RiskTech Forum

Wolters Kluwer: Big data to disrupt current operating models within the financial industry

Posted: 1 October 2015  |  Source: Wolters Kluwer


Big data to disrupt current operating models within the financial industry

The recent global financial crisis has effectively forced firms to assess internal governance procedures and adopt a wider approach to risk management. However, the backward looking nature of traditional GRC – Governance, Risk and Compliance – means that it is solely concerned with preventing repetition of previous failings. Now, with a well-publicized call for strengthening existing GRC procedures to meet the current and future demands of regulators, shareholders, financial media, and savvy-minded financial professionals, the need of the hour is a forward looking approach, agile enough to decipher new threats.

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