the new risk context for mnc banks and possible mitigating approaches

RISK 2.0

Selena Sol presents…..

selena@selenasol.comhttp://www.linkedin.com/pub/eric-tachibana/0/33/b53

http://www.slideshare.net/selenasol

The new risk context for MNC banks and possible mitigating approaches

• Multi Device - Multi Application• Global Mobility with instant access• Social Mediafication of everything• The Apple Experience

It’s a great time to be a customer

• Compliance Cloud & Economic Doldrums• Legacy Platform Spaghetti• Low Morale• Big, Unstructured Data

It’s not such a great time to be us!

The chasm of context generates high risk • Data Privacy & Identity Theft / Fraud

• A new bar for Availability • Brand Control• The migration of talent to what’s hip

5 suggestions for dealing with risk

Simplify the platform• Stop whining and just do it before the business

picks up and it is too late• Leverage everything-as-a-service• Rip out the derailers in middle mgmt• Get financial transparency of IT (biz cases)

Dude, slow down• Pioneers are the guys with arrows in their

backs. First mover is usually a disadvantage• But have a fast-follower plan• Agile product management means launch

small but often, listen, and iterate.

Leverage value-chain innovation• Focus less on product innovation and more on value chain &

business model innovation (Amazon and long tail model or Toyota and lean supply chain)

• Our industry should be more collaborative with non-value operations

Invest in data visualization

Invest in targeted corporate ventures• Looking for huge markets in meat space is harder and

harder• Virtual currencies and markets will need all the same

financial products and services• Invest in a few good learning projects ASAP

Entrepreneurship.