WEBVTT

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- Financial institutions
everywhere face challenges

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and risk in today's volatile macroeconomic

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and geopolitical environment,

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including shifting regulatory frameworks

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and rapid technological advancements.

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These challenges have put
increasing pressure on chief risk

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officers as they attempt to stay
ahead of regulatory changes

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and ensure rigorous
governance. In the process,

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they are often burdened by manual tasks

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and ineffective reconciliations,

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resulting in slower
risk model development,

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and less effective risk detection systems.

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What if we were to reframe
the way chief risk officers

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are addressing these challenges?

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- Fintech is no longer just an innovation.

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It's a transformative force
driving a new era in finance,

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unlocking ecosystems, breaking down silos,

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and turning competition
into collaboration.

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Open banking was the beginning.

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Open finance is the evolution.
For financial institutions,

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this isn't a threat, it's
a catalyst for invention.

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Since 2021, over 9,500

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Fintech startups have emerged worldwide

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with nearly 40% based in the US

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and strong innovation hubs
appearing in Europe, led

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by the UK, Germany, and France.

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Among them, regtech startups
are transforming risk

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and compliance, helping
institutions automate controls,

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reduce costs, and respond
rapidly to regulator demands.

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- From a bank's perspective, partnerships

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with Fintech startups
bring major benefits,

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including faster innovation,
a new competitive advantage,

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outsourcing learning opportunities,

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and business model evolution.

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Conversely, Fintech
startups enjoy opportunities

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to enter new markets,
access broader networks,

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boost brand awareness, and
expand the product portfolio.

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- These partnerships
provide tremendous support

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for chief risk officers with
a focus on data governance

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software and model life cycle
accelerators, as well

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as regulatory intelligence platforms

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and emerging risk intelligence services,

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helping chief risk
officers manage risk more

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proactively and efficiently.

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- As chief risk officers
take on new challenges

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and risks in ever-changing global markets,

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viewing Fintech startups

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as potential partners
rather than competitors

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may be just the shift
we've been looking for.