Financial institutions are under mounting pressure to improve their credibility when it comes to regulatory compliance and governance issues.
Thanks to the COVID-19 pandemic, and numerous factors preceding it, the finance sector continues to face evolving regulatory challenges during 2021 and beyond. As the rest of the world settles into the new normal, financial institutions need to rethink their compliance strategies to overcome new and emerging regulatory challenges to enjoy a redefined vers
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What transformation-led projects are on every risk team’s agenda? Eleanor Halsey, RiskMinds Editor-in-Chief, explores.
Covid-19’s impact on risk management and the subsequent lessons in strengthening resilience, managing uncertainty, improving leadership, and adapting to evolving regulatory challenges have sparked an acceleration of transformation-led projects within risk teams. As a result, what are the five core areas of discussion that dominate the risk management agenda in 2021 and beyond? El
Research by PwC indicates that leading companies are in a near perpetual state of Reorganization. This upsurge in Organizational Design initiatives is owing to the accelerating pace of strategic change caused by disruption of industries, changing competitor landscape, customer behaviors, and distribution channels.
Companies opt to commence efforts to restructure their organization in the hopes of enhancing efficiency, perpetuating growth, and surviving in future. Some shift their Business Model
Employees with the right skills make or break an enterprise, create brand impression, represent the company’s culture and values.
Disruptive technology is changing the contemporary work environment. Employees in traditional roles are now feeling insecure and disengaged. This dissonance threatens to take away the Competitive Advantage of companies.
Employee Engagement has emerged as one of the significant pillars on which the Competitive Advantage, Productivity, and Growth of an organization rest
Motorola pioneered a new approach to quality control in the 1980s. Bill Smith and Mikel Harry, two engineers, were credited with developing Six Sigma. Ten years later, Jack Welch, then-CEO of General Electric, popularised the Six Sigma approach by incorporating it into GE's business strategy.
Six Sigma methodology incorporates data-driven, statistics-based tools and techniques to facilitate better continuous improvement and process management. Read our previous blogs to learn more about Six Sigma
Business Intelligence for the C-suite: A New Vision for Operational Risk Management
Is it time to change the view of the operational risk department in your organisation? Often ‘Op Risk’ is seen by c-suite execs as a box ticking exercise, a negative department whose function it is to aggregate risk data and report on it. Traditionally Op Risk departments talk of doom and gloom and worst-case scenarios and brings up mistakes and problems.
The aim of this eBook from Camms is to banish the negativi
According to TechSci Research report, “Electric Vehicle Simulation Testing and Design Software Market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. The growing demand for mobility solutions with less environmental impact is influencing the demand for electric vehicles across the globe. Adopting the simulation, testing and design software by the electric vehicle manufacturers to design the advanced electric vehicle by making smart decisions and test the vehicle
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According to TechSci Research report, “MLOps Market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. ML Ops stands for machine learning operations and makes the use of machine learning models by the development/operations team. The main objective of ML Ops is to manage the deployment and development of machine learning models by stating the process to make machine learning more dependable and productive. The development of the machine learning model is different f
Thankfully, when the world went online last year, I was in front of the curve having already run online workshops for some clients. However for obvious reasons the demand for running risk workshops online has increased and I have been upping my game every step of the way to help guarantee workshop participants get as good, if not a better, experience than in-person.
One of the tools I use is Mural. Last week, in search of something new, I came across their “Sailboat Retrospective”. It was origina
Increasing public acceptance and rising of Internet of Things (IoT) and security concerns for user identification processes to drive the growth of global biometrics market through 2026.
According to TechSci Research report, Global biometrics market was valued at USD 33.24 billion in 2020 and is expected to grow at a CAGR of 16.73% during the forecast period owing to the increasing public acceptance and rising of the Internet of Things (IoT) and security concerns for user identification processes
Digital leaders are best positioned to meet disruptive challenges with innovation.
September 28, 2021
Source: MITSloan
Management Review
On Jan. 8, 2020, when Chinese researchers announced that they had identified a new virus that had infected dozens of people across Asia, few business leaders realized that their companies were on the brink of an economic, medical, political, and cultural disruption of global magnitude. In short order, they were called upon to respond to potential illne
Hi Global Risk Community member,
If your company is looking to go public, you know there are hurdles to overcome to meet the compliance requirements for financial reporting, business processes, and user access into your critical business systems.
Don’t wait to put the necessary controls in place.
The Sarbanes-Oxley Act requires CEOs and CFOs to be responsible for the integrity of the financial statements of the company.
Ernst and Young recently stated, “Companies that exceeded overall ma
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In the field of engineering, anticipating failure in projects is recognised as a showcase of an advanced process of making a product. Potential failures are to be identified before the development process initiates to successfully mitigate the risk. In the future, the production costs will be greatly reduced as a result of this. Because the product is solid-state, there is little to no risk of failure if proper failure prevention techniques are used.
Fault Tree Analysis is one such methodology t
Ongoing technological advancements and the growing IT sector is expected to drive the global AI in data integration market for the forecast period.
According to TechSci Research report, Global AI in data integration market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. Businesses tend to generate a large amount of data from non-traditional data sources such as social media posts, streaming data, machines, and traditional data sources such as file system data, ER
This week I’m sharing my paper ‘Selling Resilience’ with you that I wrote for those who understand the benefits of building resilience to enshrine organisational value and know that convincing the unenlightened is often hard to do. You see some people making decisions for short-term gain while riding their luck because it is the easier choice. Others you see being forced into decision-making based on short-term time horizons because of politics or the views of analysts or the short-sightedness o
According to ChemAnalyst report, “Bio Lubricant Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, bio lubricant market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 3.45% during the forecast period. Growing awareness about environment friendly materials coupled with increasing environmental regulati
