Tag: orx

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

ORX, a global association of operational risk professionals, has launched the world’s first industry-wide Controls Library for operational risk.