With increasing global complexities, those financial institutions that take a more integrated, strategic approach to model life-cycle management can unlock massive potential.
Banks can become more efficient and effective in combating money laundering, while improving the experience of their customers and employees.
With families continuing to struggle to make ends meet, lenders that find the right combinations of digital-first customer support will experience the benefits, including longer-term customer loyalty and insurance against being left in the wake of more ambitious peers.
Traditional nowcasting has served its purpose well, but the COVID-19 crisis proved challenging for most models. A next-generation approach supports critical decision making and strategy moving forward.
Strengthening institutional resilience has never been more important.
In today’s riskier, more connected environment, organizations must collaborate closely with external partners to reduce vulnerabilities to cyberattackers.
Keeping cyber teams in silos puts companies at risk. Boards can best prepare for an increasingly digital future with these cross-functional strategies.
The resumption of the credit cycle will offer innovative entrants rare access to underserved customer segments.
The expanding scope of models and the increased use of models based on advanced analytics have amplified the strategic importance of model risk management.
Small and medium-size enterprises are becoming an increasingly attractive segment for cybersecurity-technology and -solution providers.