By the mid-2020s, banking should look very different. By then, the disruptive forces in this decade of change should have consigned time-worn business models to obsolescence. To survive—and thrive—banks should take swift action.
While the risk function is focused on managing new competitors and new risks, it is also expected to drive efficiency and make smart investment choices in people and tech. Banks should consider moving boldly from pockets of innovation to a core, proactive strategy that develops their risk capabilities.
Since 2009, Accenture has conducted regular research to track how risk management is evolving. Our latest study reveals how many of today’s risks—such as cybercrime—also present opportunities. Read the report. Keep pace. And make sure your banking business adapts to drive hidden value from risk.
Get the Whole Picture
- The Hidden Value of Risk in Banking (report, PDF)
- Key Trends in 2017 – Timeline (presentation)
- The #1 Challenge for Risk (infographic, PDF)
- Banking Risk – Potential Exposed (presentation)
Content & image source: Accenture