Speaker at RiskMinds International 2019: Industry Risk Ecosystem - How collaboration across banks will improve risk management standards and lower costs
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Summary
The financial services industry is facing increasing complexity due to expanding regulations, increasing risk types, the need to adapt emerging technologies and cost saving imperatives. Financial Institutions need to rethink their risk management strategy in such a dynamic and changing global environment.
CRISIL’s Risk Intelligence and Solutions Ecosystem (RISE) is an industry wide consortium that enables financial institutions to come together and discuss common industry challenges and build best practices, to reduce costs and strengthen risk management practices.
CRISIL speakers introduced the concept of this new innovative business model at the conference, and also shared insights on the initial products catering to stress testing and credit risk needs.
