Stephen Shelley said in a memo last month that it was Read More …
How to integrate ESG risks into the enterprise’s overall Risk Management
Integrating sustainability into company core operations and strategy remains a challenge, and one way to overcome this is to infuse these issues into enterprise risk management workflows Convergence of sustainability frameworks and standards is driving global consistency in environmental, social Read More …
Risk Management challenges that our Banks face
In the year 2024, banks in Bangladesh are going to face a number of risks that they must address carefully. Risk is the variability of return—it can be both positive and negative. Risk management is concerned with reducing earnings volatility Read More …
Security and Risk Management spending in India to grow 12% in 2024: Gartner
With the increasing prevalence of remote work, organisations are reconsidering their methods for implementing endpoint security In 2024, cloud security spending in India is projected to record the highest growth. The adoption of cloud and multi-cloud presents security challenges, causing Read More …
Here’s What Can Go Wrong If Your AI Risk Management Isn’t Up To The Task
It’s no surprise that marketing is one of the first disciplines to embrace generative AI. In a recent State of Generative AI Survey by risk management platform Portal 26, 68% of respondents in the marketing, media and sales categories believed generative Read More …