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From Crisis to Opportunity: Redefining Risk Management

How a More Automated Approach to Risk Management Can Transform Banks’ Performance, During the Pandemic and Beyon

From Crisis to Opportunity Redefining Risk Management2 min

From the way customers complete transactions, to how banks make decisions, digital tools are bringing greater speed, efficiency, and transparency to many aspects of the financial workflow. Until now, the risk-management side of the operation has been slower to embrace this trend. A survey of 300 financial- services professionals, conducted by SAS in January and February 2021, found that many banks are lagging in their adoption of digital solutions for risk management. This is limiting their ability to forecast future trends and improve decision-making across the business.

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