Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future

Umar, Nur Fadhilah and Ahmad Dahlan, Abdul Rahman (2020) Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future. International Journal of Management and Commerce Innovations, Vol. 7 (Issue 2). pp. 817-821. ISSN 2348-7585

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Abstract

The world is moving at a fast pace with the digital economy. A fourth industrial revolution has emerged, known as Industry Revolution 4.0. Just like autonomous cars promise to be the norm one day, the bank of the future will be mostly digital. However, together with the opportunity, this will also bring with it many new challenges such as cyber-threats. Cyber-threats have been targeting the financial sector worldwide. Downtime can cause widespread disruption and massive damage to an organization's services, bottom line and reputation. Banks are also exposed to market risk, interest rate risk, credit risk, liquidity risk, and operational risk. For any bank, the measurement and management of risk is of the utmost importance. This article will discuss on the business model of the Bank-of-the-Future (BotF), the risk and challenges, as well as the enterprise risk management by using business model canvas (BMC) framework to develop BotF business model options.

Item Type:	Article (Journal)
Additional Information:	6250/78282
Uncontrolled Keywords:	Bank of the future, Digitalization, Technology, Banking Sector, Enterprise Risk Management, IR4.0, Business Model, Business Model Canvas.
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HD Industries. Land use. Labor > HD72 Economic growth, development, planning L Education > L Education (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Information and Communication Technology > Department of Information System Kulliyyah of Information and Communication Technology > Department of Information System
Depositing User:	Mr Abdul Rahman Ahmad Dahlan
Date Deposited:	05 Feb 2020 15:55
Last Modified:	05 Feb 2020 15:55
URI:	http://irep.iium.edu.my/id/eprint/78282

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