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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

, AI helps companies manage risks better, it's like a big shift. It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers.

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Treasurers Trust Big Data For Real-Time Risk Assessment

PYMNTS

Risk management is complex territory for many businesses, especially those with complex partnerships, vast supply chains and global footprints. Putting it bluntly,” the report notes, “if you wait until a liquidity crisis hits to cobble together an analysis based on an array of spreadsheets, it is probably too late.”.

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

The firm released its “Data Risk in the Third-Party Ecosystem” study last month, and found that 59 percent of more than 1,000 executives surveyed said they had experienced a data breach as a direct result of a cyberattack on a vendor or other third-party partner. But the cyber risk is new.”

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Treasurers Failing To Use Tech To Combat FX Risk, Deloitte Finds

PYMNTS

But though there is evidence treasurers are stepping up to the plate, the research finds that not only are there ongoing risks that treasurers must address, many are not adequately doing so. Ninety percent agreed that the treasurer holds an important role as a “steward for risk management for the company.”.

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European Central Bank Picks Treasury Management Tech Provider

PYMNTS

According to a press release Wednesday (May 16), the European Central Bank (ECB), based in Germany, has chosen OpenLink to provide treasury and risk management technology to manage its euro-dominated investment portfolio, foreign reserves and other asset purchase programs.