A multidisciplinary team for data security, privacy and ethical use.
Non-financial risk (NFR) management has grown significantly in importance and complexity and therefore, financial institutions are investing heavily. The NFR domain includes operational risks, regulatory compliance, ethical conduct, information technology (IT) risks, third party risks and legal risks. Usually, these disciplines operate in silos which results in inefficiency and inability to effectively manage the spectrum of risks brought about by the rapid technological pace of today.
In order to leverage AI technological advancements, while adequately mitigating the associated risks, WB Advanced Analytics has set up a non-financial risk (NFR) team of experts from different disciplines.