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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
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
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
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
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
Financial institutions such as banks and credit unions face a very high level of risk. This risk is inherent and built into the banking business model, making for a complex risk management and mitigation landscape. Fortunately, good policy management practices can position a bank to prevent financial fraud and theft. Understanding the Prevention of Financial… Continue reading The Role of Policy Management in Preventing Financial Fraud in Banking
Data security is a very real concern for companies in all business sectors, but the dangers and risk factors are especially intense for companies in the insurance space. Insurance companies store large volumes of very sensitive information submitted by customers. There are numerous laws and regulatory oversight groups with rules and requirements for data management… Continue reading The Role of IT Governance in Strengthening Data Security for Insurance Companies
People expect that their personal data and financial information will remain protected at all times, especially when it comes to the data they provide to credit unions, banks, and other financial institutions. It’s easy to see why this is the case. A single data breach can send massive volumes of extremely sensitive personal and financial… Continue reading The Future of Data Privacy in Credit Unions: Trends and Predictions
In any organization, digital risk has rapidly emerged as one of the most pervasive and rapidly growing risks. A recent survey by Gartner indicates that digital risk is the foremost strategic business priority for corporate directors in 2022 and 2023. The dependence on digital technologies has accelerated, driven by investments made during and after the… Continue reading AI can Help You Turn Digital Risk Management into Strategic Advantage
Data often represents a credit union’s lifeblood — its most valuable asset, so to speak. A financial institution’s data may be directly linked to mission-critical operations, ROI, and overall profitability. Credit unions collect a diverse variety of data points, including personal data and financial data. These data types can be quite valuable and members of… Continue reading How to Evaluate and Choose a Data Privacy Management Solution for Your Credit Union
