ProSight’s Tech Risk Framework Matures With the Industry

A new revision to ProSight’s Technology Risk Framework refines terms and guidance introduced when the tool was first published in 2020 while increasing flexibility to fit the diverse taxonomies banks use to represent technology risk. With half a decade of road testing behind it, the membership team responsible for authoring the framework has updated the tool to better reflect on-the-ground realities of an increasingly complex technology landscape and institutions’ maturing approach to und…