Why Traditional Risk Frameworks Are Failing in Financial Services

Article

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 Industry expert Sean Titley warns that outdated risk frameworks no longer work and firms must balance innovation with strong controls.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, former Director of Enterprise, Operational and Model Risk, Metro Bank (UK)

Tags: AI and Technology (including Fintech) Cyber

Why Traditional Risk Frameworks Are Failing in Financial Services

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Real-time risk assessments are now essential, replacing outdated annual reviews with continuous oversight.