CASHING IN
Risk in real-time
The 2008 financial crisis shone a spotlight on risk management , with the result that techniques evolved , new asset classes developed and the data used for risk calculations is now more readily accessible , there ’ s more of it – and it ’ s more complex . Financial institutions such as asset managers , retail and commercial banks , hedge funds and insurance companies all have their particular data challenges , risk measures , regulations and reporting requirements . Firms need to understand and address these factors to deliver a real-time risk view and master the risk environment .
Banking and finance organisations in the UAE and across the region must put innovation and tech at the heart of their reinvention .
Using data to drive Digital Transformation , companies in the financial services and banking sector need to be able to meet the changing expectations of today ’ s customers , with excellent experiences delivered in realtime . To provide the experience required and successfully navigate the current period of change , firms need access to real-time insights , with all data brought together on a common platform . So , for banks and financial firms in the UAE to successfully handle the disruption , innovate and pivot their business models in the changing climate , they ’ d do well to remember to focus on data management when allocating their tech spend . � www . intelligentfin . tech
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