By Neil Katkov, Director - Risk

Advanced data management is a key force behind financial institutions’ risk modernization initiatives. Transformation of risk—including financial risk management, operational risk and financial crime compliance—is taking place to address two main needs. First, it must meet the risk challenges presented by growing customer-facing digital financial services (such as fraud and cybersecurity). Additionally, risk management must leverage new types of risk data that today’s increasingly connected digital world generates.

Read more via ABA Banking Journal (Risk & Compliance channel).