Previously, in our IBM Watsonx blog series, we explored the components within the IBM Watsonx and Watsonx.governance and the foundational aspects that make it a value-creator for exercising AI governance. In this blog, we examine IBM’s point of view on prioritizing AI ethics and what leaders should know about IBM’s commitment to building Responsible AI.… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance (Part 2)
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IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance
Generative artificial intelligence, or GenAI, is now a global phenomenon. Leaders and decision-makers of enterprises creating this transformative technology strive to understand ways to govern, deploy, and ethically manage workflows and roles across the AI lifecycle. Enter IBM Watsonx, the next-gen AI and data platform to build meaningful and explainable AI. Tech leaders across industries… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance
IBM OpenPages Risk Management for ESG Helps Corporate Leaders Understand their Firm’s ESG Risks
IBM OpenPages with Watson is an integrated risk management platform built to help organizations stay on top of their ESG goals. Organizations whose board members and executive leadership are far behind in their grasp of ESG risks can leverage the tool to quickly adapt to the latest ESG reporting framework! The term environmental, social, and… Continue reading IBM OpenPages Risk Management for ESG Helps Corporate Leaders Understand their Firm’s ESG Risks
How Important is an ESG Score for BFSI Firms?
The rapid globalization and technological evolution over the last decade have led to a drastic increase in trade flows and per capita income among developed and developing nations. The macro impacts of these developments are evident in our environment, with the use of natural resources and climate change ultimately driving the urgency for collective sustainability… Continue reading How Important is an ESG Score for BFSI Firms?
Recapping 2023 ESG Trends for BFSI Companies
Growing concerns about climate change and rising carbon emissions have not singled out the global banking, financial services, and insurance (BFSI) sector. Being the financial watchdog of the economy, BFSI companies have a serious ethical obligation towards sustainability. Emerging ESG trends are proof of this shift. Moreover, moving towards a sustainable economy can help banking… Continue reading Recapping 2023 ESG Trends for BFSI Companies
Internal Audit and its Growing Role in Emerging Technologies – Part 2
In part 1 of this blog, we delved into the current business challenges and the role of internal audit in addressing them. Through doing so we highlighted improved practices we’ve observed, and identified critical areas where internal audit can proactively address cloud computing and smart devices. In part 2, we will focus on cyber security… Continue reading Internal Audit and its Growing Role in Emerging Technologies – Part 2
Internal Audit and its Growing Role in Emerging Technologies
The internal audit business function has steadily seen its role in Emerging Technologies grow exponentially. With data breaches frequently appearing in the news, executives are becoming increasingly anxious about data privacy and security matters. There has been an increase in the risk of IT security breaches, customer data misuse, and reputational harm. The increase can… Continue reading Internal Audit and its Growing Role in Emerging Technologies
Top 5 Operational Risks Every Financial Institution Should Be Aware of
Operational risks account for a fairly significant portion of an average company’s risk management landscape but the equation changes rather dramatically when it comes to the financial sector. Banks, credit unions, lenders, and others in the financial space must confront a great deal of operational risk simply due to the very nature of their business… Continue reading Top 5 Operational Risks Every Financial Institution Should Be Aware of
The Benefits of Integrating Enterprise Risk Management (ERM) and Internal Audit Management for Credit Unions
An enterprise risk management strategy or ERM offers a host of benefits to companies in all industries and business sectors. But the advantages increase exponentially when you integrate enterprise risk management practices with internal audit management activities within your credit union or other financial institution. What is Enterprise Risk Management? And What Are the Benefits… Continue reading The Benefits of Integrating Enterprise Risk Management (ERM) and Internal Audit Management for Credit Unions
Key Highlights of IBM OpenPages with Watson v9.0.0 Release
IBM’s OpenPages with Watson stands out as a highly integrated governance, risk, and compliance platform, empowering businesses to address their risk and compliance challenges effectively. IBM OpenPages with Watson v9.0.0 comes with exciting new capabilities and enhancements. Such as the integration of custom machine learning models and notable updates in workflows and dashboards of individual… Continue reading Key Highlights of IBM OpenPages with Watson v9.0.0 Release