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Why Traditional Risk Frameworks Are Failing in Financial Services
Emerging technologies like AI and blockchain are reshaping risk management, demanding real-time oversight and smarter governance. Industry expert Sean Titley warns that outdated risk frameworks no longer work and firms must balance innovation with strong controls. Without proactive strategies, financial institutions risk falling behind.
Feb 17, 2025
Sean Titley, Deputy CRO, The Bank of London
Tags:
AI and Technology (including Fintech)
Cyber
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
- Risk management
must shift from a compliance-focused function to a strategic partner in
business decision-making.
- AI is
transforming risk monitoring, but firms must ensure governance keeps pace with
innovation.
- Cybercriminals
are exploiting AI faster than regulators can respond, making proactive risk
strategies critical.
- Real-time risk
assessments are now essential, replacing outdated annual reviews with
continuous oversight.
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