Sapient Offers Roadmap for Financial Services Firms

Sapient has teamed up with publishing company A-Team Group to release a new whitepaper, "Enterprise-Wide, Cross-Asset Risk Management Takes Charge: Convergence, Consolidation and Connectivity Pave the Way." The paper provides insight into the challenges of enterprise risk management for large and diverse organizations, particularly those in the financial services sector. The global economic downturn underscores the need for firms to evaluate their business practices and risk management systems, according to the Sapient, a business and information technology strategy firm. "Financial services firms have systems in place that lack the transparency and agility needed to understand, report and optimize the risks in their portfolios on a firm-wide basis," said Chip Register, senior vice president and managing director of Sapient's global Trading and Risk Management Practice. "A critical first step in defining and implementing an enterprise risk management infrastructure is a bottom-up systematic review of risk processes, policies and systems–from C-level, to trading, to operations."