Modelling Task Force News Today

Digital technology and data are all-pervasive in modern banking operations. However, while they are elevating efficiency and experience, they are also increasing security risks. Not surprisingly, nearly three-fourths of banking industry Chief Risk Officers rate cybersecurity risk among their top risk priorities for this year.

The way money is spent, transferred, or exchanged has changed over the last few decades. The consumer movement from cash-based transactions to cashless transactions has been a distinct change across all countries.