Risk management today is all about helping organizations go beyond traditional risk management. 70% of businesses report that the pandemic has increased their reliance on technology solutions, increased efficiencies, increased decision-making transparency, and reduced costs.

Risk management solutions must take an integrated approach to digital and data-driven risk management, align business performance with enterprise compliance, and empower all departments within an organization to make smart decisions quickly, consistently, and efficiently—act as a unified company. This shifting risk landscape follows reports from nearly 1,800 third-party relations, risk management, and compliance experts worldwide in 2020—a survey that found that while an average of those respondents deal with almost 10,000 third-party relationships, many do not fully implement third-party due diligence, either when introducing new third parties or in terms of ongoing monitoring. However, regulatory risk is a direct concern for financial institutions that do business with businesses. It is essential to measure the effectiveness of risk and compliance management before regulatory violations become apparent to regulators and the public.

Group Futurista is presenting another episode of the "Future of Risk and Compliance Management for Businesses" virtual summit to introduce the topic to the audience.

Join this informative summit for helpful information to expand your business.