Moody’s Talks: KYC Decoded cover image

GenAI unlocked: A new future for traditional risk departments?

Moody’s Talks: KYC Decoded

CHAPTER

The Evolution of Risk Management in Finance

This chapter explores the transformation of risk departments in financial and insurance sectors, emphasizing the merging of various risk expertise fueled by technology and data accessibility. It discusses the impact of Generative AI on democratizing risk management processes and enhancing collaboration between different risk domains. The conversation also addresses the challenges and opportunities presented by shifting from reactive to predictive risk management approaches.

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