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AI in operational risk: from ideas to impact

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Risk teams are moving beyond AI experimentation and into real-world applications. A year after our report on digital ONFR management, the ORX Data Science Working Group convened with experts from 16 firms to assess progress. The conversation revealed that leading firms have moved beyond ideation and are actively developing proof-of-concept (POC) models. 

With a clearer understanding of AI’s capabilities, these firms are focusing on building practical use cases and improving data quality and aggregation to support them. The September meeting centred on how AI is being deployed to boost efficiency, enhance data access, and embed models into day-to-day risk management. 

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