How COVID-19 Is Accelerating the Demand for Efficiency and Automation in Risk Management

The improvements banks have made over the past decade to their risk practices are now up against COVID-19—the ultimate stress test for financial risk. The pandemic accelerated not only the demand for efficiency and automation in risk management (as I addressed in a Banking Journal article recently). The challenges presented by the pandemic continue to heighten the need to take an enterprise-wide, real-time approach to managing operational risk.