<span style=“color: rgb(51, 51, 51); font-family: " mckinsey=”" sans",="" “helvetica=”" neue",="" calibri,="" corbel,="" helvetica,="" roboto,="" droid,="" sans-serif;="" font-size:="" 20px;"="">Among banking activities, one of the biggest areas of opportunity for cloud computing is risk management, both for financial risks (such as credit, market, and liquidity) and nonfinancial risks (cybersecurity, fraud, financial crime). At a time when risk management leaders are being asked to process greater amounts of data in shorter amounts of timeâoften amid budget and staff constraintsâcloud computing could unlock considerable benefits. It can help risk teams react rapidly to changes in the external environment and dive deeper into the analytics life cycle (exhibit) to better understand the drivers of risk, all without major capital expenditures.
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