Having navigated the coronavirus pandemic’s disruption, the banking industry faces a new era of volatility and uncertainty. Soaring interest rate and liquidity risks have toppled eight banks since 2023. Credit risk looms large amidst geopolitical tensions and the squeeze of inflation. Regulatory change and complexity abound. To effectively confront the mounting challenges, a global risk management survey from FT Longitude and data and AI leader SAS reveals that:
75% of banks intend to increase investment in risk technology infrastructure (up from 51% in 2021). 64% plan to augment spending on third-party software (vs. 43% in 2021).Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
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