The World Has Changed: How You Should Assess Your Risk Appetite

In the last twelve to twenty-four months, an increase in innovation has led financial institutions to new, exciting business ventures—including cryptocurrency, financial technology (fintech), sports and casino gambling, and cannabis—that present potentially lucrative sources of revenue.

However, although these opportunities may allow financial institutions to increase their profitability quickly through new products, services, and offerings, each endeavor brings risks and challenges that most banks have not experienced previously.