There are numerous reasons why risk management is perplexing. But not least of which is that while everybody thinks it's a good idea to share information, nobody seems to want to step to the head of the line and lead.
With banks looking on from the sidelines, Archer Technologies jumped to the fore to build The Archer Community and The Archer Exchange. Each are online social networking sites for Archer's 82 clients - including 36 of the top 40 U.S. banks. The sites let customers exchange ideas and best practices for using the Archer's SmartSuite Framework application for automated risk governance, says Archer's vp of marketing and communications Alex Bender.