CIO Considerations: The impact of platformification in bank risk and compliance - Seguridad Mania.com - España y América Latina

Risk management in banks has gone through a silent revolution. Banks had to solve the problems and questions asked post-crisis and then rationalize and move to more enterprise wide models. Today, a three pronged revolution of regulation, technology and new sources of risk mean banks must re-imagine risk and compliance. With platformification, increases in computing power and cloud come the opportunities to deliver more agile processes, more real-time insights and more accurate predictions. But data quality remains king. What are CIOs top considerations when deploying more open api driven risk platforms? Can risk management securely live in the cloud? How can banks move the needle by collaborating with the fintech ecosystem?