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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 7: The Impact of COVID-19 on Financial Services & Risk Management

bridgei2i

Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. Listening time: 12 minutes.

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Automating Model Risk Compliance: Model Validation

DataRobot Blog

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52
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4 Reasons Why GRC Is a Useless Term

John Wheeler

It has been 5 years since Gartner embarked on the journey to enhance our coverage of the risk management technology marketplace. That journey included in-depth survey research and countless interactions with our end-user clients to understand their need to better manage strategic, operational and IT/cybersecurity risks.

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AI in commerce: Essential use cases for B2B and B2C

IBM Big Data Hub

To take one example, AI-facilitated tools like voice navigation promise to upend the way users fundamentally interact with a system. They can provide valuable insights and forecasts to inform organizational decision-making in omnichannel commerce, enabling businesses to make more informed and data-driven decisions.

B2B 66
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Cloud Technology Powers Research on PSA Software

Smart Data Collective

The study indicates that over one-third of non-PSA users are poised to transition to a PSA system within the next three years, aligning with forecasts that the PSA market will double during this period. They encourage improved cooperation and client interactions. Why Do Businesses Seek to Use PSA Systems?

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Financial services firms turn to automated, data-driven processes for new products and services

CIO Business Intelligence

Consumer banks can use digital interactions to gather more customer data and apply real-time analytics to expand services and speed up processes. Machine-managed risk Risk management is a top-of-mind issue for all financial services firms. But there’s an opportunity in this shift.

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Manage the Demand of Stress Testing in Financial Services

Cloudera

Risk management is a highly dynamic discipline these days. Similarly, the European Central Bank is issuing stress testing requirements related to climate risk given the potential economic shifts related to addressing climate change. Stress testing is a particular area that has become even more important throughout the pandemic.

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