Integrating Risk, Fraud, and Technology: Evolving the Risk Assessment Process

In this episode, Elliot Berman and Jeff Fischer delve into how financial institutions can modernize their risk assessment practices by integrating fraud and AML considerations, responding to regulatory change, and leveraging data more effectively. They discuss the importance of aligning assessments with organizational risk appetite, embracing technology and automation, and adopting a dynamic, proactive approach to risk monitoring. From targeted product assessments to continuous dashboards, this conversation outlines how to streamline complexity while maintaining robust risk intelligence.