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Questions and Answers
What are some examples of technological innovations that financial institutions have invested in?
What are some examples of technological innovations that financial institutions have invested in?
Internal and external communications, computers, and expanded technological infrastructure
How are operational risk and technology risk related?
How are operational risk and technology risk related?
Operational risk is partly related to technology risk and can arise when existing technology malfunctions or back-office support systems break down
What are back-office support systems used for in financial institutions?
What are back-office support systems used for in financial institutions?
Back-office support systems are used to provide clearance, settlement, and other services to the financial institution's underlying transactions
What is the relationship between technology and operational efficiency in financial institutions?
What is the relationship between technology and operational efficiency in financial institutions?
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What is the impact of technological innovation on profitability for financial institutions?
What is the impact of technological innovation on profitability for financial institutions?
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