By the mid-2020s, banking should look very different. By then, the disruptive forces in this decade of change should have consigned time-worn business models to obsolescence. To survive—and thrive—banks should take swift action.
While the risk function is focused on managing new competitors and new risks, it is also expected to drive efficiency and make smart investment choices in people and tech. Banks should consider moving boldly from pockets of innovation to a core, proactive strategy that develops their risk capabilities.
Since 2009, Accenture has conducted regular research to track how risk management is evolving. Our latest study reveals how many of today’s risks—such as cybercrime—also present opportunities. Read the report. Keep pace. And make sure your banking business adapts to drive hidden value from risk.
In 2017, surveyed banks are responding to the forces of change by taking a more fluid, progressive approach to risk management. Our study finds companies investing to strengthen their risk functions across three key areas:
As the complexity of risk management in banking increases, what simple but powerful actions can Chief Risk Officers (CROs) take now to increase the opportunities in this decade of change? The 2017 findings point to six key steps banking industry risk leaders can consider taking now.
For all the analysis on these six steps, plus other insights, read the report.
Want to find out what the study reveals—and insights that can help build a function that goes far beyond compliance as a strategic cog in the modern banking business? With a suite of resources available, get the complete picture. From every angle.
5 MIN READ
Discover how banks are responding to the key challenges they are facing.
15 MIN READ
See the presentation for a more detailed look at the study.
30 MIN READ
See the full report for in-depth insight and analysis from the study.