How MRM platforms can simplify financial risk management and get your organization future-ready.
In the ever-evolving landscape of risk modeling, financial institutions are facing increasing complexity and scrutiny.
Traditional governance, risk and compliance (GRC) software alone is no longer enough. Digital transformation impacts the complexity and frequency of market changes, which means companies need faster and more agile model risk management (MRM) to keep pace. Recent research by KS&R and PwC reveals that an integrated end-to-end MRM platform can help your organization navigate this challenging terrain.
Read “Future proofing model risk management through model risk management platform integration” to learn how:
- New digital tools often bring new avenues for criminal activity and increase compliance risks.
- Models are expected to grow, in number and complexity, as Tier 1 and Tier 2 institutions strive to keep up with regulatory pressures.
- Optimizing MRM requires overcoming data integrity, disparate databases and documentation challenges.
- Adopting automation and integration across the model lifecycle and workflows can boost efficiencies.