Page 4 - RMAI Bulletin July 2024

RMAI BULLETIN JULY 2024

Content About us

Risk Management has assumed great significance in the
How Robotics is Changing the Face of global economic scenario. More and more companies are
Indian Banking: An In-Depth Analysis recognising the need of implementing the concept in
Rajat Mehrotra 3 their organisation.

Fraud Risk Management and the COSO Unless risk is monitored properly the very existence of
Internal Control Framework business may be at stake. The technological advance-
Aniket Kirtiwar 7 ment has revolutionised the ways of doing business but
at the same time has posed new challenges to manage
Top Emerging Risks and Possible and contain risk.
Ways to Mitigate
Tarun Kumar 9 In western countries Risk Management is an important
area which has attracted the attention of Bankers, Insur-
Role of Risk Management professionals ers, Financial Institutions, Government, business houses,
in Emerging Economies in forecasting the imminent risk in undertaking any
Yash Agarwal 13 project/work and taking suitable precautions to avoid or
minimize the adverse impact of risk.
Managing Innovation Risks
Vuthy Keo 16 However in India though the importance of Risk Man-
agement has been recognized but no concrete step has
Emerging Risk Project been taken to establish it as integral part of activity so
Yash Gupta 20 that risks may be perceived in advance and suitable
measures be taken to avoid it.
Biggest Risk management Failures?
Causes, Remides, Lessons In order to respond to the future challenges, Risk Man-
Shreya Shukla 23 agement Association of India has taken the onerous
responsibility to create a platform for Risk Professionals,
Financial Risk Insurers, Bankers, Corporates to exchange latest news,
Vivek Srivastava 27 articles, resources relating to risk management, encour-
age research and development, provide certification to
AI-assisted safety on the speedways 32 members, provide courses on risk management, conduct
webinars, Conferences etc.
Glossary 34

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