Automation of the risk management process

Bosu, Michael Franklin, (2018) Automation of the risk management process. November 2018.

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Abstract or Summary

Many changes occurred in financial institutes within the past few years in the Risk Management (RM) procedure to streamline the risk function. Reason being that benefit of safety given to the organization by early identification of risks. However, identifying a suitable automation software solution is challenging. Secondary data collection and structured interviews are used as the methodologies for data gathering in this report. This reports consist: A literature review with overview of RM; a comparison of RM software available in the market; the organizational context of a credit union called First Credit Union (FCU); analysis of how RM performed in other financial institutes, problems identified in the RM process of the FCU in Hamilton, a detailed description of objectives, envisioned benefits for the organization by implementing a RM system called “TriLine GRC”, alternative solutions, distinguishing features of TriLine, justification for selecting TriLine GRC, a reflection of the development process and limitations. The key findings include the distinguishing features, benefits of TriLine GRC compared to other alternative risk management automation systems in the market and the limitations of TriLine GRC identified in the testing phase of the implementation.

Item Type:Supervise fellow researcher or student work
Subjects:Q Science > Q Science (General)
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Information Technology
ID Code:6574
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Deposited On:14 Dec 2018 03:04
Last Modified:18 Dec 2018 02:17

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