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

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 b...

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Main Authors:	Umar, Nur Fadhilah, Ahmad Dahlan, Abdul Rahman
Format:	Article
Language:	English
Published:	Research Publish Journals 2020
Subjects:	H Social Sciences (General) HD61 Risk Management HD72 Economic growth, development, planning L Education (General)
Online Access:	http://irep.iium.edu.my/78282/ http://irep.iium.edu.my/78282/ http://irep.iium.edu.my/78282/1/IJCMI_Oct19_March2020_BotF_Enterprise%20Risk%20Management.pdf

id	iium-78282
recordtype	eprints
spelling	iium-782822020-02-05T07:55:43Z http://irep.iium.edu.my/78282/ Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future Umar, Nur Fadhilah Ahmad Dahlan, Abdul Rahman H Social Sciences (General) HD61 Risk Management HD72 Economic growth, development, planning L Education (General) 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. Research Publish Journals 2020-01-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/78282/1/IJCMI_Oct19_March2020_BotF_Enterprise%20Risk%20Management.pdf 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 http://www.researchpublish.com
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HD61 Risk Management HD72 Economic growth, development, planning L Education (General)
spellingShingle	H Social Sciences (General) HD61 Risk Management HD72 Economic growth, development, planning L Education (General) Umar, Nur Fadhilah Ahmad Dahlan, Abdul Rahman Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
description	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.
format	Article
author	Umar, Nur Fadhilah Ahmad Dahlan, Abdul Rahman
author_facet	Umar, Nur Fadhilah Ahmad Dahlan, Abdul Rahman
author_sort	Umar, Nur Fadhilah
title	Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
title_short	Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
title_full	Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
title_fullStr	Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
title_full_unstemmed	Enterprise Risk Management in The IR4.0 Era: Designing Business Model Options for Bank-of-the-Future
title_sort	enterprise risk management in the ir4.0 era: designing business model options for bank-of-the-future
publisher	Research Publish Journals
publishDate	2020
url	http://irep.iium.edu.my/78282/ http://irep.iium.edu.my/78282/ http://irep.iium.edu.my/78282/1/IJCMI_Oct19_March2020_BotF_Enterprise%20Risk%20Management.pdf
first_indexed	2023-09-18T21:50:19Z
last_indexed	2023-09-18T21:50:19Z
_version_	1777413724903047168

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

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