Digital GRC: Innovations for Early Identification and Management of Risk

Presented by

Moderated by Colin Whittaker; Yo Delmar, MetricStream; Jason Ford, Contegix; and Cameron Jackson, Riskonnect

About this talk

Attendees can earn 1 CPE credit on this session. Digitization has become deeply embedded in enterprise strategy, as nearly all businesses and activities have been slated for digital transformations. The significant advantages of digitization, with respect to customer experience, revenue, and cost, have become increasingly compelling, and we are starting to see digital transformations in risk create real business value by improving efficiency and the quality of risk decisions. The state of risk management at most global, multiregional, and regional banks is abundant with opportunity. Current processes are resource intensive and insufficiently effective, as indicated by average annual fines above $400 million for compliance risk activities alone. By improving the efficiency and effectiveness of current risk-management approaches, digital risk initiatives can reduce operating costs for risk activities by up to 30 percent, and a digitized risk function can provide better monitoring and control and more effective regulatory compliance. On this webinar our panel of experts will discuss digital innovations for risk management success.

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