How can banks drive value from risktech investment?

Effective investment and innovation in risk technology is seen as a key point of competitive differentiation for banks. But, with competing business priorities and fuzzy objectives, risk teams struggle to derive maximum value from existing risktech tools and systems.   

Jeroen van Doorsselaere, vice-president, global product and platform management, and Steve Hostettler, director of technology at Wolters Kluwer Finance Risk and Regulatory Reporting, discuss the key findings from a recent Risk.net survey exploring the challenges, priorities and trends influencing risk teams’ investment decisions and strategies today, and share their thoughts on how they can drive better value in the future.

 

00:35 Objectives of risktech investment for banks

01:43 Objectives of the Risk.net/Wolters Kluwer FRR risktech survey

02.20 Risktech as competitive differentiator

04.27 Common problems with existing tools and tech

07.46 Timelines and priorities for investment in risktech

13:20 Short-term business needs versus long-term innovation

15:00 Cloud benefits and usage

18:28 The role of new technology

21:05 Five key takeaways

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