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17 October 2018 Moving from analog to digital: A new paradigm for risk management Massive global trends are forcing fundamental change in what and how services and products are delivered to financial services customers and clients, and which firms provide those services. Key trends include demographic change; radical new technologies and data usage; a changing regulatory paradigm; and a fast-changing and ever-more-complex ecosystem of competitors, partners and vendors. Many industry players are new. Convergence across, not just within, sectors is contributing to the need for new business and operating models. Because of all of this — and the uncertainty that awaits — risk management needs a new playbook. Tried-and-tested methods will stall out quickly unless they are strategically designed for the future. An EY article provides details. Document ID: 2018-6210 |
