20 Mar Discuss how FinTech can be applied to manage reputation risk by firms.
Individual Essay
Q. Reputation risk is considered one of the most important risks for firms nowadays. In a survey released in August 2004 by PricewaterhouseCoopers (PwC) and the Economist Intelligence Unit (EIU), 34 percent of the 134 international bank respondents believed that reputation risk is the biggest risk to corporate market value and shareholder value faced by banks, while market and credit risk scored only 25 percent each. (Crouhy, Galai and Mark, 2014, p.41)
Discuss how FinTech can be applied to manage reputation risk by firms.
**Any examples of real life firms used in your essay must occur within the last ten years.
Achievement of Learning Outcomes
This assignment contributes to the achievement of BBA Outcomes by:
Giving you an insight into how a business can identify, assess and control reputation risk;
Enabling you to understand the implications of FinTech for risk management;
Requiring you to demonstrate critical and creative thinking.
Other Requirements of the Report
Write the report in your OWN wordings. The main content (excluding appendixes, tables and figures) should be of about 1,000 words. Please use the word count function in MS Word and state the number of words at the end of your report.
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