If firms are to meet the market’s requirements for the future, the steps to transform a legacy risk environment must be taken today.

Risk System Replacement Pitfalls and Lessons Learned: The CRO Perspective, a new report produced by Aite Group, examines the challenges faced by risk management executives in the capital markets when they are attempting to replace their risk technology architectures.

The market offers many drivers for investment in new risk technology platforms, but firms often delay pulling the trigger. Senior executives may be understandably hesitant to launch programs of work that could involve months of planning and system review when there is significant and continued downward pressure on operational cost. However, the steps to transform a legacy risk environment must eventually be taken if firms are to meet the current and future requirements of the market.

Based on conversations with chief risk officers or heads of risk management at 17 global capital markets firms and two implementation consultants engaged in supporting transformational activities for risk management, this impact report compliments of Numerix provides an insider’s view into legacy replacement considerations for risk technology.

This 33-page Report provides examination of:

  • Risk management set up today
  • Fear of change versus pain points
  • Finding the right sponsors
  • Hurdles to overcome
  • Bridging operational, business, and IT priorities across departments
  • Risk system replacement pitfalls and lessons learned


Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter @AiteGroup and LinkedIn.


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Tipping Points for Legacy Risk System Replacement: The CRO View