Thursday, 14 July 2022
11:30 am South Africa time
Achieve Convergence of Finance & Risk in Banking
Preparing for the bank of the future: enrichment, unification and transparency of transactional data
In partnership with
Traditionally, the Risk & Compliance departments were separated from Finance. In an increasingly competitive and data-driven banking environment, fueled by increasing regulatory compliance demands, the unification of these functions is fast becoming a matter of business survival. This unification is desired to ensure the bank's performance is viewed through both risk and finance attributes simultaneously and at the same time through the lens of the respective internal players across the risk-finance-compliance ecosystem. The Banks approaching the convergence of Finance with Risk&Compliance with a data-first perspective stand to gain competitive advantages against a growing number of incoming fintech providers. A data-first approach allows the business to nimbly pivot continuous improvements in the said operations while navigating the need for higher granularity of performance tracking and performance attribution.
So what are some of the steps you could take today to address the convergence of Risk with Finance?
The key take-aways
Understand the end-to-end data model that empowers the agile, modern and integrated finance, risk and compliance ecosystem.
Gain insights into the data-driven integration of the risk-finance-compliance teams and how to structure the critical workstreams of the data transformation.
Explore blueprints of how other financial organizations have tackled this transformation through effective, incremental, and sustainable initiatives.
Plan your transformation around pilots that deliver quick results and then prioritizing use cases for short and medium timelines, before defining longer term goals.
This webinar is in partnership with
ORACLE FINANCIAL SERVICES
Oracle's Finance Modernization for Banking solution empowers the Office of the CFO with a modern, unified solution for accounting, performance, risk, and compliance. Kick-start your finance transformation with Oracle.