Elevating Fairness in Compliance: A Strategic Imperative for Integrated Risk Management
IRM transcends traditional risk management by incorporating GRC into the domains of ERM, ORM, and TRM, ensuring that governance and compliance are not isolated but integrated with all risk management activities. This comprehensive approach is crucial in an era where banking innovations such as digital platforms, and products like Buy Now Pay Later (BNPL) and Earned Wage Access (EWA), are rapidly evolving. These innovations, while beneficial, introduce complex compliance and operational risks that require an integrated approach to manage effectively.
Sign up to read this post
Join Now