Risk Innovation

Explore our insights on how organizations can re-think risk and drive risk mastery through innovative processes and technologies.

Digital transformation

What are the benefits of digitally fit risk functions and how are these groups helping stakeholders make smarter risk decisions as their organizations move through digital transformation.

Risk in Review Study

Organizations are rapidly rolling out digital initiatives. How can risk functions help their organizations successfully move those initiatives forward? When risk functions are digitally fit, the benefits an organization receives multiply in the forms of faster progress and greater-than-anticipated payoffs on digital technology investments and smarter risk taking. And that makes risk functions not only valuable but also vital to an organization’s digital success. Learn more about how risk functions can increase their digital fitness.

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State of the Internal Audit Profession Study

Digital rollouts heighten risks beyond the technology itself. Internal audit functions need the dexterity, the knowledge and the skills to provide advice and strategic assurance at the pace their organizations are moving in this new digital arena.

Digitally fit internal audit functions are far more effective at helping their stakeholders become smarter risk takers throughout digital transformation. Learn more about how internal audit functions can increase their digital fitness.

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State of Compliance Study

As organizations move through digital transformation, digitally fit compliance and ethics programs can help leaders make better decisions and take smarter risks. They can help stakeholders anticipate forthcoming regulatory changes, identify regulatory compliance risk early during digital initiatives, avoid the potentially catastrophic costs of noncompliance and create competitive advantage for their organizations. Learn more about how compliance functions can increase their digital fitness.

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Fueling innovation to help you master risk

We believe risk is there to be mastered, not feared. That’s why PwC created the Risk Assurance Center of Excellence (CoE). It’s our innovation hub for risk, compliance, and internal audit innovation that is purpose-built to:

  • Advance deep expertise in data science and intelligent process automation, as well as blockchain and other emerging technologies
  • Commercialize new solutions that combine our client teams’ innovative ideas with advanced technology, highly specialized experience, leading practices, and targeted investments
  • Invest in risk innovation targeted partnerships, including the Risk and Regulatory Services Innovation Center at Carnegie Mellon University, sponsored by PwC, where we explore the complex relationship between people, trust, and the wider world.

The Risk Assurance CoE is designed to create breakthroughs in the risk application of emerging capabilities—and help our clients master risk at speed and scale.

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Innovation: The big new risk hitting the boardroom

Are companies re-thinking how to report to the board on risk metrics and culture and should they be? How is board accountability for such risks evolving? PwC leaders tackle these questions and more in an interview with Bob Herz, board director at Fannie Mae, Morgan Stanley, Paxos and Workiva.

Investing in research to develop next-generation solutions

A year has passed since the doors opened on the Carnegie Mellon University Risk and Regulatory Services Innovation Center sponsored by PwC with the goal of encouraging students to develop smart, tech-driven solutions to address today’s business challenges. Through research, we are helping to create real progress in the spaces of regulatory technology (RegTech), the Internet of Things (IoT), blockchain, and Safe Neighborhoods. Read more about the progress we’ve made and what’s still to come.

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About 

The Carnegie Mellon University Risk and Regulatory Services Innovation Center sponsored by PwC advances how businesses and organizations use technology to solve organization-wide issues and address compliance requirements. The Center supports education and research in critical areas such as information privacy and security, audit innovation, and data analytics to address risk, regulatory and compliance challenges. 

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Contact us

Jason Pett

Risk Assurance Leader, PwC US

Tel: +1 (410) 659 3380

Scott Greenfield

Digital Risk Solutions Leader, PwC US

Tel: +1 (631) 804 4523

Mike Maali

Internal Audit, Compliance & Risk Management Solutions Leader, PwC US

Tel: +1 (312) 298 2462

John Monaco

Risk Assurance Marketing Leader, PwC US

Tel: +1 (313) 394 3735

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