Digitizing the Risk Back Office: Key Priorities for Banking & Financial Services

With the scare of a Silicon Valley Bank-led financial contagion averted, operational risk has returned to the forefront of chief risk officer (CRO) and risk management priorities. Regulatory focus on operational resilience is highlighting the need for decisive, coordinated responses to new threats that are executed quickly across the organization. Firms are focused on next-generation data management techniques to support artificial intelligence (AI) enablement in risk. Financial crime compliance—anti-money laundering and know your customer (KYC)—is being transformed through the broad adoption of machine learning and early use cases for generative AI. All this is making digitizing the risk back office a continuing priority and a central driver for risk technology investment through 2023 and beyond. In this webinar, Ian Watson (global head of risk, Celent); Neil Katkov (director, risk, Celent); and Jeff Lundberg (Principal Product Marketing Manager, Hitachi Vantara) explore the critical technology priorities and investment areas that will shape the future of risk and compliance in financial services. Key takeaways: - When it comes to risk and compliance, what are the biggest priorities for CROs and what does this mean for their technology strategy? - Looking to the future: How will technology alter the risk landscape for financial institutions? How will the risk landscape alter technology priorities for the next 3-5 years? - Which risk and compliance technologies and product areas top the agenda for investment in 2023-24?