Advancing Analytics
AUGUST 26, 2021
A report by Citigroup , showed that after the technology sector, the financial services industry is the biggest spender on AI services and is experiencing exponential growth. Interestingly, the insurance sector has 100% live machine learning applications in use. Fraud Detection. Risk Management.
Reciprocity
AUGUST 18, 2022
The result should be better, more strategic decision-making. ERM is the process of methodically identifying and dealing with any potential events that could threaten the achievement of strategic objectives or competitive advantage opportunities. Passing or sharing the risk via insurance, joint venture, or another arrangement.
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Reciprocity
MARCH 28, 2022
Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.
Reciprocity
AUGUST 24, 2022
When vendors cannot deliver the promised services, businesses frequently experience disruptions to their business, unable to carry out routine tasks. Vendor business decisions that conflict with your firm’s strategic goals create strategic risks.
Reciprocity
AUGUST 17, 2022
On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Non-Business Risks.
Reciprocity
DECEMBER 19, 2022
More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Importance of a Corporate Compliance Program.
Castellan
DECEMBER 1, 2021
To better understand the basic building blocks of business continuity management and how each generates business value, here are the five key tasks that make up a solid business continuity management program and the strategic benefits they provide: 1. Industry and/or Regulatory Requirements?
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