Risk Management Insights

I want to join the BLOG

Security Risk Management, Operational Risk, Risk Manager

Exploring the evolving role and scope of operational risk management in today’s dynamic landscape

Guest Blog by Shannon Harris, Senior Research Executive, Center for Financial Professionals

The Protecht Group will be exhibiting at the New Generation Operational Risk Europe Summit in London. Use code: PROTECHT20 to get 20% off the current rate.

In the past decade, the financial industry has rapidly changed and evolved leading to enhanced risk management practices. Operational risk is no different, as new and emerging risks enter the market it is often the strength of people, processes and systems which can enhance effective mitigation and management, but also pose the risk. The role and scope of operational risk is more diverse than ever as many strive for sustainable and long-lasting solutions.

For many individuals working within risk management, they are often faced with the difficult task of staying ahead in a fast-paced industry. 2018 has highlighted the importance of operational risk within financial institutions as regulators placed heightened emphasis on the need for worthwhile risk management practices, and more recently a much larger push for resilience. In addition, risk management is appearing more within the public arena as consumers are displaying an increased demand for security.

Read More

Press/Media, Protecht Culture

Thank you for an awesome 2018! 🎉

Firstly, thank you to all of our clients, followers and subscribers for your support over the last 12 months. It has been an incredible year of growth. To close off Protecht's 19th year in business, here's a round up of key events, milestones and stats from 2018.

Read More

Risk and Reward, Risk Reporting, Risk Data, Intelligence, Dashboards

Spaceships, Prince Charles and reporting truer business performance


  • The accountability of an organisation for its performance is limited by a narrow focus on its financial performance.
  • Developments in risk management and accounting provide a practical solution for measuring true performance using a mix of reward, risk and risk appetite.
  • Measuring true performance requires the measurement of both risk and reward across each stakeholder.

Read More

Protecht.ERM system, Protecht Culture

The Agility of Risk Management Software

You might be forgiven for thinking that those who provide Risk Management software must be cautious and plan out their product and their activities to the finest detail before setting out to develop quality product. In fact, I would argue that an agile approach to software development is the only way to fulfil client expectations in general and is perfectly aligned with a risk management culture in particular.

Read More

Risk Analytics, Risk Reporting, Protecht.ERM system, Video

Improve your risk management insights using Historical Models

In this video, Matthew Lee talks about how Protecht.ERM's historical models provide users with a better view of their enterprise risk management data.

Read More

Risk in Motion, Risk Reporting, Video

Is your risk management a little static?

How do we make decisions based on risk reward when the risk information is out of date? Traditional point-in-time reporting in risk management can result in an artificial view of how your organisation is doing. In this video, David Tattam talks about what you can include in a Risk in Motion report to create a dynamic risk profile of your organisation.

Read More

Protecht.ERM system, Protecht Culture, Video

How we use the Agile Methodology to help our clients

Protecht's People & Culture Manager, Cassie Thomson, talks to the Chief Technology Officer, Peter Walker about how the development team adopted the Agile Methodology to benefit our clients.

Read More

Enterprise Risk Management, ERM, Risk in Motion, Protecht.ERM system

Enterprise Risk Management - Connecting the Dots. RiskInMotion

Connecting the dots (in this case, the risks).

It has been a bit of a journey over the last 15 years. At Protecht, we started with the vision of a SaaS enterprise risk management solution that allowed connection of risk to the core components of what was back then, considered an ERM framework. This meant that our central library of risks was not only used in the risk and control assessments but also linked to key risk indicators, attestations and incidents. This enabled our client base to get a more fluid picture of risk and was the genesis of the RiskInMotion™ concept.
 

What was missing back then was the business intelligence engine to bring it all together.

Read More

Protecht.ERM system

How much do additional modules cost in Protecht.ERM?

In this video, Alf Esteban talks about one of the questions we get asked the most.

Read More

Decision Making, Video

Is risk management front and centre in your decision making?

In this video, David Tattam breaks down the questions you should be asking to better integrate risk management in your organisation's decision making.

Read More