360factor Blog
Adopting Generative AI in Finance for Strengthening Risk and Compliance Management
The financial services sector stands on the brink of a transformative revolution, ready to redefine the landscape by adopting generative artificial intelligence (AI). This technological advancement is a significant jump toward effic...
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...
Key Factors to Improve Regulatory Change Management Process in Financial Organization
Financial organizations find themselves at the crossroads of compliance and innovation in an era marked by rapid regulatory evolution. The relentless pace of regulatory updates demands attention and a strategic approach to effective...
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...
Transforming Strategic Risks into Opportunities with Effective Strategic Risk Management Practices
In today’s versatile financial industry landscape, the concept of strategic risks takes on a whole new meaning. As defined by industry experts, strategic risk management represent the potential risks that undermine an organization...
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...