The fast track

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Banks everywhere are sending directives down through their organisations: improve controls and risk processes, and reduce budgets - and do it now. Banks must take urgent measures to plug holes in risk management, and where they are not initiating such projects themselves, regulators are on their backs to see it done.

Improving controls often means automation, which in turn means new or upgraded IT systems. But technology implementations are notorious for bloated budgets and broken deadlines. Tha