Banks automating risk see benefits, including reduced costs
Only 6% of banks have automated large portions of risk modeling
Banks are slow to automate risk management, but a majority of those that have done so report benefits such as reduced costs, greater accuracy, increased speed and improved compliance. Of the 300 financial services professionals surveyed by the analytics vendor SAS, 20% were at banks that have “gone further than the rest in automating risk-modeling […]
