Risk Control Framework – How much is adequate

In this episode of PayTech Bytes, we are joined by Naina Menon (Vice President – Fraud and Risk Management at Worldline India) discussing the importance of a robust risk management framework. She explains that risk control involves identifying, assessing, and mitigating risks through policies, procedures, and compliance measures. Naina clarifies that risk control is a subset of risk management, focusing on specific actions to reduce risks. While eliminating all risks is impossible, companies can minimize them to acceptable levels by staying informed and conducting regular assessments. She emphasizes that effective risk control is essential for sustainable growth and resilience. Naina concludes by highlighting the need for continuous vigilance and adaptability in risk management.

We hope you found the discussion on importance of a robust risk management framework educational. Stay tuned for the next episode of Paytech Bytes. You can reach us at ⁠⁠⁠⁠marketing.worldlineindia@worldline.com.