Outdated technology handles risk data poorly: Survey
Posted On: Sep. 30, 2021 9:36 AM CSTA new survey of 130 risk professionals from financial services firms outdated technology used by the industry can’t keep up with increasingly complex risk data, Commercial Risk reported. According to the survey by data automation firm Duco Technology Ltd. and the Professional Risk Managers’ International Association, 31% of the respondents found their existing technology too slow or expensive, with 19% saying their current technology was incapable of handling risk data.