Harvard Business Review

SEPTEMBER 21, 2018

Corporate directors and executives alike recognize that today’s pace of change continues to accelerate and that firms need to innovate to stay ahead. But are boards doing enough to support innovation, as they should? We found that, overall, innovation does not rank as a top strategic challenge for the majority of boards.

Innovation 10

Innovation Short-term Telecommunications Long-term 10

Harvard Business Review

AUGUST 9, 2018

Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection — and even to predict and prevent crimes.

Banking 8

Banking Strategic Fit Risk Management Real Estate 8

Michael Lee Stallard

JUNE 18, 2010

He spoke of using parallel processing, a form of artificial intelligence, to create new solutions that address thorny risk management issues faced by financial services institutions such as banks and insurance companies. Education is another field he mentioned. why is everyone smiling?

Conference 261

Conference Bottom-up Software Long-term 261

Harvard Business Review

NOVEMBER 23, 2016

These threats change the risk management calculus of firms hoping to succeed in a more turbulent world. Start-ups are particularly at risk today because of both their size and age. Generally speaking, entrepreneurs may need to rethink their risks to improve the chances that their innovations succeed.

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Strategy Driven

NOVEMBER 6, 2015

It is important to identify swings and trends so that innovation can remain a strength of your business. Banking and investing plan is annually updated, with realistic, measurable goals. You never know when the next big recession will hit. Instill discipline. This is often an unpopular issue but this is a critical matter.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Harvard Business Review

MAY 15, 2013

The next time we hear about a bank or insurance company''s "green program" — like using energy efficient light bulbs or operating out of a LEED Platinum building — we''ll either scream or throw up. The result is a "heads the bank wins, tails society loses" set of outcomes. Don''t get us wrong.

Banking 8

Banking Licensing Finance Insurance 8

Harvard Business Review

NOVEMBER 22, 2016

Companies such as IBM, Apple, Toyota, and Fidelity have demonstrated an interest and appetite for deep research and innovation by introducing AI platforms and solutions for customers, partners, and employees. How Banks Are Capitalizing on a New Wave of Big Data and Analytics. Manage change. Assess readiness.

Insurance 8

Insurance Industry Content Competitive Advantage 8

Harvard Business Review

OCTOBER 11, 2013

banks can use in their business. According to a 1992 study by the Government Accountability Office, the average leverage ratio for the top 13 investment banks was 27-to-1 during 1991 (up from 18-to-1 in 1990). drop in asset prices would wipe out the equity of the bank. Ethics Finance Risk management'

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

OCTOBER 10, 2017

Adaptive performance manifests as creativity, problem solving, grit, innovation, and citizenship. In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve Before, tricky problems would be redirected to a risk manager. Now, a risk manager physically sat in between four teams.

Organization 12

Organization Tactics Call Center Metrics 12

Harvard Business Review

JUNE 1, 2017

How the most innovative providers are creating value. If that doesn’t work, they can use the stolen information for traditional identity theft, since medical information tends to include enough information to allow a criminal to open a credit card, bank account, or loan in the victim’s name. billion per year. Update HIPAA.

Health Care 8

Health Care Supply Chain Insurance Risk Management 8

Harvard Business Review

DECEMBER 28, 2017

Moreover, having regularly defaulted on its debts, few international institutions are willing to lend to the government, forcing it to rely on poorly capitalized local banks. This has left little credit for the country’s private sector, exerting a dampening effect on business activity and growth.

Banking 8

Banking First-mover Advantage Politics Finance 8

Leading Blog

APRIL 5, 2019

Our instinct for determinism may well have been an evolutionary innovation. After graduating from the University of Oxford with a physics degree, he went into securities trading, first at Yamaichi International and then at the Bank of America. Probabilistic risk managers will think about the future of how they work.

Uncertainty 308

Uncertainty Sports Credit Rating Learning-by-Doing 308

Harvard Business Review

JUNE 18, 2013

As importantly, an effective cybersecurity framework has to overcome barriers to continued economic growth — creating an environment that protects and nurtures innovation. Critical industry sectors from energy and banking to transportation and health care answer to different government agencies or regulators.

Cooper 8

Cooper CIO Risk Management Telecommunications 8

Harvard Business Review

JULY 31, 2013

This is the new frontier for reputation risk management. Would you create a new personal checking account with a bank that doesn''t have an online portal? You decide whether to participate in this conversation or not, but at least you are aware of what is being said. If you don''t tell your story, others will tell it for you.

