Description
Enabling Organizations with Operational Risk Intelligence
The bottom line: Financial institutions require a modern operational risk landscape with accurate and actional operational risk intelligence information. Legacy practices—such as periodic assessments, manual processes, and siloed oversight—are no longer sufficient to manage the complexities of today’s financial services environment. Institutions must embrace operational risk intelligence solutions that provide continuous, real-time situational awareness across all risk vectors to mitigate operational risk effectively. Institutions need to invest in operational risk intelligence solutions that integrate data from across the industry and worldwide, providing a single pane of visibility into developing operational risks that can impact the organization. These solutions leverage automation, artificial intelligence, and data analytics to continuously monitor risks, identify emerging threats, and enable proactive risk mitigation. By adopting a full-spectrum, real-time approach to operational risk management, financial institutions can be proactive and not just reactive in forecasting, managing, and mitigating operational risk exposure.
RiskSpotlight is a solution provider of A.I.-enabled operational risk intelligence that GRC 20/20 has researched, evaluated, and reviewed with financial services organizations using in complex, distributed, and dynamic business environments. RiskSpotlight has developed an operational risk intelligence portal (RiskSpotlight Portal) that leverages AI and subject matter expertise to make operational risk management and the intelligence it needs to be efficient, effective, resilient, and agile. The solution provides an integrated approach to managing the operational risk intelligence lifecycle within organizations, providing a single source of truth on operational risk events and developments external to the organization and their potential impact on the organization.
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Table of Contents
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The Interconnected Web of Operational Risks
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The Inevitability of Failure: Fragmented Intelligence of Operational Risk
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RiskSpotlight Portal
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Enabling Organizations with Operational Risk Intelligence
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What the RiskSpotlight Portal Solution Does
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RiskSpotlight Portal Delivers Operational Risk Intelligence
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Benefits Organizations Have Received with RiskSpotlight Portal
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Considerations in Context of the RiskSpotlight Portal
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About GRC 20/20 Research, LLC
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Research Methodology
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