Risk management is not just about preventing surprises or bad things from happening. It has a lot to do with innovation. If your risk management department does not provide you with insights to improve your business, it is high time you changed the staff. According to ISO 31000:2018, risk management is the impact of uncertainty …
How does risk management help with innovation? To understand the relationship, study the pictures below and answer the questions that follow: Picture 1: T Model risks Name the four risks present in the T-model above? What risks do you see? Of course, you may have noted weak frame, the car cannot run fast as it …
What is the relationship between risk management and innovation? Read More »
The coronavirus pandemic has created a sense of urgency for the digital bank. In this coronavirus times, banks are now talking about the bank 5.0 to mean a bank of the future that is highly advanced and sophisticated when it comes to anticipating and meeting customer needs. However, to win with the digital agenda, automation …
Winning with a digital strategy: welcome to Bank 5.0, part 1 Read More »
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