The URM Forum, which will serve a global community of experts and practitioners who are committed to developing a more scientific, cross domain approach to identifying and managing operational risks that increasingly threaten business performance due to the dynamic complexity of our modern world, launched today.

Current operational risk management practices are placing businesses in jeopardy. As our world becomes more dynamically complex, the opportunity to take corrective actions is shrinking, while risks are rising. Traditional risk management practices and technologies can no longer provide leaders with the insights they need to navigate the uncertainty and exponential change being driven by the Fourth Industrial Revolution.

“CEOs and governmental leaders are facing a real dilemma today as risks are growing exponentially while most risk management methods provide no better insights than astrology,” said Charlie Fote, former CEO, First Data. “URM Forum provides the framework we need to work together in order to identify a more effective approach to risk management.”

URM Forum will support a collaborative global network of individual thought leaders who are committed to working across industry and government segments to identify new operational risk management solutions that are vendor neutral and non-competitive in nature. Founding members include executive and technology leaders from Accretive, IBM, Deutsche Bank, BNP Paribas, La Poste, Morgan Stanley, CLS Services and federal government.

“There can be no doubt that large and global businesses are in for some rough roads ahead if we cannot tame the complexity of risk challenges they now face,” said Nabil Abu el Ata, CEO, Accretive and Founder of URM GROUP. “By interacting and collaborating on a broad framework of shared objectives, URM Forum members will strive to deliver the best practices and technology frameworks that allow business and government stakeholders to make smarter decisions in times of uncertainty, maximize future opportunities and mitigate dynamic complexity related risks associated with the Fourth Industrial Revolution.”

URM Forum members must be invited and qualify based on their ability to contribute towards a meaningful solution, which is part of what makes this forum unique and our work impactful. Executive, technology, academia and governmental leaders interested in joining URM Forum are encouraged to apply at https://urmforum.org/urm-forum/join-urm-forum/.