Modernizing and automating risk management delivers meaningful benefits, study says.

Banks are adapting their risk frameworks in response to COVID-19 disruptions.

The study, From Crisis to Opportunity: Redefining Risk Management, is based on a survey of 300 senior banking executives.

Key Findings

• More influential than regulatory requirements, COVID-19 is the No. 1 factor influencing banks’ risk modeling approach.

• 52 percent of banks say the pandemic has accelerated their modernization plans.

• Cloud deployments and analytics are cited as top investment priorities.