Exploring Emerging Risks in the Financial Industry

Article

In an age of rapid technological advancement, the financial industry faces unprecedented risks and opportunities. Deniz Tudor, Head of Modeling at Bread Financial, sheds light on key challenges such as cybersecurity threats, evolving regulations, and geopolitical tensions as she explores how institutions can adapt by investing in innovation, building strategic partnerships, and ensuring AI literacy.

Oct 25, 2024

Deniz Tudor, Head of Modeling, Bread Financial

Exploring Emerging Risks in the Financial Industry

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Financial institutions must proactively invest in cybersecurity and stay ahead of emerging AI threats to protect against sophisticated cyberattacks.
Institutions cannot wait for regulations to catch up with technological advancements and should adopt a proactive compliance strategy with a focus on ethics and privacy.
Collaboration between fintech startups and established institutions will play a pivotal role in driving innovation in the financial sector.
Upskilling the workforce and promoting AI literacy is critical to mitigating the risks of growing inequality and ensuring that no one is left behind.