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Riskmitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. “They manage credit risk and liquidityrisk, and more traditional third-party risk verticals,” he said.
There are several ways heightened data management can yield more effective riskmitigation , Hazeltree noted. Cyber risk exposure, the paper noted, is about more than who owes you money; the strengthen of that counterparty involves their financials, capital structure and other metrics. One is in assessing counterparty strength.
Last year , OpenLink Vice President of Commodities & Treasury Solutions Mark O’Toole spoke with FX-MM about the intersection of Big Data and treasury management, noting that managing data for real-time riskmitigation is “a bigger challenger than you would imagine.”
This AI-driven approach strengthens risk management by providing timely insights and informed decisions based on real-time data analysis and predictive modeling. Risk of Insufficient Liquidity The initial facet of liquidityrisk involves whether businesses possess sufficient cash reserves to meet their financial obligations.
In a survey of treasurers across more than 200 companies in various parts of the globe, Deloitte found that the corporate treasurer continues to be positioned as a risk-management function of organizations: 97 percent said that the treasurers’ role in liquidityrisk management is important. Technology Tripping Up Treasury.
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