Risk Management Insights

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Rajes Selvanathan, Senior Risk Advisor, Protecht

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Recent Posts

Security Risk Management, information security management, Risk Management

Cloud Computing- Food for Thought


The move towards cloud computing is exciting for many businesses. Not only are they able to realize cost savings through lesser maintenance of their own IT systems, many cloud tools enable new levels of sharing, collaboration and ease of access, which can transform the way businesses work.

However, wider adoption of cloud computing leads to increased scrutiny, both from users and regulators. The availability, integrity and confidentiality of data remains critical for any business regardless of whether it is stored on site or in the cloud. Thus prior to entering any hosting or cloud arrangement, companies should have a robust process in place to evaluate the service.

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Compliance Management

Is Technology the Key to Managing Compliance?

Once viewed as a luxury, the use of technology for compliance management within the financial services industry has now entered mainstream. The complexity of reporting obligations combined with the need for better document management, data security and effective communication has created the need for financial services firms (“FSFs”) to use technology as a means for better managing and running their compliance program. This article explores how FSFs, and any other regulated entity, can benefit from integrating technology to create a more effective and efficient compliance management process within the organisation.

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Enterprise Risk Management, Risk Management

Is your business really safe without a professional risk management plan?

“The management of risk is often seen as a compliance issue by business owners (do what the law requires) whereas, in reality, it is a fundamental business management issue (do what best practice requires)”, says Rajes Selvanathan from Protecht. A well prepared risk management plan is important to identify potential risks to your business, to quantify their individual importance and their likely impact on your business, and to develop a strategy to deal with specific risks to your business in an appropriate manner.

There are a few essential steps every business needs to undertake in order to develop a risk management plan. 
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