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Cyber Attack or Data Breach
Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
Industry Overview
Financial Institutions
Building Resilience to Support Growth
Expanding global wealth and advancements in technology provide financial institutions with opportunities to grow in new markets, but also create risk and human capital challenges that require innovative solutions.
From the volatility created by climate change to geopolitical and financial headwinds to significant organisational threats in the form of regulatory pressures, cyber threats and shifting workforce expectations, the pressure is on across the industry.
The key to achieving success will be agility and resilience. Organisations in the industry face the challenge of assessing and managing their approach to both human and operational risk—including, adopting greater agility through innovation, anticipating future exposures and optimising risk management to create the organisational resilience necessary for growth.
Top 5 Current Risks
According to our latest Global Risk Management Survey, the biggest risks facing the Financial Institutions industry include:
FinTech Insurance
Helping founders and C-suite FinTech leaders grow resilient businesses.
Creating new products or services underpinned by new technologies and business models is likely to increase the risks faced by a company, its directors and its investors. In many jurisdictions, directors face unlimited personal liability and companies face a range of operational risks, as well as risks relating to intellectual property and regulatory and transactional liabilities.
Report
Better Decisions on Risk Capital and Human Capital for Financial Institutions
Increasingly complex and interconnected global changes continue to unsettle markets and drive economic uncertainty. From regulatory pressures, cyber threats and labour shortages to compressed economic growth and a global climate crisis, pressure on financial institutions (FIs) is mounting on multiple fronts.
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