Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Introduction Fraud risk management is a crucial aspect of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks related to fraudulent activities. Effective fraud risk management helps protect a company’s assets, reputation, and ensures regulatory Read More …
Introduction Third-party risk management (TPRM) is an essential component of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks associated with the use of third-party vendors and service providers. These risks can range from data Read More …
Introduction Operational risk management (ORM) is a critical aspect of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks arising from inadequate or failed internal processes, people, systems, or external events. The importance of ORM Read More …
The World Health Organization (WHO) has released two draft appendices to a recent draft guideline on good manufacturing practices (GMPs) for excipients. The first document recommends manufacturers develop risk management plans for controlling and preventing contamination of high-risk excipients. A Read More …
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 …
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 …
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 …
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 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 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 …