RIMAN Encourages Banks To Invest More In Technology

The Risk Managers Association of Nigeria has recommended banks invest more in risk assessment technology in order to reduce the risks associated with digitization in the banking sector. Mr. Magnus Nnoka, President of RIMAN, mentioned this at the association’s 20th annual international conference, where stakeholders discussed risk management in the digital world. “The rise in digital assets and channels has resulted in emerging and evolving risk types, so we are seeing increased digitization of risk,” Nnoka added. “Even as organizations strive for greater digitization, we can easily identify a few roadblocks along the way, including legacy information assets, organizational culture, […]