Scaling Risk Management for Success

Rudy Rouhana

INTRODUCTION

In this chapter, the author will examine risk management within the context of emerging companies in the financial-technology sector, otherwise known as fintech. These companies continue to receive an abundance of interest from investors globally, with total investment in 2016 growing nearly 11% to over US$17 billion.11https://medium.com/@InnFin/global-vc-investment-in-fintech-up-10-9-7d672052c724 However, venture investment is inherently focused on innovation and growth, which can put risk and compliance functions at odds with a fast-paced organisation that perceives these functions as cost centres that inhibit the pace of development. To understand how to respond to this common dilemma, four topics will be detailed:

  1. the emergence of fintech: the factors that drove innovation away from established financial intuitions and into the hands of entrepreneurs;
  2. risk management needed on Day One: the consequences experienced by three prominent fintech companies that eschewed risk and compliance programmes early in their lifecycle;
  3. making the case for risk and compliance in the C-suite: the need for specialised professionals in senior leadership and how they can commu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: