Market volatility and external influences are changing the way banks manage risk. SAS Australia explores how adopting digital transformation, alongside a dynamic and agile analytics-first approach, can provide banks with real-time data for identifying risks, making better business decisions, future-proofing businesses and offering a competitive advantage
The banking industry is changing rapidly, with risk at the forefront of concerns. Banks and other financial institutions are noting a rise in uncertainty and volatility within the markets, as external forces from geopolitics, cyber security, the Covid-19 pandemic, climate change and more are altering the environment in which they operate. Growing regulatory compliance measures and costs, as well as a rise in tech-forward competition, is further challenging the financial market landscape, and banks today need to find ways to remain relevant.
Risk leaders at SAS Australia convened recently to discuss how the industry can adapt to ever‑changing market conditions. Christopher Schaub, business solutions manager – risk, believes that on-demand, high-performance risk analytics is…
