How can you make risk technology accessible to all stakeholders in Investment Banking?

2 Simplify the design

The second step to making risk technology accessible is to simplify the design and user interface of the risk systems and tools. This means reducing complexity, clutter, and confusion, and enhancing clarity, consistency, and usability. You can use design principles such as minimalism, modularity, and responsiveness to create intuitive and user-friendly risk dashboards, reports, and alerts. You can also leverage visual aids such as charts, graphs, and icons to display risk information in an easy-to-digest format.

3 Empower the users

The third step to making risk technology accessible is to empower the users to customize and control their risk experience. This means giving them the option to choose, filter, and modify the risk data, metrics, and scenarios that are relevant to them. You can also provide them with the tools and guidance to create, share, and collaborate on their own risk models, analyses, and insights. By empowering the users, you can increase their engagement, confidence, and satisfaction with risk technology.

4 Automate the processes

The fourth step to making risk technology accessible is to automate the processes and workflows that involve risk data collection, validation, calculation, and dissemination. This means using technologies such as artificial intelligence, machine learning, and cloud computing to streamline and optimize risk operations. By automating the processes, you can reduce human errors, delays, and costs, and improve accuracy, speed, and scalability of risk technology.

5 Educate the stakeholders

The fifth step to making risk technology accessible is to educate the stakeholders on the benefits, features, and best practices of risk technology. This means providing them with the training, documentation, and support they need to use risk technology effectively and efficiently. You can also use communication channels such as newsletters, webinars, and podcasts to share risk stories, tips, and updates with the stakeholders. By educating the stakeholders, you can increase their awareness, understanding, and adoption of risk technology.

6 Innovate the solutions

The sixth step to making risk technology accessible is to innovate the solutions and keep up with the changing needs and expectations of the stakeholders. This means soliciting feedback, testing ideas, and implementing improvements to enhance the performance, functionality, and value of risk technology. You can also explore new technologies such as blockchain, big data, and biometrics to create novel and disruptive risk solutions. By innovating the solutions, you can differentiate yourself, delight your stakeholders, and stay ahead of the competition.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?