Banking's Digital Transformation: The Confident Pursuit of Opportunity in the Face of Rising Risk

The age of digital transformation has arrived, revolutionizing the financial services industry with new ways of doing business anytime, anywhere. Financial institutions must decide to pursue the opportunities digital transformation presents, or focus instead on the risk it creates. This paper describes a third alternative in which opportunity and risk are not either-or choices, but rather two sides of the same coin. From that perspective, the ability to manage the risk of fraud can become what frees organizations to embrace business opportunity.