During the last 40 years, risk management has evolved tremendously. The technologies and methodologies to measure risks have reached impressive levels of sophistication and complexity. However, the 2007 to 2008 financial crisis clearly demonstrates that substantial improvements in the way financial institutions measure and manage risks are still urgently needed. This chapter provides an analysis and discussion of risk management as well as several proposals on how the financial industry should evolve.

SIMILAR POSTS

  • 2 February 2024

    The power behind our SME risk models

    Insights from models based on 30 million data points In the intricate landscape of credit risk assessment, precision holds the [...]

  • 2 February 2024

    How ‘multi-search’ is revolutionising risk management

    Wiserfunding's most recent blog post explores how the ‘multi-search’ feature is revolutionising risk management, and why you can’t afford to [...]

  • KUKE and Wiserfunding partners

    25 January 2024

    KUKE selects Wiserfunding to digitise risk assessments

    KUKE, Poland’s Export Credit Agency and a leading supplier of trade-facilitating solutions, has selected Wiserfunding, a frontrunner in business credit [...]