For our purposes here today, I will define ERM as a process that enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build stakeholder value.
In the much narrower world of fintech, with a much shorter history, one story- the story of cryptocurrencies, runs in parallel. We were closing 2021 with a narrative that 'TradFi' (Traditional Finance) was slow, inefficient and clumsy and 'DeFi' (Decentralised Finance) and DAOs (Decentralised Autonomous Organisations) was the path forward, riding on cryptocurrencies with their blockchain technology.