Recent events have proven that social media should be integrated into banks’ risk-management programs, and that firms should deploy dedicated tools and proactive communication. Silicon Valley Bank’s collapse – as well as subsequent failures and recent hearings – taught the industry an important lesson: The havoc that negative social media chatter can wreak on banks […]
Tag: risk management
Financial institutions have increased their desire for technology that provides real-time data analysis, stress-test scenarios, and communication aggregation as they seek to protect themselves from risk. This year’s banking crisis continues to have ripple effects for banks’ technology strategies. After SVB’s collapse, enterprises are looking critically at their own risk management and planning to up […]