BANKING ON BOLD MOVES?
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.
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30 MIN READ |
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KEY TRENDS IN 2017
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:
Harnessing smart technology like AI, cloud and big data
31%
are using artificial intelligence (AI), but only 10% are highly proficient
TWEET
THIS
Rising to coordination challenges
25%
have centralized coordination of risk management across all risk types
TWEET
THIS
Building teams for the future
73%
agree that lack of skills in new tech impedes the risk function
TWEET
THIS
Since 2009, our research has mapped the evolution of risk management.
View our interactive timeline to find out more.
VIEW TIMELINE
SIX STEPS FOR SUCCESS.
IN A DECADE OF DISRUPTION.
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.
Step 1:
Drive tech and digital innovation
Step 2:
Push for top level integration
Step 3:
Start “skills blending”
Step 4:
Move beyond data management
Step 5:
Embrace transformation
Step 6:
Proactively work with regulators
GET THE WHOLE PICTURE
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.
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5 MIN READ |
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Discover how banks are responding to the key challenges they are facing.
15 MIN READ
Review findings from the study’s Japanese banking and capital markets respondents.
View infographic for a shorter read.
15 MIN READ
Review findings from the study’s UK-based banking and capital markets respondents.
View infographic for a shorter read.
15 MIN READ
Review findings from the study’s US-based banking and capital markets respondents.
View infographic for a shorter read.
MEET OUR LEADERS
Philippe Guyonnet
Managing Director,
Banking
Finance & Risk
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Fred Kim
Managing Director,
Finance & Risk
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Hamdi Mohammed
Managing Director,
Asia Pacific
Finance & Risk
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