RiskBusiness International: Designing Industry Leading ERM Solutions

In this era of constant digitalization of business activities, organizations have to continually keep pace with technological evolutions resulting in change of existing framework, leading to security threats. There are new issues in the cyber security landscape such as cyber espionage and cyber terrorism that are constantly challenging business growth. Meanwhile, developing technologies also affect the regulatory environment with different forms of privacy laws coming into play in different jurisdiction, often conflicting with each other. Therefore, in totality the environment is becoming demanding for a CIO who has to look at all the aspects equally for the organization to prosper. Addressing these business risks, improving business process efficiency, quality and consistency is UK based RiskBusiness International. RiskBusiness is an international risk advisory firm specializing in the design and delivery of industry leading operational and enterprise risk management (ERM) solutions.

“Risk management is an evolving discipline, which has grown in close parallel with the business exercises of the financial services industry,” says Mike Finlay, CEO, RiskBusiness International. Additionally, the company provides insurance structuring and risk transfer, internal and public loss data, taxonomy translation, risk and control registering, and loss data consortium services. The firm caters to banks, insurance, brokerage, regulators, technology, and developmental aid and agricultural companies. “We have small bespoke teams of people who are experts in what they do,” adds Finlay. The RiskBusiness team consists of seasoned industry players who have proven experience in designing, implementing, and maintaining leading risk practices. For example, an organization looking for information security will get a consultant that was previously involved in the intelligence community.

RiskBusiness has developed a range of products and services for its clients that facilitate the management and measurement of operational risk within an enterprise risk environment. The company partners with clients to align stakeholders, review and evaluate existing risk architecture, design customized content specific to their needs, provide risk tools and design, pilot and implement enhanced risk programs. RiskBusiness also provides taxonomies and integrated classification structures, designed to facilitate the successful adoption of risk solutions by business management and to enable the integration of governance, risk, and compliance management.