Using emerging technologies to improve the risk management function

During a keynote panel at Risk USA, risk experts discussed several technology themes, focusing on how to leverage technology for better and faster decision-making in the risk function.

They discussed how the buy side, the sell side and their clients require access to the most innovative technologies, real-time analytics, and timely and accurate data to better manage risk.

In this paper, Numerix shares the topics and ideas that emerged from the panel discussion, including:

  • How the macroeconomic regime creates a need for more stress-testing and intraday monitoring of risk metrics, which requires a robust risk technology infrastructure
  • Using real-time data and analytics to make better business decisions and improve profitability
  • Making the most of artificial intelligence and the machine learning ecosystem to analyse large datasets, access data venues and conduct more sophisticated analyses
  • Using the cloud to transform from legacy systems.