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March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
Risk is the effect of uncertainty on objectives. Often when there is risk, there can be both a positive and a negative outcome to a particular situation. However, because of the nature of non-financial risk management (NFRM), risk in this context usually has no potential positive outcomes and the focus is on potential negative outcomes. In contrast, in both credit and market risk, there is potential for both gain as well as loss.