On their journey to a profitable, sustainable business model, financial institutions have a valuable resource: risk.
Risk means challenges, including disruptive new technologies, a changing competitive field and ongoing regulatory revisions. The flip side to every one of these challenges is opportunity. And opportunity is the value inherent in risk.
To effectively manage risk, and seize the opportunity within every challenge, institutions must manage a variety of business dimensions.
They must focus on maximizing digital capabilities, building ongoing expertise, driving fluid collaboration, developing top-notch analytics and fostering a risk culture that can withstand disruptive change.