Person
1 episodes · 7 quoted claims
Five to ten years ago, third-party risk at banks typically meant due diligence questionnaires for the top forty to fifty vendors.
“third party risk meant that you had a due diligence questionnaire that you did for your top, uh, forty to fifty vendors.”
Per McKinsey's CRO flash survey, only a quarter of banks can map their fourth and fifth parties end to end.
“only a quarter of the banks can map end to end their fourth and fifth parties”
Individual providers have been seen supporting more than thirty processes across a single bank.
“we've seen also that individual providers present more than thirty processes across a single bank.”
Airlines contribute incident data to a common exchange so that every operator benefits from others' near misses.
“airlines, um, they, for instance, contribute incident data to a common exchange, so every operator then benefits also from from each other's near misses.”
In healthcare, quality is measured by patient outcomes rather than adherence to a checklist.
“quality, for instance, is measured in terms of patient outcomes in the healthcare industry.”
Nuclear utilities build digital instances of their physical infrastructure to model how a single failure propagates.
“nuclear utilities, they tend to build also digital instances of their physical infrastructure.”
Björn Nilsson said a full enterprise digital twin for a bank is not yet in production anywhere.
“there's a full enterprise twin is not yet in production anywhere.”