In today's complex financial landscape, the integration of people, technology, and data is paramount for effective risk management. Despite this, recent FStech research reveals that only 34 per cent of firms have achieved full integration, whilst 63 per cent are still navigating this crucial journey.
In this FStech Fireside chat, Quin Rodriguez, Vice President Strategy and Innovation at Riskonnect joins Editor Jonathan Easton to delve into the challenges and opportunities of creating a truly integrated risk management strategy. We explore why 31 per cent of organisations prioritise connecting data across their enterprise and how this approach can lead to more robust risk mitigation and regulatory compliance.
We also discuss the latest trends in integrated risk management technology, examine best practices for aligning resilience objectives with corporate risk goals – a task that only half of firms have fully accomplished – and look ahead to the future of integrated risk management, discussing how emerging technologies like AI and machine learning can further enhance financial institutions’ risk strategies.