360factor Blog
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...
The Four Pillars of Innovation: Redefining the Risk Management Function in Insurance
The insurance industry is poised for a transformative era. With new technologies coming to market at breakneck speeds, the risk management function must keep pace. Historically, the sector has navigated a landscape defined by tradit...
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 Finance: Top 10 Components of a Generative AI Framework for Augmented Risk and Compliance
In recent years, the financial services sector has witnessed a seismic shift towards integrating generative AI in finance technologies. This transformative journey is about adopting new tools and fundamentally reimagining how bankin...
Understanding and Using the Audit Risk Model and Its Components
The audit risk model classifies the risks that can happen, especially when an external auditor is being used. Every business activity carries a certain amount of risk. Whenever there is an audit there are several risks that need to b...
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...