Sunday, 30 June 2024
Risk Technology Implementation Awards
TAB Global Risk Technology Implementation Awards are designed to identify and benchmark the best practices and achievements of outstanding risk management teams in financial institutions. The implementation of advanced risk technology stands as a cornerstone of responsible and effective financial management. We believe that pioneering risk technology not only safeguards the integrity and stability of institutions but also propels them towards innovative, efficient, and resilient operations.
Below is the scorecard for the Risk Technology Implementation Awards:
| Technology improvement |
|---|
| Improvement in system scalability, transaction/sec, number of users |
| System availability and uptime |
| Improvement in time to market |
| Is the system implemented on private, public or hybrid cloud, and on premise/off-premises? |
| Number of processes fully automated (#) and STP levels (%) |
| Number of new AI/ML models added |
| Digital enablement |
| Growth in active digital customers, and digital transactions |
| Operational efficiency |
| ROI from the project (%) |
| Reduction in operational cost, manpower and time saving |
| Business and customer growth |
| Growth in revenue, income, product and other relevant business metrics |
| Growth in customers, users and transactions volume and value |
| Improvement in customer experience - NPS, App rating etc |
| Improvement in customer product holding, cross sell rate |
| Risk management |
| Number and portion of reduction in risk incidents and related losses |
| Reduction in average time needed for risk assessment, compliance |
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