Answer:
It’s essentially your plan of action, detailing everything from covered products and services to control assignment and plan effectiveness, and even gaps and problem areas. It’s the full risk management program you detail and the Board of Directors regularly reviews and approves, as well as the results of your risk management initiatives. It’s everything from the bank’s strategic objectives related to mobile financial services to risk identification and risk management.
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Learn more about Rayleen Pirnie’s webinar Mobile Services Risk Management
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