After the recent economic downturn, many institutions are expanding into new, less familiar or higher risk strategies to grow profitably, which often results in increased exposure to operational and financial risks. At the same time, low interest rates have caused many institutions to evolve their asset mixes and funding profiles, increasing the income, credit and liquidity risks associated with future rate rises. In this challenging operating environment, Fiserv solutions for strategic risk management go beyond existing approaches to risk management, providing a real-time, comprehensive view of risk analysis for all strategic elements.
The old ways of managing risk are simply becoming obsolete. It is no longer adequate, for example, to identify and manage specific risks. Instead, institutions must view current and future risks in one comprehensive view. Strategic risk management does just that, helping institutions predict the possible impact of future changes, build effective strategies and dramatically increase control over business outcomes and overall performance.