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
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Online Access:http://irep.iium.edu.my/78282/1/IJCMI_Oct19_March2020_BotF_Enterprise%20Risk%20Management.pdf
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spelling my.iium.irep.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
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
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/78282/1/IJCMI_Oct19_March2020_BotF_Enterprise%20Risk%20Management.pdf
http://irep.iium.edu.my/78282/
http://www.researchpublish.com
_version_ 1662753806367064064
score 13.188455