Effective Risk                          Management in Banks                          Capitalize on IT Infrastructure Servi...
HIGHLIGHTS    IT Infrastructure for Risk       Management in Banks           The banking industry is witnessing a         ...
Managing IT Risks    • Risk management is very                                                         • Regulatory framew...
Understanding Basel     Basel is a set of banking regulations put     forth by the Basel Committee on Bank     Supervision...
3 Interconnected Pillars of Basel5                  © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
Common Operational IT Risks            Risk                                 Solutions                           Impact    ...
Leveraging Cloud Computing                            • Cloud computing has tremendous potential in                       ...
Conclusion                  • Continuous changes and updates in regulatory                    frameworks will result in in...
For more details please visit the link below:    http://www.wipro.com/documents/Capitalizing_on_IT_Infras    tructure_Serv...
About Wipro Council for Industry Research       Wipro set up the Council for Industry Research, comprised of domain       ...
About Wipro Technologies                    Wipro Technologies, the global IT business of Wipro                    Limited...
Thank You                              ©Wipro Limited, 2012. All rights reserved.                              For more in...
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Capitalizing on it infrastructure services

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IT infrastructure, which is at the bottom layer of the overall architecture, can enable compliance and risk management.

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Capitalizing on it infrastructure services

  1. 1. Effective Risk Management in Banks Capitalize on IT Infrastructure Services to manage risk better1 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  2. 2. HIGHLIGHTS IT Infrastructure for Risk Management in Banks The banking industry is witnessing a renewed focus on regulatory compliance frameworks like Basel II/III. IT infrastructure, which is at the bottom layer of the overall architecture, can enable compliance and risk management. IT infrastructure, security and cloud offerings can help banks better manage risks.2 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  3. 3. Managing IT Risks • Risk management is very • Regulatory frameworks critical to the functioning What Risks? like Basel II/III require of banks. adequate measures/controls to be • The recent downturn has in place to identify, highlighted the need for • The attack on World assess, track and careful identification and Trade Centre took down manage risks. management of risks in an entire data center and about 5000 desktops of a the banking industry. leading financial • IT infrastructure can institution. enable compliance and risk management. • The blackout of August 2003 in Manhattan Why Manage crippled around 320 data How To Risks? centers and affected over 240 financial institutions. Manage Risks?3 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  4. 4. Understanding Basel Basel is a set of banking regulations put forth by the Basel Committee on Bank Supervision. Basel III is slated for implementation by December 2019. The Basel Accord aims to produce uniformity in the way banks and their regulators approach risk management across national borders. Basel gives guidance on measuring risks by using methods such as Basic Indicator Approach, Standardized Approach and Advanced Measurement Approaches.4 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  5. 5. 3 Interconnected Pillars of Basel5 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  6. 6. Common Operational IT Risks Risk Solutions Impact Datacenter disasters Disaster recovery planning and management High Loss of sensitive data Intrusion detection and prevention services, High due to breach Data loss prevention Network threats and Unified threat management, security event High vulnerabilities log, security device management (eg: Firewalls) File based Anti-virus, anti-spam management, unified High threats/spyware threat management Operations risks, such Quality processes such as change Medium/High as human errors management to minimize errors and increased use of automation Online system Quality processes such as change Medium/High downtime management to minimize errors and increased use of automation6 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  7. 7. Leveraging Cloud Computing • Cloud computing has tremendous potential in business applications. In the banking sector, a number of factors need to be taken into account before cloud computing can be used to better manage these risks. • Stress testing used by financial institutions to assess financial risks form a good use case for variable compute workloads. Using cloud for stress testing will yield benefits such as: • No Capital Expenses • Pay as you go - Variable Costs • Quick Provisioning & Implementation • High Scalability Risk management and compliance will include the sphere of emerging technologies such as Cloud Computing, Mobility and Social Networks.7 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  8. 8. Conclusion • Continuous changes and updates in regulatory frameworks will result in increased spend on risk management and compliance. • Organizations will move to comprehensive, automated, continuous and auditable risk programs with added focus on using tools and automation for managing risks and compliance. • Analytics, Cloud Computing and Mobility will play an important role in risk assessment. • As banks go global with higher levels of risk exposure, there is a need for IT Risk Management to align with the overall Enterprise Risk Management.8 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  9. 9. For more details please visit the link below: http://www.wipro.com/documents/Capitalizing_on_IT_Infras tructure_Services_For_an_Effective_IT_Risk_Management_ in_Banks.pdf9 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  10. 10. About Wipro Council for Industry Research Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit www.wipro.com/insights or mail wipro.insights@wipro.com10 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  11. 11. About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com11 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
  12. 12. Thank You ©Wipro Limited, 2012. All rights reserved. For more information visit www.wipro.com No part of this document may be reproduced in whole or in part without the written permission of the authors. Wipro is not liable for any business outcome based on the views presented in this document. For specific implementation clients should take advise from their client engagement manager.12 © 2012 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL
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