The Shift from Preventing Risk to Enabling Risk-Adjusted Rewards
There’s a delicate balance between balancing risk and reward. Michael Reed, Chief Risk Officer at WSFS Bank, emphasizes how risk managers can partner with business owners to achieve “risk-adjusted rewards.”
In this episode, Reed explains how to bring risk teams and business owners together to achieve an informed decision. He also discusses the importance of end-to-end digital transformation to create an optimal customer experience and evaluating the right fintech partnerships to help achieve this goal.
We discuss:
The philosophy of providing risk-adjusted rewards rather than preventing risk…
The skinny
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