https://www.taxtmi.com/news?id=28111 Boards must exercise active governance to steer banks through rapid technology-driven transformation by fostering responsible innovation, critically scrutinising management, and aligning strategy with risk appetite. Oversight must focus on business model resilience and mitigation of concentration risks, underpinned by risk management and data integrity through robust real-time systems and tailored stress-testing. Boards should ensure transparency over third-party dependencies, enforce customer-centric KYC implementation and grievance mechanisms, and prioritise talent retention and capability upgradation to preserve operational continuity and regulatory compliance. en-us Wed, 20 Nov 2024 10:17:40 +0530 Wed, 20 Nov 2024 10:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=28111 Boards must exercise active governance to steer banks through rapid technology-driven transformation by fostering responsible innovation, critically scrutinising management, and aligning strategy with risk appetite. Oversight must focus on business model resilience and mitigation of concentration risks, underpinned by risk management and data integrity through robust real-time systems and tailored stress-testing. Boards should ensure transparency over third-party dependencies, enforce customer-centric KYC implementation and grievance mechanisms, and prioritise talent retention and capability upgradation to preserve operational continuity and regulatory compliance. News - Wed, 20 Nov 2024 10:17:40 +0530 https://www.taxtmi.com/news?id=28111