Media 10

Media Reputation Brand Participative 10

Harvard Business Review

JANUARY 18, 2011

I was reminded of this dynamic recently when I interviewed managers and key contributors in a hi-tech firm to find out what it would take to accelerate growth. I discovered that while executives genuinely wanted innovation , they simultaneously wanted to control costs and report consistent earnings.

Innovation 14

Innovation Stress Environment Cost 14

Harvard Business Review

MAY 3, 2011

An MBA student once asked me to give her a simple explanation of the "risk management function." After a few minutes of fumbling, I told her that risk management is the process of identifying, prioritizing, and mitigating the impact of unforeseen (and usually negative) events.

Risk Management 15

Risk Management Management Contingency Plans Reputation 15

Harvard Business Review

MAY 1, 2012

The mispriced investments and derivatives at Enron look similar to mortgage-backed securities at banks or companies with a disproportionate amount of Level 3 fair-value assets (illiquid assets with highly subjective estimated values). Are these deals true risk transfers or are they cosmetic?

Chief Financial Officer 11

Chief Financial Officer Finance Banking Class 11

Strategy Driven

OCTOBER 11, 2013

Resulting from inflexible conditions, obsolete policies-procedures, procrastination, attitude, resistance to innovation, failure to change. Don’t have sufficient management skills or resources to do something well. Crisis management and preparedness can minimize negative impacts of any emergency. About the Author.

Crisis 58

Crisis Crisis Management Retail Budgeting 58

Harvard Business Review

JUNE 8, 2016

The question confronting Cisco and other companies is how to do that – how to speed the process of innovation, especially as technological change threatens to upend our current business models. To keep up, new standards, architectures, and infrastructures will have to develop at the same pace. Internal diversity.

Innovation 8

Innovation CAGR Diversity Risk Management 8

Harvard Business Review

SEPTEMBER 20, 2011

But their shame pales into invisibility compared to the humiliation inflicted on Switzerland's biggest bank. The acknowledged breakdown in systems oversight and risk controls is simply shocking. The board's own processes lacked accountability for evaluating the firm's risk exposures, assessments, and management.

Banking 9

Banking System Risk Management Review 9

Harvard Business Review

JUNE 20, 2014

This popular triumph of the “ heuristics and biases ” literature pioneered by psychologists Daniel Kahneman and Amos Tversky has made us aware of flaws that economics long glossed over, and led to interesting innovations in retirement planning and government policy. If only that would be true — then they could calculate the risks.

Uncertainty 10

Uncertainty Kahneman Banking System 10

Harvard Business Review

MARCH 26, 2015

But in the aftermath of the financial crisis, risk managers have become increasingly involved in business strategy and decisions. those without bank accounts), by adopting the more dynamic “customer life cycle” view. Use risk data as an avenue for innovation. The risk function can do the same.

Credit Scoring 8

Credit Scoring Risk Management Finance Marketing 8

Harvard Business Review

MARCH 5, 2012

I spend a significant amount of my time associating with a pro-business think tank that has been building an impressive database of entrepreneurs, small businesses, start-ups, and innovation-driven enterprises in Africa. On my part, I have a fresher and deeper appreciation for African entrepreneurship.

Entrepreneur 16

Entrepreneur Banking Supply Chain Globalization 16

Harvard Business Review

JULY 24, 2013

How are enterprises managing the spread and scope of total digitization? We at MIT CISR have found that enterprises are using one or more of three approaches to managing total digitization: convergence, coordination, or a separate digital innovation stacks approach. Separate Digital Innovation Stacks. Convergence.

CIO 9

CIO Organization Committee CTO 9

Harvard Business Review

DECEMBER 26, 2017

Think, for example, of the internal audit or occupational safety functions in general, or the risk management function in banks, as the Basel III regulatory framework stipulates that this function should be “under the direction of a chief risk officer (CRO), with sufficient stature, independence, resources and access to the board.”

Decentralization 8

Decentralization Efficiency Mintzberg Operations 8

Harvard Business Review

MAY 28, 2013

Not innovation, risk management, technology, debt, or the regulatory environment. Corporate directors identified talent management as their single greatest strategic challenge. banking & financial services, insurance, real estate); Health Care (e.g., And what did they say was their biggest concern?

Talent Management 8

Talent Management Company Telecommunications Management 8

Harvard Business Review

MARCH 1, 2017

But the solution to this innovation logjam has emerged: blockchain. Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions. Is this the end of banking as we know it? Insight Center.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

APRIL 25, 2017

While a sound approach to authentication is just one element of a proper approach to cyber risk management, any cyber initiative that does not include a focus on strong authentication is woefully incomplete. Authentication is in the midst of a wave of innovation, and new, better technologies will continue to emerge.

Policies 8

Policies White Paper Technology Incentives 8