Digital Mission

Accelerated Banking

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Digital Trust and Stewardship Risk Management

Operational Risk Management

Current Situation

Operational risk frameworks and expectations through bodies such as the Basel Committee on Banking Supervision (BCBS) continue to evolve and drive banks to develop scalable and sustainable operational resilience programs.

Goals and Objectives

Identify the risks to the institution from internal and external forces through improved risk intelligence. Automate risk analysis and scoring. Establish an enterprisewide risk control integration as well as a mapping of risk controls to business operations.

Technology Deployed

Hardware: Enterprise hardware

Services: Managed services and consulting

Software: Analytics, AI, and application platforms

Innovation accelerators: Cognitive machine learning

3rd Platform technologies: Big Data and analytics

Use Case Summary

Operational risks arise from failed internal processes, improper business practices, system failures, or external events. Institutions must have a holistic view of operational risks to understand and measure the potential impact to the bank. GRC point solutions and integrated suites will be used to enhance existing technology and processes.

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