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CIO risk-taking 101: Playing it safe isn’t safe

CIO Business Intelligence

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. An unrationalized application portfolio, and for that matter poor rationalization of the other architecture layers, creates, in a word, “risks.” Mitigation is about reducing the damage.

Risk 116
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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Firms face critical questions related to these disclosures and how climate risk will affect their institutions. What are the key climate risk measurements and impacts? When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers.

Risk 79
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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

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Building cyber resiliency for your data with IBM FlashSystem

IBM Big Data Hub

While the need for reliable, resilient, recoverable and corruption-free data governance has long been achieved by a backup and recovery routine, more modern techniques have been developed to support proactive measures that protect against threats before they occur. Cyber resiliency goes beyond mere cybersecurity measures.

Risk 78
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Who is Ready for Climate Disclosures?

Cloudera

Alongside guidance initiatives from central banks such as the Bank of England’s pledge and the US Federal Reserve’s committees, organizations are assessing their strategy to measure risk and meet climate disclosure reporting requirements. Climate Risk Measuring and Modeling.

Risk 88
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Averting turbulence in the air

CIO Business Intelligence

She is also mindful of security: “Is it too adventurous to book the ticket through an unfamiliar travel agency, or should I book through the airline itself?” However, one common measure can be applied for all carriers: Do not touch (store, process, or transmit) any payment card data to begin with. [1] she wonders.

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What to Do When AI Fails

O'Reilly on Data

Materiality is a widely used concept in the world of model risk management , a regulatory field that governs how financial institutions document, test, and monitor the models they deploy. Data sensitivity also tends to be a helpful measure for the materiality of any incident. How Material Is the Threat?

Risk 362