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Managed services - Deloitte

Managed servicesA catalyst for transformation in banking A report by the Deloitte Center for Financial ServicesDeloitte Risk and Financial Advisory s Managed Risk services brings together people, processes, and technology to provide clients with world-class risk management solutions on an ongoing and long-term basis, so that business leaders can focus on critical challenges that are core to their growth mission. Leveraging domain expertise, Managed Risk services delivers scalability, reliabil-ity, higher performance, repeatability, and predictable pricing outcomes.

Think about cybersecurity, a function typically managed in-house. In 2016, financial services industry firms incurred an average cybercrime cost of $16.5 million, the highest across all industries.14 This functional area not only poses a high degree of enterprise risk, but is also growing in complexity. In

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