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Using Risk Management Architecture to Power Enterprise Agility

 

Karthik Venkataraman

Domain Consultant, Banking, Financial Services and Insurance, TCS

Risk management agility can be achieved by leveraging the cloud as a solution

Risk management in the financial industry is becoming increasingly complex. It is important to build agility into planning and execution of risk identification and mitigation. A robust risk management system must mimic the human brain, identify existing risks in a system, and trigger risk events. What is also needed is the ability to scale, which comes with a customizable, secure and efficient cloud infrastructure.

While AI tools can help identify risks in processing, storing and transferring data across platforms and messaging systems, it can be a challenge to unify different platforms for reading, analyzing and storing data. A unified rule engine can enable organizations to build a seamless, risk-free, real-time data processing environment.