Financial institutions are increasingly adopting a risk-based approach to prioritise controls concerning technology risk and cyber risk. In addition to this, there is a constant pressure on organisations, particularly financial institutions, from regulators to better articulate their risk appetite. However, the question remains: can organisations genuinely formulate strategic, unbiased decisions regarding the implementation of controls, considering their tolerance for technology risk and cyber risk? 

A clear risk appetite framework is the cornerstone of successful risk-based management. This is where our Risk Appetite Framework solution comes into play. A tool to support management’s strategic decision making process, risk-based management compares risk against an organisation’s risk appetite to identify areas requiring additional technology and cyber controls. Our structured, comprehensive risk appetite framework is synchronised across your business, technology function, and the second line, offers various advantages. The objective is to diminish the residual technology and cyber risks to a level acceptable to the business.