Banks are picking up the pace to adopt technology that can provide holistic views of their risk after a spate of failures in the industry this spring raised questions around the state of institutions’ operational resilience.
Jim Wetekamp, CEO of Riskonnect, said that he’s seen banks seek increased breadth and depth in risk management technology, including increased agility to keep up with changes in a client segment or line of business, and third-party oversight systems following recent regulator guidance.
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