The Link Between IT & Risk Exposed Again

In yet another example of the importantce between the linkage of effective information technology and risk management methodology (see our In Focus posting), the Reserve Bank of India has highlighted the subject again after comments from Arun Pingaley, who heads the Functional Solutions and Experts Group (FSEG) at Reveleus.

Speaking to eWorld on Basel II norms and the challenges facing its adoption in India, he says most Indian IT services vendors have excellent IT skills but relatively weaker domain skills in expert areas such as risk management. (Full report here).

Of course India is not alone. The same challenge exists for executives in Australia and New Zealand, where Datasouth Corporate Services is amongst a tiny elite who are able to genuinely deliver the combination of the two disciplines.