For many banks today compliance has ceased to be just a business requirement; many are now identifying it as a business opportunity, one which can provide competitive advantage – so what is driving this change?
The “maverick days”, where banks saw record profits, are over says Paul Gibson, Director of sales, key accounts, for analytical applications at Oracle in this thought provoking video. Today, the more enlightened banks know that they need to make operations more efficient. Banks are now looking at data and processes as an asset rather than a liability, says Gibson. While, ultimately, banks will need to establish an overall risk framework that allows risk management to be treated more holistically. To find out more download a copy of the Oracle report “From compliance to competitive advantage” now.
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