Catastrophe Strikes Fintech Landscape
In an unprecedented financial debacle, Evolve Bank faces turmoil after its partnership with Synapse imploded. Once managing around $10 billion in funds for fintech innovators like Stripe and Affirm, Evolve…
Risk Management is the process of identifying, assessing, and prioritizing risks followed by the coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. It involves systematically analyzing potential risks that could hinder the achievement of objectives and implementing strategies to mitigate these risks. This can include avoidance, reduction, transfer, or acceptance of risk. The goal of risk management is to protect an organization’s assets, ensure the safety of its operations, and promote sustainable growth by making informed decisions based on the evaluation of risks and their potential impact. Effective risk management is essential in various fields such as finance, project management, healthcare, and business operations.
In an unprecedented financial debacle, Evolve Bank faces turmoil after its partnership with Synapse imploded. Once managing around $10 billion in funds for fintech innovators like Stripe and Affirm, Evolve…