As the saying goes, Rome was not built in a day. The same is true for a lasting Enterprise Risk Management system. Sometimes, progress for organizations, come with one step forward, followed by two steps back. So celebrating even the smallest of victories, is critical for successful ERM implementation A Mature ERM system takes years…
FinTech businesses, because of their very nature, can grow very rapidly. As they grow at such a fast pace, they need their risk management and compliance functions to keep up with this growth. What is Financial Technology (FinTech)?FinTech is used to describe technology that seeks to improve or automate the use and delivery of financial…
Implementing a robust ERM system in any organisation is a long process which includes establishing the right risk architecture, strategy and protocols as well building a risk aware culture across the organisation. A holistic approachEnterprise Risk Management (ERM) has become critical for organizations as it offers a holistic approach to managing risks. Historically, organizations managed…
Do you know what’s common between the Black Swan, the Grey Rhino, the White Elephant and the Black Jellyfish? Yes, they’re all creatures, but they are also metaphors describing different disruptive risks. While each of these risks have their own unique characteristics, all of them can have major impacts on the profitability, competitive position and…
Businesses are operating in an increasingly uncertain, volatile and complex world and the need for good governance, risk management and compliance is stronger than ever. What is Governance, Risk Management & Compliance?Corporate governance ensures that those responsible for running the organization are doing their jobs properly and are discharging their duties faithfully. Proper risk management…