Michael Mumm, Director of Enterprise Risk Management, Société Générale and Fabrice Fiol, Managing Director of Enterprise Risk Management, Société Générale
Michael Mumm, Director of Enterprise Risk Management, Société Générale
One word to describe the current state of risk management is turbulent. With the rise of artificial intelligence (AI), global connectivity and new emerging risks, organizations are facing a bumpy future with respect to risk identification, assessment and measurement. However, given the accelerated rate of new technologies and innovations in the financial services industry, one could certainly argue that the future is already here. While this creates a tremendous amount of uncertainty and challenge, it also creates unprecedented opportunities.
Determining how a company values innovation—and more specifically the curiosity that drives innovation—is one way in which to assess an organization’s readiness to embrace new avenues. The genesis of most discoveries and inventions throughout history is curiosity. Curiosity is critical to an organization’s performance, as it fosters an ability to adapt to…
