Smarter Merchant Monitoring with Dynamic Risk Assessment
Acquiring banks often face the challenge of balancing merchant satisfaction with risk management. On one hand, they aim to keep merchants happy by enabling quick payouts. On the other, they must protect themselves from financial losses if a merchant’s risk profile unexpectedly shifts. Dynamic risk assessment plays a crucial role in safeguarding acquirers while supporting…
The Risk and Remedy: AI’s Role in Managing Uncertainty
Artificial intelligence (AI) is a relatively new field that has rapidly evolved into a major influence on the strategic direction of organizations. Its significance extends far beyond automation, enhancing complex decision-making processes. AI is both a risk and a tool for managing risk—a paradox that organizations must confront as they navigate the landscape of 2024…
Enhancing Trust and Reliability through Data Quality and Lineage
As organizations continue doubling their reliance on data, the question of having credible data becomes more and more important. However, with the increase in volume and variety of the data, high quality and keeping track of where the data is coming from and how it is being transformed become essential for building credibility with the…
Debunking Myths On Managing Risks in Technology Investments
Introduction In the rapidly evolving landscape of technology investments, myths, and misconceptions can cloud the judgment of even the most astute investors. As we navigate through the complexities of emerging technologies, it’s crucial to separate fact from fiction. Here, we aim to debunk some of the most persistent myths surrounding the management of these risks….
Becky Parisotto, VP, Commerce & Retail Platforms at Orium – AITech Interview
Becky, please provide a brief overview of your role and expertise within Orium, particularly in assisting commerce and retail brands with their digital transformation journey? I’m the VP Digital Programs at Orium, which means I’m the executive sponsor for all projects and programs that fall within this line of business. The duties of an executive…
Mitigating Business Disruption: The Role of Cyber Crime Insurance in Incident Response
Businesses leveraging digital landscapes for their business operations face a relentless and sophisticated adversary – cybercrime. The increasing frequency and severity of cyberattacks emphasise that bolstering cybersecurity defences alone is insufficient. A comprehensive approach to risk management becomes paramount, compelling businesses to develop strategies and practices for efficiently addressing data breaches and other cyberattacks. The…