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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. ” You can outsource the activity to the vendor but not the risk.

Banking 98
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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

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Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

article thumbnail

Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

article thumbnail

Four Hot Areas for AI in Financial Services

Pure Storage

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

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Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

CISA is a part of the Department of Homeland Security and has responsibilities that include risk assessment, vulnerability reduction, threat detection, incident response, and the coordination of recovery efforts with other federal agencies, state and local government, and the private sector. While the U.S. link] ²“ U.S.

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Is Your Community Prepared for Flooding?

CCEM Strategies

The risk of flooding tends to change based on the season as it can be caused by snow melt, sudden and aggressive rain storms, rain on snow events, or debris in waterways causing overtopping of banks or sudden redirection of the waterway. Who and what areas in your community are most vulnerable to flooding?