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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

At least four staff members of (Royal bank of Scotland (RBS) died : the managers of Walton and London Mincing Lane branches, a female clerk at Islington, and a boy clerk at Deptford. Understanding & Managing Risks. They will also need recalibrated scorecards post-COVID as the existing models will not hold.

Risk 52
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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

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The Royal Mint’s diversification means all change for IT and security

CIO Business Intelligence

We used a security scorecard benchmark and said we could become the most secure global mint.” Three of the team—two cyber engineers and a risk manager—were hired directly from the University in their third years, prior to graduation. “We We’re now in a position to stabilise these huge improvements and start to scale activity.”

IT 52
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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. Ongoing model monitoring is an essential component of a sound model risk management practice.

Risk 59