Digital Risk: Managing Risk and Security in Digital Age 2020 | BIS GROUP | 19 May 2020 | TBA, London, UK

"Banking in digital age - Making a step forward towards the transformation of risk and security management". Digitization has become deeply embedded in banking strategy, as nearly all businesses and activities have been slated for digital transformations. The significant advantages of digitization, with respect to customer experience, revenue, and cost, have become increasingly compelling. The momentum to adopt the new technologies and operating models needed to capture these benefits continues to build. The risk function, which has seen significant growth in costs over the past decade, should be no exception. Indeed, we are starting to see digital transformations in risk create real business value by improving efficiency and the quality of risk decisions. A digitized risk function also provides better monitoring and control and more effective regulatory compliance.