Banks and financial service providers are under great pressure to transform and at the same time ensure stability. The second issue of „New Ways“, our magazine for the banking sector, shows how institutions are strengthening their resilience by mastering the management of geopolitical risks, the innovation potential of artificial intelligence (AI) and the challenges of AI-powered cyber security.
One thing is certain:
In times of geopolitical upheaval, risks are more interconnected, more dynamic and less predictable than ever before. Traditional risk management methods are increasingly reaching their limits. In future, it will be essential to adopt a forward-looking approach that sees resilience as a strategic imperative and not only identifies risks, but anticipates them. The function of an emerging risk manager and AI-supported analyses play a key role in this – they enable real-time detection, scenario planning and the integration of risk perspectives into strategic management, as our experts point out.
AI can become a decisive factor for banks and financial service providers in mastering this complexity. However, implementation is challenging: without a clear roadmap, robust governance and a reliable database, the potential remains untapped. Our AI playbook shows how banks can introduce the technology in eight structured steps - from vision and use case prioritisation to empowering the workforce. At the same time, AI also brings with it new dangers: it is fundamentally changing the cybersecurity landscape. Attacks are becoming more automated, more precise and more difficult to detect. For banks, it is therefore important to use AI not only for innovation, but also for defence measures - embedded in a holistic security concept. Issue two of „New Ways“ provides you with valuable impulses and practical recommendations for action.
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Dr. Matthias Mayer
Partner, Financial Services, FS Chief Solution Officer und Chief Markets Officer
KPMG AG Wirtschaftsprüfungsgesellschaft