Strategic Technology Risk
Information technology has changed banking. The power dynamics between financial institutions and their customers has shifted, and having a sound technology risk strategy is more important than ever. The importance of managing technology risk is only increasing following large scale outages experienced by financial institutions, such as Royal Bank of Scotland, DBS and Mizuho banks.
The failure of a firm’s technology strategy can, as in the case of Co-Operative bank, have a disastrous impact on a firm, its customers, staff and shareholders. Yet in the eagerness to develop a new corporate strategy, the integration of technology risk management and strategic objectives is often forgotten, or addressed too late; this book aims to fill this gap.
In Strategic Technology Risk, Pat McConnell examines the topical and important area of strategic technology risk management (STRM), or the risks posed to a firm by a failure to integrate technology into its strategic plans and business operations. The book will improve the management of technology risk within organisations by focusing on the processes of developing technology strategies that are totally embedded in corporate strategies.
The book is practical, rooted in real-world case studies and research into technology strategy development and risk management. Chapters include:
- Technology: Innovation, Convergence and Disruption
- Technology Strategy and Strategic Technology Risks
- Strategic Technology Positioning, Execution and Operations Risks
- Regulation of Strategic Technology Risks
- Strategic IT Baseline
- Core Systems Replacement Risks
- Management of Strategic Technology Risks
- Register of Strategic Technology Risks
In particular, the Register chapter is designed to save firms significant effort, time and as a result, money, in developing their own Strategic Technology Risk Register.
The book is aimed at board and senior-management level, those responsible for setting strategy and managing risks in an organisation and practitioners in the technology and risk-management organisations within financial institutions. It is also aimed at analysts and investors who are interested in investing in large corporations based on their long-term strategies.
|Publication date||31 Aug 2017|
PART 1: Concepts and Theory
1 Technology: Innovation, Convergence and Disruption
2 Strategy and Strategic Risk
3 Technology Strategy
4 Strategic Technology Risks
5 Stability, Flexibility and Standards
PART 2: Examples and Case Studies
6 Strategic Technology Positioning Risks
7 Strategic Technology Execution Risks
8 Strategic Technology Operations Risks
9 Core Systems Replacement
PART 3: Challenges, Governance and Regulation
10 Regulation of Strategic Technology Risks
11 Strategic Technology Governance Risks
12 Strategic Technology Risk Management
13 Strategic IT Baseline
14 Register of Strategic Technology Risks