About: Sarah Hamilton
This author has not yet filled in any details.Five Steps Towards a Better Risk Management Framework
Risk management frameworks need to be updated based on the latest available technology. While the basic theories of risk management hold true, it is important to remember that the risk management strategies and methods devised decades...
Generative AI in Banking and Financial Services: Navigating the Opportunities, Challenges and Risks
Generative Artificial Intelligence in banking has seen significant developments in recent years. The evolution of Generative AI in Financial Services is deeply rooted in advancements in deep learning, with neural networks taking cen...
Regulatory Change Solution for Managing Change Intensity in 2024
As we step into 2024, the regulatory environment is rapidly evolving due to new regulations. It is significantly shaped by the dynamic interplay of economic fluctuations, election-year uncertainties, and myriad legal actions. Regula...
AI in Financial Services: Unveiling the Revolutionary Impact on Risk Management
Imagine a financial landscape where every risk management decision, from the most mundane to the most critical, is underpinned by an intelligence so profound that it can foresee risks long before they emerge. This is not the realm o...
Three Major Stages to Successfully Perform Risk Assessments for Financial Organizations
In the intricate financial environment, the ability to perform risk assessment effectively is not just necessary; it's imperative for the survival and prosperity of any financial institution. The financial landscape is loaded with v...
Advancing the Risk Management Function Beyond Traditional Boundaries in the Insurance Sector
The role of Chief Risk Officers (CROs) in the insurance industry is significantly transforming. Gone are the days when their responsibilities were kept to traditional risk assessment and mitigation strategies. Today, CROs are at the...
Exploring Why Banks Are Turning to AI/Cognitive Analysis for Better Compliance Management Process
Banking institutions experience unparalleled challenges as they continue to optimize their compliance management process. Complicated portfolios, strict budgets, and intricate reporting requirements make monitoring and swiftl...
How ESG Regulations are Driving Innovation and Strategy in the Insurance Sector
The insurance sector is witnessing rapid regulatory oversight, particularly with the growing societal focus on the importance of Environmental, Social, and Governance (ESG) principles. Traditionally, the insurance sector has primar...
4 Critical Practices to Enhance Compliance Risk Management Framework in the Insurance Sector
The concept of compliance has transcended its traditional boundaries, evolving from a mere adherence to regulations to a comprehensive strategy to protect companies from a wide array of risks. Today, the information goes viral insta...
How AI in the Insurance Industry is Influencing Regulatory Changes in 2024
As we enter 2024, the adoption of AI in the insurance industry is not just a buzzword but a transformative force reshaping the sector. Integrating AI technologies in insurance operations revolutionizes various services, from risk a...