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From Reactive to Proactive: Challenges, Trends, and Perspectives from Top Financial Services Firms

Fusion Risk Management

In Fusion’s latest roundtable, executives from top financial services firms came together to discuss and share their experiences on their resilience journey. 3) Merging taxonomies and finding common ground on continuity and risk processes. What’s keeping them up at night? How are they tackling common challenges?

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Strong Incident Response is Business-Critical

FS-ISAC

The rapid digitization of financial services in the last few years – both in products and operations – has led to an exponential rise in the number of incidents firms are dealing with – be they internal software bugs, third-party vendor vulnerabilities, or cyber attacks. Following the North Star.

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Top Takeaways from the BCI’s Operational Resilience Report 2022

Castellan

My Reaction: No matter how you define operational resilience and what you include in terms of key outcomes, this is a great finding because it highlights the innovative nature of our professional and how we strive for continual improvement. Question: If you do not have an operational resilience programme, why not?

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BBVA: What it Takes to Secure Tomorrow

FS-ISAC

BBVA is member of several cybersecurity associations, such as the European Banking Federation, Institute of International Finance, European Financial Services Roundtable, and FS-ISAC. Effective and efficient sharing of intelligence is also critical. Talk about your partnership with Google Cloud on Chronicle.

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6 Steps for Financial Firms to Turn AI into ROI

Pure Storage

Whether you’re looking to implement AI for fraud protection or better customer insights or to improve efficiency with hyperautomation, which Gartner identifies as a top strategic technology trend for 2022, the test will come in transitioning from the proof of concept to a measurable return on investment. . Lord Kelvin.

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What Is Reputational Risk For Banks?

LogisManager

The world is also more dependent than ever to maintain financial stability amidst rising inflation and the inherent unpredictability brought on by the pandemic. Reputational risk in banking and financial services is associated with an institution losing consumer or stakeholder trust. How protected is your system?

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Important KPIs for Successful Vendor Management

Reciprocity

Improve your organization’s overall third-party risk management. For example, they can help with cost reductions, customer satisfaction, and continuous improvement. Vendor management KPIs benefit your overall business objectives as well. Key Performance Indicators (KPIs) vs. Key Risk Indicators (KRIs).